Electronic Commerce International, a provider of credit card processing for small business, has predicted that 2013 will be another big year for mobile payment solutions among small and medium size businesses. Further, ECI CEO Jim Anderson said it could could become vital to keeping many small merchants competitive.

"We've already seen from this holiday season that well over 20 percent of sales are going to be from a mobile source, and that is expected to rise," Anderson said. "For our small business merchants, getting a mobile payment system in your store front is going to be crucial to be able to continue to compete."

According analysts at Forbes, this can be especially true for those in the restaurant business. In December, the company reported that "currently less than one in 10 table service restaurants offers electronic table-side payment or mobile payment, and those are some of the things that the industry's key demographic — 18- to 34-year-olds — want."

Read more about mobile initiatives.

Related Content

User Comments – Give us your opinion!
Products & Services

McAlister's Famous Sweet Tea™

http://global.networldalliance.com/new/images/products/6361.png

6361/McAlister-s-Famous-Sweet-Tea

MP75 High Definition Digital Media Player with GPIO

http://global.networldalliance.com/new/images/products/4912.png

4912/MP75-High-Definition-Digital-Media-Player-with-GPIO

Moffat Turbofan E35

http://global.networldalliance.com/new/images/products/6713.png

6713/Moffat-Turbofan-E35

Remote Service | Content Management Service

http://global.networldalliance.com/new/images/products/6685.png

6685/Remote-Service-Content-Management-Service

Lower start-up costs

http://global.networldalliance.com/new/images/products/5601.png

5601/Lower-start-up-costs

Remote Monitoring, Management & Measurment Software - CommandPoint

http://global.networldalliance.com/new/images/products/2260.png

2260/Remote-Monitoring-Management-Measurment-Software-CommandPoint

HotSchedules

http://global.networldalliance.com/new/images/products/6543.png

6543/HotSchedules

PeopleMatter HIRE™

http://global.networldalliance.com/new/images/products/4625.png

4625/PeopleMatter-HIRE

Value Based Franchise Model

http://global.networldalliance.com/new/images/products/5581.png

5581/Value-Based-Franchise-Model

LG 47WS50BS-B

http://global.networldalliance.com/new/images/products/6433.png

6433/LG-47WS50BS-B

CONNECT 2014 Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.