Wednesday, January 19, 2011

Kevin’s Mobile Money News Weekly – Week of January 17, 2011

Kevin’s Mobile Money News Weekly is an online newsletter made up of the most interesting news, articles and links related to mobile payments, mobile money, e-wallets, mobile banking and mobile security that I run across each week. I am specifically targeting market size and market trend information.

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IMPORTANT! In the upcoming webinar, Implementing SAP Enterprise Mobility in Fortune 500 Companies-Ten Lessons Learned (January 25 and 27), Smartsoft Mobile will share the top ten lessons learned from implementing SAP enterprise mobility solutions in Fortune 500 Companies. If you are a systems integrator or an end user, you will value from learning what works and what doesn't work in deploying mobility solutions. This webinar will also include an overview of the enterprise mobility industry in 2011 by SAP Mentor Kevin Benedict.

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Mobile banking and mobile payments were pegged as two of Bank Systems & Technology's ten game changing tech trends for 2011. Consumers everywhere are flocking to banking services on smartphones, over text messages or through mobile browsers.

http://www.banktech.com/blog/229000115

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Mobile banking use is expected to soar by nearly 55 percent un 2011. While 17.8 million consumers used mobile banking last year, 27.4 million are expected to use it in 2011, and 53.1 million consumers are forecast to adopt it by 2013.

http://money.cnn.com/2011/01/12/pf/saving/smartphone_dangers/

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In app payments are now accounting for half the revenue generated for iPhone applications. Thirty-four percent of iPhone app revenue is now coming from "free" apps which later charge for extra features.

http://www.businessinsider.com/chart-of-the-day-half-of-iphone-app-revenue-is-from-in-app-payments-2011-1

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Consumers want mobile payment options and are willing to switch carriers to have them. Fifty-seven percent of consumers are interested in having mobile payments on their phone and 90 percent would pay for the service.

http://pymnts.com/90-of-consumers-would-pay-for-mobile-payment-options/?t

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Bigger merchants are breaking free of the confines of the cash register with mobile technology originally designed for mom and pop stores. For larger retailers, the payments benefits to portable card readers go beyond a simple increase in smartphone accessibility for customers.

http://www.americanbanker.com/issues/176_7/mobile-payment-acceptance-1031105-1.html

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Although few consumers make purchases using their phones, smartphones are playing a critical role in purchasing decisions. A recent study, which surveyed 10,000 visitors to top e-retailer sites, found that 11 percent of them made a purchase using their phones this holiday season, compared to only two percent at the same time last year.

http://content.usatoday.com/communities/technologylive/post/2011/01/why-mobile-shopping-could-be-as-big-as-online-shopping/1

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In 2010 mobile shopping activity began to have a noticeable influence on e-commerce sales. Then, during the holiday season consumers discovered that mobile phones helped them to stay within their budget and be more efficient in checking off the items on their holiday shopping list.

http://www.emarketer.com/blog/index.php/mobile-ecommerce-investments-pay-2011/

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Smartsoft Mobile empowers some of the world’s largest multi-national organizations to extend and improve business processes by providing mobile solutions to their employees and customers. Smartsoft has more than 700 experienced ERP/mobile consultants with over 5,000 man years of experience helping 400,000 plus mobile users achieve their business goals with powerful mobile B2B and B2C applications, designed and developed specifically for today’s popular consumer and industrial grade mobile devices. For more information please visit, http://www.smartsoftmobile.com/.  This newsletter is sponsored in part by Smartsoft Mobile Solutions.

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Consumers continue to use mobile technology as a shopping tool. Throughout December, 5.6 percent of all site visits were initiated from a mobile device, a 19 percent increase over November 2010. Further, 5.5 percent of all online retail sales came from mobile devices, a seven percent increase over November 2010.

http://www.ttkn.com/technology/december-2010-us-online-retail-sales-up-12-percent-over-2009-reports-ibm-7659.html

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The Barclays.mobi application, which allows customers to access their account on a smartphone, picked up the top mobile banking award at the 2010 Financial Innovation Awards show for 'transforming performance or customer service through technology – mobile and internet'.

http://www.benzinga.com/press-releases/11/01/p782114/barclays-mobile-banking-service-scoops-top-award

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Mopay Inc., a payment service provider for online merchants forecasts considerable momentum and movement in the global mobile payments industry in 2011. Mopay attributes this increase to increased consolidation and lower transaction costs.

http://www.mobilecommercedaily.com/2011/01/10/mobile-payments-industry-to-experience-monumental-growth-in-2011-mopay

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China Banking Corp. has launched its own brand of speed banking for people on the go with the debut of China Bank Online for Mobile – a mobile-optimized version of China Bank’s award winning internet banking service.

http://www.philstar.com/Article.aspx?articleId=646918&publicationSubCategoryId=74

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While the ATM was once the symbol of cutting edge banking technology, today’s customers want to manage their transactions from their mobile phones. More than 13 percent of households accessed their bank account via a mobile device in the second quarter of 2010. That’s up from 11.6 percent during the first quarter.

http://www.wbjournal.com/news48045.html

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For the first time, the United States has become the largest country in terms of absolute number of mobile bar code scans. This is based on the total number of QR code, Datamatrix and UPC/EAN scans recorded by 3GVision’s i-nigma system.

http://www.mobilecommercedaily.com/2011/01/10/us-leads-the-world-in-mobile-bar-code-usage-3gvision

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Bank of America plans to expand a mobile payments trial it is conducting in New York to include San Francisco and Atlanta this quarter, according to Michael Upton, the emerging channels capabilities executive at the Charlotte, N.C., company.

http://www.americanbanker.com/issues/176_8/mobile-payments-bank-of-america-visa-1031178-1.html

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The three wireless rivals AT&T, Verizon and TMobile created a joint venture called Isis that hopes to use near field communication chips embedded in next generation smartphones to replace your credit cards. But there are some big barriers facing the wireless giants.

http://www.publicradio.org/columns/marketplace/business-news-briefs/2011/01/behind_the_digital_wallet.html

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Kevin Benedict, SAP Mentor, SAP Top Contributor, mobile industry analyst and experienced mobile industry executive, offers both one and two day onsite workshops designed to educate and inform executives and management teams on enterprise mobility and mobile strategies for businesses. This workshop is designed to provide a complete overview of enterprise mobility and what it means to the business. The workshop is customized based upon the needs of participants. For more details visit http://mobileenterprisestrategies.blogspot.com/p/workshops.html.

Recent Articles by Kevin Benedict

SAP, Pacific Gas and Electric and ClickSoftware
Data Overload in a Mobile and M2M World
Mobile Expert Interview Series: Syclo's Jon Schmidt
Implementing SAP Enterprise Mobility in Fortune 500 Companies
Twitter and Tweet Convert - Kevin Benedict
Mobile Expert Interview Series: Leapfactor's Lionel Carrasco
Ninety Percent of IT Managers Planning New Mobility Applications
Mobile Expert Interview Series: Pyxis Mobile's T.L. Neff
Mobile Expert Interview Series: Sybase's Bryan Whitmarsh
Mobile Expert Interview Series: Sybase's Tony Kueh
Sybase's Strategy with John Chen - Version 2
Enterprise Mobility in Australia

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You can follow me on Twitter @krbenedict and read my blog, Enterprise Mobility Strategies.

Also available are:

Kevin’s Mobile Retailing News Weekly
Kevin’s Mobility News Weekly
Kevin’s M2M News Weekly

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I have added a feature to my blog site that supports email subscriptions. You can now receive all blog articles directly via email. If you are interested, click here.

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Kevin Benedict, SAP Mentor, Mobile and M2M Industry Analyst
Phone +1 208-991-4410
Follow me on Twitter @krbenedict
Join the SAP Enterprise Mobility group on Linkedin: http://www.linkedin.com/groups?about=&gid=2823585&trk=anet_ug_grppro

Full Disclosure: I am an independent mobility consultant, mobility analyst, writer and Web 2.0 marketing professional. I work with and have worked with many of the companies mentioned in my articles.