Mobile Payment Industry News: 03/27/12

Tuesday, March 27, 2012

OTI Files NFC Patent Infringement Suit Against T-Mobile

PRESS RELEASE

March 27, 2012, 2:00 a.m. EDT

Patent Covers a Design Critical for Implementing NFC in Mobile Phones

The "V-SIM" Patent Covers Authentication Outside the SIM Card
and is owned by NFC Data, Inc.

ISELIN, N.J., Mar 27, 2012 (GlobeNewswire via COMTEX) -- On Track Innovations Ltd. ("OTI")OTIV +14.38% today announced the filing of a patent infringement lawsuit alleging that T-Mobile USA, Inc. sells Near Field Communication (NFC) enabled phones that infringe OTI's U.S. Patent No. 6,045,043. NFC technology enables contactless payments with mobile phones, loyalty programs, data mining, and other applications. The lawsuit is pending in the United States District Court for the Southern District of New York, Case No. 12-CV-2224.

This patent is part of OTI's extensive intellectual property portfolio, including over 100 issued patents and pending patent applications encompassing product applications, software platforms, system and product architecture, product concepts and more in the fields of Near Field Communications (NFC), contactless payments, secure ID, petroleum and parking solutions.

"We believe in the strength and value of our intellectual property and have the resources to protect it," said Oded Bashan, OTI Chairman and CEO. "We are also happy to provide innovative technology and partner with others in the industry to facilitate the growing future of contactless payments, data capture, loyalty programs, and more."

OTI is a pioneer in the contactless payment market and supported MasterCard and Visa, among others, in the creation and implementation of contactless transaction processing and payment solutions. OTI provides NFC devices and reader solutions including the COPNI (Contactless Payment and NFC Insert) device, which adds NFC capability to existing (non-NFC) mobile phones.

"This lawsuit is another step in OTI's ongoing strategy to leverage its IP assets, following the recently announced technology license agreement with a multibillion dollar corporation, and the issuance in January this year of OTI's U.S. Patent No. 8,090,407, entitled "Contactless Smart SIM," Bashan explained.

About On Track Innovations Ltd. ( www.otiglobal.com )

On Track Innovations Ltd. ("OTI") designs, develops and markets secure identification, payment and transaction processing technologies and solutions for use in secure ID, payment and loyalty applications based on its extensive IP portfolio. OTI combines state-of-the-art contactless microprocessor-based technologies and enabling hardware with proprietary software applications to deliver high performance, end-to-end solutions that are secure, robust and scalable. OTI solutions have been deployed around the world to address homeland security, national ID, medical ID, Near Field Communication (NFC), contactless payment and loyalty applications, petroleum payment, parking and mass transit ticketing. OTI markets and supports its solutions through a global network of regional offices and alliances.

New Study Shows That Big Banks Are Losing Millions of Customers to Small Credit Unions

According to a new study by Titan List & Mailing Services, Inc., big banks are losing millions of customers to smaller credit unions due to additional or rising fees. Titan List discusses this recent trend and the impact on credit unions and smaller banks, as well as their approach to customer acquisition and retention through targeted data lists and direct mail campaigns.

Many of the largest banks are losing millions of customers to smaller credit unions due to rising fees. Increases to fees or new fees, in addition to the elimination of reward programs, are giving credit unions and community banks a competitive advantage, which charge lower or no fees to their regular customers. According to a new study conducted by Titan List & Mailing Services, Inc., a leading direct mail advertising firm, the fees implemented by larger banks is the primary reason consumers have been switching to smaller banks and credit unions. Also discussed is Titan List’s approach to customer acquisition and retention through targeted data lists and direct mail campaigns.

Increases from banks such as $5 charged each month to consumers that use their debit cards to make purchases, or increased monthly fees on checking accounts, can be attributed to the bank’s reactions to government imposed fee reduction regulation programs that were designed to protect consumers and retailers from the high costs of overdrafts or other fees. This greatly affected the bank’s revenue, which led to price increases in other services such as checking accounts or debit card purchases.

Credit Unions have been seizing these opportunities to grow their members, due to the high level of consumers not satisfied with the fees and the service at large banks. According to Jared Braverman, director of marketing at Titan List & Mailing, “our credit union clients are having enormous success finding new customers through a combination of targeted data lists and direct mail campaigns. An effective criteria selection for the data lists uses geo targeting to search for customers in a specific radius, and then narrows the criteria with selects such as income, gender, or homeowners. Credit data can also be leveraged to pre-qualify leads with credit history, or existing credit cards.”

Direct mail campaigns have long been employed by credit unions or mortgage shops to find new customers, or offer incentives and services to existing customers. According to Braverman, “direct mail campaigns are an effective method to target a specific group of individuals that have an interest in a product or service. Other advertising methods such as tv, radio, or newspaper, don’t have the ability to target a specific demographic, so it is much harder to determine a realistic ROI. In addition, it is easy to track the results of a direct mail campaign by using custom 800 phone numbers or promo codes specifically for the campaign.”

ScholarChip® Announces New Platform for NFC Phones

With new ScholarChip applications, teachers and administrators can use smart phones and ScholarChip smart cards to take attendance and monitor hallways.

NEW YORK, March 23, 2012 /PRNewswire-iReach/ -- ScholarChip® is pleased to announce the immediate availability of its school safety and operations applications for phones equipped with Near Field Communication (NFC) technology.

SCHOLARCHIP Parents with NFC enabled smart phones will be able to tap their child's smart school-ID on their phone and securely enter directly into ScholarNotify. With a tap, parents will be able to view notifications and navigate to student attendance and discipline records. (PRNewsFoto/ScholarChip) NEW YORK, NY UNITED STATES

ScholarChip's School Safety and Operations (SSOS) platform includes applications for taking attendance in classrooms and on school buses, monitoring hall traffic, paying for public transportation, making mobile payments, and ticketing for extracurricular events. The applications have been highly successful, using ScholarChip kiosks to read students' smart cards and other tokens. Now the process can be even easier.

New NFC-equipped Android phones can now complement the existing devices that read ScholarChip tokens. ScholarChip has issued more than 700,000 smart tokens over the past six years—including smart cards, fobs and paper tags—and the new NFC applications will be compatible with all of ScholarChip's existing tokens, integrating seamlessly into the company's established SSOS platforms.

A school using the new ScholarChip SSOS platform will be able to consolidate operations, reducing administrative overhead costs while increasing security and accountability.

The addition of NFC mobile devices to ScholarChip's SSOS platform will create an integrated experience for both students and teachers. A student travels to school in the morning simply by tapping her token against an NFC phone on the school bus, or a contactless reader on the public bus or at the subway turnstile. When she gets to school, she can then check in at an entry kiosk, allowing teachers and administrators to know that she has arrived safely. In her various classes, she registers attendance against a kiosk or an NFC phone, generating an attendance record for that class. At lunch, she can use her token to register attendance in the cafeteria or tap her card against a Point-of-Sale reader to pay for a meal or snack. For special events, such as sports games and concerts, a school attendant can use an NFC phone to monitor entry by authorized students. A student's wallet, keys and various other cards and tickets can all be consolidated into one secure token, which teachers and administrators can now read using Android phones.

ScholarChip is a leading provider of advanced applications for the educational community. ScholarChip has pioneered the concept of integrated SSOS for K-12 schools. The system includes a variety of applications to manage school operations and safety while reducing administrative overhead.

ScholarChip's programs also extend beyond K-12 schools. In the College and University market ScholarChip provides advanced financial solutions including Tuition Plans, Loan Servicing, Payment Gateway and notificatio

Mobile Commerce Leader ViVOtech Announces New Round of Funding

vivotech company logo (Photo credit: Wikipedia)

- Provides critical mCommerce software and systems infrastructure for major financial, retail, mobile and online services companies globally

- Shipped well over half of the NFC payment terminals installed by merchants globally

- Raised $96 million in total venture capital since founded

- Financing positions company to support the rapid expansion of mobile commerce and rollout of NFC payments

SANTA CLARA, Calif., March 26, 2012 /PRNewswire/ -- ViVOtech, the near field communication (NFC) software and systems company, today announced the first closing of its Series D round of funding. This internal round will bring ViVOtech's total funding to $96 million since the company was founded and positions ViVOtech to support growing market momentum and drive the rapid expansion of mCommerce worldwide.

ViVOtech provides critical infrastructure to retailers and all major players in the mobile commerce ecosystem. Its software andPoint-of-Sale (POS) technologies are used by major financial services firms, leading mobile carriers, smartphone OEM's and online players such as the Google Wallet, and is integrated with Isis mCommerce solutions. ViVOtech has shipped nearly one million NFC payment readers to 328 customers in the United States and 181 customers internationally, accounting for well over half of all installed NFC readers globally.

According to Forrester Research, mobile commerce is expected to reach $31 billion by 2016, driven by the rollout of NFC and other mobile payment technologies. Google (through Google Wallet), Isis, PayPal, and major financial services firms including Visa, MasterCard, and Citi, all have significant mobile commerce initiatives underway that will drive consumer adoption. Additionally, the tsunami of new NFC-equipped devices that are expected to hit the market over the next two years, and the deadline for merchants to transition to the EMV (Eurocard-MasterCard-Visa) standard in the U.S. by 2015, are providing further incentive for merchants to begin upgrading their payment systems now to support NFC payments. ViVOtech stands to benefit significantly from these trends.

"Companies across the mCommerce ecosystem are racing to capture their share of what is expected to be a massive opportunity," said Michael "Mick" Mullagh, ViVOtech's executive chairman. "This is driving strong demand for our software and systems. With this latest financing, we're armed to extend our leadership position providing the infrastructure needed to deliver on the promise of mCommerce."

"We're fortunate to be supported by a stellar group of venture and strategic investors," added Mullagh. "It's gratifying to see that, after many years of seeding the NFC reader market, we're now gaining strong commercial traction with our market-leading Trusted Service Management (TSM), Touch, Marketing and Loyalty software offerings for NFC- and QR code-based mCommerce initiatives."

About ViVOtech

ViVOtech, the near field communication (NFC) software and systems company, enables rich mobile commerce solutions for in-store payment, loyalty, marketing, and merchandising. Merchant, payment, mobile, web and advertising companies use ViVOtech solutions to enhance customer experience and grow their business. ViVOtech has shipped nearly 1 million NFC contactless readers and conducted more than 40 field trials of its NFC software, making ViVOtech NFC technology the broadest, most tested and deployed worldwide. Founded in 2001, Silicon Valley-based ViVOtech provides the key building blocks of the NFC ecosystem: smart applications for enhancing the customer experience, trusted service manager (TSM) software, and point of sale systems. ViVOtech's' investors include Alloy Ventures, Citi Ventures, Draper Fisher Jurvetson (DFJ), EDBI (Singapore), First Data Corporation, Miven Ventures, Motorola Solutions Ventures , Motorola Mobility Ventures, Nokia Growth Partners, NCR, SingTel Innov8, and Sprint. Join the NFC revolution at http://www.ViVOtech.com.

Monitise plc: Acquisition of Clairmail Inc.

Image representing Monitise as depicted in Cru...

Image via CrunchBase

Further enhances Monitise’s global leadership position in mobile money

Accelerates penetration of the US market

Expected to be earnings accretive before end of calendar 2013

LONDON--(BUSINESS WIRE)--Monitise plc, (LSE: MONI.L), the technology and services company delivering mobile banking, payments and commerce networks worldwide, announces that it has entered into an agreement to acquire Clairmail Inc., a leading US provider of mobile banking and payments solutions (the “Acquisition”), further enhancing Monitise’s position as the global leader in the fast expanding mobile money market. Clairmail is growing rapidly with revenues in 2011 up by 90% year on year.

“Since 2004, we have been dedicated to helping our financial institution clients interact with their customers and drive new sources of revenue via mobile, the strategic channel of the future.”

The Acquisition consideration will be satisfied entirely by the issue of up to 312,787,144 new Ordinary Shares representing approximately 26.5% of the fully diluted share capital of the enlarged Company¹, post completion, and values Clairmail at approximately US$173²m (£109m), based on Monitise’s share price of 35.0 p as of the close of trading on March 23, 2012. The deal is conditional upon US regulatory and shareholder approvals. It is expected that the Acquisition will be completed before the end of the financial year 2012.

Acquisition highlights and benefits:

Further enhances Monitise’s position as the leader in mobile money globally.
Creates a pure-play mobile money company of unprecedented scale, in the US, which is expected to be the world’s largest mobile banking and payments market.
Unique bank-grade technology capabilities, network partnerships and R&D expertise.
Currently, the combined businesses provide world-leading mobile money services to 13m registered end consumers via some of the world’s leading financial institutions such as the Royal Bank of Scotland Group, two of the largest card issuers in the US, Lloyds TSB, PNC Bank, U.S. Bank and Fifth Third Bank among others.
Together the combined technology platforms process billions of transactions a year and over US$10bn of payments and transfers on a current weekly annualised basis.
In North America, the combined businesses following the completion of the Acquisition (the “Enlarged Group”), will provide mobile money services to the widest possible range of financial institutions. A third of the top 50 North American financial institutions (including 8 of the top 13) have chosen our services as well as 100s of smaller and medium sized financial institutions. The Acquisition provides a step change in growth potential for the Company through direct sales in North America. This, combined with Monitise’s existing and unmatched Visa Inc. and FIS strategic partnerships, provides the Enlarged Group with a leading position in the US and three commanding routes to market.
Presents significant revenue synergies through leveraging the Enlarged Group’s technology capabilities across the combined customer base and providing access to Monitise’s partnership network:
- Provides proven model for delivering services on both an on-premise and a Software as a Service (SaaS) basis to financial institutions in the US, maximising the potential pool of customers to which the Enlarged Group would be the supplier of choice.
- Provides the ability to offer enhanced product functionality to US financial institutions and a far broader product roadmap.
- Delivers the benefits of Monitise’s network approach to US customers by enabling customers to connect to a wide variety of service providers spanning finance, merchants, loyalty programmes and ticketing.
The Acquisition creates a world class team with an in-depth knowledge of the US and global markets. The Clairmail management team and employees are expected to remain with the Enlarged Group with Pete Daffern CEO, of Clairmail, working closely with Frank D’Angelo, Executive Chairman Monitise Inc. and former Executive Vice President of Payment Solutions at FIS, as Monitise focuses on accelerating its significant growth opportunity in the US.
The Enlarged Group has 600 staff across North America, Europe, the UK, Asia-Pacific, Africa and India, providing an unprecedented level of expertise in this high growth space.
A detailed integration plan is in place and integration will begin immediately following closing.

Financial summary and outlook:

Like Monitise, Clairmail is in the high growth stage in addressing the substantial global mobile money opportunity.
Clairmail’s revenues grew by 90% in calendar 2011 to US$18m³ (£11m), with a minimum contracted order book at year end of US$47m (£30m), plus an additional US$36m (£23m) of expected user generated revenues from existing contracts.
On a pro forma basis, the Enlarged Group’s revenues for calendar 2011 would have been US$56m⁴(£35m), with a minimum combined order book at year end of US$178m (£113m), plus a further US$226m (£143m) of expected revenues from existing contracts.
Combined pro forma revenues for calendar 2012 are expected to be close to US$100m.
The EBITDA⁵ loss for Clairmail in calendar 2011 was US$21m⁶(£13m), giving a pro forma EBITDA loss for the Enlarged Group of US$43m (£28m).
Before the end of calendar 2013, Monitise expects the Acquisition to be earnings accretive and the Enlarged Group to achieve EBITDA breakeven, with gross margins in excess of 70% by June 2013.
The Enlarged Group’s net cash balance on a pro forma basis at the end of calendar 2011 was US$73m (£46m).

Alastair Lukies, Monitise Group Chief Executive, commented:

“Monitise has established itself as the world’s number one platform and ecosystem of choice in the hugely exciting mobile money industry. This transaction further enhances this leadership position and is great news for all those wanting to offer bank-grade mobile money services to billions of consumers worldwide.

Combining Monitise and Clairmail substantially accelerates our already strong position in one of the world’s leading banking and payments market, namely the US. With a population of 314 million and over a 100% mobile phone penetration, it is anticipated that 111 million US consumers will be using mobile banking by 2016⁷ while mobile commerce revenues are forecast to hit $31 billion in 2016⁸. The future of payments, the internet, retail and social networking is all mobile.

This deal is transformational for our customers, our team, our shareholders and our company. With the ongoing support of our strategic partners such as Visa and FIS we are perfectly placed to help our clients in the financial services industry defend and extend their position amid the seismic changes being unleashed by mobile.

Pete and his team have done an impressive job in building relationships, products and the overall Clairmail business which is very well respected in the US market. We look forward to welcoming them to the Monitise journey.”

Pete Daffern, Clairmail Chief Executive Officer, commented:

“Since 2004, we have been dedicated to helping our financial institution clients interact with their customers and drive new sources of revenue via mobile, the strategic channel of the future.

Consumers in the US are benefiting from increasingly innovative and integrated mobile banking, payments and commerce services on their handsets so they can manage their money on the move. Clairmail has established itself as a market leader as the appetite for mobile banking and payments has grown exponentially.

We are excited to be joining the Monitise family at a key point in the mobile money revolution. This combination presents a significant opportunity to jointly propel our innovative and market-leading products and services to the next level. Together, we are a more attractive partner for our customers and a more exciting company for our employees.”

The full press release is available at http://www.monitisegroup.com/media/press_releases?id=564

Goldman Sachs International acted as financial adviser and Canaccord Genuity Limited as Nominated Adviser and Broker to Monitise in connection with the Acquisition.

¹ Taking account of assumed issue of warrants and shares under option scheme
² Foreign exchange rate for Sterling/US Dollar used is $1.58, being the rate as at 23 March 2012
³ Management estimates of rebased IFRS numbers and accounting policies, equivalent revenues of $13m under US GAAP
⁴ Includes management estimates of rebased IFRS numbers and accounting policies
⁵ Defined as Earnings Before Interest Tax Depreciation and Amortisation, share based payments and exceptionals
⁶ Management estimates of rebased IFRS numbers and accounting policies, equivalent EBITDA loss of US$18m under US GAAP
⁷ Javelin Research, 2012
⁸ Forrester Research, 2011

Digital River World Payments and Lotaris Partner to Extend Mobile Application Licensing and Monetization Capabilities to Software Publishers

March 27, 2012 08:30 AM Eastern Daylight Time

SAN FRANCISCO--(BUSINESS WIRE)--Lotaris, Inc., a leader in mobile application licensing and transaction management for enterprise software publishers, announced a global agreement with Digital River World Payments. Based on the agreement, software publishers using Digital River’s World Payments solution now will have access to extended mobile application licensing and monetization capabilities provided by Lotaris.

“Digital River World Payments provides online merchants with innovative cloud commerce, payment and entitlement solutions that allow them to directly access customers and grow revenue anytime, anywhere, any way”

Lotaris’ mobile monetization delivery platform enables software publishers to drive end-user engagement in-application by enabling mobile-appropriate business models, including free trials, freemiums, subscriptions, and renewals. The platform also delivers in-app analytics to explore user behavior and trigger relevant purchase propositions and transactions. With this joint solution, software publishers can easily manage entitlements and transactions across multiple screens and platforms in the PC, Web and mobile domains.

The comprehensive payment solution from Digital River, the revenue growth experts in global cloud commerce, features customizable services for managing the complete payment lifecycle. The services, which work through a single-payments connection, include checkout page optimization, multi-variate testing, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools.

“Digital River World Payments provides online merchants with innovative cloud commerce, payment and entitlement solutions that allow them to directly access customers and grow revenue anytime, anywhere, any way,” said Souheil Badran, senior vice president and general manager of Digital River World Payments. “We intend to continue to extend our leading global cloud commerce to fully enable next-generation business software licensing models.”

“Tomorrow’s software and content monetization requires a holistic approach across platforms and business models. This joint effort will enable software publishers to manage PC, Web and mobile commerce needs on one global platform. Our work with Digital River World Payments will extend revenue opportunities for software publishers around the globe,” said Robert Tibbs, founder and CEO of Lotaris.

About Lotaris, Inc.

The Lotaris Behavior-Based solution – easily embedded within mobile apps – provides delivery, activation, user activity analysis, interactive messaging, subscription, billing and payment based on real-time and fine- grained user behavior. Based in Switzerland, with subsidiaries in San Francisco, Singapore and Tokyo, Lotaris services apply PCI-compliant infrastructure globally. From proprietary servers in Calif. and Hong Kong, Lotaris technology is currently licensed by global ISVs and is distributed in mobile applications on smartphones and tablets, and through applications stores globally. For more details about Lotaris, visit the lotaris.com website or call +1.415.659.1532.

U.S. Bank's Global EMV Corporate Card Hits the Market

March 27, 2012 10:00 AM Eastern Daylight Time

MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank officially launched its Global EMV commercial card this week, bringing U.S.-based corporate travelers greater convenience when traveling abroad.

“For international business travelers, the U.S. Bank Global EMV Card delivers greater convenience and compatibility with overseas merchants”

Last summer, U.S. Bank became the first in the United States to issue a dual EMV chip and contactless payment card for retail customers with its FlexPerks Travel Rewards Visa(R) Signature Credit Card. A few months later, the bank said it would be launching a similar card for commercial travelers in 2012.

The U.S. Bank Global EMV Card contains the magnetic stripe technology used in the United States, but also includes the EMV Chip technology widely used in Canada, Europe and other geographies. Combining both technologies on one card ensures that purchases can be conveniently processed around the world. It also gives employers a smooth way to introduce EMV technology to their cardholders.

In an EMV card, an embedded microprocessor (“chip”) in the card allows for both chip-and-signature and chip-and-PIN authentication options. The PIN option provides trouble-free use in train stations, parking lots and other places where agents are not always available to process transactions. Where no PIN is required, cardholders can sign for their purchases.

This Global EMV card is being offered as an optional component on most U.S. Bank commercial card lines and as a standard offering for the U.S. Bank Executive and Executive Platinum card. It is available on both Visa and MasterCard platforms.

“For international business travelers, the U.S. Bank Global EMV Card delivers greater convenience and compatibility with overseas merchants,” said Jeff Rankin, senior sales and marketing officer for U.S. Bank Corporate Payment Systems. “It allows cardholders to go anywhere in the world with confidence. This natural evolution of our travel card offering promises to bring more global consistency to our customers.”

U.S. Bank, the second-largest corporate travel card issuer in the United States, already issues chip-enabled cards to its commercial customers in Canada. In July 2011, the bank began issuing commercial cards with full chip-and-PIN capability for corporate clients in Europe, and also introduced EMV technology to the U.S. consumer market with its FlexPerks Travel Rewards Visa^®card.

U.S. Bancorp (NYSE: USB), with $340 billion in assets as of Dec. 31, 2011, is the parent company of U.S. Bank, the fifth-largest commercial bank in the United States. The company operates 3,085 banking offices in 25 states and 5,053 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and its employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.

Mobile Payment Market, Users Worldwide & Countries Forecast to 2014

March 27, 2012 05:28 AM Eastern Daylight Time

DUBLIN--(BUSINESS WIRE)--

Research and Markets has announced the addition of the "Mobile Payment Market, Users Worldwide & Countries Forecast to 2014" report to their offering.

“Mobile Payment Market, Users Worldwide & Countries Forecast to 2014”

Mobile payment or M-payment is a service which is continually gaining in popularity as there are huge number of mobile phone users and bank card holders. This service therefore has great potential as new economic market brings together disconnected banking and telecom sectors.

The number of mobile payment subscribers worldwide was nearly 2 Billion users in 2011. The total value of mobile payment market is expected to cross US$ 500 Billion by 2014. North America and Asia is expected to become the most important markets; together both of them accounting for more than 60% of the total market share and 80% of mobile payment users.

In North American region, United State is expected to dominate the mobile payment market volume with more than US$ 200 Billion by 2015. In Asian region Japan will lead the mobile payment market due to higher per capita income. It will be followed by South Korea, China and India in the 2nd 3rd and 4th position respectively. In Latin America Brazil holds the mobile payment market with 90% market share in 2011. Western Europe mobile payment market is forecasted to grow with a CAGR of 68.17% with the spanning period of 2011 - 2015.

In mobile payment methods, NFC based mobile payment market is growing tremendously. NFC based mobile payment market is likely to grow with a CAGR of 118% in the spanning period of 2011-2015. Mobile Ticketing is expected to capture around 40% share of the total mobile payment market by 2014. The premium SMS market share is predicted to decline due to consumer trend moving towards NFC enabled technology.

ABOUT THIS REPORT

Renub Research report entitled Mobile Payment Market, Users Worldwide & Countries Forecast to 2014 provides a comprehensive assessment of the fast-evolving, high-growth mobile payments space. We recommend this report as must-read insight for mobile commerce stakeholders the world over.

Key Topics Covered: