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Table of Contents

Lead Story

Coming to terms with escalating compliance requirements

News

Industry Update

New Year's Eve countdown to PCI DSS 3.0

Charge Anywhere puts spotlight on TPSPs

Ingenico spots six payments trends to watch in 2015

Congress of two minds about legal pot

Features

Holiday shopping gets 'pay-by-pay' analysis

The Apple Pay versus bitcoin debate

Wi-Fi continues to raise mobile bar

Views

Cybersecurity predictions for 2015

Banking outside the box

Patti Murphy
ProScribes Inc.

The fight against online payment fraud moves up a level ahead of U.S. EMV rollout

Don Bush
Kount

Education

Street SmartsSM:
Games are for kids — not

Tom Waters and Ben Abel
Bank Associates Merchant Services

Three practices to solidify success in 2015

Jeff Fortney
Clearent LLC

The benefits of tablet-based POS solutions

Michael Gavin
Cayan

Company Profile

PowaPOS

CardCharge

New Products

The next evolution in payment processing

ProcessNow
TransFirst LLC

Illuminated check presenter turns heads and tables

Illuminated Check Presenter
Ready Check Glo Inc.

Inspiration

Happy returns aplenty

Departments

Readers Speak

Feed the mind

Conquering content marketing, scaling sales summits

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

January 12, 2015  •  Issue 15:01:01

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The Mobile Buzz:
Wi-Fi continues to raise mobile bar

In 1999, wireless technology carried data at a rate of 11 megabits per second. Today the most advanced devices can deliver up to one gigabit per second, a thousand times as much data than predecessors were capable of transmitting some 15 years ago.

During that time, the Wi-Fi Alliance has grown from a group of six member companies to nearly 650 working collaboratively to develop and validate multivendor Wi-Fi interoperability. The alliance has certified over 22,000 products; 4,000 of those have been mobile phone and tablet devices. The alliance estimates 25 percent of households currently use Wi-Fi and forecasts annual Wi-Fi device sales could reach 4 billion units globally by 2020.

"Wi-Fi has significantly improved the lives of people and societies all over the world over the last 15 years, but we are just getting started," said Greg Ennis, Wi-Fi Alliance Vice President of Technology. "Wi-Fi and other technologies from Wi-Fi Alliance will be front and center for many years to come, connecting people and things in ways we can only imagine today."

Where do we go next?

With the advent of Wi-Fi direct, device-to-device connectivity and access to Wi-Fi hotspots, mobile device users today encounter fewer connectivity restrictions than in the past. As more consumers carry out financial activities on mobile devices, transaction values have steadily risen. ABI Research Inc. calculated the value of transactions executed on mobile handsets and tablets would total $1.8 trillion in 2014.

Charting what lies ahead on the technology road map, the Wi-Fi Alliance anticipates whole new segments and applications will emerge. Among them will be new frequency bands that deliver the right connection based on range of distance. As the Internet of Things continues to evolve, Wi-Fi will connect new types of devices to each other and the Internet. With the power to connect all things, power-saving mechanisms will fit into the future picture as well.

Emerging market proliferation

Gartner Inc. estimated global mobile device sales would total 1.2 billion units in 2014. In tracking third quarter 2014 smartphone sales, emerging markets exhibited some of the highest smartphone sales growth rates ever recorded, according to Gartner. Eastern Europe, the Middle East and Africa each posted nearly 50 percent year-over-year increases, while the United States saw the largest growth among mature markets, tracked at 18.9 percent year-over-year.

"In the emerging economies, users are adopting smartphones as their exclusive mobile devices, while in developed economies, multidevice households are becoming the norm, with tablets growing at the fastest rate of any computing device," Gartner stated in its research findings.

Gartner projected that by 2018, over 50 percent of electronic device users will go to a tablet or smartphone first for all online activities. "The use pattern that has emerged for nearly all consumers, based on device accessibility, is the smartphone first as a device that is carried when mobile, followed by the tablet that is used for longer sessions, with the PC increasingly reserved for more-complex tasks," said Van Baker, Research Vice President at Gartner.

Baker also believes that as wearable device availability expands, consumer activities on mobile devices will migrate accordingly. Similarly, as voice, gesture and other modalities gain in popularity; and as content consumption begins to outweigh content creation as a task, further transition from PCs to other devices for mobile activities is expected.

Gartner also expects 40 percent of all enterprises to select Wi-Fi as their default connection for nonmobile devices by 2018. One significant reason for this trend revolves around security measures undertaken, such as 802.1X authentication reinforced by the Advanced Encryption Standard, which was broadly introduced via Wi-Fi technology and has reported no serious break-ins, according to Gartner.

Gartner also predicted that biometric sensors will be featured in 40 percent of smartphones shipped by 2016, and fingerprint authentication will be the primary choice for end users. Use of other forms of biometric authentication involving facial, iris, voice and palm vein recognition will remain relatively rare. And with the availability of low-cost smartphones in emerging markets, 78 percent of global sales could come from developing economies by 2018.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

USAePay | Impact Paysystems | Electronic Merchant Systems | Inovio | Board Studios, Inc.