What’s new from Google? I/O 2015 Review
Jun12

What’s new from Google? I/O 2015 Review

Google I/O is the company’s big annual event, where they announce all the latest tech their engineers have been working on over the last year. Everything from the latest version of Android to innovations like Google Glass. This year was no different, with a packed two days of announcements and cool stuff for us innovators to drool over. Here at Monitise Create, we sat and watched the keynote with anticipation, already been bombarded...

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Is HCE ready to transform the point-of-sale?
Feb24

Is HCE ready to transform the point-of-sale?

The payments world is filled with enough acronyms to form a kind of alphabet soup – ACH, NFC, HCE. Each one of these payments levers can be the subject of books on their own, so today we’ll focus on one, arguably one of the most exciting innovations in payments – Host-based Card Emulation (HCE). Card systems: an overview Credit cards can act as an intermediary between banks and consumers, allowing them to make real-time purchases in...

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Are mobile payments set for the mainstream with Apple Pay on iPhone 6?
Sep16

Are mobile payments set for the mainstream with Apple Pay on iPhone 6?

With Apple announcing a payment system that works with iPhone 6 and the Apple Watch, will mobile payments finally hit the mainstream, heralding a consumer behaviour shift on the high street and beyond?  Using mobile NFC, will mobile payments on smartphones be enticing enough for consumers – or will other factors come into play on the road to widespread adoption. Slow mobile NFC adoption Outside of iOS, there were already 400 million...

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44% increase in mobile payments in just 1 year: Gartner

The mobile payments field is growing rapidly, and accelerating its pace with every quarter. A recent Gartner report indicates a 44% increase in worldwide mobile payments in just one year to be at a robust $235.4 billion at the end of 2013. The popularity of mobile is underscored in a Nielsen study that indicates strong adoption across the board – 40% of mobile wallet users say mobile is now their primary mode of payment. Men...

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25% Cost Savings for Banks from Digital, and NFC + QR Codes have 65% mobile payments share (McKinsey, Nielsen)

European banks behind; can save 25% costs if digital (McKinsey) – this reissued piece from October 2013 contains warnings for European banks. Only 20 – 40% of processes have been digitised and less than 0.5% of total spending is on digital. If they digitise properly, banks can see cost savings of 20 – 25% . Avenues banks can explore include digital services to increase revenue, improving consumer targeting and pricing/product...

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91% of Mobile Banking Customers Want Fraud Alerts

Monitise launched Intelligent Messaging in March of this year.  The objective was to allow financial institutions a superior product alternative to 1-way alert notifications that have been used for years.  With Intelligent Messaging, banks and credit unions can engage their customers by expanding to 2-way actionable and multi-step conversational alerts that are delivered in real-time and are relevant to the customer’s financial...

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50+ Fascinating Stats about Mobile Commerce in the US

In the Econsultancy blog, David Moth recently wrote an article compiling “more than 50 of the best stats from surveys and reports” on mobile commerce over the past 12 months. Here are some highlights: Mobile Ownership Pew Internet Project research from May 2013 found that 91% of US adult had a cell phone, while 56% have a smartphone. Of those who own a smartphone, 28% have an Android device, 25% own an iPhone and 4% own a Blackberry....

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Over 50 Fascinating Stats about Mobile Commerce in the UK

In the Econsultancy blog, David Moth recently wrote an article compiling “some of the most useful stats and surveys” on mobile commerce in the UK over the past 12 months. Here are some highlights: Mobile traffic boom On average, mobiles account for 31% of site traffic in the UK, according to Mobify. This compares to 47% in Australia, 40% in Brazil, 34% in South Korea, 31% in the US and just 8% in France. According to Ofcom, smartphone...

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Ovum: Banks are Most Trusted Mobile Payments Service Provider

According to the new 2014 Trends to Watch report from analyst firm Ovum, consumers will lean most towards mobile payment and digital wallet services associated with financial brands. This is supported by Ovum’s Consumer Insights Survey, which shows that 43% of respondents chose banks as their most trusted mobile payments service provider, followed by credit card companies (13%), online payment providers (9%), and then mobile operators...

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Mobile Commerce Ecosystem Map

PYMNTS.com’s Innovation Project 2014 created a helpful map to understand the complex mobile commerce ecosystem: Click here to see the full-sized image. Separately, PYMNTS.com will be co-presenting with Monitise and AlixPartners at an informative webinar, “Mobile Banking Crossroads: Strategic Moves Banks Must Take to Remain Competitive”, on November 20, 2013 at 10AM PST / 1PM...

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