Adoption of digital wallet faces hurdles. Mobile commerce is facing the same concerns over security as e-commerce a decade ago, but technology allowing people to make payments over wireless electronic devices is likely to proliferate faster.
"Technically, there are always risks when you use credit cards, on a cell phone or not," Jason Hennessey, CEO of search firm Everspeak Interactive, tells CNBC.com. "There are security barriers in place for mobile payments, but until the kinks are completely worked out we could see some problems in this area. " Hennessey notes that mobile payment options, such as Google's recently launched mobile wallet system, stores a user's credit card information on his or her phone so that select merchants can then accept this as a method of payment.
It allows users to tap their phone against wireless readers and easily make a payment. The biggest risk, however, is actually a lost phone. Why There Aren’t More Daily Deals for Groceries. Find out why grocery stores haven’t jumped on the daily deal bandwagon with this story from MainStreet.
There are daily deal sites for everything from restaurants and hotels to clothing and spa services, but until recently there were no websites specifically offering group-buying discounts on what is arguably the most essential shopping trip for consumers: groceries. If you want to find deals on everyday products like eggs, juice and cereal, there is certainly no shortage of coupon websites and newspaper circulars promoting dollar-off deals or buy-one-get-one-free offers, but shoppers would be hard-pressed to find the kind of limited-time 50%-90% off daily deals that websites like Groupon and LivingSocial have turned into the new normal. LivingSocial made headlines last month when it sold $20 vouchers to Whole Foods nationwide for half price, a deal that was purchased 1 million times.
Panel: Radio Is Well Suited For Daily Deals. The radio industry, with its local roots, is perfectly positioned to take full advantage of the growing social deals space, a panel of radio industry executives said during a Wednesday panel session at the NAB-RAB's Radio Show in Chicago.
[Updated] Despite Groupon’s Web traffic dropping nearly 50% since June and Facebook abandoning its competitive effort in August after a four-month test, U.S. consumer spending for social deals is expected to grow to $2 billion this year, according to a new analysis by BIA/Kelsey. Mark Fratrik, vice president for the Chantilly, Va. -based local media industry consultancy, shared the findings Wednesday at the National Association of Broadcasters and the Radio Advertising Bureau’s annual Radio Show in Chicago.
Fratrik and fellow speakers at the session “What’s the Real Deal with Daily Deals?”