Advertisement

mopay Looks at M-Payment Trends for 2011

Jan. 10, 2011

mopay, a payment solutions provider for online merchants based in Munich, Germany, recently released a report identifying several trends that will have a significant impact on the burgeoning mobile payments industry in 2011, including massive growth of the market in North America, increased consolidation and lower transaction costs. “This past year was a boom year for the mobile payments industry around the globe,” said Kolja Reiss, managing director of mopay, Inc. “With the foundational work that occurred in 2010 past us, 2011 is shaping up to be the year that mobile payments see widespread penetration around the globe.” During the balance of 2011, mopay expects several major trends the gather steam:

  • Major merchants, particularly e-commerce merchants will leverage AT&T and Verizon’s intention to open their networks by adding mobile as a means of payment, making it ubiquitous before the holiday season.

  • Consolidation and acquisition will accelerate as major industry players—credit card issuers, handset manufacturers, telecommunications companies and blue-chip Internet heavyweights—are likely to acquire top mobile payment providers.

  • Like Facebook Credits this year, alternate virtual currencies will continue to proliferate.

  • Mobile payments will expand beyond primarily a way to pay for digital goods to increasingly encompass physical goods.

  • Although mobile payment transactions will remain more expensive than traditional credit card transactions, 2011 will see major movement towards the new global transaction cost benchmark of 10-15 percent.


  • SRPc Establishes Authentication Working Group - May 4, 2015
    SRPc Establishes Authentication Working Group

    The Secure Remote Payment Council (SRPc), a New Jersey-based trade association advocating for more secure online and mobile transactions, today established a working group that will investigate the state of consumer authentication for online payments and promote ideas on how it can be improved.


Advertisement


  • Does Upheaval Signal Problems at MCX? - April 30, 2015
    Does Upheaval Signal Problems at MCX?

    This week, MCX, the merchant-backed consortium working on an in-store mobile payment capability to rival Apple Pay, Google Wallet, PayPal and others endured two pieces of news that could spell trouble for its nascent CurrentC solution.

  • Fraud on the Move: A CNP Expo Session Spotlight - April 27, 2015
    Fraud on the Move: A CNP Expo Session Spotlight

    During a panel discussion at the 2015 CNP Expo, Western Union, Petco, CyberSource and Kount, will share all the ways mobile fraud is different than e-commerce fraud, specific mobile fraud schemes to watch out for and ways they have successfully prevented mobile fraud.

  • CNP Expo Sponsor Snapshot: Ethoca - April 27, 2015
    CNP Expo Sponsor Snapshot: Ethoca

    As the official Anti-Fraud Sponsor at the 2015 CNP Expo, Ethoca is looking forward to the excellent opportunity to talk directly with a wide range of online merchants across multiple categories and discuss how to assist them with their unique fraud mitigation needs.

  • Report: Financial Professionals Favor Chip-and-PIN - April 20, 2015
    Report: Financial Professionals Favor Chip-

and-PIN

    Despite the fact it ignores card-not-present fraud entirely, most financial professionals agree the migration to EMV technology at the point of sale will help them in their fight against fraud, according to a new report from the Association for Financial Professionals (AFP).

  • Retailers, Banks Skirmish Over EMV Deadline - April 6, 2015
    Retailers, Banks Skirmish Over EMV Deadline

    In a letter to card networks and major credit-card issuers last week, the Food Marketing Institute (FMI), a trade group representing thousands of supermarkets and pharmacies, asked that they consider delaying the Oct. 1 deadline to implement EMV capability at their point of sale.

  • Is This Seat Token? A CNP Expo Session Spotlight - April 6, 2015
    Is This Seat Token? A CNP Expo Session Spotlight

    At a hotly anticipated session of the CNP Expo this May, a panel of experts will discuss how tokenization works, important dates surrounding card-network mandates and how some merchants are using tokenization right now as a strategy for PCI compliance and to encourage repeat customers.


      Request the CNP Media Kit today

 

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:

Company:

 
Captcha
Answer:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here