Tag: mobile commerce news

Report sheds light on the influential parties that exist in the mobile payments world

| March 21, 2014

Forbes Insights teams with Appinions to examine the mobile commerce space

Forbes Insights has partnered with Appinions in order to release a new study concerning the mobile payments phenomenon. The study aims to shed light on which companies and people have the most influence on the mobile commerce sector. The study makes use of the Appinions platform, which is designed to track trends and pertinent information in the digital world. Mobile commerce has become very popular, but the field is quite competitive, making it somewhat difficult to identify those that have established a strong presence within the market.

Appionons platform allows Forbes Insights to examine digital conversations concerning mobile commerce

Using the Appinions platform, Forbes Insights was able to examine more than 2 billion documents pertaining to mobile payments in some way. This information covered blogs, news postings, forums, and social media updates between December 6, 2013 and March 7, 2014. In examining this data, Forbes Insight has been able to provide Influence Scores for organizations that were active in the mobile commerce space.

Apple is considered one of the most influential groups in mobile commerce

New Mobile Payments StudyAccording to Forbes Insights, there has been a significant increase in the conversations relating to mobile payments thus far in 2014. Many of the conversations that have to do with mobile commerce are being centered on Apple’s interest in the sector. Apple CEO Tim Cook recently announced the company’s interest in mobile commerce, which sparked a great deal of speculation concerning Apple’s approach to the sector. Apple has no interest in using NFC technology to facilitate mobile purchases, but it has been reportedly working on a platform that will make payments possible through its various mobile devices.

Several companies have attracted a great deal of attention from mobile consumers

Notably, Apple, Google, PayPal, Amazon, and Satrbucks are companies that have significant influence in the mobile commerce sector. These companies are generating a great deal of hype behind the idea of shopping for and purchasing products online using a mobile device. Conversations concerning these companies and the role they play in the mobile field have been growing at a rapid pace.

Merchants are becoming more conscious of mobile payments security

| March 20, 2014

Security is attracting more attention from merchants engaging mobile consumers

Merchants are beginning to become more aware of the dangers that exist in the mobile and digital spaces, according to the results of the 2nd Annual Mobile Payments and Fraud Survey conducted by Kount, The Fraud Practice, and CardNotPresent.com. These dangers have existed for some time, but merchants have been blind to them as they rushed to enter into the mobile commerce space. While mobile commerce has become quite popular, it has also become quite a risky thing to participate in because of the lack of security that exists on many popular platforms.

Survey shows that many merchants are participating in mobile commerce, but few have adequate security in place

According to the survey, 66% of merchants around the world now support mobile commerce. Mobile commerce support among merchants is expected to rise by 30% annually over the next few years. Merchants are becoming more comfortable with the mobile space as they begin to expose themselves to consumers that primarily shop and purchase products from smartphones and tablets. These merchants are working to become more accommodating to these consumers in the hopes of remaining relevant with changing consumer behaviors.

Mobile commerce continues to be a risky field

Mobile Payments - Merchants concerned about mobile securityThe survey shows that nearly a third of merchants consider the mobile space to be more risky than e-commerce. Mobile commerce has become a popular target for hackers because of the trafficking of financial information. This information can be somewhat easily accessed by hackers because of the lackluster security that exists with most mobile commerce platforms. While this has become a major concern for merchants, it has also caused many consumers to avoid mobile shopping.

As security improves, consumers are likely to become more active in mobile commerce

As merchants become more conscious of the risks that exist in the mobile space, they are beginning to take security more seriously. This means introducing new features to popular mobile commerce platforms that merchants have designed themselves. More security is expected to increase consumer spending in the mobile field because they will feel more confident in the safety of their financial information.