Tuesday, August 21, 2012

Mobile Commerce News Weekly - Week of August 19, 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

According to a new Forrester Research report, mobile banking will reach 108 million users in the U.S. by 2017, approximately 46 percent of all U.S. bank account holders. Read Original Content

Smartphones will drive more than $730 billion worth of purchases over the next five years, according to Juniper Research. Read Original Content

ABI Research data has shown that over the next five years, the total revenues from mobile apps – including in-app purchases and pay-per-downloads, as well as in-app advertising and subscriptions – will explode. In fact, they are predicted to grow from last year’s $8.5 billion to $46 billion by the end of 2016. 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

Mobile-payment transactions are expected to rise nearly fourfold over the next five years, exceeding $1.3 trillion, according to a new report from Juniper Research. Read Original Content

Fashion specialty retailer Nordstrom has jumped on to the mobile shopping bandwagon in style. The company has launched a free iPad app to help customers choose Nordstrom products easily and quickly. The app will enable customers to browse the store and choose products after trying various combinations in the Dressing Room. Read Original Content

McDonald’s is testing a mobile payment service featuring PayPal at 30 of its restaurants in France. Earlier this year McDonald’s ran demonstrations of a broader PayPal mobile payment service at its franchisee conference in Orlando, Florida. Read Original Content

A new study has found that parents with children under the age of 18 are more likely to use their smartphones for shopping activities than people without kids. Overall, 27 percent of parents made an online purchase using their smartphone compared with 17 percent of nonparents. Read Original Content

Dunkin’ Donuts is accelerating its position in mobile commerce with new iPhone and Android applications that lets consumers pay for beverages, food and merchandise at the point-of-sale. Read Original Content

Target, Walmart, Best Buy, 7-Eleven and about a dozen retailers on Wednesday announced they have banded together to form a joint venture called the Merchant Customer Exchange, which will eventually create a mobile wallet system accessible through almost any smartphone. Read Original Content

Bank of America Corp and Wells Fargo & Co are rolling out more retail services accessed by mobile phones, including check deposits, as the banking sector races to cut costs in a tepid economy. 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.