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Security and privacy are a top concern for retailers in the mobile payments space

Security and privacy are a top concern for retailers in the mobile payments space

Mobile payments continue to be a challenge for retailers When it comes to mobile payments, retailers are undeniably interested, but they have major concerns that must be addressed before they can show wholesale support for new payment platforms. A new report fromĀ  Retail System Research suggests that retailers are more concerned about protecting consumers, and themselves, from fraud than they are about actually accommodating mobile payments. Mobile payment adoption among retailers is expected to slow until … Read entire article »

Filed under: Featured News, Mobile Commerce, Mobile Commerce Security, Mobile Payments

Suretap mobile wallet app update unveiled

Suretap mobile wallet app update unveiled

The smartphone payments application owned by three large telcos in Canada has announced its next big move. The long awaited update to the Suretap mobile wallet has finally been unveiled, and it has shown that these app based payments will soon be compatible with a broader range of smartphones, will be able to include a larger number of credit cards, and will be accepted at more merchants. This has the potential to be a major move in … Read entire article »

Filed under: Mobile Apps, Mobile Payments

Tokens may be the answer to mobile commerce security

Tokens may be the answer to mobile commerce security

Tokenization is becoming a top priority in the mobile commerce space Tokenization is becoming a very important concept in the mobile commerce space. As this sector continues to grow, it is becoming a more attractive target for malicious groups. These groups sometimes attempt to steal the financial information of consumers in order to make fraudulent payments. Security has long been an issue that has plagued the mobile space, and now that payments have become mobile-centric, securing … Read entire article »

Filed under: Mobile Commerce, Mobile Commerce Security, Mobile Payments

Global mobile commerce market is showing healthy signs of growth

Global mobile commerce market is showing healthy signs of growth

Cirteo report highlights the rise of mobile commerce throughout the world The mobile commerce market is growing quickly throughout the world. Globally, retailers are becoming more mobile-centric, taking note of growing smartphone penetration and the increasing demand for mobile services that allow consumers to shop from their devices. A new study from Criteo shows that the state of the global mobile commerce market is quite healthy, with mobile driving aggressive growth in the e-commerce space as … Read entire article »

Filed under: International, Mobile Commerce, Mobile Payments, Trends, United States

Mobile payments to go mainstream by 2020

Mobile payments to go mainstream by 2020

Report predicts the mainstream success of mobile payments Mobile payments are expected to become a mainstream phenomenon by 2020, according to a new report from Compass Plus. The number of consumers that are engaging in mobile commerce is growing daily, with more people having access to NFC-enabled mobile devices than ever before. Banks and retailers are becoming engrossed in mobile payments, launching new services and looking to support mobile consumers in a more dynamic way than … Read entire article »

Filed under: Mobile Commerce, Mobile Commerce Security, Mobile Payments, Trends

Rhombus launches SMS mobile payments service in the US

Rhombus launches SMS mobile payments service in the US

Rhombus’ new platform allows users to make payments with a text message Rhombus, a payments startup, has launched a new platform in the United States that will allow consumers to send payments and donations from any mobile device. Such a platform is not unique, as there are many that have the same type of feature, but the way this platform offers this feature sets it apart from others. The platform supports SMS mobile payments, making it … Read entire article »

Filed under: Mobile Apps, Mobile Commerce, Mobile Payments, United States

Mobile payments may soon be made from the wrist, without a smartwatch

Mobile payments may soon be made from the wrist, without a smartwatch

A company called PureWrist is using tiny technology to add a card to a wristband worn by consumers. As mobile payments and wearable technology have both faced a slow start, bringing those two features together has been the strategy of many companies for boosting their overall adoption, and this appears to be the case with PureWrist, as well, only without the smartwatch. Instead, the company has offered a subscription service based on the concept of a debit … Read entire article »

Filed under: Gadgets, Mobile Apps, Mobile Payments