As Jacobson points out, the mobile commerce ecosystem includes payment processing network companies such as Mastercard (MA), Visa (V) and American Express (AXP) as well as point-of sale (POS) equipment companies like VeriFone (PAY) and NCR Corp. (NCR), which should help alleviate privacy and security concerns.

FORBES: Watching VeriFone as Mobile Payments Explode

Credit card stocks have had a tumultuous week following the announcement that MasterCard ( MC) and Visa ( V) would be settling their anti-trust case with the Department of Justice, leaving American Express ( AXP) to duke it out with the Feds.

FORBES: The Oracle And I Are Bullish On MasterCard

The private sector anticipates myriad uses for V-22 derivatives -- including executive aviation, disaster relief, medevac, short-haul transport, package express, etc.

CENTERFORSECURITYPOLICY: Center For Security Policy