By year-end 2013, location information or profile information from mobile phones will be used to validate 90 percent of mobile transactions, according to Gartner. The research firm says that the rapid adoption of smartphones is forcing banks, social networks and other e-commerce providers to implement the kinds of fraud detection capabilities that have become mainstream with fixed-line computing.
Posts Tagged: mobile-banking
IDC has released a new report, 2009 Consumer Mobile Banking Preferences Survey Results – Waiting for Takeoff, that reveals that mobile banking has seen an increase in usage and in institutions offering the service in the last year. In fact, reported mobile banking usage has almost doubled since last year’s survey.
IDC Financial Insights recently released a new report, which analyzes the mobile payment and mobile banking space in the Europe, the Middle East, and Africa region. The research group highlights that the mobile commerce payments market still has a long way to go before any serious impact will be felt by consumers or by the retail industry.
According to a new research report by Berg Insight, the worldwide number of users of mobile banking and related services is forecasted to grow from 55 million users in 2009 (at a CAGR of 59.2 percent) to reach 894 million users in 2015.
Lukasz Michalkiewicz, from smartphone software developer eLeader, tells smartphone.biz-news about developments in mobile banking and the importance of tailoring applications to mobile platforms.
The Polish company has developed the first mobile banking solution customised for specific mobile operating systems.
More than 150 million mobile phone subscribers worldwide will carry out banking transactions on their handsets within three years.
That’s the prediction of a Juniper Research report, which also expects that much of the growth in this area to come from mature markets.
Infineon Technologies and Micron Technology have announced a joint-venture to develop high-density subscriber identity module (HD-SIM) cards with a capacity greater than 128MB.
HD-SIMs combine high density with improved security functionality, which the firms say enables operators to offer services such as mobile banking and contactless mobile ticketing.