Data Breaches Cost Consumers Billions
Exposure of personal information is a new challenge in todays environment, the initial exposure being a nightmare to unravel. A Javelin Strategy and Research study shows that a single data security breach can cost Billions of dollars in consumer fraud losses. Data security breaches rose 48% from 2011 in 2012 to 1,611 data breaches. Identity theft is on the rise too.
Walmart CEO Mike Duke Expecting $10 Billion in e-commerce payments 2013.
Commenting at a shareholder meeting WalMart CEO Mike Duke expected WalMarts online e-commerce site to bring in $10 Billion in transactions this year.
India Sees Spike in e-commerce and Mobile Payment Investments.
India is seeing deeper saturation of broadband rollouts connecting personal computers and laptops online at a faster pace. Big names such as Intel are keen on India’s development for market opportunities. Amazon and ebay just staked claims to India’s e-commerce playing field with deals to deliver their e-commerce services.
Mobile Devices Convert e-commerce to m-commerce. Infographic
There are an estimated 75 million tablet users just in the United States. Comscore says that 79% of those owners age 18-34 now conduct e-commerce payment transactions. Adobe says 52% prefer to shop on their tablets than their personal computer.
Apple Files Patent for Digital Wallet, Virtual Currency & NFC.
Apple filed for a patent on a ‘method and system for managing credits via a mobile device’. Rather broad but easily applicable to a mobile digital wallet, virtual currency and NFC payments. Will they apply this to their Passbook offering or break a new mobile wallet scheme altogether is anyones guess. One thing is sure, mobile payments and digital wallets are on the rise.