by Ty Hardison

NFC adoption remains slow in U.S.

NFC chip adoption is still slow, despite years of hype. It seems that for the last few years, the "next big thing" in the payment industry was the inclusion of near-field communication (NFC) chips. It has been talked about by the credit card, ATM and smartphone industries, but so far the years of hype have not lead to actual adoption in the United States.In other markets like Canada and Europe, NFC and EMV (Europay, MasterCard and Visa) - a form of chip card technology - have become widespread. According to a recent article in TechWorld, despite the push by banks, retailers, mobile operators and device manufacturer to get NFC mainstream, consumers have not been given the devices to make it possible.Back in early September of last year, the rumored features for the latest iPhone 5 were rampant. One piece of speculation … more

Retail to be first EMV adoption shoe to drop

Required EMV adoption will effect retail card transactions first. The adoption of EMV technology is a topic that will be making a lot of headlines over the coming months and years. MasterCard and Visa have laid out several deadlines that span from April 19 this year to October 2015 and the payment, banking and ATM industries to name a few, are starting to worry.In a recent ATM Marketplace article, Mark Smith - the vice president of an Kahuna Financial Solutions - examined the current state of EMV adoption across the entire payment industry and his findings can help merchants breathe a sigh of relief. According to Smith, EMV migration has already started in the U.S. and many institutions that support international travelers have the technology in use. On top of that, ATM providers have incorporated the system into machines in Canada … more

Latest Apple rumor confirms NFC technology for new iPhone

The latest rumors from Apple confirm the inclusion of NFC technology in the latest iPhone. One of the biggest blows to near field communication (NFC) chip adoption in the U.S. came last year when Apple unveiled the iPhone 5 and the feature was not a part of the hardware. Had a company with the influence of Apple backed the technology, a number of applications and solutions would be in the pipeline to take advantage of it. Instead, many in the payment industry were left disappointed.However, the latest report from MacRumors, could change things. Quoting Japanese blog MacOtakare as its source, the piece says that both NFC and a fingerprint sensor are confirmed features in the next hardware update of the popular smartphone."Apple will use the fingerprint sensor functionality to enhance the security of NFC features such as mobile payments," MacRumors said on its report. … more

Customer experience is crucial component to mCommerce

The customer experience will be key to the success of mCommerce. As every merchant is aware of by now, the use of mobile devices as part of a POS system is a trend that is not going away anytime soon. Major retailers like Apple, JCPenney and Walmart have incorporated mobile applications and devices into the standard checkout process and small boutiques are starting to add services like Square to improve the customer experience while keeping costs down.Despite the increased exposure of the technology, there is still a lot of ground to be covered before it can be considered the industry standard. During this year's Mobile World Congress convention, which was held at the end of February, business intelligence provider SAP surveyed 300 mobile industry experts about what the future could hold.According to the third annual survey, which … more

Study: 90 percent of college students use mobile devices to help them shop

According to a recent survey, 90 percent of college students use their mobile devices to help them shop. Head to any area populated by college-age people and you are guaranteed to see an abundance of mobile devices being used to handle a number of different tasks. From searching the internet to answering emails to comparing prices, it seems like smartphones have become ingrained into many daily decisions of the younger generation.According to a recent study by Study Breaks and Campus2Careers, this also extends to the mCommerce realm. According to the report, 90 percent of college students use their mobile device to search for deals and coupons when they shop.Of the 689 student respondents, 51 percent "always" or "often" consult their smartphones to see if there is a deal to be had before making a purchase. Only 10 percent responded "never." On top of … more

Study: mCommerce processing to reach $800 billion by 2016

As little as two years ago, the concept of mobile commerce or mCommerce, was foreign to major companies. While large enterprises have been aware of it for close to a decade, it was a pipe dream for many organizations. However, as the smartphone and tablet device and application markets have boomed, so too, have the mCommerce possibilities.According to a recent study by Ericsson mCommerce, by 2016, mobile commerce will process more than $800 billion globally. With this much money being handled on a yearly basis, the marketplace will need to evolve considerably over the next four years and new devices could emerge that change what mCommerce is all about.In a recent Mobile Commerce News article, Stephen Vagus spoke about how the marketplace has changed already. Specifically he … more

Are tablets set to kill the cash register?

While MTV may have killed the radio star, many experts think the tablet has killed the cash register. At 12:01 a.m. on August 1, 1981 "Video Killed the Radio Star" kicked off the demise of radio. That was the first music video to be played on MTV, ushering in a new era of music that forever changed the way consumers enjoy it. There are few moments like this where everyone can unanimously agree that a game changing moment is happening before our eyes.The mobile payment industry has reached one of those moments as the tablet POS has killed the cash register. At least that is the opinion expressed in a recent Fast Casual article written by James Wester."Ever since Apple introduced roaming retail associates in its stores, all equipped with the tools to complete a transaction on the spot, retailers and restaurant owners have foreseen the death of the traditional cash wrap,& … more

MasterCard and Visa announce new mCommerce tools and services

The mobile payment market seems to be expanding every day and the Mobile World Congress was the stage for two major payment players to push the industry even deeper. At the global conference for mobile innovation, MasterCard and Visa introduced their next steps into the mCommerce.MasterCard is launching MasterPass, an enhanced version of its mobile wallet Paypass. Visa, on the other hand, announced a partnership with a group of tech providers including Samsung that will expand its mobile payment program and enable third parties to connect to the systems.A recent article from ClickZ examines these announcements and what they could mean for the future of the mCommerce industry."We all know that the center of commerce will be these devices," Jim McCarthy, head of global product at … more

Walmart rolling out new self-checkout application

Walmart is testing a new mobile application that lets customers scan and check themselves out. As the world of mobile commerce continues to grow, it is starting to take on a few different looks. The most common versions are the tablet POS terminal, where iPads take over for traditional cash registers and third party peripherals are plugged into smartphones that turn them into a point of sales system wherever they are.There is another system, however, that is starting to emerge and it furthers the self checkout trend that many retailers are implementing. Walmart is currently testing a self-checkout mobile application. Known as "scan & Go," it allows customers to scan barcodes of products they wish to purchase with their smartphone. When he or she is ready to check out they click done and a QR code is created that is scanned at the self-checkout terminal where … more

Square begins offering 'Business in a Box' iPad cash register system

Some experts believe the iPad and other tablets will replace traditional cash registers as the norm as early as the end of the year. There are many examples of "blank in a box" products. Things like bully, filmmaker and USO in a Box are making one-stop-shops for those dealing with IT problems, making a movie or sending packages to American troops overseas.Now, this concept has come to the world of cash registers and mobile commerce. A recent article from Tab Times dives into the new Business in a Box bundle that has been released by San Francisco-based Square.The company burst onto the mobile payment scene in 2010 when it began offering its card reader plugin and corresponding applications for iOS and Android-based mobile devices. The system was an instant hit with small businesses that were now able to easily accept credit card payments, in some instances for the first time. Other industries, like the … more