Tag: mobile payments

Swish set to show off new security solutions for mobile payments

| May 30, 2013

Mobile payments to benefit from new security solutions

Security has become a top priority for the mobile payments space. Consumers have shown that they are willing to embrace mobile payments systems, but still retain a great deal of concern regarding the security of their financial information. The security of mobile payments has been attracting more attention as mobile commerce sees more adoption. Many consumers continue to express worry over the security of their financial information, suggesting that modern mobile payments systems have yet to reach a point where they can be considered safe to use.

Security begins receiving more serious attention

As consumers continue to show worry over their security, companies invested in mobile payments are beginning to take the issue more seriously. Such is the cash with Swish, which has been involved in the mobile commerce space for some time. Like other companies in this sector, Swish considers security to be a major roadblock for mobile payments. As such, the company has been working to develop more comprehensive security solutions to provide consumers with some peace of mind. Swish plans to begin showcasing its security solutions at the end of this month.

Mobile Payments SecuritySwish intends to showcase security solutions at the end of the month

Swish is one of the first companies to introduce mobile point-of-sale systems to the Asian market. Mobile payments have found a great deal of success in this market due to the high penetration of mobile technology. While consumers have been showing that they are ready to embrace mobile commerce, many still consider the field to be insecure, which has slowed the progress that mobile payments could potentially see. Swish intends for its security solutions to boost the confidence consumers have in the sector.

Mobile payments becoming a popular target for hackers

The security of mobile payments is not only important to Asian consumers, of course, and those in other parts of the world share the same concerns regarding the security of mobile commerce. Because mobile commerce involves the trafficking of financial information through mobile devices, the mobile commerce field has become a very attractive target for hackers and malicious groups that may look to exploit this information.

MoPowered sees progress in UK mobile commerce

| May 30, 2013

MoPowered helps power mobile commerce growth in the UK

MoPowered, a software-as-a-service platform that was launched in early 2012, has announced that it has reached a significant milestone in terms of mobile commerce. The platform is designed to work with businesses and enable them to tap into the growing popularity of the mobile space. MoPowered has helped several businesses embrace mobile commerce in a significant fashion, allowing companies to accept and process mobile payments in a convenient way. MoPowered has teamed with companies like PayPal, WorldPay, and MasterCard, which has enabled it to see strong growth in the realm of mobile commerce.

MoPowered processes 300,000 transactions per day

MoPowered has announced that it now processes more than 300,000 mobile transactions on a daily basis. In the United Kingdom alone, the platform has access to some 80% of the country’s merchants. These merchants have shown a strong interest in engaging mobile consumers, largely due to the growing importance of smartphones and tablets. These devices have become much more than simple communication tools for consumers and they now represent a very important social and commerce tool as well. With consumers putting so much importance on their smartphones and tablets, businesses have been positioning themselves to connect with these consumers on a mobile level.

Mobile Commerce UKPlatform helps bring mobile commerce to businesses

MoPowered has helped enabled merchants to enter into the mobile commerce field, allowing them to compete with others that had already embraced this form of commerce as well as connect with consumers in a more dynamic way. Mobile commerce has managed to become a very active field in the United Kingdom, especially in regards to the retail sector.

MoPowered expected to continue seeing strong growth

MoPowered has established several strategic partnerships with many companies in the United Kingdom. NEXT is one of these companies and MoPowered is the sole provider of mobile websites and applications for this particular company. MoPowered is considered one of the driving forces behind the adoption of mobile commerce in the United Kingdom and is expected to continue forming strong partnerships with several businesses throughout the country.