Tuesday, July 17, 2012

Mobile Commerce News Weekly – Week of July 15, 2012

The Mobile Commerce 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.

Also read Enterprise Mobility Asia News Weekly
Also read Field Mobility and M2M News Weekly
Also read Mobile Marketing News Weekly
Also read Mobile Health News Weekly
Also read Mobility News Weekly

Mobile-payment transactions are expected to exceed $600 billion world-wide by 2016, according to market-research firm Gartner Inc., up from $172 billion this year. Read Original Content

Mobile spending in western Europe is set to increase eleven fold to €19.2 billion in 2017, according to a study from Forrester. By 2017, mobile will account for 6.8 percent of total online sales — lagging just slightly behind the U.S. Read Original Content

PayPal recently announced consumers with Android devices can pay at Starbucks using its payment service and also announced a deal with GE Energy to become the exclusive payment provider for the GE WattStation Connect mobile app. Read Original Content

Verivo is a leading provider of enterprise mobility software. Verivo helps companies accelerate their business results. Its unique technology empowers teams to build, deploy, manage and update their mobile apps -- rapidly and securely. Verivo’s mobility platform is used by hundreds of companies in numerous industries, worldwide. This newsletter is sponsored in part by Verivo.  To learn more, visit www.verivo.com

U.S. based company Punchcard has teamed up with mobile payment service Wipit to offer businesses the ability to create loyalty and rewards programs for consumers who prefer contactless payment. Read Original Content

Research from IT specialist recruitment site CWJobs indicates 45 percent of IT professionals have witnessed a rise in demand for specialist tech pros with mobile skills. A further 79 percent expect the number of mobile roles in the banking and retail sectors to rise. Read Original Content


Juniper Research recently forecasted that contactless mobile payment transactions would reach $50 billion worldwide by 2014. Before the adoption of mobile payments reaches these numbers, there is a debate over the type of scheme that works best in practice and which mobile payment security method is the most robust. Read Original Content

DeviceFidelity, has been granted a patent by the European Patent Office for its ground breaking technology bringing mobile wallet solutions and NFC to smartphones and tablets such as the iPhone or iPad. Read Original Content

A report by Juniper Research estimates that one in four U.S. consumers are anticipated to use their NFC-enabled mobile phones to pay for goods in-store by 2017. This year it stands at just two percent. Read Original Content

When examining the mobile payments world, it is now being said that the revolution it has brought along with it for retail is comparable to that which was seen in 1958 when the first Visa was introduced by Bank of America in the form of the BankAmericard. Read Original Content

On Monday at the Kauffman Center for Performing Arts in Kansas City, Missouri, organizations' disparate pasts were of less consequence than their shared future. What lies ahead for the payments industry was the subject of GO - The Future of Mobile Payments, an event at which three industry experts shared the stage for a wide-ranging discussion. Read Original Content

With its new PayTooSafe account, PayToo, a Ft. Lauderdale, Florida-based mobile payment company, is trying to reach people hoping to use mobile payments to help build or repair their credit. PayTooSafe is the only free, secured mobile payment account that reports to the three main credit bureaus. Read Original Content

Samsung’s Galaxy S III hit the Sprint wireless network on June 21 of this year, and that handset became one of the first to offer 4G LTE connectivity for that wireless carrier. The handset delivers NFC, delivering wireless retail payment processing options through the Google Wallet app. Read Original Content

Apple has concerns over the security of NFC, and as a result, the iPhone 5 may not contain this highly anticipated feature. The real question is whether IT firms should have the same apprehensions as Apple, or embrace these virtual wallets with open arms. Read Original Content

LevelUp, a mobile payment software app created by Boston start-up Scvngr, said on Thursday that it would eliminate the fees that merchants love to hate. Read Original Content

Research firm IDC Financial Insights announced the results of a consumer survey showing mobile payments have more than doubled in popularity. Over a third of American now use smartphones and other handheld devices to pay for products and services, according to the report. Read Original Content

Whitepapers of Note


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

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Kevin Benedict, Mobile Industry Analyst, Mobile Strategy Consultant and SAP Mentor Alumnus
Follow me on Twitter @krbenedict

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