12.5% of E-commerce Transactions Will Be Mobile By the End of 2013, Gartner Predicts by Bank Systems & Technology

By year-end 2013, location information or profile information from mobile phones will be used to validate 90 percent of mobile transactions, according to analysts at Gartner. The analysts said the rapid adoption of smartphones is forcing banks, social networks and other e-commerce providers to implement the kinds of fraud detection capabilities that have become mainstream with fixed-line computing.

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