Mobile payments to be a main focus of hospitality industry tech

Mobile Payments

A recent study is indicating that digital signage and smartphone based transactions are paving the way. The outcome of the second annual Customer Engagement Technology Study has just been released and the results are looking quite positive for mobile payments, digital signage, and even social media marketing. This research was conducted alongside a team from the University of Denver Daniels College of Business. It also included the participation of the University of Nevada, Las Vegas’ William F. Harrah College of Hotel Administration. Its data included 143 results regarding the way…

Read More

Mobile payments struggle in U.S. but grow worldwide

Quick Tap NFC technology service mobile payments service

The forecasts for the use of these transactions in the United States have been dropping like a stone. Although the use of mobile payments on a global scale are taking off like a rocket, in the United States, predictions are continuously being corrected in order to reduce the size of the outlook within that marketplace. The uptake of these transactions has not been anywhere near the rate of most expectations. The most recent knock to the overblown predictions about the American mobile payments marketplace has come from eMarketer. In October…

Read More

Mobile payments facing tremendous risks, says study

Mobile commerce Risks

Just as the transactions are beginning to gain some credibility, U.K. risk analysts say struggles are ahead. The adoption of mobile payments has been far slower than expected, and just as some were beginning to think that they were finally taking off, risk analysts from Riskskill, a U.K. consultant, have released a report that assesses that global market in a much more sobering light. It could be that there are a broad number of challenges and risks associated with that form of transaction. According to Bill Trueman, the CEO of…

Read More

Mobile payments used more often when incentives are offered

mobile payments incentives

Consumers are more likely to use these services when they have an additional financial benefit to do so. According to new research, the most successful efforts that have been made to boost the use of mobile payments among consumers who have previously used this type of transaction is financial incentives. Moreover, financial management tools over smartphones encourages more frequent use. Among the participants in the study were 4,000 smartphone users who have already used mobile payments services. Over half of them had said that they were very likely to use…

Read More

Mobile payments growing in popularity at the supermarket

mobile payments grocery store

Though the transaction type as a whole is still off to a slow start, there is demand when buying food. According to the latest industry data that has been released regarding the use of mobile payments, smartphone users enjoy using their devices to complete transactions at the grocery store. When consumers arrive at the point of sale, they are often happy to use their smartphones to pay. This mobile payments trend was included in the latest published data from Symphony EYC, in which they identified the findings of their recently…

Read More

Mobile payments demand is increasing in the Middle East

Mobile Payments

That market is beginning to increase its desire to take part in transactions over smartphones. As companies in the Middle East have begun a broadening of the infrastructure for mobile payments, the demand for using this alternative form of transaction is also on the rise in that region. This trend has kept the area well in line with the evolution that commerce is taking on a global scale. The data suggesting that the Middle East is keen to take on mobile payments was issued by First Data. It has pointed…

Read More

Mobile payments report shows this will be the fastest growing transaction method

mobile payments system point of sale

Research shows that over the next five years, this will be rapidly increasing in popularity. Though much of the technology shopping focus may be on m-commerce at the moment, but according to the latest research, it is mobile payments that are coming out as the star in terms of growth at the moment and over the next few years. In brick and mortar stores, using smartphones for completing purchase transactions will become more common. The results of a new Javelin Strategy and Research study has shown that in the United…

Read More

Mobile payments will be a larger focus for retailers in 2013

mobile marketing guide

Merchants have learned the lesson from the holiday shopping season and are moving forward with smartphone transactions. Retailers have been viewing the statistics that have been compiled from 2012 and its heaviest shopping season, and it has been made clear that mobile payments will be a necessary part of 2013 if they wish to remain competitive. Consumers are beginning to indicate that they want to be able to do more in-store with their smartphones. This, according from the study performed together by Shop.org and Forrester Research, called the “State of…

Read More

Mobile payments security threat will increase in 2013

mobile security for smartphone

Could worries over the safety of use hold back adoption of this technology? As security is one of the main concerns voiced by consumers and is one of the top issues faced by mobile payments providers, the news regarding the growth of threats next year is not entirely welcome. According to a recent study, the more popular the technology becomes, the greater the number of threats. Mobile payments, like online banking, brings financial access and technology together. Though its use has been picking up, it has in no way reached…

Read More

Mobile payments will replace cash and credit cards, say consumers

Mobile payments platform

A survey has shown that people feel that cashless payments will soon dominate the marketplace. A recent survey performed by Harris Interactive has shown that over 60 percent of American adults believe that mobile payments will have replaced traditional plastic credit card and cash transactions in the not too distant future. Approximately 30 percent believe that this will occur within the next five years. The online poll was conducted with the participation of 2,383 adults in the United States. It ran from November 14 through November 19. Among the respondents,…

Read More

Mobile payments survey shows most consumers interested

NFC Mobile Payments System

Research indicates that the majority of bank customers worldwide have interest in smartphone transactions. A mobile payments survey conducted by IMS Research that included the participation of 700 consumers from seven countries showed that 60 percent of banking customers are interested in the service. Respondents were from the U.S., the U.K., Turkey, Poland, South Korea, Japan, and China. The report about the survey was entitled “The World Market for Payment and Banking Cards – 2012 Edition”. Its author, Don Tait, is the one of the firm’s Financial and ID Technology…

Read More