Tag: us mobile commerce

Turbulence rocks mobile commerce partnership

| June 1, 2013

Mobile commerce deal between VeriFone and the Taxicab Commission goes sour

VeriFone, a leading developer of point-of-sale technologies, has been making strong progress in the field of mobile commerce recently. The company has seen the demand for mobile point-of-sale systems grow in recent years and has been working to accommodate the needs of its customers, many of whom have shown aggressive interest in mobile payments. VeriFone recently entered into a deal with the Taxicab Commission of Washington D.C. The partnership had started relatively well, but soon encountered significant problems that eventually lead to significant turbulence.

Mobile commerce is growing in popularity, but problems still exist

While mobile commerce is one of the fastest growing industries in the world, not all of the news that comes from this field can be good all the time. The partnership between VeriFone and the Taxicab Commission is one example of this and the partnership may serve as an example of the perils that exist in the mobile commerce field. Due to the relative youth of mobile commerce, the challenges that companies face in this field are still somewhat unknown and partnerships that run into these challenges may be able to provide some degree of insight on how such challenges can be overcome or avoided altogether.

Mobile commerce partnership goes sourPartnership had sought to bring mobile commerce into taxi transportation

The partnership between VeriFone and the Taxicab Commission was meant to install smart meters into the cabs that operate in Washington D.C. These smart meters would facilitate mobile payments, allowing consumers to pay cab fares with their mobile devices rather than traditional forms of currency. The adoption of smart meters was considered a good business move due to the growing number of consumers that are becoming more reliant on their smartphones and tablets. The Taxicab Commission had initially been enthusiastic regarding the partnership, but quickly sought to back away from the deal it had made with VeriFone.

VeriFone notes strong interest in mobile commerce field remains clear among many companies

VeriFone is now claiming that the Taxicab Commission owes the company as much as $18.5 million. Most of these expenses come from cancellation fees that had been negotiated prior to the finalization of the partnership between the two companies. While the partnership between the two companies has fallen through, VeriFone notes that mobile commerce is still a field where many merchants and other businesses are showing a great deal of interest.

Mobile commerce shows strong growth in the US and Europe

| May 28, 2013

Consumers showing aggressive interest in mobile commerce

Mobile commerce has been growing more common throughout the world. Consumers have already shown that they are very interested in the benefits that can be found through mobile technology, with more people using their smartphones and tablets for their daily activities than ever before in the past. As consumers become more involved in the mobile space, their perspective and interests in the realm of commerce is beginning to change. The changing interests of consumers has helped propel mobile commerce to become one of the fastest growing industries in the world.

PayPal documents rise of mobile wallets

PayPal is one of several companies that have involved themselves in mobile commerce. The company is better positioned than most to address the changing needs that consumers have in the mobile space as it has long been involved in the realm of e-commerce. PayPal notes that consumers are beginning to adjust more aggressively to the idea of mobile commerce, especially in the U.S. where approximately 86% of consumers are eager to abandon traditional wallets for the electronic variety, according to PayPal.

U.S. and Europe Mobile Commerce GrowthEurope shows strong growth in mobile commerce

PayPal has released a new study highlighting the changing interests of consumers and their willingness to participate in mobile commerce. The study shows that consumers are now willing to make use of mobile commerce platforms rather than rely entirely on more conventional forms of commerce. While U.S. consumers have shown that they are willing to embrace electronic platforms, mobile commerce is showing the strongest growth in Europe. PayPal notes that in Germany alone, some 90% of consumers are ready to make use of mobile wallets.

Mobile wallets are capturing the interests of consumers

Mobile wallets are simple, yet effective mobile commerce platforms. These wallets exist as applications that store a consumer’s financial information. Mobile wallets have seen some criticism in the past due to lackluster security features, but concerns regarding security have not yet been enough to keep consumers away from mobile commerce.