Tag: juniper research

Mobile payments growing rapidly among consumers

| April 2, 2013

Mobile Commerce Research mobile paymentsResearch shows that consumers are beginning to favor mobile payments

Mobile payments, especially bill payments, are becoming increasingly common among consumers throughout the world. More people are beginning to see the merits of mobile payments, considering mobile a more convenient form of commerce than traditional forms of payments. A recently study from Juniper Research, a leading market research firm, suggests that more than 200 million mobile consumers will be making mobile payments for bills by 2017. SmartDebit, a leading Direct Debit bureau, claims that this possible future is well on its way to becoming a reality.

SmartDebit sees a bright future for mobile commerce

SmartDebit has been tracking the growing trend of mobile payments among consumers, especially those in developed markets. A large portion of consumers in these markets make use of their smartphones or tablets in daily life, relying on these devices for social media, entertainment, and other services. As consumers become more involved in the mobile space, new forms of commerce are emerging, offering consumers the opportunity to forgo the use of traditional currencies and adopt a more virtual approach to the matter of commerce.

Bills and payments may be easier to manage on mobile devices

According to SmartDebit, mobile payments account for a significant portion of the payments that are made online by consumers. Transactions are beginning to move away from the PC sector and toward the mobile sector. SmartDebit suggests that consumers prefer to manage their bill payments and other transactions from a mobile device as these transactions can be made anywhere and at any time. As mobile commerce services become more available to consumers, the prevalence of mobile payments is expected to increase.

Mobile commerce gains allure as businesses support it

Investments coming from the retail industry and other sectors of the business world are helping propel mobile payments among consumers. As businesses become more accommodating of mobile commerce, it is becoming more likely that consumers will purchase products using their mobile devices in order to take advantage of the services that companies offer.

New mobile security guidelines introduced by PCI Security

| February 23, 2013

New Mobile Security GuidelinesPCI Security publishes guidelines for mobile security

The PCI Security Standards Council, a global forum for the development of payment security standards, has published new guidelines to help educate the world’s merchants on the issue of mobile security and how it relates to mobile commerce. Consumers have been growing more interested in mobile payments in recent years, creating significant demand for merchants to adopt mobile commerce systems. As these merchants become more accommodating of consumer demand, security is becoming an increasingly important issue.

Guidelines expected to help merchants make mobile commerce more secure

The new guidelines from PCI Security are meant to help merchants understand the complexities that exist in the world of mobile security. The guidelines may help merchants better protect their customers as they become more accepting of mobile commerce. PCI Security has put strong focus on mobile transactions that make use of payment card data, rather than transactions made directly through a bank account. Connecting a payment card to a mobile device is becoming more common, as consumers consider this a more convenient and secure way to participate in mobile commerce.

Mobile security will help secure growth of mobile commerce market

According to a recent study from Juniper Research, a leading market research firm, mobile transactions are expected to reach $1.3 trillion globally by 2015. This is four times higher than the current level of mobile transactions volume. The firm suggests that this steep increase in mobile commerce is due to businesses becoming more interested in ensuring they can accommodate the needs of mobile consumers. In order for this growth to become a reality, however, businesses will have to adopt better security features to protect consumers.

Evolving threats may make it difficult to ensure security

Mobile security continues to be a major area of concern in the realm of mobile commerce. PCI Security’s new guidelines are expected to help merchants adopt better security standards for their payment systems, but the constantly changing security landscape may make it difficult for businesses to stay up-to-speed with the most current threats that exist in the mobile space.