Four Times More Consumers Consider Mobile Payments Safer Than Credit Cards

Dec 13, 2011

Four Times More Consumers Consider Mobile Payments Safer Than Credit Cards


MarketWatch - It's hard to put a price tag on security and privacy, but a recent study of consumers' online and mobile purchasing attitudes conducted by Javelin Strategy & Research and PaymentOne ( www.paymentone.com ) found 4 out of 5 consumers would spend more online if offered an easier and more secure way to pay. The survey also found that by a margin of almost 4 to 1, consumers believe direct carrier-billed mobile payments are more secure than using credit and debit cards for online digital purchases. How much more would consumers spend if they didn't have to share their sensitive personal data or type in a long credit card number to complete their purchase? The Javelin survey finds that online merchants could add aggregated yearly revenue of $109.8 billion, simply by offering an alternative "no-credit-card-required" way to pay at checkout.

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