Mobile Payment Magazine

Consumers and Mobile Financial Services – Free Report

Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.

Verizon Will Have 33% of 376 Million U.S. Mobile Subscribers by 2014, Say Forecasters

December 17, 2010 by Mobile Payment Magazine

The United States will have 376 million mobile subscriber connections by 2014, with Verizon Wireless taking just over 1/3 of the market share, according to IE Market Research, a Canadian market intelligence and business strategy research and consulting firm.

The company’s report shows industry-average subscriber growth in the U.S. wireless market has held steady at between 5% and 6%, with Verizon, the largest operator, seeing its year-over-year subscriber growth decline from 7.9% in 2Q.2009 to 5.0% in 2Q.2010. Sprint-Nextel has been losing subscriber, with a year-over-year rate of -1.7% in 2Q.2010.

Positive EBITDA growth at both Verizon Wireless and AT&T Mobility in 2Q.2010. EBITDA growth rate (YoY) at Verizon Wireless was 7.8% in 2Q.2010, down from 9.4% in 2Q.2009. On the other hand, AT&T Mobility’s EBITDA growth was strong at 18.5% in 2Q.2010, up from 7.7% in 2Q.2009.

IE Market Research produces research reports on a variety of industries in markets around the world. The company’s Mobile Operator Forecast on the United States provides over 50 operational and financial metrics for the US wireless market, with 5-year forecasts at the operator level going out to 2014. Mobile network operators covered for the United States include: Verizon Wireless, AT&T Mobility LLC, Sprint Nextel Corporation, T-Mobile USA, Inc., Leap Wireless International, Inc. MetroPCS Communications, Inc., U.S. Cellular, and Cincinnati Bell Wireless.

Source: IE Market Research.

Visa “Tap to Phone” Adoption Grows Rapidly

Today, Visa announced that Tap to Phone has experienced a 200% increase over the past year.

Is Your Business PCI Compliant?

A simple guide answering some frequently asked questions as well as debunking a couple myths about PCI compliance.

Nets and Oberthur Technologies Offer Mobile Payments to Scandinavian Banks

Nets, a payments service provider in Northern Europe, and OT (Oberthur Technologies), a global provider of embedded security software products, services and solutions, are partnering to service banks with a financial platform to support future international mobile payment means in the Nordics.

Kohl’s to Launch Mobile Payments

Kohl’s (NYSE: KSS) announced today the nationwide launch of Kohl’s Pay, a mobile payment option which integrates the Kohl’s Charge private label credit card into Kohl’s mobile app. Kohl’s Pay allows more than 25 million active card holders across the country to pay for their in-store purchases with their Kohl’s Charge card directly from their mobile device. Kohl’s Pay also its customers to apply their Kohl’s offers, Kohl’s Cash and Yes2You Rewards with a single transaction right from the mobile device at checkout.

Apple in Talks with Banks to Develop Mobile Person-to-Person Payment Service – Update – NASDAQ.com

Apple Inc. is in discussions with U.S. banks to develop a mobile person-to-person payment service that would compete with PayPal Inc.’s popular Venmo platform, according to people familiar with the talks. The talks are ongoing, and it is unclear if any of the banks have struck an agreement with Apple, these people said. Key details […]