Thursday 26 November 2015 | RSS



    News about Research.

    Smartwatches to play key role in mobile banking

    November 24th, 2015

    Smartwatches will be used to access banking apps 10m times in 2017, rising to more than 100m times by 2020, Juniper Research predicts. “While wearables, including smartwatches and glasses, are not suited for conducting complicated financial instructions, wrist-based wearables will become a key device for multi-factor authentication,” the company says.

    28% of UK shoppers want beacons in-store

    November 23rd, 2015

    More than one in four UK shoppers (28%) would like retailers to know exactly who they are when they walk in using location-based technologies such as iBeacon, research by Harris Interactive for Salesforce UK reveals. “39% of high street shoppers would be willing to share data around their personal preferences with a retailer to receive a faster and more convenient service,” Salesforce UK says.

    Four in ten US consumers plan to make an in-store mobile payment this holiday season

    November 20th, 2015

    A total of 39% of US consumers surveyed by Research Now for Inside Secure say they plan to use their smartphone to make an in-store purchase during this holiday season, up from 33% last year. 17% of those who did not make a mobile payment last year say they plan to use a service like Apple Pay, Android Pay or Samsung Pay this year. More

    Biometrics for financial services to be worth US$657m by 2019

    November 10th, 2015

    The market value of biometric identification for financial services applications will increase from US$123m in 2015 to US$657m in 2019, research from TrendForce predicts. “The significant growth is mainly driven by innovations within the global finance industry,” the company says. “Among regions, Asia Pacific has the largest growth potential, followed by Europe.”

    Trustev reports on US adoption rates for Apple Pay versus Android Pay and Samsung Pay

    November 6th, 2015

    One in five US consumers (20%) with an iPhone that supports Apple Pay have tried the mobile payment service while 14% of those with a Samsung Galaxy S5 or S6 have tried Samsung Pay or… More

    US consumers prefer bank offered mobile wallets

    November 5th, 2015

    More than half of US consumers (51%) are likely to use a bank offered mobile wallet with the top challenges for mobile wallet adoption being fear of identity theft (68%) and merchant acceptability (33%), research from CCG Catalyst reveals. “45% currently use PayPal mobile, which was the most popular mobile wallet used by consumers who took part in the survey,” the company says.

    Mobile payments first choice for 8% of UK millennials

    November 5th, 2015

    Some 8% of UK millennials see mobile payments becoming their primary payment method over the next decade, compared with 80% choosing cards and 11% saying cash, research from Compass Plus shows. “Over 80% of the millennial respondents chose either a debit, credit or contactless card as the payment method they will use the most in 10 years time,” the findings reveal.

    Over 50s go contactless in the UK

    November 4th, 2015

    Seven out of ten over 50 year olds in the UK now have a contactless card and one in five use it up to three times a week, research from Saga reveals. “Seven out of ten worry about the security of contactless cards,” the company adds. “The survey shows that four out of ten people aged 80 to 89 have used their contactless card and, in fact, this age group are the least likely to worry about the security of contactless cards.”

    Ypsomed to offer NFC autoinjectors that let patients track medications with their mobile phone

    November 4th, 2015

    NFC technology is to be included in a new range of autoinjectors for patients with conditions such as rheumatoid arthritis who need to self-administer their medication via regular injections, enabling them to use their mobile phone to keep track of the medications they have taken, receive alerts when their next injection is due and access usage guidelines and refill instructions. More

    US consumers vote for banks to keep payments safe

    October 30th, 2015

    An “overwhelming majority” of US consumers (75%) say they most trust banks to keep their payments safe, an American Bankers Association survey has found. 4% most trust alternative payment providers such as PayPal and Venmo while only 1% most trust major retailers or telecom companies. 6% of US consumers have used a mobile app to make a payment, the survey found, with PayPal most popular (45%) followed by Apple Pay (42%) and Google Wallet (11%).

    Americans to spend $27bn via mobile payments in stores in 2016

    October 26th, 2015

    The total value of mobile payment transactions in the US will grow 210% in 2016 and nearly one in five smartphone users will make a mobile payment in a store next year, eMarketer’s latest proximity mobile payments forecast predicts. More

    Four in ten Apple Pay users make a mobile payment once a week

    October 26th, 2015

    More than seventy million US consumers (71.5m) have now made a mobile payment in a store or online, up from 61m in 2014, research by Mercator Advisory Group has found. Overall, 42% of all smartphone owners have made a mobile payment and half of those do so at least once a week. More

    Mobile to account for 20% of US POS payments by 2020

    October 21st, 2015

    US consumers will use their smartphones to make mobile payments at the point of sale five times a week by 2018 and, by 2020, 20% of POS transaction volume will be conducted via mobile devices, research from Carlisle & Gallagher Consulting Group reveals. “Mobile will account for at least 60% of US digital commerce revenue by 2020,” the company adds.

    US banks pilot mobile wallet authentication and issuance at the ATM

    October 21st, 2015

    PARTNER NEWS: ATM manufacturer Diebold has teamed up with HCE specialist SimplyTapp to offer banks a way to use their ATM network to add a layer of card present security to their mobile wallet provisioning… More

    Apple Pay accounts for 68% of all in-store mobile payments in US

    October 20th, 2015

    Apple Pay is used for more than two thirds (68%) of all in-store mobile payments in the US, research from Accenture reveals, and the number of North Americans aware of mobile payments has increased by… More

    Irish make over 2m contactless payments every month

    October 20th, 2015

    People in Ireland are now making over two million contactless transactions with Visa debit cards every month, Visa Europe has revealed, representing a rate of one contactless payment per second. “Adoption and usage of contactless cards in Europe continues to grow, most recently marked by more than one billion transactions across Europe in the last 12 months,” the payment network says.

    32% of US retailers to accept contactless by 2019

    October 16th, 2015

    Nearly a third (32%) of retail establishments in the US will accept contactless EMV card payments by 2019, Javelin forecasts. “In the next wave of card issuance, Javelin believes the speed and convenience offered by contactless EMV cards could be instrumental in gaining top-of-wallet status, as well as attracting and retaining more affluent customers,” says the research firm’s Michael Moeser.

    Zwipe raises $5m for fingerprint cards

    October 14th, 2015

    Zwipe, maker of a contactless payment card that includes an integrated fingerprint sensor, has raised US$5m in funding from Photon Future. “The Series B investment enables Zwipe to accelerate the commercialisation of its biometric authentication technology to finance further research and development activities,” the company says. The investment brings the total amount raised by Zwipe to $11m.

    One billion people make use of mobile banking

    October 13th, 2015

    More than 1bn mobile phone users will have used their devices for banking purposes by the end of this year, Juniper Research predicts. “This global user base is forecast to reach 2bn by 2020, by which time it will represent 37% of the global adult population,” the researchers add.

    Gemalto tackles card-not-present fraud with dynamic CVV codes

    October 13th, 2015

    PARTNER NEWS: Digital security giant Gemalto has launched Dynamic Code Verification, a payment security solution that replaces traditional, static three-digit security codes with a time-based dynamic CVV/CVC that changes every 20 minutes and can be… More

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