Security is playing a larger role in the growth of mobile payments

two hands mobile payments

Federal Reserve report shows that mobile commerce is on the rise Mobile payments are finding more support in the United States, but security is still a primary concern for consumers and merchants alike. The Federal Reserve has released a new report that highlights this issue, as well as the growth of mobile commerce support throughout the country. For many consumers, security has been a major hurdle that has barred their participation in mobile commerce. This is a concern held by retailers, as well, with many companies being targeted by cyber…

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Security problems may be driving people away from mobile payments

mobile payments trends

Consumers and IT professionals have major concerns when it comes to mobile security Security concerns may be driving consumers away from mobile payments. A recent survey from Experian has found that a significant portion of consumers believe that the mobile space is particularly prone to digital risks. Several companies have become involved in the mobile payments space, but they have not yet become acclimated to the security risks that exist therein. As such, faith in the ability to protect consumer financial information may be waning for many consumers. Survey shows…

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Apple expands its mobile payments service

iphone 6 apple pay qr codes mobile security

Apple Pay could be on track to being accepted in more than 1.5 million locations in the US Apple’s mobile payments service is gaining momentum in the United States as the company prepares to launch the service in new markets in the near future. During Apple’s latest earnings call, CEO Tim Cook noted that Apple Pay will soon be accepted at more than 1.5 million locations throughout the country. Apple has also announced an expansion to the service that may be able to help the company achieve this ambitious goal…

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Mobile payments adoption remains somewhat slow despite promising potential

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Mobile payments are growing more popular, but adoption is not as high as companies would hope Mobile payments have gained a great deal of popularity in recent years, but adoption may not be growing as quickly as some may believe. Several companies have become involved in the mobile payments market, but they are finding it somewhat difficult to attract consumers to their new payment services. This has been the case for Apple and Google, whom have already established a foothold in the payments market, but have encountered difficulties when it…

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Mobile commerce solutions market set for exponential growth

tablet mobile commerce survey

Report highlights the growth of the mobile commerce market throughout the world Grand View Research has published a new report that shows that the global mobile commerce solution market will see exponential growth in the coming years. This growth is being attributed to accelerating smartphone adoption. As more consumers gain access to these devices, they are beginning to use them to shop in a more convenient fashion. This has lead to consumers seeking out efficient and enjoyable solutions that they can use to shop. Growing smartphone adoption provides momentum to…

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