Monday, July 30, 2012

Mobile Commerce News Weekly – Week of July 29, 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

AuthenTec, a U.S. mobile and network security provider has agreed to be acquired by Apple.  One of its key offerings is fingerprint sensor, which can be used for authentication and security in mobile payments by phones, and is seen by some analysts as a target of Apple's purchase. Read Original Content

In India, the number of bank transactions through mobile devices grew over two-and-half times to 3.34 million in May 2012 from 1.28 million in May 2011, according to the Reserve Bank of India. Read Original Content

Charlie Miller, a principal research consultant at security company Accuvant, demonstrated on July 25 how NFC can be used to hack into a smartphone and access user information. 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

M-commerce has quickly been adopted by 37 percent of U.S. consumers and is heavily driven by women and younger consumers (25-34). Driven by the popularity of mobile devices and the comfort consumers have found shopping on them, mobile commerce will continue to grow. Read Original Content

Worldwide Olympic and Paralympic partner for the London 2012 Games has announced mobile payments will be featured throughout the events to draw attention to the latest innovations for completing transactions and transforming the way money is exchanged and managed. Read Original Content

Mobile and online payments company payvia has come up with a new mobile payments solution. According to the company, it now offers a convenient option that complements merchant checkouts to reduce abandoned transactions, increase conversions and deliver more paying customers. Read Original Content

According to a new comScore’s study featuring five European markets (France, Germany, Italy, Spain and the U. K.), the EU5 mobile retail audience nearly doubled over the past year, with one in six smartphone users accessing online retail sites and apps on their device. Read Original Content

Private sales etailer BrandAlley has announced a 20 percent uplift in revenue over the first half of 2012 to £14 million – driven by mobile shopping. Read Original Content

The m-commerce market is expected to account for 24.4 percent of overall e-commerce revenues by the end of 2017. This represents remarkable growth in 2011, when the mobile online commerce market doubled in size to $65.6 billion. Read Original Content

When it comes to the value of shoppers new data from Greystripe indicates those unseen mobile shoppers may be more valuable to brands than those who aren't interacting through mobile. The report finds 9 percent of mobile shoppers regularly write product reviews compared to 31 percent of traditional shoppers. Read Original Content

As NFC becomes standard, the NFC retail payments market is expected to exceed $180 billion globally by 2017, more than a seven-fold increase over 2012, according to a new report from Juniper Research. Read Original Content

More than one-third of U.S. consumers are active in m-commerce, with women and consumers in the 25-to-34 age bracket identified as early adopters, according to the Consumer Electronics Association. Read Original Content

Despite numerous trials and deployments of NFC-enabled payment terminals in the U.S., mobile payments are still two to three years away from becoming mainstream, Visa’s head of mobile Bill Gajda told CNET. Read Original Content

Whitepapers of Note

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

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.

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.