Online Debit: Selling Convenience (And Trust)

Boston, MA (PRWEB) November 06, 2011

In new research, Online Debit: Selling Convenience (And Trust), Mercator reviews the range of consumer online payment activity through the filters of new technologies, merchant focus on product expansion, and the role trust and security play at the point of purchase.

The electronic payments evolution that’s driving investments into mobile wallets and NFC-enabled devices is also placing added pressure on the debit card programs of traditional retail financial institutions. Everyday purchases, long the core base of debit card transactions, are being enabled online by merchants offering an increasing number of consumable items (such as groceries) with all the shipping and purchasing conveniences consumers expect in the online experience.

Merchants are tying together online and offline buying experiences through web and mobile-enabled application to enable convenient “one-click” buying experiences. At the same time, merchants can incentivize consumers to pick one payment form over another through discounts and other promotional programs.

Highlights of this report include:

The role of signature and alternative debit forms in online payments.

An overview of new online debit technologies being introduced in the market.

Profiles of consumer demographics most likely to drive increased online spend within everyday item categories.

An analysis of the potential impact of merchant’s expansion into grocery, pharmacy, and other daily commodity categories to the debit market, as well as their influence over payment types.

A discussion regarding the importance of issuers building an expanded view of how consumers use their depository accounts to protect and grow their retail banking franchises.

A review of the impact of risk management for issuers and consumer’ concerns about protecting their cash accounts on online debit payments.

“Consumers’ ability to access the Internet through an ever wider variety of untethered devices makes the ability to transact at will a de facto requirement for more and more transactions. Our research indicates that everyday spend transactions, those lying at the heart of the debit market, are being enabled online or through online/offline combinations by most of the largest retailers in the United States.,” Patricia Hewitt, director of Mercator Advisory Group’s Debit Advisory Service comments.

This report is 32 pages long and has 21 exhibits.

Companies mentioned in this report include: Amazon, Acculynk, Adaptive Payments, WalMart, Cardinal Commerce, Google, PayPal, CVS, American Airlines, Authorize.net, NACHA, MasterCard, and PreCash.

Members of Mercator Advisory Group’s Debit Advisory Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits.

Please visit us online at http://www.mercatoradvisorygroup.com.

For more information and media inquiries, please call Mercator Advisory Group’s main line: (781) 419-1700, send E-mail to info(at)mercatoradvisorygroup(dot)com.

For free industry news, opinions, research, company information and more visit us at http://www.PaymentsJournal.com.

Follow us on Twitter @ http://twitter.com/MercatorAdvisor.

About Mercator Advisory Group

Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world’s largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.

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Intuit and AT&T Collaborate to Tap Growing Mobile Payments Market; Offer Small Businesses Easy Credit Card Processing on Mobile Devices

Intuit GoPayment for AT&T Now Available via AT&T's Nationwide Sales Force and Call Centers;

Intuit® GoPayment for AT&T

Turn your mobile device* into a card reader and get paid on the spot. Sign up, download the mobile application, and plug the free** card reader into your mobile device. It’s that easy. Now you CAN accept credit and debit card payments. No application fee, no monthly minimum fee, no setup fee.

 *See below for a list of supported mobile devices.

 **One free card reader with each account.

Potential Benefits 

• Get paid at the time of sale or service.
• Improve your cash flow.
• Sell to customers who don't carry cash or checks.
• Link card payments to Intuit® QuickBooks®.
• No waiting for checks to clear.
• No dealing with invoices or bounced checks.

How it Works

1. Log in to the GoPayment app on your mobile device.
2. Enter the payment amount.
3. Swipe your customer's card (or enter the card number), and tap Charge.
4. Receive confirmation in seconds.
5. (optional) Email or text your customer an invoice. Intuit GoPayment for AT&T meets industry standards (is PCI-compliant) because data is encrypted and never stored on your mobile device

Intuit GoPayment for AT&T meets industry standards (is PCI-compliant) because data is encrypted and never stored on your mobile device.

GoPayment Supported Mobile Devices 

Intuit GoPayment for AT&T is supported on some of the newest and most popular mobile devices.

• Apple® iPad® with Wi-Fi + 3G
• Apple®iPad® 2 with Wi-Fi +3G
• Apple iPhone 3G
• Apple iPhone 3GS
• Apple iPhone 4
• Blackberry® Bold™ 9700
• Blackberry® Curve™ 8520
• BlackBerry® Curve™ 3G 9300
• HTC Aria™
• MOTOROLA® FLIPSIDE™
• Samsung Infuse™ 4G

Make Sales Easily and Quickly with Automatic Signup and Pre-approval for AT&T Customers

MOUNTAIN VIEW, Calif., and DALLAS, Nov. 7, 2011 /PRNewswire/ -- Intuit Inc. (Nasdaq: INTU) and AT&T* (NYSE: T) are making it easier and quicker for small businesses to grow their business by accepting credit and debit card payments virtually anywhere, anytime.

The two companies have collaborated to offer Intuit GoPayment for AT&T, an easy-to-use mobile application and credit card reader that helps small businesses of all sizes process credit or debit card payments using their smartphone or tablet. Intuit GoPayment for AT&T comes with Automatic signup and pre-approval for the majority of AT&T customers. It is available via AT&T's nationwide small business sales force and call centers.

The worldwide mobile payments market is rapidly growing. According to the Yankee Group's 2011 Mobile Money Forecast, the value of mobile transactions worldwide will grow from $241 billion in 2011 to more than $1 trillion by 2015, a compound annual growth rate of 56 percent.

Intuit GoPayment for AT&T helps small businesses grow their business, increase sales and attract new customers. The mobile payment app and credit card reader is especially suited for mobile retailers and mobile service providers, such as photographers, hair stylists, locksmiths, and landscapers. It offers numerous potential benefits, including the ability to:

• Make and save money – Increase cash flow by getting paid as soon as a job is done and giving customers more payment options. The GoPayment application is free along with one free credit card reader. The basic service offers pay-as-you-go pricing with no monthly fee. There are no set-up fees, long-term contracts or transaction fees.
• Save time and improve cash flow – It can take 30 days or more for small businesses to receive payment for goods and services using standard invoicing. With Intuit GoPayment for AT&T, businesses can process payments on the spot and see the money in their account within a few business days.

Use existing mobile devices – No need to purchase additional hardware; use the smart phone or tablet you already own and carry. Supports the most popular 3G and 4G smartphone platforms.

Key Features and Services

• Ring up sales quickly by creating and selling from a list of frequently sold items. Swipe credit cards using the card reader hardware instead of entering data manually.
• Process payments within seconds and have funds deposited into a user's bank account within a few days, eliminating the hassles of invoicing or waiting in bank lines to deposit cash or checks.
• Look professional by sending text or e-mail receipts with a map of where the transaction took place.
• Feel assured that your customer's sensitive credit card information is protected. Card data is never stored on the mobile device and is encrypted during processing – once via the credit card reader and a second time via the GoPayment app.
• Keep accounting records up-to-date by syncing transactions directly with QuickBooks^®, the best-selling small business financial software in the U.S. used by 4 million users.
• Enable employees to ring up sales by adding up to 50 users to one GoPayment account.
• Get 24/7 unified support from AT&T and Intuit, including general customer service, and help with devices, network and mobile payment processing.

Pricing and Availability

• The basic GoPayment service has no monthly, transaction or cancellation fees, and offers a competitive 2.7 percent discount rate for swiped transactions.  
• For small businesses with higher volume processing needs, a paid version of GoPayment also is available for $12.95 a month and provides a lower discount rate of 1.7 percent for swiped transactions.
  • This plan is recommended for businesses that process more than $1,000 a month and want multiple employees to process payments using one GoPayment account.  
  • The monthly fee for the paid version of GoPayment will be conveniently rolled into customers' existing monthly AT&T bill.
• Qualifying customers can purchase Intuit GoPayment for AT&T as part of AT&T's popular All for Less packages, which feature wireless, wired and broadband services, Website hosting, tech support and data backup.

Quotes

"Intuit GoPayment for AT&T comes with automatic pre-approval for AT&T customers, helping small businesses speed up the on-boarding process and enabling them to make credit and debit card transactions within minutes," said Ebrahim Keshavarz, AT&T vice president of Small Business Product Management. "This offer is just the first step in AT&T and Intuit working together to benefit small businesses by helping them broaden their payment capabilities, save money and, ultimately, better serve their customers."

"GoPayment makes it easier for small businesses to grow their business no matter where they are," said Chris Hylen, vice president and general manager of Intuit's Payment Solutions division. "By teaming up with AT&T, we're getting GoPayment into the hands of even more small businesses. Now they too can easily and affordably process credit cards and get paid on the spot, which in this tough economy means increased cash flow and more repeat business."

General Information

For more information, please visit Intuit GoPayment for AT&T . To watch a video highlighting the solution, please visit the AT&T Business YouTube channel.

Small businesses that want more information about all AT&T products and services can visit AT&T Small Business. For free business resources such as webinars, articles, case studies and best practices, they can visit AT&T Small Business InSite.

Additionally, real-time information and updates can be found on the AT&T Small Business Facebook page and AT&T Small Business Twitter channel.

More information on Intuit's small business products and service is available at Intuit.com.  Other Intuit resources for small businesses include Intuit on Facebook, Intuit on Twitter and Intuit Community.

*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

About AT&T

AT&T Inc. (NYSE: T) is a premier communications holding company and one of the most honored companies in the world. Its subsidiaries and affiliates – AT&T operating companies – are the providers of AT&T services in the United States and around the world. With a powerful array of network resources that includes the nation's fastest mobile broadband network, AT&T is a leading provider of wireless, Wi-Fi, high speed Internet, voice and cloud-based services. A leader in mobile broadband and emerging 4G capabilities, AT&T also offers the best wireless coverage worldwide of any U.S. carrier, offering the most wireless phones that work in the most countries.  It also offers advanced TV services under the AT&T U-verse^® and AT&T | DIRECTV brands. The company's suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&T Advertising Solutions and AT&T Interactive are known for their leadership in local search and advertising. 

Additional information about AT&T Inc. and the products and services provided by AT&T subsidiaries and affiliates is available at http://www.att.com.  This AT&T news release and other announcements are available at http://www.att.com/newsroom and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATT.

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management, payment and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.

Founded in 1983, Intuit had annual revenue of $3.9 billion in its fiscal year 2011. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com.

About Intuit Payment Solutions

Intuit is one of the largest small business payments processors in the U.S. It processes annually nearly $21 billion in transactions for approximately 300,000 small businesses. Over the last 10 years, Intuit has helped small businesses get paid and improve cash flow with a complete family of end-to-end electronic payment solutions. This includes services to process credit cards, e-checks and online payments via a variety of channels including mobile devices, Web and retail stores as well as integrated solutions such as QuickBooks.

© 2011 AT&T Intellectual Property. All rights reserved. Mobile broadband not available in all areas. AT&T, the AT&T logo and all other marks contained herein are trademarks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

SOURCE AT&T Inc.

Veritec and National Identity Solutions (NIS) Sign Significant License Agreement Entering Into a $500 Billion Marketplace

GOLDEN VALLEY, Minn., Nov. 7, 2011 /PRNewswire/ -- Veritec, Inc. (OTC –VRTC) today announced the signing of a Partnership Agreement with National Identity Solutions (NIS) of Norcross, Georgia. Ronald G. Logan, CEO of NIS, stated, "The partnership with Veritec is estimated to bring in hundreds of millions of dollars to both Veritec and NIS in 2012 income streams."

Van Thuy Tran, CEO of Veritec, states, "Veritec has state of the art patented identity and mobile cards technologies, and NIS has the identity recovery knowledge and knowhow plus a powerhouse marketing and sales team along with an established customer base.  This agreement is an important addition to Veritec technology that will be the cornerstone of secure identification for financial transactions while reducing complexity and costs. Veritec is pleased to enter into this strategic partnership with National Identity Solutions. We are the perfect fit for each other."

Tom Look, Veritec CTO and former 3M Scientist and Senior Business Development specialist, stated, "The combined technologies offer consumers new levels of comfort provided by the wall of security surrounding their financial accounts. There is no better, highly secured, two-dimensional code available in the market than the VeriCode® and VSCode® that can hold up to 4500 bytes of data within one single code."

"One out of every 10 consumers is a victim of identity theft according to consumer reports and 43% of all identity theft is the result of lost or stolen wallets or personal documents. The agreement combines for the first time several unique fraud and identity theft protection features into a consumer debit/credit or ID card, and the card will also reduce fraud for merchants and banks," saidSam Rollins, VTFS President and former Senior VP of Global Information Security for Visa USA. Mr. Rollins also added, "Our proprietary payment platform, featuring the blinx On-Off™ card program, separates us from any existing financial cards in the market today." The key feature that provides the unique level of security for the card is the ability to instantly activate or deactivate (Toggle) the card on or off via text, phone or web. When the card is off it cannot be used.

According to Ronald G. Logan, CEO of NIS, "The combined features of the new card will significantly lessen the likelihood of the cardholder becoming a victim of identity theft, the nation's fastest growing crime. Identity theft related to new and existing credit is less than 15% of reported identity theft cases. The identity theft protection provided for the cardholder and their household includes all 49 identity theft types through 24/7 live assistance by certified professionals. Our technology and propriety processes enable retrieval and restoration of a victim's identity up to three times faster than competitors."

In addition to security, cardholders receive real time financial transaction notifications, elimination of overdrafts, complete access to and control of the card's financial account, subordinate cards, and real time account transfers, all using simple mobile phone or web commands. Both companies will market the new cards with the combined technology features for credit/debit cards, ID cards, payroll cards and gift cards.  

These cards will also have Veritec's 2D VSCode® technology so that the cardholder's biometric identification such as fingerprint or picture are fully contained within the code.

ABOUT NATIONAL IDENTITY SOLUTIONS and NATIONAL ID RECOVERY

National Identity Solutions, LLC ("NIS") and National ID Recovery, LLC ("NIDR") are privately held business to business, technology driven companies that have common ownership and are located in Norcross, GA. NIS was established in 2006 and focuses on document, data and identity security services. National ID Recovery, LLC ("NIDR") was established in 2004 and is the leading provider of identity theft recovery, data breach resolution and Red Flags Rule compliance services. NIDR's fully managed identity theft recovery technology and processes drives the software, which locates, completes and prints all documents needed to rectify and restore an identity. The printed documents are delivered to the victim within 24 hours of notification of the theft event, which facilitates a complete restoration in as little as 14 days or less. We sell our solutions to businesses as part of their employee benefit programs, affinity programs, and Red Flags Rule solutions. Our solutions are also added as a feature to a wide variety of insurance policies.

Additional information about NIS and NIDR can be found at the following websites: www.nationalidsolutions.com andwww.nationalidrecovery.com  

Wells Fargo Named Best Corporate/Institutional Internet Bank in North America by Global Finance Magazine

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) was named the Best Corporate/Institutional Internet Bank in North America by Global Finance magazine at the annual awards ceremony November 3 in New York. Wells Fargo also received global awards for the following sub-categories:

“Wells Fargo has always recognized the importance of delivering new technology, products and services that enable companies to survive and thrive”

• Best Corporate/Institutional Trade Finance Services
• Best Consumer Bill Payment & Presentment
• Best Consumer Social Media

“Wells Fargo has always recognized the importance of delivering new technology, products and services that enable companies to survive and thrive,” said Danny Peltz, executive vice president and group head of Treasury Management for Wells Fargo. “The customer’s voice is central to everything we do. This award is a tribute to our customers’ insights and to our team members who build on their ideas.”

“The online and mobile channels are one of the many ways our customers can choose to conveniently manage their money anytime, anywhere,” said Jim Smith, executive vice president and head of Wells Fargo’s Internet Services Group. “Everything we do is based on our customers’ needs and helping them meet their individual financial goals. We’re honored to be recognized by Global Finance magazinefor online banking industry leadership.”

This is the 12th year Global Finance has named the World's Best Internet Banks. Winning banks were selected based on strength of strategy for attracting and servicing online customers, success in motivating clients to use web offerings, growth of online customers, breadth of product offerings, evidence of tangible benefits gained from Internet initiatives, and web site design and functionality.

About Wells Fargo Online, Mobile and Text Banking

On May 18, 1995, Wells Fargo became the first bank in the nation to give customers free Internet access to current balances in their checking, savings, line of credit and credit card accounts. Today, Wells Fargo is a leading provider of online and mobile financial services for individual consumers, small and middle market businesses, and large corporations with a full range of banking, money movement, investing, asset management, and other financial and risk management products. Wells Fargo has more than 19.7 million active online customers and 6.7 million active mobile customers.

About Commercial Electronic Office^® (CEO^®) Portal and CEO Mobile Services

The CEO portal offers Wells Fargo commercial and corporate customers single sign-on access to more than 80 online banking applications and reports including cash management, credit and loans, foreign exchange, global payments, health benefit services, insurance, trade services, trust, investment and retirement services. The CEO Mobile service is an extension of select portal services, giving customers the ability to access accounts, initiate and approve payments, receive alerts about critical transactions or items that need attention, review account balances and transactions, manage commercial card expense reporting, review and reset rates for expiring term loans, and administer and reset passwords.

Capital One Bank Adds Healthcare Payment Automation to its Wholesale Lockbox Service

November 07, 2011 08:30 AM Eastern Time 

Fully Integrated, Electronic Payment Application Streamlines Payment Cycle, Enhances Billing Efficiency

MCLEAN, Va.--(BUSINESS WIRE)--Capital One Bank today announced the launch of its enhanced healthcare payment solution for wholesale lockbox clients in the healthcare industry. With this new payment automation clients benefit from a streamlined payment cycle with the ability to process and post third-party payments electronically. The new service works seamlessly with the existing lockbox solutions already offered by the Bank and its other commercial lending products and services.

“Instead of staff spending countless hours sorting mail, matching paper and electronic remittance advices to expected payments and posting third-party payments, they can now take advantage of our innovative technologies to fully automate these time-consuming tasks and focus on more strategic business objectives.”

"Administrative and financial transactions in the healthcare space are necessarily converging as healthcare laws evolve, and Capital One Bank is committed to helping our clients achieve a competitive advantage through this process," said Colleen Taylor, Executive Vice President and Head of Treasury Management & Merchant Services at Capital One Bank. “Instead of staff spending countless hours sorting mail, matching paper and electronic remittance advices to expected payments and posting third-party payments, they can now take advantage of our innovative technologies to fully automate these time-consuming tasks and focus on more strategic business objectives.”

Capital One Bank’s suite of treasury management solutions helps healthcare providers improve their working capital, streamline their revenue cycle and reduce back office expenses by automating the payment posting process. Enhancing their existing wholesale lockbox service with the new healthcare payment automation services will help providers streamline the payment posting process, reduce costs and shorten the revenue cycle. Capital One Bank’s new health care processing solution will be available in the first quarter of 2012.

The new service simplifies and streamlines the third-party payment process by providing automated, processing of all paper and electronic remittances and provides a centralized location for administrators to obtain details on all payments. It truncates checks and all of the associated paper documents at the lockbox and automatically deposits payments into the company’s bank account. This reduction of paper documents also will help to reduce associated privacy protection and HIPAA-compliance risks for medical providers.

“The healthcare industry is a key area of focus at Capital One Bank, and we are excited about further enhancing our full suite of commercial lending products and services, especially at a time when operational efficiency means greater success in the market,” said Taylor.

For more information about Capital One Bank’s Treasury Management healthcare lockbox solution, please contact your Treasury Management Sales Advisor or treasury@capitalonebank.com

About Capital One Financial Corporation

Capital One Financial Corporation (www.capitalone.com/) is a financial holding company whose subsidiaries, which include Capital One, N.A. and Capital One Bank (USA), N. A., had $128.3 billion in deposits and $200.1 billion in total assets outstanding as of September 30, 2011. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients. Capital One, N.A. has approximately 1,000 branch locations primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.

Visa Survey Says "Smart Spending" is the Theme This Holiday Season

November 07, 2011 08:00 AM Eastern Time 

SAN FRANCISCO--(BUSINESS WIRE)--Smart holiday spending is top of mind according to this year’s Visa Gift Giving Survey commissioned by Visa Inc. (NYSE:V). 58 percent of respondents say a holiday budget will be in place before they begin shopping this season – 10 percent more than last year. When asked how their holiday budget will compare to last year, only seven percent expect to have more to spend this year, while 31 percent will have less to spend.

“Putting financial control back into the consumer’s hands is important during the holidays.”

As consumers keep an eye on spending, 51 percent of respondents believe that giving a Visa Gift card would help them stay within their holiday budget.

Respondents are also happy to receive gift cards and would prefer them over other gifts.

• 78 percent of survey respondents said they would rather receive a Visa Gift card than a gift card for a specific store or restaurant.
• 59 percent of respondents would prefer to receive a Visa Gift card over a gift like clothing or an item for the home such as a picture frame or candles.

“Visa Gift cards can help shoppers keep a close eye on holiday spending, while allowing recipients to purchase what and where they want,” said Lisa McFarland, head of consumer prepaid products, Visa Inc. “Putting financial control back into the consumer’s hands is important during the holidays.”

Gift cards put the recipient in control, giving the choice to buy something practical or indulge. When survey respondents were asked how they would use a Visa Gift card if they were to receive one this holiday season, the top three responses were:

• To indulge in something they might not normally be able to afford, such as a special dinner, jewelry, clothing or personal electronics(61 percent).
• To buy “life essentials” such as groceries or household products, or to pay bills (58 percent).
• To get something they didn’t receive from their holiday wish list (51 percent).

Even with the best intentions, finding the perfect gift isn’t easy. According to the survey:

• 45 percent of consumers still have at least one unopened holiday gift from last year.
• 26 percent admitted to returning at least one gift from last year.
• 22 percent admit to re-gifting at least one of their holiday gifts from last year.

Visa Gift cards can be used at millions of online and retail locations, giving recipients the convenience and flexibility to use the card where they want.

The data was collected in a national telephone survey examining consumers’ plans, perceptions and habits relating to gift giving. For additional holiday insights, visit the Visa Holiday Website at visa.com/giftcardguide.

About Visa Inc.

Visa Inc (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable digital currency. Underpinning digital currency is one of the world’s most advanced processing networks—VisaNet—that is capable of handling more than 20,000 transaction messages a second, with fraud protection for consumers and guaranteed payment for merchants. Visa is not a bank, and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: Pay now with debit, ahead of time with prepaid or later with credit products. For more information, visitwww.corporate.visa.com.

About the Visa Gift Giving Survey

The 2011 Visa Gift Giving Survey was a telephone survey conducted among a national probability sample of 1,014 adults comprising of 502 men and 512 women 18 years of age and older, living in private households in the continental United States. Interviewing for this CARAVAN® Survey was completed during the period August 26-29, 2011.

Gross Transaction Value of Mobile Payments in Taiwan to Rise to $15.6 Billion in 2015

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of IE Market Research Corp.'s new report "3Q.2011 Taiwan Mobile Payment Market Forecast 2009 - 2015: Gross transaction value of mobile payments in Taiwan to rise to $15.6 billion in 2015" to their offering.

Gross transaction value of mobile payments in Taiwan to rise to $15.6 billion in 2015”

Taiwan Mobile Payment Market Forecast provides a comprehensive forecast of Taiwan's mobile payment market. We cover annual forecasts of mobile payment users; mobile payment transactions by technology (such as NFC, SMS, WAP, USSD); and mobile payment transactions by type of purchase (such as merchandise, digital products, ticketing, mobile money transfers, bill payments, and pre-paid top-ups). The report is based on Global Consumer Telecommunications Survey-- which covers 50,000 mobile users in 50 markets globally and is the most extensive country-specific forecasts of its kind.

This report will be useful to:

• Strategists and analysts at mobile phone operators and banks/credit card companies responsible for mobile payment strategy development and business analytics
• Developers of mobile payment systems at handset manufacturers
• Device manufacturers in all areas of the telecommunications market that need strategy recommendations on key trends in the global mobile payment industry
• Financial analysts and portfolio managers covering firms in the mobile payment market
• Consultants advising their clients on mobile payment markets
• Researchers who need to gain a better understanding of the global mobile payment market

Key Topics Covered:

Series Covered in this Country Forecast, 2009 - 2015

Mobile Payment Users (millions)

Mobile Payment Transactions by Technology (millions)

Mobile Payment Transactions by User Case (millions)

Gross Transaction Value for Mobile Payments by User Case ($ millions)

Average Transaction Size of Mobile Payments by User Case ($)

For more information visit http://www.researchandmarkets.com/research/fa0f04/3q_2011_taiwan_mob.