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Shoppers still aren’t sold on mobile payments for holiday purchasing

A recent Bankrate.com survey has shown that mobile wallet apps still won’t go mainstream this year.

The results of a survey conducted by Bankrate.com have now been released and have revealed that, for the most part, adults in the United States don’t plan to use mobile payments in order to pay for their holiday shopping purchases.

In fact, the research showed that only 14 percent of U.S. adults said they’d use a mobile wallet this holiday season.

Among the reasons the Bankrate.com survey found were standing in the way of the use of mobile payments by American consumers, there was one that stood out the most. Many shoppers simply don’t feel that using Android Pay, Apple Pay, Samsung Pay and other mobile wallets is safe. In fact, 36 percent of the participants in the survey said they were worried about the security of these mobile apps. The survey involved the participation of one thousand adults in the United States.

Aside from security, another concern people had about mobile payments was about convenience.

Another 31 percent of the survey’s respondents said that they felt that other types of payment method would be more convenient for them to use than mobile wallets.

While Apple Pay, the mobile wallet from the iPhone maker, saw a great deal of media attention when it first debuted in the United States, last year, it hasn’t seem to have taken on a very powerful charge as many had expected. Some had predicted that Apple would pave the way for smartphone based payments as a whole. However, none of the wallet apps have really caught on with mainstream consumers.

The data from this survey only further underscored the great distance that this mobile technology has ahead of it before it can be considered to be a major part of the transaction industry in the country.

Still, as much as mobile payments may not be here yet, it is still expected that they will one day play an integral role in the American retail transaction system experience and that this day will not be long off. The shakeup has already begun as many retailers update the point of sale tech.

The “Best New Wearable Technology Device” has now been officially named

With a large number of different wearables on the market, it was the Sensoria Smart Socks that took the prize.

Though the majority of people picture fitness trackers and smartwatches when they think about wearable technology, it was a type of footwear that managed to take home the top title in the category from IDTechEx Printed Electronics USA 2015.

The event was the largest printed electronics and sensor event that has happened anywhere on the globe.

Though the competition was fierce, the “Best New Wearable Technology Device” that was named at the event was the Sensoria Smart Socks. They Printed Electronics Award was given to the footwear that was infused with textile sensors. The award itself was a recognition of the innovation, development and success of the company behind the wearable device.

Among the judges that determined that the smart socks should be the winner were several well known names, such as the U.S. Olympic Committee Senior Sports Technologist, Dr. Mounir Zok, PhD, as well as the London College of Fashion’s Head of Fashion Innovation Agency, Matthew Drinkwater. The award was presented to Sensoria by Henri Richard, the senior vice president of Sandisk Corporation.

This title is a highly coveted one by newcomers to the wearable technology industry that have released their first product.

According to the Sensoria CEO, Davide Vigano, “It’s such an incredible honor to be chosen for this award and especially by such an esteemed group of industry leaders.” He went on to explain that the team at Sensoria spent four years in research and development for the creation of their wearables in the form of smart socks. They had several challenges to overcome in order to ensure that they would be not only practical and functional but also comfortable for the wearer.

The final version of the wearable technology socks was created in order to ensure there would be a number of different potential applications throughout several industries, such as in fitness, sports, and even medicine. The smart socks have three soft, thin textile pressure sensors embedded within them. Any data collected from the socks is transmitted by a magnetic Bluetooth smart anklet that snaps onto the socks and wirelessly sends the info to the Sensoria mobile app.

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