About 10 percent of all merchants accepted mobile payments last year.
This represented a jump of 50 percent compared to 2012 levels, a new report from LexisNexis showed. An additional 25 percent of merchants expect to integrate mPayments into their existing systems in 2014.
“Mobile-payment options and point-of-sale hardware are providing more business opportunities for small merchants,” Dennis Becker, LexisNexis vice president of corporate markets and identity management solutions, said in a statement. “Despite the surge in retailers using mobile payments to conduct business, we’ve found in our study the unfortunate correlation between the size of the business and the impact of mobile fraud on their business.”
Fraud for credit card users is relatively high compared with debit card fraud rates, and mobile merchants face an increased risk of identity theft, the study found.
Learn more about the LexisNexis study by reading the full press release here.
About 10 percent of all merchants accepted mobile payments last year.
This represented a jump of 50 percent compared to 2012 levels, a new report from LexisNexis showed. An additional 25 percent of merchants expect to integrate mPayments into their existing systems in 2014.
“Mobile-payment options and point-of-sale hardware are providing more business opportunities for small merchants,” Dennis Becker, LexisNexis vice president of corporate markets and identity management solutions, said in a statement. “Despite the surge in retailers using mobile payments to conduct business, we’ve found in our study the unfortunate correlation between the size of the business and the impact of mobile fraud on their business.”
Fraud for credit card users is relatively high compared with debit card fraud rates, and mobile merchants face an increased risk of identity theft, the study found.
Learn more about the LexisNexis study by reading the full press release here.
“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More