From 2013 to 2017, the number of POS-ready mobile devices is expected to grow by nearly 400 percent. Although smartphones are largely fueling this explosion, tablets are also helping to drive this trend. In a recent survey, 70 percent of merchants cited larger screen sizes as one of the biggest advantages of tablets over smartphones.
As the smartphone wars rage on, it appears that Android has an insurmountable lead. Google-enabled mobile devices enjoy 53 percent market share, compared to only 31 percent for iPhones. And as recently as Q3 2013, nearly 81 percent of all shipped mobile devices used the Android platform.
From online commerce to retail shopping to Wall Street, the U.S. is accustomed to being the world’s financial leader. But when it comes to EMV technology, we’re the latecomers to the party.
Short for Europay, MasterCard and Visa, EMV chip-enabled credit cards (“smart cards”) have already become the standard worldwide, championed for their fraud protection and security features. However, despite being nearly 20 years old, EMV technology has barely touched American soil.