Monday, October 11, 2010

The Advancement of Mobile Commerce

M-commerce or Mobile commerce is the purchase of goods using handsets that use software and run applications through internet use. Below are the advantages and disadvantages of mobile commerce. Please feel free to comment on your use of mobile commerce.


Disadvantages of Mobile Commerce:
  • risking their personal information
  • mobile devices have become so personalized that it is easy to be a victim of fraud or identity theft
  • limited amount of data transfer
  • limited bandwidth
  • federal law protects from stolen credit or debit cards but cannot yet protect from online fraud and processing mistakes that customers risk when purchasing through M-commerce
Advantages of Mobile Commerce:
  • easy to use
  • it is highly convenient in a world where time is precious
  • it is available in any setting at any time without having to physically go anywhere
  • buyers can have easy access to online catalogues and quickly purchase products without any hassles
  • companies have advertising advantages; they can display all of their items and offers to inform and capture the interests of consumers.