A recent report by Mary Monahan, Javelin Strategies’ Executive Vice President and Research Director, Mobile, analyzes the U.S. mobile proximity payment market, covering payments made by consumers using a mobile device at a merchant’s physical location. Three years of actual historical data and a five-year forecast are provided. By 2019, it is projected that mobile proximity payments will total $54 billion.
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A new report entitled Mobile Wallets: The U.S. Landscape by Mercator Advisory Group identifies U.S. mobile wallets by category and technology.
The physical wallet might someday go the way of the checkbook, used by few and no longer a necessity. Growing consumer use of smartphones is creating a market for mobile wallets capable of serving many of the same purposes physical wallets served for centuries but now are able to take advantage of a plethora of new functions made possible in an increasingly digital marketplace. [Read more…]
We are at the beginning of a new technology cycle as consumer adoption of mobile and social media extends the reach of the web and integrates those media into the physical world.
Facebook is only eight years old, and yet its planned $5 billion IPO is the largest Internet IPO ever. As in every new technology cycle, network effects make room for new players and the creation—and destruction—of vast amounts of wealth.
The Gang of Four—Apple, Amazon, Facebook, and Google—is a group of network players entering the banking and payments environment. How will the strengths and weaknesses of the Gang of Four play against those of major financial institutions, payment networks, and wireless carriers? Surprisingly, PayPal rates on equal footing with the Gang of Four when it comes to innovation and emerges as a possible leader in the next tech cycle.
Research & Markets recently released a report entitled Positioning for Payments in the New Mobile-Social Technology Erathat focuses on the relationship of brands to consumer perceptions of trust, innovation, and privacy in order to identify opportunities and threats.
Primary Questions
Methodology
The report is based mainly on data collected online from a random-sample bank benchmark panel of 5,878 consumers in December 2011. The survey targeted respondents based on proportions of gender, ethnicity, age, and income representative of those of the overall U.S. online population. The margin of sampling error is ±1.28% at the 95% confidence level.
It is also based on a survey of 5,211 consumers conducted online in October 2011 on KnowledgePanel. This sample is representative of the U.S. census demographics distribution and is recruited from the Knowledge Networks panel. Data is weighted using 18+ U.S. Population Benchmarks for age, gender, race/ethnicity, education, census region, and metropolitan status from the September 2011 Current Population Survey (CPS) and household Internet access from the October 2010 CPS Supplement. The margin of sampling error is ±1.73% at the 95% confidence level.
Table of Contents
– Amazon, American Express, Apple, AT&T, Bank of America, Chase, Citibank, Discover, Facebook, Google, MasterCard, Microsoft, PayPal, Research In Motion, Sprint, Twitter, U.S. Bank, Verizon, Visa, Wells Fargo, zvelo
More information: Research and Markets
The Yankee Group has just released its free 17-page 2012 Annual Predictions Report, which looks into what the future has in store for the ever-growing mobility landscape.
Overview:
The world is in transition and in the year ahead, mobile will be both the protagonist and the subject of this instability. During the last five years, networks and the information they carry have plugged more than 2 billion new participants into the mobile economy. The winners in this landscape will be those players that can scale quickly and treat each user as a unique customer.
Report Highlights:
For more information and to download the report: 2012 Annual Predictions Report: Mobile
Luup today launches the first universal mobile payments platform. The launch is the result of the integration of the Temenos T24 core banking application and Microsoft BizTalk with Luup’s mobile payment services platform.
Luup CEO, Martin Wilson, explained: “We believe that Luup’s new payment platform heralds a major shift in the mobile payments sector. Through Luup, banks have the opportunity to serve corporate and retail markets using a single universal mobile payments platform. They can now offer mobile payment services in developed and emerging markets anywhere in the world through any mobile device and on any network. This is an industry first.”
The integration of market leading applications with Luup’s platform enables Luup to provide the most advanced mobile payments managed service available. It combines the scale to deal with large transaction volumes with the mission critical standards that banks require to meet regulatory and security requirements.
Martin Wilson continued: “Financial institutions require the capabilities, reliability and scalability of a bank-grade platform to capture a significant share of the predicted $426 billion market. As the only independent global provider of mobile payments, we have created an international remittance eco-system for banks and corporates, connecting senders and receivers of funds across the globe.”
For its solutions Luup has further developed leading technology from Temenos and Microsoft, including Microsoft BizTalk, to provide several business-enhancing functions.
Mark Gunning, Global Director, Banking Solutions at Temenos explained: “T24 is the most technically advanced core banking system available, used by hundreds of banks worldwide. Its integration into Luup’s universal platform for mobile payments means that financial institutions now have the unprecedented opportunity to get the mission-critical standard they expect – on the ubiquitous mobile channel. This co-operation between Luup and Temenos creates the most flexible, cost effective and scalable mobile solution on the market, which enables Luup’s customers to meet the challenges and opportunities of tomorrow.”
In addition, Luup’s managed service model enables banks to implement the service easily and at low cost and to scale-up as customers’ demand for mobile payments increases even further. There are already over 5 billion mobile phone users worldwide and the figure is constantly growing.
Karen Cone, general manager of Worldwide Financial Services at Microsoft Corp., commented on the announcement: “Mobile payments are set to change the shape of the payments world. Microsoft technology is used throughout the payments value chain – from payments channels like Windows Phone to mission-critical processing workloads. By running its solutions on Microsoft’s SQL Server and BizTalk Server, Luup provides its customers with workflow management and dynamic interfaces that offer enhanced management of payment services.”
Luup operates in developed and emerging markets, and offers financial institutions and corporates the opportunity to reduce costs and introduce new income streams. In global markets, Luup enables banks to offer new mobile services for their corporate customers, whilst amongst large unbanked populations in emerging countries, a branchless mobile banking service is being created to address the financial inclusion agenda.
Martin Wilson concluded: “Our independence, continued innovation, global reach and the desire to continue to deliver products that meet the needs of banks and their customers means that we are in the perfect position to help financial institutions capture new revenue from the rapidly growing opportunities available from mobile payments. Our expertise and strategic partnerships means that Luup is ideally placed to develop and extend its leading position in this market.”
Source: PR Newswire
Javelin Strategy Research has release a new report entitled: “Smartphone Banking Security: Mobile Banking Utilization Stalls On Consumer Fears.”
Mobile banking adoption has stagnated despite explosive growth in smartphone adoption from 2009 to 2011.
In 2009, one in four smartphone owners considered mobile banking unsafe. One year later, 40% of smartphone owners felt the same way.
As financial institutions push forward, offering innovative and convenient financial options to a new mobile generation, consumers are left questioning whether security was sacrificed in the rush toward innovation. In the context of the recent infiltration of malware into the Android Market, it is imperative that FIs reassure consumers that mobile security is a priority.
Primary Questions
For more information please click on:
http://www.researchandmarkets.com/product/704e3c/smartphone_banking_security_mobile_banking_u
Methodology
For this report, Javelin gathered data from three different surveys administered in 2010 – 2011. Each survey collected data from a base of 3,000 to 5,000 consumers, representative of the general U.S. population. They were interviewed on a range of topics including, but not limited to, fraud, security services, and technology adoption.
Audience: Financial institutions, mobile banking and marketing departments, credit card networks, credit card issuers, payment processors, mobile banking vendors, mobile payment vendors, mobile network operators, authentication technology vendors, authentication platform vendors.
For more information please click on:
http://www.researchandmarkets.com/product/704e3c/smartphone_banking_security_mobile_banking_u
Title Index:
– Overview
– Methodology
– Executive Summary and Recommendations
– Smartphone Adoption
– Stagnation of Mobile Financial Activities
– Security Concerns with Mobile Banking
What is a Killer App?
– Consumers Prefer Mobile Optimized Browser Sites
– Companies Mentioned
Table of Figures
– Figure 1: Smartphone Ownership, 2009 – 2011
– Figure 2: Consumers Who Have Mobile Banked in the Past 90 Days by Primary Bank
– Figure 3: Mobile Banking Use by Smartphone Users, 2010 – 2011
– Figure 4: Purchases Made via Mobile Devices by Smartphone Users, 2009 – 2010
– Figure 5: Smartphone Owners’ Perception of Mobile Banking Safety, 2009 – 2010
– Figure 6: Smartphone Owners’ Perception of Mobile Banking Channels, 2009 – 2010
For more information please click on:
http://www.researchandmarkets.com/product/704e3c/smartphone_banking_security_mobile_banking_u
According to Research and Markets, mobile banking adoption has stagnated despite explosive growth in smartphone adoption from 2009 to 2011, and the company attributes the slowdown to consumer fears over mobile banking security.
In 2009, one in four smartphone owners considered mobile banking unsafe. One year later, 40% of smartphone owners felt the same way. As financial institutions push forward, offering innovative and convenient financial options to a new mobile generation, consumers are left questioning whether security was sacrificed in the rush toward innovation.
In the context of the recent infiltration of malware into the Android Market, the company notes that it is imperative that FIs reassure consumers that mobile security is a priority.
Research and Markets has announced the release of a new Javelin Strategy & Research report entitled “Smartphone Banking Security: Mobile Banking Utilization Stalls On Consumer Fears.”
Primary questions covered:
Companies Mentioned:
More information: Smartphone Banking Security: Mobile Banking Utilization Stalls On Consumer Fears
Source: Business Wire
With over 2 billion users worldwide, mobile phone usage penetrates every core demographic of the world’s population. Research and Markets has announced the release of a new report entitled “ Mobile Banking and Payments.” The report assesses the role of the mobile phone as a banking device as well as a payment function. The report provides readers with the ability to:
After abandoning initial roll-outs a few years ago following poor consumer take up, banks worldwide are now re-entering the market. Mobile banking is an opportunity and a threat to established retail financial players. The first section of this report provides the business case for successful mobile banking. It presents the short-term solutions and the longer-term strategy needed to create a successful program.
Key Points Addressed in This Report:
Case Studies and Examples Include:
Key Topics Covered:
More information: Research and Markets – “Mobile Banking and Payments Report”
Source: Business Wire
MOBILE 2.0 Silicon Valley brings together experts and thought leaders from all aspects of the mobile ecosystem, including startups, investors, mobile carriers, device manufacturers, and mobile application developers and web technologists.
The MOBILE 2.0 Conference is a one day event to be held on September 1, 2011. This Year, The Mobile 2.0 Organizing Committee proposes to examine the impact of an “Always On, Always Connected” Mobile World. We will hold a morning plenary session with a series of panel conversations, followed by interactive workshops in the Afternoon.
Mobile 2.0 Silicon Valley is all about giving the audience the opportunity to learn, network and voice their views.
Agenda
“ALWAYS ON, ALWAYS CONNECTED — WHAT ARE THE CONSEQUENCES?”
08:00-09:00 REGISTRATION AND COFFEE
8:45-9:00 Welcome: Mobile 2.0 Coordinating Committee: Gregory Gorman, Tony Fish, Dan Appelquist
9:00-12:30 PLENARY SESSION & PANELS
09:00-09:15 Whose In the Driver Seat in Mobile?
Larry Berkin, Mobile Evangelist, Former, SVP, Symbian Foundation
09:15-10:05 Panel #1 What Will Change in A MultiScreen World? Native App vs Web?
Marc Davis,Partner Architect, Microsoft, Olof Schybergson, CEO, Fjord, Adam Boyden, President, Conduit, Michael Mace, CEO, Cera Technology
10:05-10:20 Surprise Startup
Interviewed by John Malloy, BlueRun Ventures
10:15-10:45 Coffee Break
10:45-11:35 Panel #2 Is The Cost of Innovation Changing? Can Small Companies Still Compete?
Mike Rowehl, Co-Founder, Churn Labs, Jeff Haynie, CEO, Appcelerator, Ted Verani, SVP, Trilibis Mobile, Raam Thakrar, Co-Founder, Touchnote
11:35-11:50 Surprise Startup
Interviewed by Michel Wendell, Nexit Ventures
11:50-12:40 Next Generation Advertising: What Are the New Models?
Michael Rubin, Executive Director, AT&T Interactive, Blair Swedeen, VP, Placecast, Dorrian Porter, CEO, Mozes, Evan Tana, VP, Shopkick
12:40-13.30 LUNCH
Steve Bratt, CEO, World Wide Web Foundation – Mobile Entrepreneurship in Africa
1:30-5:00 BREAKOUT SESSIONS
13:30-3:00
Workshop A: Next Generation Advertising. What Are The New Models?
Workshop Leaders: Evan Tana, Shopkick, Colm Grealy, Digital Reach, Eric Chan, Embee Mobile, David Kurtz, AT&T Interactive. Commentator: Christian Petersen, Cloudmade
Workshop B: What Developers Should Know About Monetization, Marketing and Analytics
Workshop Leaders: James Parton, Telefonica, Michael Oiknine, Apsalar, Peter Vesterbacka, Rovio, Larry Berkin, Steve Manning, Opera. Commentator: Sheena Chandrok, MoMo Seattle
Workshop C: Building Great Apps Using Mobile Web Standards
Workshop Leaders: James Pearce, Sencha, Matt Womer, W3C, Dan Appelquist, Vodafone, Commentator: Enrique Ortiz, MoMo Austin
3:00-3:30 Coffee Break
3:30-5:00
Workshop A: Multiscreen World/Native vs Web
Workshop Leaders: Phil Lenton Compsoft Plc, Ben Keighran, Chomp, Mario Tapia, Mobile Monday, Silicon Valley, Adam Boyden, Conduit. Commentator: Raj Singh, Mobile Guru
Workshop B: Cost of Innovation: Can Small Companies Still Compete?
Workshop Leaders: Mike Rowehl, Churn Labs, JT Buffmire, Sprint Emerging Solutions Group, Raam Thakrar, Touchnote, Jeff Haynie, Appcelerator. Commentator: Juha Christensen, Partner, Progression Partners
Workshop C: How to Design for Context in Mobile
Workshop Leaders: Olof Schybergson, Fjord, Peter Marx, Qualcomm. Commentator: Brian Fling, Pinch/Zoom
5:00-5:30 Thoughtful challenge : Soft SIM and the implications for breaking the Visa/Mastercard duopoly
5:30-6:00 Last Words, Wrap-up
6:00-7:30 COCKTAIL PARTY!!
For more information and registration: Mobile 2.0 Silicon Valley
Proliferation of mobile computing devices, such as, mobile phones, laptops, palm computers, and the rise in the number of supporting platforms, such as, Android, has resulted in the development of several killer mobile software and applications revolving around device customization, internet connectivity, and other mobile computer related activities.
With mobile computing devices quickly transforming from an emerging niche market to a mainstream force, changing not only the way people conduct business, but arguably the consumer electronics and telecommunication industry as a whole, the global market for mobile software, a key enabler of these mobile devices continues to remain promising.
Growing popularity of mobile communication applications such as email, IM, mobile video, on device portals, Internet browsers, Internet web, and social network clients, multimedia applications such as presentation viewers, video players, audio players, graphics/image viewers, word processors, and spreadsheets, among others provides tremendous opportunities for global mobile software market.
Growing use of smartphones especially opens up the channel for development of innovative software and consumer applications, driving demand for next-generation mobile software. Top consumer mobile applications for upcoming years, including Location-Based Services, Money Transfer, Mobile Browsing, Mobile Health Monitoring, Mobile Search, Near Field Communication Services, Mobile Payment, Mobile Instant Messaging, Mobile Advertising and Mobile Music are all expected to drive present substantial market opportunities for mobile software market in the years to come. Location based services such as Location Enabled Search and Location based Social Network Services in particular are expected to increase in popularity over the next few years, thereby driving gains into the market.
The Asia-Pacific region is the most prominent regional market for mobile software. Growth in the Asia-Pacific mobile software market is particularly driven by growing craze for smartphones and other mobile devices in emerging markets such as China and India. Increased demand for mobile email and other Internet enabled services within the burgeoning corporate sector in these countries also augurs well for the market. User Interface (UI) and Applications represent the largest product segment, while Mobile Device Management (MDM) market represents the fastest growing product segment, waxing at a CAGR of more than 23% over the analysis period.
Major players in the marketplace include ACCESS Co. Ltd., Apple Inc., Electronic Arts Inc., Google Inc., InnoPath Software Inc., Microsoft Corporation, MFormation Technologies Inc., Nokia Corporation, Red Bend Software Inc., Research In Motion Limited, Smith Micro Software Inc., Sybase Inc., The Symbian Foundation, among others.
A new research report entitled “Mobile Software: A Global Strategic Business Report” has been released by Global Industry Analysts, Inc., The report provides a comprehensive review of market trends, issues, drivers, company profiles, and key strategic industry activities.
Market estimates and projections are presented for major geographic markets including North America, Europe, Asia-Pacific and Rest of World. Product segments analyzed include – User Interface (UI) and Applications, Application Execution Environment (AEE) and Operating System (OS) Software.
More information: Mobile Software: A Global Strategic Business Report
Source: PR Web
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