The mobile channel is booming and reaching a tipping point. Mobile online commerce has enjoyed triple digit growth rates for consecutive years while mobile wallets are gaining traction for payments at the point-of-sale. On December 9, 2012 eBay recorded their largest mobile shopping day ever as eBay purchases made via mobile devices grew 133 percent from their largest mobile shopping day of 2011. The second Sunday in December is a major holiday shopping day, and PayPal’s mobile payment volume on this day was 221 percent higher than the second Sunday of December in 2011 while the number of consumer’s using PayPal Mobile increased 204 percent on this day in 2012. With mobile commerce volumes growing at such rapid rates it is evident that many more merchants were equipped to accept payments made via mobile devices in 2012, but this is primarily larger merchants as the Mobile Survey 2012, conducted by Kount, The Fraud Practice and CardNotPresent.com , reveals that many SMB merchants are planning support for mobile developments for 2013 but don’t support it currently. While there seemed to be universal agreement that mobile is important and is only going to get bigger, there was not universal agreement on the fraud risk associated with the channel. In fact, the survey indicates that many merchants may not be sufficiently prepared for mobile commerce fraud risks.