New mobile payments partnership opens between Australian and Dutch companies

Australia Mobile payments Commerce QR Codes

The two firms in question are eftpos and Bell ID, which hope for a flexible new transaction capability. Eftpos, a company from Australia has now announced a partnership with a Dutch company called Bell ID in order to develop a domestic mobile payments capability that will use secure tokenization and will still remain notably flexible. The purpose of this new partnership is to help to make eftpos smartphone payments available across digital platforms. Bruce Mansfield, the managing director of eftpos explained that the new capability that will be developed through…

Read More

Mobile payments could succeed if they prove to be simple, flexible and convenient

NFC mastercard Facebook Messenger QR codes

A recent study by MasterCard has shown that these are the primary features sought by consumers. MasterCard has now released the results of a study that has shown that in terms of mobile payments, consumers are seeking methods that are flexible, simple, and convenient among the new innovations that they would be willing to consider when they pay for products at retail locations. This is important insight to be considered by companies that are presently or soon to be in this market. As retailers and other companies move toward mobile…

Read More

Mobile payments may be stuck in a stone age

Stone age mobile payments

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…

Read More

Mobile Security is in Need of Some Attention

mobile commerce security

Security in a new age of technology Mobile security is something that shouldn’t be taken lightly. The world is becoming increasingly reliant on mobile technology and this has made the mobile space a target for malicious groups that have exploitation in mind. These groups are targeting mobile sectors that have yet to begin taking security seriously, and this means that mobile commerce has become a digital battlefield. Mobile commerce is an attractive target because it is awash with financial information that is, more often than not, left unguarded. In 2013,…

Read More

Mobile payments using NFC technology will reach 300 million users in 3 years

NFC Technology Mobile Payments Infrastructure

This data is according to a recent report that has been issued by Juniper Research regarding near field communication transactions. The new Juniper Research report has suggested that the number of smartphone users that will be making mobile payments through the use of NFC technology, worldwide, will have broken the 300 million mark by the close of 2017. This will represent considerable growth for the transactions as a whole, as well as for this specific contactless tech. To put this figure into perspective, last year, it was estimated that there…

Read More

Apple is becoming more aggressive with mobile payments

Apple iphone mobile payments

E-commerce is playing a major role in Apple’s business E-commerce may be becoming one of Apple’s most important priorities. The company has, for years now, been involved in the digital and mobile spaces thanks to its iTunes platform. During Apple’s second quarter earnings call this year, CEO Tim Cook noted that the iTunes platform is the company’s second-fastest growing business currently, just behind the company’s hardware interests. E-commerce currently represents one of the company’s most profitable business segments as well, and this is one of the reasons why Apple has…

Read More

New Zealand to introduce new standards for mobile payments

new zealand mobile commerce

New standards have been introduced by Payments New Zealand Payments New Zealand, a national payments organization, has launched a new set of standards that are meant to provide more stability to the country’s mobile commerce field. The standards, known as the Mobile Device Rules and Standards, are meant to provide both consumers and businesses with the protection they need to adequately operate in the mobile commerce field. Mobile commerce is becoming more popular among New Zealand consumers, but many of the platforms that are available to these people operate under…

Read More

Preventing fraud with digital payment systems

mobile commerce payments smartphone shopping

Mobile payment systems have gained a bad reputation due to past issues with identity verification. However, in recent years digital security has significantly improved and is now more secure than manual store methods. Digital payment technology is advancing at a very rapid pace and can provide users with tools through third party applications that can be used for anything from transferring money to processing payments. Identity Verification Tools Electronic signatures allow you to sign contracts via your tablet and smart phone from home. Processes like this present security concerns; however,…

Read More

Eftpos seeks to unify mobile payments

Mobile games Australia

Mobile commerce competition may soon be a thing of the past The mobile commerce field is currently awash with a variety of services that are attempting to capture the attention of consumers. Competition among these services is fierce as mobile commerce is seen to have a very promising and lucrative future. The multitude of services available to consumers has created an environment in which no single mobile commerce platform is considered to be mainstream. In Australia, a mobile payments firm is seeking to create some unity in the competitive field.…

Read More

NFC technology receives a slap in the face from iBeacon

Apple NFC Technology Trends mobile payments

Near field communications have taken quite a hit by the success of Apple’s mobile payments system. When it comes to mobile payments, one of the greatest barriers to mainstream acceptance has been a lack of a standard, and while it had been looking as though NFC technology would be the fast, easy, and convenient method that would soon be taking over, Apple disagreed, and this could be defining for the industry. Though near field communications tech has been around for a while, it has not been catching on. Consumers simply…

Read More

US Bank introduces new mobile commerce app

mobile payments trends

Application puts a new twist on mobile shopping US Bank has developed a new application that is meant to serve as a mobile commerce platform for consumers. The application is designed to allow consumers to quickly purchase products that they may come across in their daily lives. In this way, it is quite similar to other applications of the same nature, but the application is able to provide information on products using image recognition and audio. As such, the application can be used to bring up a list of products…

Read More