Facebook could be lining itself up to be an m-commerce powerhouse with news that it is preparing to join the mobile-payments race with remittances and electronic-money services. According to industry sources, the company is close to obtaining approval from the Central Bank of Ireland to start a service that would (more…)
Mobile Point of Sale (MPoS) devices can be easily hacked, leaving banks, retailers and millions of customers exposed to serious fraud around the world, global information security firm MWR InfoSecurity has revealed at the SyScan security conference in Singapore.
With more than 2000 UK retailers signed up to its smartphone payment app, PayPal is to make shoppers lives easier by letting them order and pay ahead of time and a new ‘pay at table’ feature, both aimed at streamlining restaurant use.
A study into smartphone users’ attitudes towards mobile payments by integrated mobile solutions provider Oxygen8, has revealed – rather unsurprisingly – that simplicity is the driving factor to unlocking widespread adoption. Despite having the capability to do so, a third (33%) of 18-44 year olds in the UK admit to never having (more…)
The mobile payment space is set to hot up with the imminent launch next month of Paym, a new payment service devised by the non-partisan Payments Council that links users banking apps to their phone number.
Richard Newland, commercial director, Zapp, is keynoting in the Mobile and Mobility Theatre at IRX 2014 on Thursday 27 March, on the business imperative topic du jour, Navigating Your Way Through Payment Technologies. Paul Skeldon met up with him ahead of his appearance to find out more about why retailers (more…)
Leveraging the power of the smartphone’s multiple network connections, audio, visual, location and accelerometer technology, Powa Technologies is hoping to reveolutionise retail in store and around publications, adverts, posters and more with the international launch of PowaTag.
Global payments processor Elavon has signed up to burgeoning mobile payment service Zapp – sponsor of the mobile and Moblity track at Internet Retailing Expo on 26-27 March – giving Zapp access to almost all the UK’s main payments providers and bringing critical mass to the service ahead of its (more…)
UK mobile operator joint venture Weve – formed by Vodafone, EE and O2 – has outlined how it sees NFC revolutionising retail with announcements of partnerships with MasterCard to bring NFC mobile payments to a mass market and with Eat to trial iBeacons-based loyalty services.
As EAT and Weve announce the launch of a trial using iBeacons to develop a contactless mobile loyalty product called Pouch, Alex Sbardella, Product Director at Red Ant, gives his top five reasons why iBeacons are going to change retail forever
Mobile payment service Pingit, run by Barclays Bank, has been used to paid the £23,000 deposit on a house in South London, in what is believed to be a first for mobile payments. The payment was made following the creation of a partnership between Barclays and specialist property auctioneers Savills (more…)
Following a limited trial last year, The Rugby Football Union (RFU) is to go live with an m-commerce approach to cutting queues and increasing sales of beers and pies at its Twickenham stadium, as it seeks to combine mobile ordering, payments and loyalty into a simple app from m-payment platform (more…)
The latest Global Mobile Payment Index from Adyen, a global provider of international and multichannel payment solutions, shows that mobile payments accounted for almost 20% of all transactions worldwide in December – growth of 55% in a year, up from 12.6% the previous December.
While shoppers increasingly took to their smartphones in search of the perfect gift over Christmas, lost sales were equivalent to over 50% of total m-commerce profits, according to analysis of the holiday trading bonanza carried out by Jumio’s.
Everyone has a smartphone – well as many as 82% do – but retailers need to now look beyond just having an m-commerce offering and instead delivering a brand experience through all devices. And payments is one area where they can happen, thinks Andrew Smith, co-founder and CTO of CloudZync
Ahead of Internet Retailing Expo at the NEC on 26-27 March, research shows that this Christmas across Europe mobile payments accounted for an average of 10% of e-commerce transactions, with the UK and Netherlands seeing 19 and 16% respectively of e-commerce payments being made over mobile.
HSBC, first direct, Nationwide, Santander and Metro Bank are to be the launch banks for Zapp mobile payments in the UK, opening up simple and secure mobile payments to some 18 million UK consumers in September 2014 when the service goes live.
Ninety per cent of mobile wallet and payment tool users buy things on mobile, compared with 65% of mobile content consumers, and all are more likely to interact more with mobile services such as advertising and location-based stuff, finds a 13-country, 10,000 consumer-quizzing survey by MEF and OnDevice Research.
While a staggering 32% of consumers have a bank or credit card assigned to their mobile handset, half of them have no security around it and 40% of them don’t care, considering convenience more important than security.
The arrival of m-Commerce has broadened the definition of “Merchant” within the marketplace. And with Visa predicting that 52 million mobile payments will be made per month by end of 2013, it is clear that mobile commerce is thriving. Here Tom Conlon, VP of Marketing and Business Development, VeriFone EMEA, (more…)