Category: Mobile Commerce

The latest research indicates that it makes up only 0.01 percent of the total in the United States.

According to a report that was just issued by Javelin Strategy & Research, mobile payments using contactless technology at the point of sale (POS) made up only a tiny sliver of the total volume in the United States in 2012.

The report indicated that this technology was used for only 0.01 percent of the total POS volume in the U.S.

The research data showed that the total amount spent over contactless mobile payments was approximately $500 million. At the same time, though, the report did not see a grim future for this form of smartphone based transaction. In fact, based on their predictions, things are looking bright in that area.

The forecast made by the report is that there will be an increase in mobile payments at a CAGR of 61 percent.

According to Javelin’s predictions, the compound annual growth rate that will be seen for mobile payments using contactless technology will be 61 percent this year. This will mean that the method will experience growth at a rate that is higher than any other method. In fact, it is predicting that this trend will continue over the next five years, and that in 2018, the total volume will have reached 5.4 billion. This will mean that it will make up 0.13 percent of the total POS volume in the United States in that year.

A Javelin industry analyst, Aleia Van Dyke explained this trend by saying that the point of sale market in retail is experiencing a very rapid evolution, as the popularity of smartphones and mobile payments takes off. There is a much greater expectation from consumers today, as they feel that the retail businesses where they shop should be providing an enhanced shopping experience while inside the walls of the store through the use of smartphones.

The rapid implementation of mobile payments and other transaction options such as prepaid and gift cards have helped with the adoption of other technology based options, among consumers, according to Van Dyke. As a whole, retail POS purchases last year brought in $3.98 trillion. The prediction for five years down the road is $4.2 trillion.

American Eagle Outfitters makes it into the Keynote Systems top 10 out of 30 sites.

The teen fashion retail chain, American Eagle Outfitters has seen a considerable jump in the performance of its m-commerce website particularly because of its successful load completions and rapid loading time.

The website was recorded to have an average load speed of 11.23 seconds for its homepage.

Until the most recent Keynote Mobile Commerce Performance Index ranking was released, American Eagle Outfitters Inc. had never been included among the leading performers. This changed in the latest report, which included the statistics for the week that ended on April 7.

The retailer’s m-commerce performance rank leapt up by 9 positions due to some important changes.

This marked the first time that the retailer made it into the top 10, as it ranked tenth out of the thirty sites that are included on the index. This favorable ranking was achieved after the site’s m-commerce homepage loaded at an average rate 11.23 seconds. That same page was able to load successfully and completely 99.87 percent of the time.

When these two figures were brought together using the Keynote m-commerce ranking system, it scored the company a 741 out of a possible 1,000. The progress that the retailer made with their website performance was explained by one of Keynote’s mobile performance experts, Venkatesh Giri, who said that “American Eagle cut down extra page objects and optimized its site for a better mobile experience,” going on to explain that “Its mobile home page is serving up 30 objects which add up to 220 kilobytes.”

The retailer has been applying a number of design techniques for m-commerce websites that are known to be helpful in boosting performance. Cutting back on objects was a start, but they also used sprite files for all of the icons and images on the page, which allowed them to be saved as one, reducing server calls and therefore the time needed to load the page.

Giri said that slashing the number of unnecessary objects on an m-commerce page without sacrificing the functionality and look of the site is one of the most critical elements of optimizing for smartphones and tablets.