CorFire Market Watch, 01-20-2012
Week ending January 20, 2012
South Korea takes lead globally in NFC roll-outs with millions of phones and SIMs
While mobile operators in most other countries are still struggling to roll out even scant volumes of NFC phones that can do payment, ticketing and other applications, South Korea’s telcos have already crossed the 5 million-phone mark–including NFC versions of such high-profile devices as the Samsung Galaxy S II and Galaxy Note.
The country’s two largest operators, SK Telecom and KT, have sold a combined 3.3 million Galaxy S IIs and a total 1 million Vega Racers, another powerful Android phone from South Korea-based Pantech….
IBM: sales from mobile devices double in December
In December, sales stemming from smartphones and tablets accounted for 11% of total online sales, up from 5.5% in December 2010, according to the IBM Benchmark report that tracks online sales of some 500 retailers. Total m-commerce sales for 2011 were expected to exceed $10 billion, according to the Internet Retailer Mobile Commerce Top 300.
The IBM Benchmark also found that 14.6% of all online sessions on retailers’ sites were initiated from a mobile device, more than double the rate of 5.6% during the same period in 2010. This includes traffic to m-commerce sites and the e-commerce sites of retailers without m-commerce sites.…
Visa certifies more smartphones for NFC payments
Visa has added smartphones from Samsung Electronics, Research In Motion and LG Electronics to the list of devices it has certified to work with the 185,000 NFC-based payWave payment terminals in Europe. All the certified products run Visa's payWave application on a secure SIM card and use NFC (Near Field Communications), a short range communications standard, to securely transmit payment information to a contactless payment terminal, according to Visa.…
Perspective: Mobile payments and the regulatory landscape
While the demand for mobile payments in the United States is clear, there is still uncertainty around whether existing regulations should be applied to mobile payments or how the newly created Consumer Financial Protection Bureau (CFPB) will exercise its regulatory authority over the emerging industry. While laws on the subject exist, they fail to address the degree to which technology has outpaced regulations.....
Barcelona first ‘tap and go’ city in Europe
La Caixa, Spain’s largest retail bank, will on Thursday begin rolling out contactless, “tap and go” payments cards and terminals across Barcelona, in one of the biggest deployments of the financial services technology in Europe. The bank will issue 1m cards to its customers containing a wireless computer chip which transmits payment straight to a merchant’s terminal when it is waved or tapped on a special reader. La Caixa is providing 17,000 payment terminals to merchants across the city, to ensure that customers can pay with a single tap everywhere….