Tag: mobile commerce technology

Mobile payments firm embraces the iBeacon

LevelUp begins incorporating iBeacon into its overarching mobile commerce platform

LevelUp, a mobile payments firm that leverages QR codes as a powerful commerce tool, has announced that it has begun integrating Apple’s iBeacon into its platform. The iBeacon is gaining ground as a mobile commerce tool because it serves as a sort of alternative to NFC and similar technologies. The iBeacon utilizes Bluetooth technology to alert consumers of special deals being offered by retailers as soon as they enter a physical store. The service can also be used for a wide range of marketing and commerce initiatives.

LevelUp finds success through its use of Apple’s iBeacon

LevelUp added support for the iBeacon to its platform last month, but has only begun promoting this technology aggressively recently. During the initial testing of the iBeacon, retailers using the technology alongside the LevelUp platform reported a 22% increase in consumer spending. LevelUp notes that the transactions coming from its “lapsed” user base increased by an average of 63%. The introduction of the iBeacon technology into LevelUp’s platform has been well received among those that are using the platform.

The iBeacon could soon become one of the strongest mobile commerce tools available to businesses

mobile payments firm embraces mobile commerce toolThe iBeacon allows retailers to instantaneously engage thousands of consumers in a single store with special offers. The technology can easily notify consumers of when a loyalty reward is available to them and those using the iBeacon can access these rewards quite easily. The technology is meant to add more convenience to mobile commerce while offering those using it a better way to engage consumers in an effective manner. The iBeacon currently serves as one of Apple’s most promising mobile commerce tools, but the technology itself has yet to see extensive use in the retail sector.

iBeacon allows businesses to keep track of consumer behavior and adapt accordingly

Beyond providing some convenience to consumers interested in mobile payments, the iBeacon also allows businesses to keep track of information concerning consumer behavior. This information can be used for marketing purposes or help retailers better cater to consumers that are becoming quite reliant on mobile technology.

Mobile commerce competition expected to heat up

Amazon and eBay may clash in the mobile commerce field

Competition in the mobile commerce field is nothing new. Technology firms from around the world are competing with one another in order to develop the next great mobile commerce platform while retailers are working to engage mobile consumers through their own platforms. The popularity surrounding mobile commerce has lead to the emergence of a vast multitude of startup companies that seek to benefit from the success that can be found in the mobile field.

Both companies have high hopes for mobile commerce

Mobile commerce competition may reach a new high as two of the sector’s largest players begin to clash. Both Amazon and eBay boast of a commanding presence in the mobile commerce field. Amazon’s retail power and eBay PayPal division have made the two companies quite formidable, but the two had little occasion to clash in the past. Now that mobile commerce has become a global phenomenon and has shown no signs of slowing down, however, Amazon and eBay are expected to vie for supremacy within the field.

Mobile commerce competition heats upNew service from Amazon aims to make mobile payments more convenient

Amazon recently launched its Login and Pay service, which is meant to make mobile payments more convenient for online shoppers. This service is available to retailers and used to make retailers more accommodating of the needs of mobile consumers. The service itself is quite similar to that offered by PayPal and both Amazon and PayPal feature robust anti-fraud capabilities designed to make the mobile commerce sector somewhat more secure. Amazon may be able to compete with PayPal in the mobile space with its new service, especially as eBay focuses more on expansion rather than the development of new services.

Online sales in the US expected to reach $328 by end of 2016

In the U.S., online sales are expected to reach $327 billion by 2016. PayPal is currently the leading online payment processor, accounting for $7.7 million in transactions on a daily basis. There may be plenty of room for Amazon and eBay to grow into the mobile commerce field side by side, but the two companies share a large consumer base. Both appeal to the same demographic as one another, making it difficult for either company to exist in without competing with one another in some way.