A new study shows that mobile commerce has surged 63 percent in the past five years. The survey, released by Cheil Worldwide, also revealed that 40 percent of smartphone owners made a purchase with their device sometime in 2013. Another 55 percent opted to use...
China is looking to create a national mobile-payment platform that would render cash, credit cards and other physical forms of payment obsolete. While details of the system are unclear, RT cited China Daily as saying that China has been testing a working platform since 2013. The...
PayPal President David Marcus voiced frustration in a recent memo to employees at the company’s San Jose office. He cited an alleged lack of interest among employees in using PayPal’s service, VentureBeat reported on Feb. 12. “It’s been brought to my attention that when testing...
Virtual Piggy, developer of the youth-oriented online wallet Oink, says the Discover Network will power its service. The company will launch the updated service in the U.S., followed by launches in Europe and Asia later in 2014, according to a company statement. “Discover and Oink...
2013 marked an important mobile payment’s “first,” with tablet payments comprising almost half of all mobile commerce. Today, Javelin Strategy & Research released Mobile Payments Market: Tablet Payments Surge as Overall Mobile Retail Sales Top $60 Billion which provides an in-depth study of the mobile...
A senior J.P.Morgan official wrote in a recent note to clients that Bitcoin is a risky investment and may be too dangerous to function as a viable currency. John Normand, JPM’s chief global FX strategist, wrote that, “As a medium of exchange, unit of account...
In a TV news interview this week in Detroit, a former hacker spoke about his experience as a credit card thief, but suggested it was all for fun, at least from his perspective. The man did not give his name but said that he had...
Merchant Customer Exchange (MCX) has signed a deal with Paydiant that will integrate its white-label, cloud-based platform with MCX’s mobile commerce system. MCX members can now utilize mobile payments solutions and launch mobile point-of-sales terminals through the group’s system, the company said in a Feb....
For the first time, smartphone sales worldwide exceeded those for regular phone devices last year, according to new research from Gartner. Out of the 1.8 billion phones sold in 2013, 968 million of them were smartphones. This represents a 3.5 percent increase from 2012 levels,...
