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Samsung will launch mobile payments system using fingerprint security

04/23/201504/22/2015 Julie Campbell

The technology giant will be rolling out a simple transaction system in South Korea by the end of April. Samsung Group subsidiary, Samsung SDS, which is an IT services firm, has now announced its intention to launch a mobile payments system in South Korea that uses fingerprint scanning technology. While the smartphone payments system will get started in South Korea, it will be expanding in the future. Samsung’s plans appear to be to initially launch the mobile payments service within its own home country, but to then move on to…

Mobile payments reach new heights during the holidays, but danger of fraud still lingers

12/11/201412/09/2014 Sam Lambert

UK mobile commerce - Woman with shopping bags on mobile

New report sheds light on performance of mobile commerce while also highlighting security issues Online fraud and abuse protection provider Iovation has released a new report concerning the performance of mobile commerce over the past holiday shopping weekend. The report notes that consumers made use of their mobile devices when shopping on Black Friday and Cyber Monday, taking advantage of retail opportunities offered specifically to mobile consumers. Iovation found that, in some cases, people fell prey to fraud, particularly identity theft and complete takeovers of their mobile shopping accounts. Some…

Mozido to make use of mobile commerce and security products from MasterCard

11/18/201411/15/2014 John Montgallo

NFC mastercard Facebook Messenger QR codes

Mozido forms partnership with MasterCard to improve its mobile platform Mozido, a company that provides financial and marketing services focused on the mobile sector, has announced that it has partnered with MasterCard. Through this partnership, Mozido will be incorporating the mobile payments and security products that MasterCard had to offer. These products will be bundled into the services that Mozido provides, increasing its value to its clients and helping the company establish a stronger foothold in the highly competitive mobile market. Mozido platform will be augmented with new payment and…

Mobile security isn’t good enough for consumers in the US

08/21/201408/19/2014 Jennifer Goula

The fears that shoppers have when it comes to using their devices is continuing to hold m-commerce back. According to the results of a recent study, a lack of trust in mobile security is continuing to hold back shopping over m-commerce, but it is also invading on the potential success of banking apps. The research showed that almost half of all consumers in the United States say they would never use mobile payments. Intercede, a digital identity firm showed that its “The Rise of the Identity Centric Economy” study revealed…

Mobile payments may be stuck in a stone age

07/07/201407/04/2014 Stephen Vagus

Mobile commerce is struggling with an inefficient monetization process Mobile commerce is not as successful as it could be and that is because of an inefficient monetization process, according to mobile payments firm Klarna’s Sebastian Siemiatkowski. The firm suggests that digital commerce is in type of “Middle Ages,” while mobile commerce is in a “Stone Age.” While e-commerce has managed to flourish over the past several years, mobile commerce has struggled to find a foothold throughout the world. While the mobile space has seen a significant degree of success, it…