Check out the hottest mobile IT stories for Aug. 21, including the potential spin off for PayPal, Pivotal's ascension to the cloud, a proposed Android security framework, how music streaming is boosting revenues and what milestone the worldwide radio access network is reaching.
The latest mobile IT news for Wednesday, August 20, including PayPal rolling out One Touch mobile checkout app, BYOD fueling online video platform market, U.S. and Japan are ready for VoLTE launches this year, Apple and Samsung losing grip on tablet market dominance and IoT pushing wireless connected device installed base to 41B in 2020.
Now that Amazon has decided to compete with Square and PayPal in the mobile payments market, does that mean mobile payments, after sputtering for years, is set to take off? Yes, says Alberto Jimenez, director of mobile payments at IBM.
Most consumers agree that making an online payment is easy, but 40 percent don't take advantage of mobile payments, according to PayPal's latest study. One of the biggest hindrances? Security.
Simply creating mobile-friendly versions of existing products and services will not be enough for banks to fend off challenges from non-bank competitors, such as PayPal, Google, Amazon and Square. That is the conclusion of a new report by Accenture on digital banking.
PayPal President David Marcus appears to be taking his recent frustrations out on employees.
Remember back when I told you that retail banks and credit reporting agencies would shortly be besieged by hungry startups and online payment firms far savvier about leveraging data and new analytical tools? Yeah, well that competitive fire is growing more intense.
GigaOm reports that the transaction volume of payments processor Braintree jumped 164 percent from the previous year. Right now eBay execs are probably pretty happy they snapped up the company for $800 million earlier this year.
Revel Systems is bolstering its point-of-sale solution for Apple's iPad by adding support for PayPal's mobile commerce capabilities.
More than half of mobile users are comfortable using biometrics as a security measure to prevent unauthorized access to their mobile devices, according to a survey of 1,000 U.S. adults by Zogby Poll on behalf of PayPal and the National Cyber Security Alliance.