Home Posts tagged "mobile commerce"
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Consumers Were Much More Likely to Shop with Mobile Devices Online Rather than In-Store This Black Friday

Although mobile eCommerce sales accounted for $1.2 billion on each Black Friday and Cyber Monday, consumers shopping in-store were much less likely to pull out their smartphones. According to one payment processor, just 0.6 percent of brick-and-mortar retail transactions in the U.S. on Black Friday were made with a mobile wallet. According to data from

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Mobile Driving More Sales So Far this Holiday Season

Consumers made more than $2 billion worth of purchases in the mobile eCommerce channel between Thanksgiving, Black Friday and Cyber Monday. Adobe reports that mobile devices accounted for nearly half of online shopping visits while comScore estimates that mobile eCommerce spending increased 53 percent from last year on Cyber Monday. If the consumer shopping trends

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Mobile Payment Volume at the Point-of-Sale Will More Than Double in 2015 and is Expected to Grow by More Than 200 Percent Next Year

According to a new forecast from eMarketer, U.S. mobile payments at the point-of-sale, including NFC, QR codes and other methods, will grow from under $4 billion in 2014 to nearly $9 billion this year before really taking off in 2016 when mobile contactless payments are expected to exceed $27 billion. The number of mobile proximity payment users in

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Growing Mobile Traffic Underscores Importance of Mobile Friendly Sites and Apps

According to data from comScore, 13 percent of U.S. Internet users that visited retailers online did so only using mobile devices, including both mobile web and mobile apps. Meanwhile nine out of the ten largest online retailers in North America are seeing at least one-third of their digital traffic in the mobile channel, and at

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Google Wallet Partners with and Acquires Softcard’s Technology to Better Odds of Winning Mobile Wallet Wars

While there had been rumors that Google was in talks with Softcard to acquire the mobile network’s joint venture, the two organizations made an official announcement about their newly formed partnership on February 23rd. Under the deal Google will acquire Softcard’s patents and technology while the three major carriers that formed Softcard will now include

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Increase in Mobile Fraud Outpaces Mobile Transaction Growth

According to a recent study from LexisNexis mobile commerce represents 14 percent of all transactions, but 21 percent of fraudulent transactions are attributed to the mobile channel. Meanwhile the value of fraud losses for mobile channel merchants quickly grew from 0.8 percent of revenue in 2013 to 1.36 percent of revenue in 2014. According to

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Visa Replaces V.me with Visa Checkout, Adds New Merchants

Visa launched their e-wallet, V.me, in late 2011, but this was discontinued in July, 2014 in favor of Visa’s new, although quite similar service, Visa Checkout. Since launch Visa has signed on notable merchants to accept Visa Checkout and will soon begin a major advertising push to drive consumer adoption. Visa has discontinued their original

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MasterCard acquires digital wallet maker C-SAM

MasterCard has entered an agreement to acquire C-SAM, mobile wallet provider and transactions provider behind ISIS, the mobile wallet joint venture founded by Verizon, AT&T, and T-mobile. C-SAM also processes mobile payments in Japan, Mexico, Singapore, and Vietnam. The agreement emphasizes the importance MasterCard puts on mobile payments and smooth transactions in the mobile channel.

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Mobile is Key Factor in Cyber Monday, Black Friday Online Sales Growth

Recent estimates from IBM found continued growth in the online sales volume for Black Friday and Cyber Monday this year with the biggest growth coming from the mobile channel and more mobile activity overall on Black Friday. Read More

 
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Considerations for Handling Increased Traffic and Changing Consumer Preferences this Holiday Season

Online shopping has grown year-after-year while becoming an increasingly important portion of total Q4 retail sales. Last Cyber Monday online spending in the U.S. alone exceeded $1.4 billion while the share of Black Friday sales occurring online has increased from 3.5 to nearly 7 percent since 2005. Online and multichannel merchants must make many preparations for the

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