Mobile Payment Magazine

Research Report: Mobile Payment Systems and Solutions

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Payments have been evolving for thousands of years. From the age-old bartering system, to cash, to check to electronic forms of payments, people have found innovative and more efficient ways to make a payment. This evolution has resulted in a significant shift in the current mix of consumer payments: from primarily paper-based (cash or check) to increasingly electronic (e.g. credit, debit and pre-paid) payment methods. The rate of change and the movement to electronic payments has been accelerated by the explosive growth of payments being made in non face-to-face transactions.

Billed as the future of banking, the value of financial transactions carried out through mobile phones has been pegged at $245 billion worldwide by 2014. At the same time, the number of users carrying out transactions using mobile money is expected to total 340 million by 2014, equivalent to 5% of existing mobile subscribers across the globe.

Research and Markets recently released a report entitled “Commerce on the Go: Mobile Payment Systems and Solutions.” The report evaluates mobile banking solutions, mobile banking SWOT analysis, Google Wallet SWOT analysis, competition between e-wallet solutions, and provides an analysis of the opportunities and market for mobile payments in the United States.

Audience:

– Mobile Network Operators

– Mobile Software Developers

– OSS/BSS Solution Providers

– Handset and Tablet Manufacturers

– Mobile Payment Service Providers

– Content and Applications Aggregators

– Mobile Marketing and Advertising Providers

– Telecommunications Infrastructure Providers

Report Index:

Executive Summary.
Money Transfers.
Mobile Payments Developments in Emerging Markets.
The Role of the Devices.
The Role of Mobile Operators.
Banks Role.
Technologies.
Future Trends.
Features.
E-Marketing.
Challenges.
Management Challenge.
Customers Expectations.
Security Problems.
Technical Challenges.
Solutions.
Current Mobile Payments Systems the End of the Credit Card Era and the Rise of the Wallet.
ISIS wallet.
Google Wallet and its SWOT Analysis.
Google Wallet Challenges and how to overcome it.
PayPal and Google Wallet.
Visa Wallet SWOT Analysis.
Serve by American Express E-wallet and its SWOT Analysis.
Google Wallet Verses ISIS Wallet.
Comparison between Current Wallet Systems.
Advantages of the M-payments Systems.
U.S Telecommunication Market Analysis.
Conclusions.
Worldwide Mobile Payment Market Analysis 2012-2017.
U.S Mobile Payment Market Analysis 2012-2017.
Mobile Payment Drivers for the U.S Market.
Deployment Mobile Payment System..
The Current U.S Mobile Payment Systems.
Mobile Payment Ecosystem..
Mobile Payment Models.
The Mobile Payment Methods.
Features of the Mobile Payment Ecosystem..
Bumps on the Road for M-payment.
The Features of Mobile Payments in the US and its ROI
The Conversion from Credit Cards to Mobile Payments Challenges and Opportunities.
Business Challenges.
Mobile Payment Regulatory in the U.S.
Market Potential for Mobile Phone Devices in Latin America.
The Market for Mobile Phone Devices in Latin America: 2011 – 2016.
The Latin American Mobile Market.
Introduction.
The Market in the Past.
The Market in 2004.
The Market in 2005.
The Market in 2006.
The Market in 2007 to 2010.
Conclusions.
Mobile Payment Providers in Latin America.
U.S Mobile Payment Providers Analysis.
XIPWIRE.
Advantages of XIPWIRE.
XIPWIRE vs. PayPal Mobile.
Zong.
Mopay.
Luup.
Bango.
eServGlobal

For more information: “Commerce on the Go: Mobile Payment Systems and Solutions.”

Source: Research & Markets

Pyramid Research Offers Research Service Covering Best Practices in Mobile Payments

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Pyramid Research  identifies Mobile Payment opportunities with the Mobile Commerce Landscape Insight Pack , a new research service that combines Pyramid’s extensive database resources with high-level expert analysis.

The Mobile Commerce Landscape Insight Pack offers analysis on current trends and best practices in mobile payments in emerging and developed markets. The Mobile Commerce Landscape Insight Pack includes up-to-the-minute data and market forecasts, an in-depth research report and a live session with a senior Pyramid analyst, giving you quick and direct insight into key trends.

The service includes:

  • A Research Report delivered in PDF format
  • A Forecast Excel file containing all the data underlying the report
  • An Insight Session via telephone to be scheduled at your convenience

More information: Pyramid Research

Mobile Commerce Solutions and Market Opportunities Report

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Mobile commerce is exploding with solutions, applications, and services driven by emerging technologies, use cases, and business models. M-commerce is quite different from traditional e-commerce as the ecosystem and value chain are more dynamic and are evolving in a different manner than e-commerce as a whole. Research and Markets recently release a report entitled “Mobile Commerce Solutions and Market Opportunities,” which bundle is the most comprehensive research covering the market for mobile commerce solutions and market opportunities. The report addresses all key aspects of mobile commerce including contactless payments via NFC and other methods, the relationship between digital advertising and commerce, the effect of social networks and location on commerce, advanced technologies for commerce, and more.

Audience:

  • Mobile Network Operators
  • Mobile Software Developers
  • OSS/BSS Solution Providers
  • Handset and Tablet Manufacturers
  • Mobile Payment Service Providers
  • Content and Applications Aggregators
  • Mobile Marketing and Advertising Providers
  • Telecommunications Infrastructure Providers

Key Topics Covered:

  • Mobile Social Commerce: Social Media + Mobile Commerce Creates Market Opportunities
  • Google + Social Commerce: Evaluating Opportunities and Business Issues
  • Top Revenue Mobile Commerce Applications 2011-2016
  • Where is the Money in Near Field Communications?
  • Mobile Commerce 2011
  • Mobile Local Search 2011 Location-based Search Market
  • Mobile Value Added Service (VAS): Markets, Applications, and Opportunities
  • Near Field Communications (NFC) Markets: Challenges, Opportunities, and Market Forecast to 2016
  • M-Banking Markets and Opportunities
  • The 2011 Ultimate Guide to Location Based Services and Applications
  • Mobile Proximity and Location Based Advertising within Reach
  • Mobile Wallet: Location-based Commerce and Peer-to-Peer Payments
  • Mobile Marketing & Advertising: Challenges and Opportunities
  • Commerce on the Go: Mobile Payment Systems and Solutions
  • Mobile Marketing & Advertising: Challenges and Opportunities
  • Digital Signatures in Mobile Commerce
  • Local Search Meets Social Search

Consumers Embrace Mobile Commerce Globally

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Consumer engagement in mobile commerce has exploded, according to data from the Global Consumer Survey from MEF, a global community for mobile commerce and content.

As much as 91% of UK respondents have used their mobile device for commerce, to either research or purchase a product. The equivalent figure for Brazil is 79%, while the level did not dip below 72% in any of the markets surveyed. [Read more…]

Mobile Banking Markets and Opportunities Report Announced by Research and Markets

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Research and Markets  has announced the release of a new report, entitled “M-Banking Markets and Opportunities.”

Mobile banking refers to a client-server system that is specifically designed for mobile devices, allowing banking customers to use handheld devices to access their accounts, pay bills, authorize fund transfers, or perform other activities. Like many other m-commerce services, mobile banking services can be challenging and no single company has all the expertise required to develop and deliver compelling services on its own. This report evaluates the mobile banking ecosystem and mobile banking solutions including mobile payments, provides a SWOT analysis for Visa and competitors, analyzes solutions for Visa’s weak points, discusses mobile banking implementation, and evaluates the market, applications, and methods. [Read more…]

AisleBuyer Raises $7.5 Million in Series E Funding Round

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AisleBuyer LLC, a provider of mobile self-checkout and mobile commerce solutions, announced that it has raised $7.5 million in equity funding. This round of financing comes from AisleBuyer’s lead investor Old Willow Partners, LLC, which also provided the company’s first round of funding in 2010. Old Willow Partners is a founding investor in Magnitude Networks, Starbelly, Rivenet, InnerWorkings, Echo Global Logistics, Mediabank, Forseva and Groupon.

“With AisleBuyer launching retail brands representing 19,000 store locations this year alone, I’m excited to see the impact on the in-store customer experience,” said Rich Heise, Manager of Old Willow Partners. “AisleBuyer is disrupting the retail world through game-changers such as Card Capture, multi-channel checkout and other developments on the horizon.”

Following its first round of financing, AisleBuyer announced several new mobile commerce features, including the introduction of multi-channel checkout to its mobile self-checkout app. This addition allows shoppers to order items through a retailer’s website while simultaneously purchasing physical items in a store. AisleBuyer also recently announced its Card Capture technology, which allows customers to scan their credit cards instead of manually entering payment information.

“With nearly 60 percent of retailers adopting mobile store associate technology this year alone, it is clear that retailers recognize the importance of mobile in-store technology,” said Andrew Paradise, CEO of AisleBuyer. “We are poised to be a leader in the mobile payments industry with the opening of our Palo Alto office, the addition of several key team members and new product features.”

The funding will be used for product development, expanding the engineering and sales teams and rolling out new customers across the country.

Source: AisleBuyer

Mobile Money Network Announces UK Service, “Simple Tap”

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The Mobile Money Network (MMN) has announced what it calls “a common sense approach to buying products and services via a mobile phone.”  Dubbed “Simply Tap” the company says, the system will allow consumers with any mobile phone, on any mobile network and with any bank to buy anything from the retailers signed up to the service, wherever they are. [Read more…]

Global Mobile Transactions Forecast to Reach $1 Trillion by 2014

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New research forecasts predict unprecedented growth in mobile transactions worldwide, with the total value of global mobile transactions increasing from $162 billion in 2010 to $984 billion in 2014.

The research was conducted by Yankee Group, a Boston-based  technology research and consulting firm.

While the overall dollar figures are impressive, the firm’s consumer survey results also show that less than 10 percent of respondents would be willing to pay extra for mobile transaction services such as mobile banking, mobile coupons and mobile payments.

“Every silver lining comes with a big, dark cloud and the explosion in mobile transactions is much the same,” said Nick Holland, senior analyst at Yankee Group. “Although mobile transaction service usage is increasing phenomenally, consumers show little interest in paying any additional fees for them. If banks, mobile operators, card networks and retailers want to tap mobile transactions as a revenue stream, they’ll need to come up with more creative schemes than per-transaction fees.”

Yankee Group’s mobile transaction forecast tracks metrics on mobile banking, international and domestic remittances, contactless cards, mobile coupons and NFC communications. Other forecast findings include:

  • Asia-Pacific overtakes EMEA as the mobile banking powerhouse: In 2010, EMEA leads all regions with 42 percent of worldwide active mobile banking users, followed by Asia-Pacific (38 percent), North America (16 percent) and Latin America (4 percent); but by 2014, Asia-Pacific leads with 54 percent, followed by EMEA (32 percent), North America (10 percent) and Latin America (4 percent).
  • Mobile coupon usage explodes: The number of active mobile coupon users is expected to grow from 2.7 million in 2010 to nearly 35 million in 2014.
  • Near field communications (NFC) takes off: The number of NFC-enabled phones will grow from just 834,000 in 2010 to 151 million in 2014, a CAGR of more than 300 percent. Similarly, the value of NFC-based transactions will explode from $27 million in 2010 to $40 billion in 2014.

The report is entitled:  “A View from the Trenches: What Consumers Think of Mobile Transactions.”

Source: Yankee Group.

Hot Trends in Mobile Commerce InfoGraphic

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Nearly three-quarters (74%) of online retailers either already have or are developing a mobile strategy, according to the National Retail Federation’s digital division, and trendlines for mobile commerce are off the charts this year.

“Mobile Warming: Hot Trends in M-Commerce” is an informative infographic about mobile shopping trends and statistics, produced by Milo.com.

The company provides inventory availability information from local stores in real-time to find the best prices and availability for products in the shopper’s local area. The site will show what is in stock, where, and at what price.

Here’s just a sampling of some of the statistics:

  • 37% of smartphone users have made a non-mobile purchase on their mobile handset within the last 6 months
  • Top 10 mobile apps include: (1) 1-800-flowers (2) Amazon.com (3) Apple App Store (4) Barnes and Noble
  • PayPal’s worldwide mobile transactions have skyrocketed from $25 million in 2008 to $500 million in 2010

To view these statistics and more from Milo’s excellent infographic, visit: The Daily Bark

How to Ensure Secure Smartphone Mobile Payments

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Whether you’re a consumer, developer or investor delving into mobile payments technologies for personal or professional use, There are a number of important factors to consider when evaluating mobile payment technologies in the coming year.

Here’s your cheat sheet for owning your mobile transaction financial health. Ensure that your credit card information is:

  • Only sent to the venue’s POS system, rather than passing through third party services
  • Only stored on your phone, where it’s safest, and not in the cloud
  • Always encrypted when it is sent to the POS system, where the transaction is taking place

Read the full article, via CNN.