A recent survey and report from Adobe found that a significant number of business do not have a mobile app or mobile-optimized site while 57 percent of companies reported average conversion rates of less than 1 percent for mobile users. Read More
Press Release: Mobile Survey 2012 Reveals Different Developments and Perspectives Related to Mobile Payments and Fraud
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
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Global Growth Expected in Mobile Commerce and Mobile Fraud
A recent survey finds that many consumers want more opportunities to use mobile wallets in-store while online mobile commerce transactions continue to grow as well. Meanwhile several industry and investment analysts are predicting strong years for companies well positioned in the mobile payments market, along with large growth for mobile payments in general. Read More
FDIC Warns There are no Safe Harbors for Mobile Payments
In a recent article from the FDIC’s Supervisory Insights publication mobile payments are discussed in terms of understanding and managing risk for financial institutions. The FDIC states that banks may find that effective risk management with mobile payments requires partnering with several specialized parties, but also cautions that innovations in the mobile marketplace are driven
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Take the 2012 Mobile Payment & Fraud Survey
The Fraud Practice is a proud sponsor of the 2012 Mobile Payment & Fraud Survey. The details of this survey will help merchants and vendors better serve their mobile customers and prepare for the future of mobile commerce. All participants who complete the survey will receive an advance copy of the revealing results report and will
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Isis, PayPal, Visa Continue to Test and Develop Mobile Payment Methods
More mobile payment methods and wallets are testing and preparing for commercial launch with mobile joint venture Isis starting trials in two pilot U.S markets, Visa testing NFC (Near Field Communication) payments at the London Olympic Games, and PayPal trialing their mobile payment method with McDonald’s fast food restaurants in France. Read More
NFC Retail Payments Forecasted to Reach $180 Billion Globally by 2017
In a recent report from Juniper Research it was predicted that the total global mobile payment volume will reach $1.3 trillion by 2017 with at least $180 billion of this coming from Near Field Communication (NFC) retail payments. Read More
Discover Partners with, now Compatible with Google Wallet
Discover Financial Services recently announced their partnership with Google Wallet allowing cardholders to use their Discover cards within the Google Wallet application for Near Field Communication (NFC) payments at the point-of-sale as well as through using Google Wallet online. The key feature of this partnership is that Discover customers can login and save their credit
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Apple Acquires Mobile and Network Security Firm AuthenTec
On July 27 Apple acquired AuthenTec, who provides encryption technology, fingerprint sensors and identity management software, for $356 million. After filing a shareholder notification document related to this acquisition with the SEC it was apparent that Apple was in a hurry to acquire the company’s fingerprint scanning technology, and while this has many potential uses
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Mobile Wallet Providers, Carriers, Issuers and Card Associations Form Mobile Payments Committee
The four major wireless carriers in the U.S. along with financial institutions, card associations and mobile wallet providers have formed and joined the Mobile Payments Committee with the Electronic Transactions Association (ETA). The purpose of the committee is to define best practices for mobile payment solutions while educating legislators, merchants and consumers to foster and
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