Mobile payments may find strong growth in the US

Mobile Payments market trends

The US may become a prominent mobile commerce market in the near future Mobile payments may be set to see explosive growth in the U.S., according to analysis from BI Intelligence. The firm has estimated that global mobile commerce spending in 2013 reached $223 billion, approximately 4% of the total credit and debit transactions made in that year. The U.S. has been lagging behind the Asian-Pacific and African markets, however, U.S. consumers have been growing more interested in mobile commerce over the past year. Mobile transactions continue to find strong…

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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…

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Mobile payments are used by over half of American smartphone owners

Mobile payments platform

The CUNA has now released its latest survey data which has found that these device users are purchasing in droves. According to the latest survey data that has been released by the Credit Union National Association (CUNA), among American smartphone owners, more than half have used their device for mobile payments purposes, whether it be buying a digital product online or tapping it at a checkout counter – or pretty much anything in between. The survey also showed that security remains the uppermost concern of device users making purchases. Though…

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Cybersecurity could be a major barrier for mobile payments

Mobile Payments

Mobile payments and e-commerce may suffer due to lackluster cybersecurity features The U.S. government may begin taking more aggressive steps to ensure companies take cybersecurity more seriously, especially when it comes to e-commerce and mobile payments. Consumers throughout the country have been enthralled by the concept of mobile payments and this form of commerce is becoming more common as businesses work to meet the demands coming from these consumers. The problem, however, is that cybersecurity is not typically taken seriously by these companies. Even those with a strong focus on…

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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…

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