Tag: 2013 money 2020

MasterCard and Monitise come together to create new mobile payments platform

Partnership aims to develop a mobile commerce solution for financial institutions

MasterCard has announced that it has partnered with Monitise, makers of a popular mobile banking and payments platform. Together, the two companies will work to deliver a new mobile payments service that is designed to be used by financial institutions throughout the world. Financial institutions are beginning to feel pressure to engage mobile consumers more as these consumers become more reliant on their mobile devices. Without providing these consumers with mobile-centric services, they may seek out other institutions that accommodate their interests more effectively.

Financial institutions are feeling the need to accommodate the interests of mobile-centric consumers

Both MasterCard and Monitise have extensive experience in the mobile commerce field. Both companies currently have mobile commerce platforms that are available to the public and these platforms are used throughout the world. The new platform the companies are developing through their partnership is expected to have higher levels of security in order to help financial institutions address some of the concerns that consumers have regarding mobile commerce.

Security remains a major issue in the mobile commerce field, but consumers are still willing to shop from their mobile devices

Mobile Payments Partnership - MasterCard & MonitiseSecurity has been a problem in the mobile commerce field for some time. Because mobile commerce deals in the trafficking of financial information, it has become a very popular target for hackers and other malicious groups. Consumers have often criticized the mobile commerce platforms they have used in the past as not being secure enough. Several high profile cyber attacks on large retailers have also called into question whether the mobile commerce sector is taking security as seriously as it should.

Financial institutions that do not accommodate mobile consumers could become irrelevant in the future

While consumers are concerned for the security of their financial information, security concerns have done little to stop them from actually participating in mobile payments. The demand for convenient mobile commerce platforms has been growing at a rapid pace as consumers become more comfortable with the concept of mobile payments. Financial institutions that are unable or unwilling to accommodate this demand may find themselves becoming increasingly irrelevant to mobile-centric consumers.

Mobile Commerce Press will bring Money 2020 from Las Vegas to you

The chief editor will be in attendance at the massive event from October 6 through October 10.

After the tremendous success of the inaugural Money 2020 in 2012, this year’s event has exploded in its scale and standard, and Mobile Commerce Press Editor, Loreen Worden will be attending and reporting on the highlights throughout its length.

This year, Money 2020 expects nearly 4,000 attendees, which include over 300 CEOs.

The event will also feature over 1,250 companies visiting from an estimated 50 different countries from around the globe. Mobile Commerce Press will be reporting on the major occurrences throughout the event and will publish the latest news announcements in payments from sectors such as retail, advertising and marketing services and, of course, mobile.

This mobile commerce event will help define the upcoming trends in payments and financial services innovation.

Mobile Commerce Event - Las Vegas The Money 2020 for 2013 will take place in Las Vegas over 5 days that will be jammed with “incredible content, comprehensive exhibits and meaningful networking opportunities,” according to its official website. The in-person interactions will provide rich benefits for all of the attendees, which include everyone from startups to established solutions providers.

This event will is the largest current gathering of Emerging Payments & Financial Services innovators being held anywhere in the world. Mobile Commerce Press will be bringing each of the latest trends, news, and announcements to its readers directly from the event itself in order to provide valuable knowledge about the directions that businesses will be taking with the latest in payments offerings. This will help to remain ahead of the curve – and the competition.

The business ecosystem right now is on the cusp of a massive explosion in mobile commerce and payments. Though it has only just taken its first baby steps into this industry so far, the holiday season this year is expected to be a defining one, and the real “boom” is predicted to happen after that point. The foundation for these technologies and channels are already being laid and it is up to individual companies to keep up with the latest movements in this direction to make sure that they not only don’t fall behind, but that they stay up front.