When Ogilvy conducted research, it found that consumers consider their cell phones the third most important thing to take with them when they leave home, next to their keys and their wallet.
"What happens when their mobile phone becomes their wallet," Mandel said, adding, "As we"ve seen in Asian markets."
When that happens, and consumers start using their mobile devices to buy things, and respond to offers, then it will ultimately become marketing's "killer app."
"That in my mind is the Holy Grail of marketing," Mandel said.