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Consumers are embracing mobile commerce

04/06/201504/05/2015 Stephen Vagus

MasterCard finds that more consumers around the world are showing favor for mobile commerce MasterCard has found that fears regarding mobile commerce security may be diminishing among consumers, especially those in Asian countries. According to a recent study from the company, which was developed in partnership with PRIME Research, more consumers are talking about mobile payments. The study tracked 19.1 million social media posts across prominent platforms throughout the world, finding that consumers, and merchants, are talking about how convenient and interesting mobile commerce actually is. Study highlights the improving…

OneVisage brings new technology to the world of mobile payments

03/20/201503/18/2015 Stephen Vagus

OneVisage introduces its new security solution, called SelfiLogin OneVisage, a digital identity company based in Switzerland, has unveiled a new product that it claims is the world’s first 3D facial authentication product that will operate on standard smartphones. Called SelfiLogin, the technology is meant to eliminate the modern two-step authentication process, which is becoming a problematic issues in the mobile commerce field. The company suggests that tokenization is also becoming an inconvenient practice that could lead to abandon purchases. New solution could help make the mobile payments space more secure…

Line and CyberSource partner to improve mobile payments

03/10/201503/07/2015 Jennifer Goula

Line has announced its strategic partnership with CyberSource in order to improve its position in the mobile commerce space Line, an Internet services and mobile application company based in Japan, has announced that it has formed a strategic partnership with CyberSource, a subsidiary of Visa. CyberSource specializes in payment management and fraud prevention services. The partnership is expected to improve Line’s new mobile payments platform, called Line Pay, and expand the reach of CyberSource’s technology. Together, the two companies may have a major impact on the mobile payments space. Partnership…

Mobile payments security continues to be a major issue

02/18/201502/16/2015 L. Green

Mobile wallets continue to gain momentum Mobile wallets are becoming more common as a growing number of consumers begin to rely on their smartphones and other devices to pay for products. These applications are designed to store information provided by retailers and other businesses, making it easier for consumers to make mobile transactions. The issue, however, is that mobile commerce is becoming an attractive target for malicious groups that want to exploit consumer financial information. According to a recent survey from LexisNexis Risk Solutions, attacks on mobile payments platforms are…

New laws could impede the growth of mobile payments

02/04/201502/03/2015 Sam Lambert

Mobile commerce continues to thrive in the US, but new laws could slow growth Mobile payments are gaining traction in the United States. Companies like Google and Apple are supporting the growth of mobile transactions and helping make it possible for retailers to engage mobile consumers in a more dynamic fashion. According to a recent report from Forrester Research, the U.S. mobile payments market will reach $142 billion in 2019, but this growth may be offset by new laws that could have a major impact on mobile shopping as a…