Welcome!

Recurring Revenue Authors: Liz McMillan, Elizabeth White, Pat Romanski, Yeshim Deniz, Zakia Bouachraoui

Blog Feed Post

Kevin's Mobile Money News Weekly - Week of January 31, 2011

Kevin’s Mobile Money News Weekly is an online newsletter made up of the most interesting news, articles and links related to mobile payments, mobile money, e-wallets, mobile banking and mobile security that I run across each week.  I am specifically targeting market size and market trend information.
Ericsson will launch mobile phone banking services, hoping to capture a big chunk of a market it estimates will be worth an annual $27.7 billion by 2015.
********
Driven by wider smartphone adoption and regular mobile Web use, the number of Americans banking by mobile phone will jump from 10 million today to more than 50 million by 2015.

********
Facebook, flush with cash, is making mobile a priority and planning to snap up mobile start-ups to beef up its arsenal to compete with rival Google.
********
Visa Europe has launched the first commercial deployment of its own iPhone payments App. Visa introduced an NFC certification program in December.  In the UK, Visa continues to test NFC based payment systems at its London offices.
********
Barclaycard, Orange, and T-Mobile have set an early summer date to launch their NCF payment system in which people can make purchases by waving a mobile phone near a payment station.
********
Apple is reportedly working to outfit the next generation of its smartphone and tablet with NFC technology, which would let consumers use the devices to make mobile payments as an alternative to cash and credit cards.
********
Smartsoft Mobile empowers some of the world’s largest multi-national organizations to extend and improve business processes by providing mobile solutions to their employees and customers.  Smartsoft has more than 700 experienced ERP/mobile consultants with over 5,000 man years of experience helping 400,000 plus mobile users achieve their business goals with powerful mobile B2B and B2C applications, designed and developed specifically for today’s popular consumer and industrial grade mobile devices. For more information please visit, http://www.smartsoftmobile.com/.  This newsletter is sponsored in part by Smartsoft Mobile Solutions.
********
MasterCard Inc. and Telefonica SA have unveiled a joint venture that will allow the Spanish telecommunications giant's mobile subscribers in 12 Latin American countries to use their phones to make basic financial transactions like paying bills and retail purchases. The new company will develop mobile payment services that will be linked to a mobile wallet or prepaid account.
********
First National Bank has reported record numbers for its cell phone banking services over the recent holiday season.  FNB reportedly processed in excess of 15 million transactions in December 2010.
********
Multiple reports are adding fuel to the fire of rumors that Apple’s iPhone 5 will be embedded with a near field communication chip, a move that could shoot mobile payments into the stratosphere.
********
ShopSavvy Inc. has launched a new version of its Android shopping application featuring crowd-sourced bargains and streaming deals. The application lets consumers scan the UPC, EAN or QR bar codes of products they want to buy and do immediate, in-store price comparisons with local and online retailers.
********
Mobile payments will approach $1 trillion by 2015 in the United States if retailers receive lower payment processing fees based on a more efficient system, according to projections by International Telecom Strategies’ The Luciano Group. 
********
With corporate behemoths such as Starbucks and McDonald’s leading the way, 50 percent of consumers will have made a mobile payment of some kind by 2014, according to Juniper Research. 
********
For people who just can't enough of the Internal Revenue Service, the federal tax collection agency is coming out with a new phone app.  The app, called IRS2Go, allows taxpayers to track their tax refunds and get tax tips form the IRS.  It's free, and available for people who use iPhones or Androids.
********
Many consumers are now using their mobile devices to check their outstanding credit card balances or monitor their bank accounts.  With the concept of so-called mobile wallets gaining a foothold in the payment industry, it's no surprise that mobile banking is becoming the norm.
********
Although few consumers make purchases using their phones, smartphones are playing a critical role in purchasing decisions, according to a study released by ForSee Results. The study, which surveyed 10,000 visitors to top e-retailer sites, found that 11 percent of them made a purchase using their phones this holiday season, compared to only 2 percent at the same time last year.
********

Kevin Benedict, SAP Mentor, SAP Top Contributor, mobile industry analyst and experienced mobile industry executive, offers both one and two day onsite workshops designed to educate and inform executives and management teams on enterprise mobility and mobile strategies for businesses. This workshop is designed to provide a complete overview of enterprise mobility and what it means to the business. The workshop is customized based upon the needs of participants. For more details, visit http://mobileenterprisestrategies.blogspot.com/p/workshops.html.

Recent Articles by Kevin Benedict

********
You can follow me on Twitter @krbenedict and read my blog, Enterprise Mobility Strategies.
Also available are:
********
I have added a feature to my blog site that supports email subscriptions.  You can now receive all blog articles directly via email.  If you are interested, click here.

***************************************************

Kevin Benedict, SAP Mentor, Mobile and M2M Industry Analyst
Phone +1 208-991-4410
Follow me on Twitter @krbenedict
Join the SAP Enterprise Mobility group on Linkedin:
http://www.linkedin.com/groups?about=&gid=2823585&trk=anet_ug_grppro

Full Disclosure: I am an independent mobility consultant, mobility analyst, writer and Web 2.0 marketing professional. I work with and have worked with many of the companies mentioned in my articles.

Read the original blog entry...

More Stories By Kevin Benedict

Kevin Benedict serves as the Senior Vice President, Solutions Strategy, at Regalix, a Silicon Valley based company, focused on bringing the best strategies, digital technologies, processes and people together to deliver improved customer experiences, journeys and success through the combination of intelligent solutions, analytics, automation and services. He is a popular writer, speaker and futurist, and in the past 8 years he has taught workshops for large enterprises and government agencies in 18 different countries. He has over 32 years of experience working with strategic enterprise IT solutions and business processes, and he is also a veteran executive working with both solution and services companies. He has written dozens of technology and strategy reports, over a thousand articles, interviewed hundreds of technology experts, and produced videos on the future of digital technologies and their impact on industries.

IoT & Smart Cities Stories
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
Nicolas Fierro is CEO of MIMIR Blockchain Solutions. He is a programmer, technologist, and operations dev who has worked with Ethereum and blockchain since 2014. His knowledge in blockchain dates to when he performed dev ops services to the Ethereum Foundation as one the privileged few developers to work with the original core team in Switzerland.
Whenever a new technology hits the high points of hype, everyone starts talking about it like it will solve all their business problems. Blockchain is one of those technologies. According to Gartner's latest report on the hype cycle of emerging technologies, blockchain has just passed the peak of their hype cycle curve. If you read the news articles about it, one would think it has taken over the technology world. No disruptive technology is without its challenges and potential impediments t...
If a machine can invent, does this mean the end of the patent system as we know it? The patent system, both in the US and Europe, allows companies to protect their inventions and helps foster innovation. However, Artificial Intelligence (AI) could be set to disrupt the patent system as we know it. This talk will examine how AI may change the patent landscape in the years to come. Furthermore, ways in which companies can best protect their AI related inventions will be examined from both a US and...
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (November 12-13, 2018, New York City) today announced the outline and schedule of the track. "The track has been designed in experience/degree order," said Schmarzo. "So, that folks who attend the entire track can leave the conference with some of the skills necessary to get their work done when they get back to their offices. It actually ties back to some work that I'm doing at the University of San...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...