The first important bit of news is that Apple’s foray into the mobile payments world will begin this fall with the release of their Passbook software. We mentioned two weeks ago that Passbook would be delayed, however it was recently announced that it would appear in their next iOS as an application.
The second bit of news concerns AuthenTec’s technology, which facilitates software for fingerprint/identity purposes. Apple has made an offer for $356 million dollars to purchase the sensor chip licenses from AuthenTec, which will presumably be used for fingerprint validation for mobile payments in the upcoming Passbook app.
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This is an obvious shot across the bow to Samsung and Google, who could very possibly counter-offer the bid made by Apple for ownership of Authentec. Any firm with reliable technology related to mobile payments will be courting big players like Apple and such in near future.
The NFC (near field communication) software and POS systems company ViVOtech is reported to be shutting down its operations, despite securing nearly $100 million in funding over the past ten years. However CEO Mick Mullagh says otherwise:
“ViVOtech’s business fundamentals are strong and orders and contracts are building in both its reader and software businesses. Over the last six months the company has been executing a strategy to divest its reader business to a qualified buyer. This sale has moved slower than anticipated. ViVOtech has not ceased operations but is in the process of restructuring operations and has reduced its team to a smaller group with the goals of maintaining customer relationship and core contract work, and to address our supplier relationships and commitments, as the company completes plans to divest the reader business and focus on the Software Business. ViVOtech is in dialog with its customers and suppliers on the current situation but will be making no other public statements”.
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ViVOtech develop POS systems and NFC products such as smart posters, contactless readers, writers, and various other software programs. They have also partnered with some of the biggest players in the industry like Google (Google Wallet) and Isis in an NFC joint venture between the largest US mobile companies Verizon, AT&T, and T-Mobile.
This apparent closure comes as an unexpected turn of events, considering the staggering numbers (one million terminals shipped, 80% of the market share for NFC products in the US and double digit millions in sales) and the heavy weight brands that are using their array of products (McDonald’s, Whole Foods and Home Depot).
The questions raised on how this could have happened are abundant. The current consensus is that ViVOtech perhaps hit the market at a stage before NSF technology exceeded market expectations or that their partners VeriFone dropped the relationship in favor of pushing their own reader. Either way, one thing is for sure; the industry players are baffled by this unexpected news.
Context taken from: http://techcrunch.com/2012/07/27/report-google-nfc-partner-vivotech-shutting-down-operations/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29
Shop.org, comScore Inc., and The Partnering Group teamed up to deliver a study that assessed the adoption of mobile technology and willingness of smartphone users to interact with various m-commerce platforms and promotions. It would seem this study was timely what with the rise of smartphone usage and its link to the increasing revenue generated from m-commerce platforms.
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The 2012 Social and Mobile Commerce Consumer study revealed data that furthers the notion m-commerce is indeed on the rise and primarily driven by smartphone usage. The percent of total e-commerce dollars spent while using a mobile device was three times larger than that of the same period in 2010. Moreover, 33 percent of respondents indicated they would be willing to share location information with retailers when prompted through the various map functions on mobile sites or via check-in systems on platforms like Four Square. Vicki Cantrell, current executive director over at Shop.org added; “The biggest news is that smartphone and tablet e-commerce spend tripled from Q4 2010 to Q4 2011, you just can’t ignore these numbers”.
Cantrell concluded that the more important underlying trend is the current convergence of social and mobile worlds which, make it easier for retailers to use geo-location and custom tailored messaging to users.