Tuesday, March 27, 2012

Mobile Commerce News Weekly – Week of March 25, 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

Bank of America is introducing a number of new mobile capabilities to meet the investment needs of Merrill Edge customers, allowing Merrill Edge iPhone users to deposit checks remotely using their mobile devices while iPad app users will be able to pay bills. Read Original Content

WIRED today announced the first-ever magazine advertisement utilizing NFC technology will appear in its April issue. Readers who own NFC-enabled Android smartphones can launch a mobile website allowing them to test-drive the new Lexus Enform with Safety Connect, Lexus’ in-car navigation and information service by simply placing their phone near the ad. Read Original Content

Square has launched a completely revamped smartphone application, rebranding its “Card Case” mobile payment app as “Pay With Square,” featuring a redesign that aims to improve local business discovery for prospective buyers. 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

Juniper Research has put forward a bold projection. According to the research titans behind the report, one in ten smartphone owners will use their handset to pay bills by 2016. Read Original Content

More than two-thirds of affluent consumers who own a smartphone have used their mobile device to shop for products and services, but since they prefer the in-store experience, luxury brands have to start creating humanistic experiences on mobile. Read Original Content

UK based mobile banking specialist Monitise is buying Clairmail, a U.S. based competitor, for $173 million. Combined they will serve 13 million customers worldwide, processing some $10 billion in payments weekly. Read Original Content

A recent study conducted by the Consumer Electronics Association reveals 37 percent of individuals who own a mobile device conduct some level of mobile commerce, ranging from making online or in-store purchases to seeking out coupons and discounts from certain retailers. Read Original Content

A new study by Juniper Research forecasts that NFC will facilitate transactions valued at $74 billion by 2015 as NFC is increasingly used for the payment of goods in-store and as transport tickets. This is more than treble the estimated value of this market in 2011. Read Original Content

The annual Direct Response Forum’s Q1 Merchant Survey showed that only 17 percent of retailers with m-commerce sites or apps saw mobile sales that made up more than 10 percent of their overall retail sales. Read Original Content

According to the latest Mind Commerce Publishing report, entitled “Mobile Location Commerce 2012-2017”, mobile commerce is predicted to achieve a 39 percent compound growth rate from now through the completion of 2017, as a result of the omnipresence of smartphones and tablet computers. Read Original Content

Google’s NFC-enabled mobile wallet has failed to gain much traction due to tremendous competition. Reports suggests that Google is considering sharing revenue with carriers like Verizon and AT&T in order to get them to adopt its technology and boost market share in the mobile payments market. Read Original Content

Last week the U.S. House Financial Services Subcommitee on Consumer Credit examined the growing trend of mobile payments. Members of the committee will hear from financial service experts on the technology behind applications like "Google Wallet" and the "PayPal Here" credit card reader, and the potential security issues raised by m-payments. Read Original Content

Kevin Benedict, Independent Mobile Industry Analyst, 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.