News about Report.
March 27th, 2015
22% of US mobile phone users made a mobile payment last year, up from 17% in 2013, research from the Federal Reserve Board reveals. The most common type of mobile payment was paying bills through an online system or mobile app, followed by online and in-app purchases, with in-store payments in third place, the Consumers and Mobile Financial Services 2015 (PDF) report found.
March 11th, 2015
More than 1.5bn airline boarding passes will be delivered via mobile by 2019, up from 745m this year, Juniper Research predicts. The figure will represent one in three of all passes issued.
March 5th, 2015
The number of victims of identity fraud in the US decreased 3% to 12.7 million in 2014 and total fraud losses declined to US$16 billion — a decrease of 11% from 2013 — a study from Javelin Strategy & Research has found. However, a series of high-profile card data breaches had a great impact on consumer purchasing decisions, with 28% of fraud victims saying they avoided affected merchants after the fraud, say the authors of the 2015 Identity Fraud study.
March 2nd, 2015
Active mobile money accounts worldwide grew 41% to more than 100 million in 2014, a report from the GSMA’s Mobile Money for the Unbanked programme has found. State of the Industry 2014: Mobile Financial Services for the Unbanked also reports that mobile money services are now available in 61% of developing markets — 84 out of 139 — with 255 services running in 89 countries worldwide. “Mobile is a key enabling tool for financial inclusion and over the last year we’ve seen significant growth in mobile financial services,” says GSMA chief regulatory officer Tom Phillips.
February 24th, 2015
An estimated 9.5m NFC-ready point-of-sale (POS) terminals were shipped worldwide in 2014, research from Berg Insight has revealed, and the company forecasts that the global installed base of NFC-ready POS terminals will grow at a…
February 19th, 2015
About 59% of US point-of-sale (POS) terminals will be EMV-enabled by the end of this year, research by Aite Group has revealed, with NFC distribution projected to “ramp at the same rate as EMV distribution,”…
February 18th, 2015
Brooklyn Museum has produced an in-depth report that examines the practical issues it experienced implementing and managing a network of Bluetooth beacons. Key concerns include installation of the beacon devices, difficulties keeping them in place and programming beacon signal strength. “We are still happy we went this route, but the practicalities have been difficult,” Shelley Bernstein from the museum says.
February 6th, 2015
Ten contactless transactions took place in the UK every second in 2014, The UK Cards Association has revealed, and total spending on contactless cards more than trebled to reach a record £2.32bn. In total, 319.2m…
January 30th, 2015
Over a quarter (25.8%) of the world’s online transactions now take place on a mobile device, up from 23.3% in the third quarter of 2014 and 37% up on the 18.8% recorded in the fourth quarter of 2013, Adyen’s quarterly Mobile Payments Index has revealed. “December showed the highest proportion of mobile payments at 26.6%, followed closely by November at 26.1%,” the study found.
January 14th, 2015
In-store mobile payments will increase by more than 1,000% worldwide this year with 5% of the world’s smartphones being used to make a payment in a store at least once a month, up from under…
November 25th, 2014
EMVCo has published A Guide to EMV Chip Technology, a report that provides an introduction to the EMV specifications and processes as well as the role of the technology within the wider payments industry. “Of particular interest to parties migrating to EMV Chip, it summarises implementation considerations for issuers, acquirers and merchants, as well as the responsibilities of EMVCo and its ongoing activity to advance the technology,” the standards body explains.
November 5th, 2014
There will be 604m users of wearable biometric technology globally by 2019, a new report from Goode Intelligence forecasts. “The next wave of consumer-led biometric adoption will be led by the integration into wearable technology — smartwatches, bands, earpods, jewellery and glasses,” the company says.
November 3rd, 2014
Toronto-based in-store marketing specialist Aislelabs has published an online comparison examining Bluetooth Low Energy (BLE) beacon hardware from 16 different vendors including Estimote, Kontakt and Gimbal. “Over the past three months, we have stress tested the beacons under many conditions, examining every aspect of them,” the company says. “This is the first and most comprehensive report of its kind.”
September 30th, 2014
NFC Technologies and Systems, a 98-page report that explains in detail the technology behind NFC tag reading and writing, the role and functionality of trusted service managers (TSMs), how secure elements work and how they…
September 5th, 2014
NFC Business Models, NFC World’s landmark 2011 research report on strategies for monetising NFC, is now available as a free download in the NFC World+ Knowledge Centre. “This 170-page report continues to provide many lessons that can be applied to advantage by businesses introducing mobile payments and digital wallet services today — and provides unique insight into how and why it has taken so much longer than expected for mobile payments to take off,” says author Sarah Clark.
September 4th, 2014
NFC World+ now has a Knowledge Centre which provides readers with in-depth reports, technical guides and market briefings on the technologies shaping the future of mobile payments and commerce. Sign up to the NFC World+…
August 26th, 2014
The Federal Reserve Bank of Boston has published Update on the US Regulatory Landscape for Mobile Payments, a summary of the latest meeting of the Mobile Payments Industry Workgroup (MPIW). “The industry and regulators are still trying to come to a common understanding about the different mobile technology solutions and how they impact the payments system,” the report found.
August 6th, 2014
The SIMalliance has set out its recommendations for UICC configuration and feature requirements for NFC payments in a new paper called UICC Configuration for Mobile NFC Payments v1.0. “One of SIMalliance’s greatest priorities is to continue to drive UICC interoperability,” says the association’s Frederic Vasnier. “Our sight remains firmly fixed on helping MNOs ease third-party access to their subscribers via NFC-enabled SIMs.”
August 5th, 2014
The number of UK contactless payments has risen 18% in just one month to almost 20 million transactions in May 2014, Visa Europe has revealed. “Growth in Visa contactless payments is accelerating at a phenomenal pace,” says Mark Austin, director of contactless at Visa Europe.
August 5th, 2014
The GSMA has published a discussion paper on how increased smartphone adoption in the developing world will impact the global mobile money industry. Enhanced user experiences, an accelerated pace of new product development and increased competition are all highlighted as likely developments by the Smartphones & Mobile Money paper.