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Spindle launches new mobile payments platform

| December 9, 2013

New application seeks to engage consumers and merchants

Spindle, a leading provider of white label payment solutions for financial service firms, has announced the launch of a new mobile application for merchants and consumers. The application is called MeNetwork360 and aims to combine location-based marketing with mobile payments. The marketing tools associated with the application are expected to be well received by merchants that are working to engage with mobile consumers. Location-based marketing campaigns tend to be more effective at capturing the attention of consumers with mobile devices than traditional marketing methods.

App could form a dynamic connection between consumers and merchants

The application is meant to represent a dynamic platform through which consumers and merchants can interact more effectively. For consumers, the application is designed to provide yet more convenience to mobile commerce, making it relatively easier for consumers to purchase products with their mobile devices and store digital information from retailers. For merchants, the application provides yet another avenue through which loyalty-based connection can be formed.

Mobile payments continue to gain popularity

Mobile App - Mobile Payments and Location-Based MarketingMobile payments have become quite popular with consumers and there is no shortage of mobile commerce applications currently available. The mobile commerce field is filled with companies, both old and new, fighting one another for the attention of consumers. This competition means that consumers have a great deal of options when it comes to mobile commerce services, but it also means that it can be difficult for a new platform to gain any amount of recognition from consumers.

Application likely to face strong competition

MeNetwork360 may have an edge over the competition in that it is not focused solely on consumers. By engaging merchants, the application may be able to gain significant momentum in the mobile commerce field, making it easier to gain exposure. The application is not the first of its kind to focus on both merchants and consumers, however, so competition is still likely to be fierce.

Mobile commerce breaks records on Cyber Monday

| December 9, 2013

Cyber Monday becomes the most successful online retail day ever

Cyber Monday has come and gone in the U.S. and the mobile sector experienced impressive growth on what is widely considered to be the most important day in electronics retail. IBM has released a new report concerning Cyber Monday of 2013, suggesting that it has become the largest online shopping day in history. Mobile commerce played a major role in the success of Cyber Monday and consumers have shown their strong interest in shopping for products online using their mobile devices.

Consumers show favor for mobile shopping

Mobile commerce has become a major interest to the retail industry. Many retailers were encouraged to take the mobile sector more seriously after the holiday shopping seasons of 2011 and 2012. Over the past two years, consumers have shown that they are not only willing to shop online with their mobile device but are quite eager to do so because of the convenience that it represents.

Online sales reach new heights

Mobile Commerce Report - Cyber Monday SalesAccording to the report from IBM, online shoppers in the U.S. spent more than $2 billion on Cyber Monday. A significant portion of this spending came from mobile devices. The report shows that online sales grew by 20% over what they had been on Cyber Monday in 2012. Consumers had reported that mobile shopping helped them avoid lines at physical stores and purchase products without having to worry about limited supplies.

Retailers show more interest in mobile commerce

Economic research firm IHS Global Insight released a report last week highlighting the growth of online sales during the 2013 holiday season. The report estimates that online sales for the whole of the holiday season will reach $81 billion by the end of this year. This represents a 12.5% increase in sales over what had been reported during the 2012 holiday season. Mobile commerce is expected to play a large role during the holiday season, especially as more consumers begin growing comfortable with the concept of purchasing products online with their mobile devices.