by Ty Hardison

Apple files patent on wireless mobile commerce technology

Apple recently filed a patent on technology that would allow users to make payments by placing an iPhone or iPad over a special receiver. Next week Apple will host its yearly Worldwide Developers Conference. It is the event where company CEO Tim Cook - and formerly Steve Jobs - will take the stage and announce a host of new or upgraded services and hardware. Leading up to the event, the blogosphere is abuzz with rumors and wish lists of what Apple may have up its sleeve.While the biggest nuggets of interest involved a streaming music service, the unveiling of iOS 7 and wearable technology known as the iWatch, the payment industry will be looking for something different to be announced.There has been talk of EMV technology being incorporated into the hardware of the iPhone for a few years, but Apple chose a different mobile commerce plan with its Passbook application in iOS 6 last year.There was another interesting … more

Mobile commerce adoption slows, still seen as the future of retail payments

While mobile commerce is growing, many companies still have concerns. As with any major industry shift, there is going to be a handful of bumps in the road before it is becomes standard. Not every business went out and bought a computer on day one. Many waited for reviews and case studies to come in and then decide if it was the best option of them. The retail sector is experiencing this right now with mobile commerce payment options.While hype would have you believe that consumer payments being handled through smartphones and tablets is the future and that time is now, reality is a bit different. A recent study released by IHL Group found that 28 percent of retailers intend to start using a mobile option of processing by the end of 2013. On top of that, a majority of businesses are only looking at mobile solutions as a way to supplement existing point … more

Study: 56 percent of Americans own a smartphone

Fifty-six percent of U.S. residents own a smartphone. Businesses have been spending more time in the last few years looking into the options of mobile commerce. While the functionality of mobile devices is making certain aspects of retail easier, merchants may need to start paying even more attention because a recent study found that a majority of American's now have a smartphone.Released by Pew, the survey interviewed 1,127 adults and found that 56 percent of U.S. residents own a smartphone. That number is up from 35 percent when the study was conducted in 2011.While every major demographic saw significant year-to-year growth, there was surprisingly not a difference in adoption rates among various age groups. The highest age range is 25 to 34, in which 81 percent own a smartphone. After that, 79 percent of the 18- to 24-year-olds … more

Digital coupons helping grow mobile commerce

Digital coupons are helping push the growth of mobile commerce. As this blog has shown, the use of mobile commerce solutions is about much more than just allowing consumers to make purchases on a smartphone or tablet. As these devices become a bigger part of our everyday lives, they have become an important tool for consumers. They help customers find deals and compare prices, before any funds need to be transferred.According to a new report from BI Intelligence, there are a couple of factors that have caused mobile commerce to expand - mainly mobile catalogs and coupons. We all like to look for a deal, and mobile coupons can affect buying strategies for nearly every purchase. For example, in 2012, 305 billion print and digital consumer packaged goods coupons were distributed in the U.S.The study found that 41 percent of mobile coupon users … more

Mobile commerce impact more than how consumers pay

More consumers are using mobile devices to make smart purchases. If you were sitting at home and needed to buy something, what would you be more likely to do: go to the store, make a phone call, get your computer or grab your mobile device? For many of us, the first stop is to pick up the smartphone or tablet and use any number of apps to start price checking and find the best deal.According to a recent comScore "State of the Retail Economy" report for the first quarter of 2013, the total amount of U.S. retailing spending growth through mobile devices grew nearly three times faster than retail eCommerce (31 percent versus 13 percent respectively). The overall retail industry only grew by 1 percent. For mobile commerce, it is a growth of $5.9 billion.Mobile devices have more of an effect on retail than just giving customers a new way to … more

Small businesses embracing tablet POS as critical tool

When it comes to the use of tablet point of sale solutions, many people think the benefit is nothing more than the ability to process transactions from anywhere in the store. While that is one of the major drawing points of the solution, there are a number of additional features that are making mobile POS terminals the next step in retail.A recent article from Technology Guide covers the ways that businesses are taking advantage of the latest innovation to the POS terminal."The adoption of tablets by small-business merchants has grown dramatically in recent years, especially as the software surrounding organizations moves to a mobile environment," the article reads. "From food trucks to restaurants and coffee shops to craft stores, tablets are becoming one-stop … more

Study: mobile POS market to surpass $2 billion in 2013

Every few weeks, it seems there is a new mobile commerce peripheral gaining headlines. Recently it has been announcements by Square and Groupon of tablet POS solutions coming to the market. There are also the persistent rumors of EMV technology being a part of the latest iPhone or iPad which would change the way the mobile commerce landscape.A recent study from research firm IHL Group found that many businesses are embracing mobile commerce. According to the "Mobile POS: Hype to Reality" report, the shipments of tablets for POS use increased 38 percent in 2013 so far. On top of that, the mobile POS market will surpass $2 billion in hardware and software sales in 2013 as 28 percent of North American retailers plan to adopt a mobile solution by the end of the year.With … more

Study: 18 percent of merchants moving toward tablet POS systems

If you have walked into one of several retailers around the country, there is a good chance that you have been met with a sales associate with a mobile cash register. A smartphone or tablet with a credit card reader attached is all that is needed to turn the popular mobile devices into a portable POS system. These have been seen in retailers like Apple and Nordstrom. According to the latest numbers, more businesses are going to be getting on the bandwagon.Constant Contact recently released the results of a new survey of 1,305 small business owners. According to respondents, 18 percent of the merchants said they are running a mobile tablet-based point-of-sale solution for transactions."It's encouraging that a majority of small businesses recognize that their … more

Tablet POS hardware gets more competition

Tablets as a company's cash register are becoming more popular. The use of tablets as a cash register is no longer just a novelty for consumers. It is starting to become a regular occurrence that can be seen in a number of different industries. Adoption rates could increase, as new hardware starts to hit the market.Square, one of the leading providers of third-party peripherals that turn smartphones and tablets into mobile cash registers, has unveiled a new product: the Square Stand. It is a holder for an iPad that doubles as a credit card reader. The tablet can rotate toward customers allowing them to sign receipts.The stand can also connect wirelessly to other devices like receipt printers, barcode scanners and cash drawers. The 9-inch, 5-pound Stand will be available in July. Twitter inventor and Square CEO Jack Dorsey made the … more

Mobile commerce increased 71 percent year-over-year

As mobile devices become a larger part of our everyday lives, smartphones and tablets tend to be the go-to gadget for many common tasks. In no place is their more apparent than in the commerce sector. Walk into any retail establishment and there is a good chance that more than one customer will be using their mobile device to check prices, find deals and even make payments.According to the broad index of 200 retailers by Unbound Commerce, mobile commerce increased 71 percent in March and April versus the same time period in 2012. The company cites growing consumer confidence in the platform as one of the key factors behind the the increased adoption."Mobile commerce is expanding very fast, as consumers grow increasingly comfortable shopping on their smartphones", said … more