Last year, Forrester predicted the U.S. mobile payment market will reach $90 billion by 2017. Given the popularity of mobile transaction apps like Square, PayPal and the recently launched Amazon Local Wallet, you'd think consumers would eat up the mobile wallet idea. But, no, it hasn't turned out that way at all.
Square--which enables credit and debit card payments via smartphone--has hired prominent security researcher Dino Dai Zovi and initiated a bounty program for others to help the company identify vulnerabilities in its Square.com and Squareup.com websites.
The number of daily infected users worldwide climbed from below 12,000 in May to more than 16,000 at the end of June.
Fifty-one percent of organizations have an enterprisewide mobility strategy in place with clearly defined initiatives, while 49 percent do not, finds an Illuminas survey, commissioned by Cisco. The survey polled 400 mid-market and enterprise-IT decision makers.
Check out the latest mobile IT news for March 20, including how Muscle Milk is using mobile marketing and March Madness, one expert's take on BYOD for small businesses, the weak demand for I/O modules, Burger King's latest foray into mobility and why Alibaba invested in a messaging app.
Quick rundown on the latest mobile IT news for Wednesday, 3/5 including: new spectrum licensing paradigms become more common to help out shortage, PayPal's lead in the lackluster mobile wallet market, the reign of tablets as the main reason for the success of smart connected devices in the U.K., CommScope as top wireless DAS gear vendor and the growth of the TD-LTE RAN market.
Five leading UK banks – HSBC, First Direct, Nationwide, Santander and Metro Bank – have signed up to integrate Vocalink's Zapp mobile payment service into their existing mobile apps, the BBC reports.
Quick takes on the latest mobile IT news for Wednesday, 1/15 including: Microsoft's latest efforts to pair Surface tablets and retailers for enhanced customer experience, why customer-facing apps are gaining popularity in the enterprise, more on China's multi-billion dollar mobility market, Mercedes' stance as top in an advanced assistance systems assessment and the clear text compromise of mobile payment info for Starbucks stores.
The global radio-frequency identification market is forecast by TechNavio to increase at a 22.4 percent compound annual growth rate through 2018.
Mobile consumers will be the "disruptors" in the financial services market by increasing their use of purpose-built apps that provide focused value, while minimizing their interactions with their primary institution, predicts market research firm IDC.