Billed as the world’s largest payment and financial services event, Money 20/20 kicks off in Las Vegas on October 23rd. The Rambus Bell ID team will be at booth 2525 in the Venetian Hotel, discussing all things mobile payments and tokenization, including newly announced products to simplify the deployment of NFC services
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Making mobile payments simple
Mobile payments offer a plethora of benefits for consumers, retailers and financial institutions. For consumers, mobile wallets provide a convenient, “tap and go” frictionless commerce experience that seamlessly integrates loyalty cards, boarding passes, ID cards, coupons, event tickets, alerts and notifications. For retailers, mobile wallets can offer businesses the ability to engage users with an immersive, in-app experience that starts at the beginning of a retail journey and continues indefinitely with notifications, reminders of upcoming expiration dates, archived digital receipts and a real-time tally of current loyalty bonus points. For banks, digital wallets, which are far more secure than credit or debit cards, have fast become a strategic focus as consumer interest ramps up.
Mobile payment trends in 2016 and beyond
Michelle Evans of MobilePaymentsToday recently wrote an article about the top trends shaping mobile payments in 2016. Citing a Euromonitor International survey, Evans reports that mobile-driven commerce will reach an estimated $972.25 billion across 46 markets in 2016, with mobile payments expected to hit $3 trillion by 2021.
Microsoft catapults FPGAs to new heights
Karl Freund of Moore Insights and Strategy recently penned an article for Forbes about Microsoft’s extensive deployment of FPGA’s in the data center and beyond.
As Freund notes, Microsoft currently uses field programmable gate arrays to accelerate its Bing search engine (Project Catapult) along with its Azure Cloud, which has at least one FPGA in each server – delivering over one “exa op” (one billion operations per second) of total throughput across data centers in 15 countries.
Double digit CAGR forecasted for mobile wallets
A new report published by Credence Research forecasts double digit CAGR for the global mobile wallet market from 2016-2023.
“Mobile wallet technology is touted to be the next generation technology in the era of cashless transactions, replacing traditional plastic cards,” the researchers explained in a report summary.
Mirai botnet targets IoT devices
In late September, cybersecurity journalist Brian Krebs’ website was overwhelmed by a massive DDoS attack that hit at a rate of 620Gbps, forcing Akamai to temporarily suspend service. In a blog post describing the cyber assault, Krebs said the attack had likely been conducted with the help of a botnet that enslaved a significant number of compromised IoT devices, including routers, IP cameras and digital video recorders (DVRs).
