Apple Inc plans to enable its next iPhone to become a mobile wallet

English: no original description
English: no original description (Photo credit: Wikipedia)
Global E-Commerce Doubles as Shoppers Get More Adventurous

The number of online shoppers has doubled since 2011, according to Nielsen's Global E-Commerce Survey. Nielsen's John Burbank attributes the growth in e-commerce to "a consumer mindset that is both adventurous and exploratory when it comes to online shopping. Consumers everywhere want a good product at a good price, and the seemingly limitless options available in a virtual environment provide new opportunities for both merchants and consumers." Nielsen found that consumers plan to increasingly shop online in 2014, with a particular focus on durables and entertainment-related products. Forty-six percent of more than 30,000 survey respondents said they plan to shop online in the next six months for apparel, while 48 percent intend to buy airline tickets and 44 percent aim to make hotel reservations. Burbank says the study also reflects the growing use of mobile devices as consumers' primary e-commerce tool worldwide. The e-commerce growth "says positive things about growing consumer trust and value delivered, but also about the technology, the economy, and improved efficiencies in logistics and warehousing," says analyst Patrick Moorhead.

From "Global E-Commerce Doubles as Shoppers Get More Adventurous"
Computerworld (08/26/14) Gaudin, Sharon

Apple Inc plans to enable its next iPhone to become a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger, Bloomberg said on Sunday, citing a person familiar with the situation.
The agreement includes participation by Visa Inc., MasterCard Inc and American Express Co and will be announced Sept. 9 along with unveiling of the next iPhone, according to the source, who Bloomberg said asked not to be identified because the talks are private.
The new iPhone will simplify mobile payment by including a special communication chip, along with a fingerprint recognition reader that debuted on the most recent iPhone, the source said.

Officials could not immediately be reached at Apple, Visa, Mastercard and American Express.
Post a Comment

Popular posts from this blog

Proposed Contaminated Fill site at Shawnigan

eComTechnology payment processing guidelines