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Mobile Commerce News Weekly

Week of April 15, 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
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A new study from Juniper Research indicates NFC technology will facilitate transactions valued at $74 billion by 2015, as NFC is increasingly used to pay for goods in store, and for transport ticketing. This is over treble the estimated value of this market in 2011. Read Original Content

In RichRelevance’s “The 2012 Q1 shopping insights mobile study,” the company looked at how iPad shoppers are responsible for a solid chunk of browsing and buying on mobile. The study also looked at the buying habits of iPad owners, which has clear implications on how retailers should be developing tablet-specific efforts. Read Original Content

Intuit is extending its mobile commerce strategy with a new deal to acquire shopping application AisleBuyer. According to reports, Intuit and AisleBuyer have been piloting an integration of the app’s mobile check-out technology with Intuit’s products. 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

A new report from KPMG predicts that mobile commerce will grow by 97 percent per year over the next three years, with revenue from mobile commerce expected to hit £591 billion by 2015. Read Original Content


Nokia and Microsoft are jointly jumping onto the NFC bandwagon with the next version of the Lumia 610. Slated to debut in Europe sometime this summer, the new version of the 610 will be the first Windows Phone handset to let users pay for goods on the go via NFC. Read Original Content

NFC technology is slowly being incorporated into mobile phones to create an electronic virtual wallet. Simply pass your phone over a reader and money is extracted from your funds that are stored on a computer someplace else. Those who don't think this is a disaster waiting to happen do not understand technology. Read Original Content

mFoundry recently announced Conestoga Bank has successfully deployed its mBanking mobile banking solution. mFoundry's mobile banking solution is now used by nearly 10 million users across more than 650 financial institutions nationwide, including one-third of the top 50 banks in the U.S. Read Original Content

Authentify, a Chicago-based software company, has introduced a free app that people activate on their computers and smartphones to link to their online bank accounts. The service, called 2CHK and pronounced “two check,” allows bank customers who enroll to review their transaction details in real time via voice or text message. Read Original Content

Barclays has launched a service for customers and non-customers alike to transfer money via mobile phone. People have been signing up at the rate of 10,000 a day. Read Original Content

Best Buy is struggling as shoppers flock to online shopping. The decline reflects a cultural shift that is reshaping the retail world. All big-box stores, and Best Buy in particular, thrived in an era when comparison shopping meant physically going from store to store. The effort required of consumers was a kind of transactional friction. With the advent of mobile technology, friction has all but disappeared. Read Original Content

According to CNET News Executive Editor Paul Sloan, Facebook announced that they had purchased TagTile, a startup company that gives merchants a no-cost hardware device which customers can tap their phone on (provided they have already downloaded the TagTile mobile app) in order to receive coupons or other loyalty rewards. Read Original Content

The Royal Canadian Mint has invited software developers to make digital payment applications using MintChip, an R&D phase technology that will only be available to challenge participants. MintChip would require shoppers to load value onto a smartphone, USB stick, computer, tablet, cloud or other device and use that to pay instead of real currency. Read Original Content

Goodwill of Greater Washington has updated its free mobile application to allow customers to shop its four online channels: eBay.com, Amazon.com, Half.com and Shopgoodwill.com. With the original app, created in 2010, users could map Goodwill’s 14 area locations, donate money or read its fashion blog. Read Original Content

High-end merchants like Neiman Marcus and luxury brands like Burberry and Stella McCartney are adapting to the new virtual shopping scene, incorporating mobile apps, "augmented reality" and iPad link-ups that extend, rather than sully, the plush experience of their stores. Read Original Content

Mobile devices are everywhere, and users want to do everything on them that they do on their desktop. As the functionality increases so do the threats to the information stored on and accessed by the devices. The same dangers that plague the desktop world are exacerbated in the mobile world. Read Original Content

European regulators have begun investigating a mobile wallet business set up jointly by Everything Everywhere, Vodafone and O2, following complaints by three smaller operator. Read Original Content

U.K. mobile operator Orange has announced that it will expand its Quick Tap contactless payments service to NFC-enabled Android handsets, according to The Telegraph. Read Original Content

Shoppers on their iPads account for 89 percent of all dollars spent through mobile shopping sessions. Check out this infographic from RichRelevance which breaks down how often iPad users shop, how much they spend, what items they buy, and when they shop. Read Original Content

Recent Articles by Kevin Benedict
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You can follow me on Twitter @krbenedict and read my blog, Enterprise Mobility Strategies.

I have added a feature to my blog site that supports email subscriptions.  You can now receive all blog articles directly via email.  If you are interested, click here.

 


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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.

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More Stories By Kevin Benedict

Kevin Benedict is an opinionated Senior Analyst at Cognizant's Center for the Future of Work, SAP Mentor Alumnus, speaker, writer, and mobile and digital strategies expert. He is a popular keynote speaker, and in the past three years he has shared his insights into mobile and digital strategies with companies in 17 different countries. He has over 30 years of experience working with enterprise applications, and he is a veteran mobile industry executive. He wrote the Forward to SAP Press' bestselling book on enterprise mobility titled Mobilizing Your Enterprise with SAP, and he has written over 3,000 articles.

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