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@PSFK | # MobileCommerce
LABS
MOBILE COMMERCE PLAYBOOK INTRODUCTION
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MOBILE COMMERCE PLAYBOOK INTRODUCTION
primary means to purchase, there is a growing devices as their primary means to purchase, there is a a merchant or brand. Syncing consumer profiles across
growing set of expectations as to how mobile should channels opens the door to tailored offerings at every
set of expectations as to how mobile should
complement and enhance their lives. As a result, stage of the purchase path, while making loyalty a key
complement and enhance their lives. As a
merchants must evolve their mobile offerings to meet component of longer term strategies.
result, merchants must evolve their mobile
these new desires.
offerings to meet these new desires.
* Generate Trust Through Transparency
Through research and analysis, the PSFK Labs * Build On Personalized Expectations As hacking scandals and misuse of personal information
team identified key opportunities where future- The relationship people have with their mobile devices become more rampant and public, ownership, control
forward merchants and brands can evolve their is different than those with other technologies: they and transparency around data will become competitive
best-in-class mobile commerce experience. are with them all the time and customized to their advantages. Being up-front with consumers about
particular behaviors and uses. Keeping this in mind, how their personal data is being used and adding
merchants should look to design services that build on value to the overall commerce experience can position
this relationship, leveraging known data and behaviors merchants and brands as trusted allies in an otherwise
to deliver utility and surprise at key moments that uncertain marketplace.
deliver on and anticipate need.
BECAUSE MOBILE IS * Recipes To Simplify Actions
ALWAYS AT HAND, IT HAS * Capture On-Demand Intent While portability and everywhere access are clear
Always-on connectivity now enables purchases to advantages, reduced screen size and a reliance on
THE ABILITY TO TOUCH happen anywhere, which has changed the nature touchscreens can make organizing complicated tasks
EVERY STAGE OF THE of how consumers expect to be able to browse and on mobile devices overly difficult. By developing
buy. Whether through social, in print or out in the real custom tools and shortcuts, and partnering with outside
PURCHASE PATH FROM world, mobile should give users the ability to quickly services, merchants and brands can enable users to
DISCOVERY ALL THE WAY connect to products or services as they encounter have more control over their mobile experience.
them and choose appropriate purchase options,
THROUGH TO PAYMENT. capitalizing on their buyer intent.
2
MOBILE COMMERCE PLAYBOOK INTRODUCTION
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MOBILE COMMERCE PLAYBOOK INTRODUCTION
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MOBILE COMMERCE PLAYBOOK INTRODUCTION
TABLE OF CONTENTS
SECTION 1: SECTION 2: SECTION 3:
DISCOVERY PURCHASE POST-PURCHASE
Additional Resources
6 Stores Doing The Most To
Integrate Mobile Into The In-
Personal Storefronts - p. 13 One-Step Authentications - p. 27 Store Experience
p. 19
5
MOBILE COMMERCE PLAYBOOK
I.
WORLD WIDE
WINDOW
SHOPPING
An emerging set of tools and services are taking
An emerging set of tools and services are taking digital
commerce beyond the walls of brand and retailer sites
allows shoppers to quickly discover and buy products
on a wider variety of platforms. This increased flexibility
gives merchants the ability to reach customers wherever
they spend their time, creating increased opportunities to
showcase products and enable sales.
6
MOBILE COMMERCE PLAYBOOK I.WORLD WIDE WINDOW SHOPPING
BEST-IN-CLASS INNOVATION
new.soldsie.com
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MOBILE COMMERCE PLAYBOOK I.WORLD WIDE WINDOW SHOPPING
SUPPORTING INFORMATION
Fifty percent of all the sales that we saw in our platform
were from mobile devices, which is obviously a huge
shift from where we, and anyone else, was at a few years LEVERAGING THIS TREND
ago. I think that 50 percent is just a testament to where * Leveraging Showrooming
the trend is actually going, its probably being held back
Comparing and contrasting products and services is
by a lot of websites that arent responsive, and arent
a natural consumer behavior, and merchants should
mobilefriendly.
cater to customers wish to find the most favorable
Mohith Julapalli, Co-Founder and CTO, SKU IQ
deal. By accepting showrooming behaviors retailers,
could benefit from minimizing stock, and expanding
I believe that people dont want to feel sold to all the time.
Marc Jacobs Beauty the array of products offered.
But on the other hand, we do buy things all the time, and
Beauty Retailer Launches App Making Instagram
if theres technology that brings that closer, makes it per * Make Everything Shoppable
Profile Shoppable
sonalized and is actually helpful, then it will latch on. Retail is moving away from the traditional brick
marcfam.marcjacobs.com
Rob Katcher, Founder Hiku and mortar model, and merchants are increasingly
required to explore other avenues to reach
It is not hard to imagine a future in which [...] there interested consumers. Retailers should aim to have
could be a very different looking shopping environment an established presence on the platforms where
that is tremendously much more mobile than it has
their target consumers spend their time.
been historically.
Joe Beier, Executive Vice President Of Shopper And * Provide One-Click Efficiencies
Retail Strategy, GfK Provide simple and intuitive ways for shoppers to
add items to their virtual cart, creating a bridge
Google runs a shoppable video experience called between browsing and buying.
Shop The Hangout, where viewers can tune into a
Google Hangout video chat with their favorite designer Conde Nast & MasterCard * Harness Add-On Services
while shopping from the designers collection. The Partnership Turns Readers Into Shoppers By Offering Use existing technology to add a shoppable
collaboration between these designers and Google has
One-Click In-Content Shopping Access element. By harnessing add-on services, retailers can
produced over 150 million mentions on social media and
mstr.cd/1x533rG quickly expand into new arenas.
a 5% increase in traffic on the designers sites the day of
the hangout, as well as 3.57 million views and 369 million
impressions on social media.
Think With Google Statistics, August, 2014
8
MOBILE COMMERCE PLAYBOOK
II.
SNAP
TO BUY
Image recognition technology is streamlining the path to
purchase process by allowing shoppers to snap photos
or scan bar codes to identify potential purchases, and
add them to a shopping cart to buy. By transforming
any product interaction into a sales opportunity, using
an existing set of tools, these services are expanding the
possibilities of mobile commerce.
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MOBILE COMMERCE PLAYBOOK II.SNAP TO BUY
BEST-IN-CLASS INNOVATION
snapup.com hiku.us
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MOBILE COMMERCE PLAYBOOK II.SNAP TO BUY
SUPPORTING INFORMATION
If youre a consumer and youre going to choose a new
product or service, its has to be easier than what is out
there currently. The new service is trying to break a habit. LEVERAGING THIS TREND
People are used to taking their forms of payment around
* Take Advantage of Already
with them - theyve been doing that for years and years.
Existing Software Tools
So to impact customer behavior, the new innovation has
Integrate already existing software tools to
to be really elegant, seamless and significantly easier than
whats currently available.
create a faceted visual shopping approach. With
Greg Hong, CEO and Founder, Reserve plentiful of startups and companies looking to
bring retailers closer to potential customers
People want purchased products in-hand immediately, Neiman Marcus
through imagery, there is an opportunity to
so companies need to set up a system where that is Luxury Retailer Integrates Image Based
Search Function Into App quickly integrate additive technology to increase
possible. Commerce is going to become more natural and
integrated into your life. When commerce is integrated bit.ly/1vwjSN6 sales and streamline purchases.
into that moment where you want something, it becomes * Provide Intuitive Ways To Purchase
wildly powerful. Invest in streamlining the shopability of your
Rob Katcher, Founder Hiku online and offline offerings. In-store settings
There is no doubt image recognition will play a major could incorporate nudges and incentives for
role in mcommerce next year. Weve reached that tipping guests to connect with your brand online and
point where enough consumers have the scan reflex and vice versa.
nothing is more natural than scanning an image of the
product. Also, I think consumers have developed QR code * Integrate Visual Experiences
fatigue. Were sick of seeing those ugly codes and tags Customer behavior is becoming increasingly
Asap54
and want an easier, more natural an aesthetic way: image image- centric, and retailers should aim to
Visual Recognition Tech Lets Fashonistas Buy
recognition is that. Clothes They See By Snapping A Photo seamlessly integrate visual experiences that allow
Nick De Toustain, Director of Sales, LTU Technologies asap54.com for guests to benefit by engaging with the brand.
This provides a unique opportunity for retailers
The rise of sensory tech is particularly exciting - with
phones operating as an extension of our physical
to connect with customers on a personal level
senses - whether its with touch and payments, or image- and gain insights into what their customers like
recognition/augmented reality, driving habits such as and dislike.
virtual try-ons and catwalk videos through to instant
* Incorporate Scannable Elements Into
m-purchase out of print magazines, bus stops posters,
Retail Environments
shop windows and more.
Allowing customers to scan their environment
Jess Butcher, Co-Founder & CMO, Blippar
and learn more through their mobile device
The [scan-to-buy] technology will help to further bridge Snapdonate provides a more intimate and personal way to
the gap between offline (in-store showrooming) and App Recognizes Charity Logos From interact with product / surrounding.
online, mobile and desktop, browsing and purchasing. Photos To Make Donating Easier
In 2014, consumers started to use image recognition snapdonate.org
technology provided by retailers. I expect that adoption
will grow at rapid rates in 2015 as more retailers realize
the benefits and advantages of the technology for both
consumers and their respective businesses.
Djamel Agaoua, CEO, MobPartner
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MOBILE COMMERCE PLAYBOOK
III.
PERSONAL
STOREFRONTS
A new slate of services are helping improve the transition
from online to mobile shopping by paring down the
interface into an experience that is more visual, personal and
easier to navigate. These services provide a more curated
and intuitive experience for shoppers to discover and buy
products on their mobile device.
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MOBILE COMMERCE PLAYBOOK IV.PERSONAL STOREFRONTS
BEST-IN-CLASS INNOVATION
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MOBILE COMMERCE PLAYBOOK IV.PERSONAL STOREFRONTS
SUPPORTING INFORMATION
To us, its not just about completing the sale on mobile,
its about peaking the customers interest. You can either
come in the store or continue interacting with your
LEVERAGING THIS TREND
website. We see this as more of its not just about the * Offer Flexible Channels
sales on mobile, but its about the engagement on mobile. Make sure that each retail channel is optimized
Thats the most important thing, just peaking their interest
for its specific use case. Responsive platforms
so they come in the store
will ensure seamless and personal interaction,
Mohith Julapalli, Co-Founder and CTO, SKU IQ
with maximum relevance for possible customers.
Things have become so much more personalized with
Line Mall
* Curate The Experience
all this transacting. When I log in to my Amazon account, Mobile platforms offer limited screen space when
Japanese E-Tailer Rethinks Push Shopping Through
whether Im on my mobile phone or on my laptop, they Integrated Point System contrasted with web, so directly porting the
know its me. They can personalize things. Not every mall.line.me experience across platforms can present issues.
company has that level of insight immediately. This
It is important to curate material specifically for
seamless log in experience definitely ups the level
of personalization that merchants and retailers can
mobile, offering a more streamlined and relevant
offer. Thats an opportunity and a challenge. Not every experience that make sense to mobile users.
retailer has that type of analytic capability to provide * Platform Specific Learning
personalized offers.
Mobile platforms are a great opportunity to
Rob Katcher, Founder Hiku
collect data and platform-specific learnings from
customers, which can be leveraged to improve
A big benefit is the realtime data that mobile is able to
tap into, and will be able to tap into, in terms of how much interactions.
you know about the consumer, and how much more we Argos
will be able to know as people using apps and using other Retailer Launches Swipe-to-Like Shopping Game That
interfaces on their mobile phones. As a marketer, that Challenges Friends To Make Wishlists
presents huge opportunities as well. bit.ly/1Gv4yRv
Lara Crystal, Founder, Minibar Delivery
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MOBILE COMMERCE PLAYBOOK
IV.
CONTEXTUALLY
DRIVEN
ACTIONS
Mobile sensor technologies like geolocation and in-store
beacons are being leveraged to give consumers a
more personalized and immersive experience each time
they shop. By delivering relevant information and
communications, these services help transform the mobile
phone from a passive device to an active agent that
helps shoppers along their purchase path.
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MOBILE COMMERCE PLAYBOOK III.CONTEXTUALLY DRIVEN ACTIONS
BEST-IN-CLASS INNOVATION
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MOBILE COMMERCE PLAYBOOK III.CONTEXTUALLY DRIVEN ACTIONS
SUPPORTING INFORMATION
Add intelligence to the mix, and the future is about Shoppers who received location-based beacon messages
aggregated learning regarding behaviors and preferences were 19 times more likely to interact with advertised
that can help ensure relevant interactions. Geolocation- products. In-store app usage was 16.5 times greater LEVERAGING THIS TREND
enabled mobile platforms can completely change an for users who received a location-based message, and
* Aggregate Learned Data About Users
experience based on proximity. shoppers who received a beacon message were 6.4 times
To Predict Future Wants And Needs
Sheryl Kingstone, Director of Research & Mobile more likely to keep an app on their phone, compared with
Leadership Strategies, Yankee Group
Data around how, when and where consumers
those who did not.
are using their mobile device can be of great
Folks are going to navigate to your Web site from mobile
inMarket, Shopper Behavior Survey, June 2014
value to merchants. Leverage this data for
devices, so you need to make sure it is optimized for Walgreens reported seeing 4x the average spend from greater insights into how to communicate
the devices they want to use. Mobile apps will deliver a consumers when they combined in-store shopping with
with customers.
two-way experience, use the context data available from the use of a mobile app versus in-store shopping alone.
the phone or tablet and offer better convenience than a Mcommerce Summit, Mobile Engagement And * Connect With Customers Upon Entry
mobile optimized site Context Study, May 2013 Harness the opportunity connect with store
Jeffrey Hammond, Principal Analyst, Forrester guests at the beginning of the brand interaction
Research, Cambridge When they dont receive customized, relevant content
and offers, 54% of consumers are willing to end their as opposed to when they are already at the
We need to reach our consumers where they are, and relationship with a retailer. checkout. Empower store guests by offering
were moving more spending into environments where CMO Council, April 2014 wayfinding tools allowing them to access search
context and content are relevant. functions and make stock-checks by themselves,
In 2014, 36% of global consumers are willing to share
Andrew Gross, SVP of Marketing, Serta Mattress which would save time and free up store clerks to
their current location with retailers via GPS thats almost
Location awareness has to be meaningful for customers. double the number who were in 2013. handle more complex customer inquiries.
To deliver the right information and the right messaging, IBM, January 2014 * Invest in Learning More About Your Customers
we have to understand how customers engage with the
By taking into account external factors that
brand - are they in-store, online or on a mobile device
impact customer needs, retailers can offer a
Ivy Chin, Senior Vice President of E-Commerce &
Omni-Channel Digital, Belk wider variety of relevant products. Analyze
customer cases to learn where to best intervene
Different customers behave differently and seek different
with product suggestions, support and rewards.
ways of communication. Use each technology for a
purpose that fits. There is not one right answer. What * Maximize Existing Tech
is right is whats right for your brand and your targeted A majority of urban consumers have access to
customer base. Its less about a one-size-fits-all approach personal tech that retailers could leverage to
and more about understanding your target audience.
present relevant offerings that cater to specific
Those who look holistically at customer engagement in a
situations, locations or consumer needs.
targeted way are the most successful.
Jon Lawrence, Senior Director, Solution Marketing
Koken Met Aanbiedingen
The Zero Moment of Truth, describes a revolution in Mobile Service Delivers Recipes Based On
the way consumers search for information online and Whats On Sale At Local Supermarkets
make decisions about brands. We saw that people are kokenmetaanbiedingen.nl
increasingly making these decisions at the Zero Moment
the precise moment when they have a need, intent
or question they want answered online. A brand that
answers these questions at just the right time scores a
double win: it helps improve a consumers life and stands
to gain a competitive advantage over brands that dont.
Jim Lecinski, Vice President, Americas Customer
Solutions, Google
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MOBILE COMMERCE PLAYBOOK
Walgreens Starbucks
A new app from Walgreens Starbucks has included a delivery
Pharmacy is experimenting with service offering in their loyalty app
the addition of 3D imagery to its in- now allowing customers to not only
store maps, which creates a detailed order and pay, but have beverages
image of each store location using delivered to their location. Coffee
a special camera, and then merges fans can pre-order their morning
that information with retailer floor cup of Joe to skip lines, but
plans and data showing where in 2015 will be able to have a
products are on shelves to offer standing order of morning coffee
highly contextual discounts. automatically ordered, paid for and
walgreens.com delivered to their desk.
starbucks.com/card/rewards
18
MOBILE COMMERCE PLAYBOOK
V.
PRE-
PROGRAMMED
TRANSACTIONS
Accessible programming languages are allowing consumers
to link a growing slate of digital platforms with real-world
actions, to trigger a predetermined set of next steps. These
simple programming recipes are bolstered by an emerging
marketplace of sensors, leading to new and seamless ways to
complete a variety of transactions.
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MOBILE COMMERCE PLAYBOOK V.PRE-PROGRAMMED TRANSACTIONS
BEST-IN-CLASS INNOVATION
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MOBILE COMMERCE PLAYBOOK V.PRE-PROGRAMMED TRANSACTIONS
SUPPORTING INFORMATION
While automation can be expedient, the resulting
impersonal tone and risk of poor information are
formidable...most importantly, merchants are missing
LEVERAGING THIS TREND
an opportune moment to connect with current and * Provide The Tools
prospective customers. Personalization is important, and giving users
Lauren Freedman, President, E-Tailing Group better tools to re-program or re-purpose
their products provides an additional layer of
There is no technophobia in the consumer mindset.
People will increasingly use interactive-type experiences
interaction which helps build community
if they bring value and services to them.
and loyalty.
Best Buy
Vincent Druguet, Deputy General Manager, * Learn From Behavior
Retailer Adds Support For Programmable
DigitasLBi France Recipes So Customers Can Be Notified Of Tap into the habitual behaviors of consumers,
Price Drops And Stock Changes
to incentivize repeat business. By creating the
When we look at what our experience is, at the end of
the meal, Reserve is a no click interaction which is
developer.bestbuy.com/blog/tagged/ifttt.html opportunity for seamless automatic interactions,
one of the really elegant parts of our service. You go to merchants ensure that customers will continue to
the restaurant, you finish your meal and at the end of the use their product or service.
experience, you dont even have to pull out your phone.
* Build Community Tools For Users To Learn From
Everything is already done and taken care of. Whenever
Each Other
we talk to our restaurant partners, one of the things that
they mention is that they try to make a really hospitable, Similar to other open-source projects, it is
wonderful, elegant experience and at the end they have important to provide users with an through
to ask for money. To take the payment out of the process which they can share ideas about the things they
completely allows the restaurant partners to work on how have discovered, and build a strong sense of
to improve their hospitality. community around the shared achievement of
Elastic
Greg Hong, CEO and Founder, Reserve programming their products.
Platform Lets Merchants Program And Automate
Processes Across Mobile And Web * Harness Reminders to Incentivize
Amazon found that every 100 milliseconds of downtime
elastic.io
cost them 1% in sales, and Google found that an extra .5 Repeat Business
seconds in search page generation time dropped site Scheduled reminders, such as automatic bank
traffic by 20%. transfers or product replacement notifications
Clustrix, Cyber Monday Customer Survey, can nudge consumers to fulfill a purchase.
October 2014 Customers will gain insight into the lifespan of
products they are using, and learn when they
need to be replaced.
Jawbone
Fitness Band Users Can Program Online Actions
When Specific Goals Are Achieved
ifttt.com/jawbone_up
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MOBILE COMMERCE PLAYBOOK
VI.
CROSS
CHANNEL
PURCHASES
A new range of services are targeting mobile as a key
tool to help bridge the gap between online and offline
shopping behaviors. These platforms help merchants
leverage the true power of their brick and mortar stores,
while giving shoppers more tools to shop on their own
terms and buy with confidence.
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MOBILE COMMERCE PLAYBOOK VI.CROSS CHANNEL PURCHASES
BEST-IN-CLASS INNOVATION
walgreens.com
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MOBILE COMMERCE PLAYBOOK VI.CROSS CHANNEL PURCHASES
SUPPORTING INFORMATION
The biggest trend in commerce is how easy it is to do We love click-and-collect sales, because [the customer
it. The tools that are out there for developers are just has] already made their decision, she knows where
amazing. Whether its Stripe, or Braintree, or layered on to go in the store, and when she gets there, she almost LEVERAGING THIS TREND
top of that, anyone can do commerce so easily. always buys something else spending about 125% of her
* Partner Up
Rob Katcher, Founder Hiku intended order. And she doesnt require a delivery fee.
As more consumers use internet research
Terry Lundgren, CEO, Macys
Retailers dont have time to put everything online, as a means to discover new products, their niche
because as soon as they do, its out of date, all the SKUs 41% of consumers actively use mobile apps to access tastes grow. Build partnerships with existing
and inventory quantities. Thats a perfect category for relevant information while shopping, up from 21% last year. brands and services that complements the
some new tech to help with. We see that as probably The numbers are even higher for consumers between the
existing cross-channel behaviors of
something thats going to change in 2015. Youre going to ages of 18 and 34 years old, with 67% using mobile apps
your customers.
see a lot more visibility of instore inventory online. during their shopping experience.
Mohith Julapalli, Co-Founder and CTO, SKU IQ CFI Group, Mobile App Study, July 2014 * Take Chances On Smaller Brands
Small to mid-sized merchants have the
I predict every retailer is going to be leveraging social All of us in e-retail have been surprised at how fast
to drive sales to their products in the next three years. If mobile has ascended. Two years ago we envisioned a
opportunity to compete with larger retailers by
theyre not, theyre going to be being left behind. With multi-device world where people would discover on the increasing their product portfolios to include
the advent of the buy buttons, I think social is going to smartphone, browse on the tablet, and land back on the more specialty products without the cost of
play a big role in commerce over the next two years. desktop to buy, but we were wrong about multi-device stocking them at every location.
Chris Bennett, CEO and Founder, Soldsie usage. The largest growth area in shopping on the web is
* Build A Common Toolset That Works Across All
mobile-only consumers
55 to 60% of all online traffic [during the 2014 Black Brand Outlets
Scot Wingo, CEO, ChannelAdvisor Corp
Friday holiday weekend] was happening on mobile Whether a brand is selling through their store,
devices, and for IBM, smartphones and tablets accounted 60% of consumers said they often browse products online on the web or a mobile device, it is important for
for 52.1% of all online traffic, exceeding traditional PCs for before ultimately purchasing them in stores. shoppers to feel a sense of continuity in message
the first time Nielsen Global Survey of E-commerce, August 2014
across all platforms.
Shawn DuBravac, Chief Economist and Director Of
Research, Consumer Electronics Association
24
MOBILE COMMERCE PLAYBOOK
Keep Shift
Keep is a mobile app that lets users Shift is a new credit card-sized
select merchandise from multiple device that allows users to pay with
vendors across the Web, and add their traditional bank accounts,
it to a single cart and expedite loyalty points, and even virtual
checkout. Its main feature is called currencies. Users can load multiple
OneCart, which stores payment info payment options onto the card
and allows for one-click payment whether its their bank account,
for all items in the cart. digital currency wallet, bitcoin
keep.com account or loyalty membership.
shiftpayments.com
25
MOBILE COMMERCE PLAYBOOK
VII.
ONE STEP
AUTHENTICATION
A major roadblock to the wide acceptance of mobile devices
as a complete point-of-sale solution is the worry about the
safety and security of personal information. A new range of
services are stepping in to make this process safer, using tools
such as biometric indicators and all-in-one keys to verify and
safeguard consumer payment data.
26
MOBILE COMMERCE PLAYBOOK VII.ONE STEP AUTHENTICATION
BEST-IN-CLASS INNOVATION
getnymi.com
27
MOBILE COMMERCE PLAYBOOK VII.ONE STEP AUTHENTICATION
SUPPORTING INFORMATION
I think were moving to a place where the username and
password will become less relevant over time. There will
be different ways to authenticate that arent so based LEVERAGING THIS TREND
on username and password.
* Rethink Payment Flow
Aunkur Arya, General Manager of Mobile, Braintree
Excessive or confusing steps in the payment
process can cause shoppers frustration or even
One challenge is data security and how you choose
to use that data is very important. Moreover, how you
make them walk away. Rethink the process by
choose to store it and what you want to do with that which users log in or authenticate themselves so
data and how do you convey your intentions to your it is both quick and seamless.
BehavioSec
customer. Being transparent helps because thats what
Authenticator Analyzes Unique Behavioral * Implement Tools
creates trust in the relationship, but obviously data Biometrics Like Speed, Temperature and Creating the opportunity for guests to use
security and how safe people will feel, will definitely Rhythm To Verify User Identity
affect what theyre uncomfortable giving up and what
alternative authentications, which is a great
behaviosec.com
theyre comfortable sharing. way to incentivize current customers, as well as
Lara Crystal, Founder Minibardelivery attract new consumers.
* Strengthen Your Payment Channels
Industry-wide initiatives, such as tokenization, have the
Retailers could widen their scope to include
potential to significantly increase the level of security and
alternative methods of authentication while
subsequently the general public perception about payments
specifically the kind initiated on mobile devices.
making sure that they reassure customers of
Alberto Jimenez, Director of Mobile Payments, IBM possible safety concerns. There are a range of
services that aim to help alleviate this process
By harnessing mobile, we can do a suite of verifications and without any standard, merchants have to be
at anytime. Were trying to create services where you can AliPay inclusive and flexible.
spontaneously decide you want to go do something, and Food Chain Introduces Facial Recognition Based
were available at the touch of a button, right there with Payment Verification
you, at any moment, without any second step. global.alipay.com/ospay/home.htm
EveryKey
Wristband Replaces The Need For Keys And Passwords
everykey.com
28
MOBILE COMMERCE PLAYBOOK
VIII.
PAY WITH
INFLUENCE
Merchants are beginning to understand the impact that social
influence and consumer data can have on their bottom line,
as they look to leverage this organic reach and information
to drive more sales. As a result, companies are experimenting
with sustainable ways to accept their shoppers social media
activity and personal data as concrete forms of payment.
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MOBILE COMMERCE PLAYBOOK VIII.PAY WITH INFLUENCE
BEST-IN-CLASS INNOVATION
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MOBILE COMMERCE PLAYBOOK VIII.PAY WITH INFLUENCE
SUPPORTING INFORMATION
Snowden opened up the psyche of consumers and made
them realize theyre giving away data every time they do
anything, sometimes they get enough stuff in return, and LEVERAGING THIS TREND
sometimes they dont. * Rethink What Can Be Accepted As Payment
Matt Hogan, Founder, Datacoup Customers that pass positive experiences on to
their social circles could have a large impact on
Our whole idea of value, exchange and currency is being
disrupted with new systems that trade in trust, social
retail. Encourage customers to leverage their
currency and other commodities. People are finding new social value in lieu of other methods of payment.
ways to trade, and brands are enabling this by creating * Reward Consumers For Sharing
IHeartRadio
alternative payment and currency systems.
T-shirt Vending Machine Accepts Build loyalty programs and incentives that
Lucie Greene, Worldwide Director, JWTIntelligence Instagram Photos As Payment increasingly reward users as they share their
iheart.com experience over social channels.
Leveraging Instagram and Twitter is a great way to
drive personal engagement with consumers. Allowing * Offer Condition-Based Discounts
consumers to put their own personal spin and Merchants can design unique events around
interpretation on something allows them to feel more social sharing that draw in customers across
connected and involved with the brand.
all channels.
Raquel Cadourcy, VP of business development and
strategic accounts, HelloWorld
31
MOBILE COMMERCE PLAYBOOK
IX.
OMNI
CURRENCY
EXCHANGE
The importance and viability of alternative currencies have
been growing over the past year, particularly with the
dramatic rise of Bitcoin. As more consumers see the value in
these emerging transactions, merchants are starting to put
processes in place with to accept a wider variety of payments
from loyalty points to cryptocurrencies, expanding the notion
of what can be counted as currency.
32
MOBILE COMMERCE PLAYBOOK IX.OMNI CURRENCY EXCHANGE
BEST-IN-CLASS INNOVATION
33
MOBILE COMMERCE PLAYBOOK IX.OMNI CURRENCY EXCHANGE
SUPPORTING INFORMATION
It is not hard to imagine a future in which [...] there
could be a very different looking shopping environment
that is tremendously much more mobile than it has LEVERAGING THIS TREND
been historically.
* Provide User-Friendly Ways To Adopt
Joe Beier, Executive Vice President Of Shopper And
Alternative Currencies
Retail Strategy, GfK
The process of buying and holding
The really interesting story in money is its digitization, and cryptocurrencies such as Bitcoin can be a
the huge amount of friction that exists in the system, and confusing process for many users. Provide
the way that technology destroys all those costs. built-in tools that guide buyers through each
Newark Airport
Boris Schlossberg, Managing Director of FX Strategy, step of the process on how to acquire and use
Flyers Can Pay With Air Miles At Terminal Stores
BK Asset Management alternative currencies.
marcfam.marcjacobs.com
Just as the technology of printing altered and * Build Tools To Automate Currency Exchange
reduced the power of medieval guilds and the social Digital currencies fluctuate much more rapidly
power structure, so too will cryptologic methods than fiat currency, so it is important to build tools
fundamentally alter the nature of corporations and of that give consumers ease-of-mind when they are
government interference in economic transactions. doing an exchange that they are getting a fair
Timothy May, Founder, CypherPunks rate.
* Rethink What Constitutes Payment
The two stakeholders who must ultimately adopt new Interaction has value, and actions such as
payment innovations - merchants and consumers - customers sharing their personal data can be
have to be convinced that moving away from what Plastc
used as an alternative means of payment.
they know and feel comfortable with is worth the All-In-One Card Works As A Single
effort...Getting to ignition - when there is a critical Payment System For Everything
mstr.cd/1x533rG
mass of consumers and merchants - just takes time.
Karen Webster, CEO, Market Platform Dynamics
34
MOBILE COMMERCE PLAYBOOK
Browsy Behaviosec
Online retail service Browsy helps Swedish startup BehavioSec
users on popular image based has invented a new type of
social media platform Pinterest find personalized authentication
and purchase the items they save that serves as an alternative to
to their pinboards. To do this, passwords. Instead, the service
Browsy imports users pinboards works to identify users by their
to their platform then compares unique biometric fingerprint,
the images to its library and finds which includes a combination
the retailer with that item available of ways in which users interact
for the lowest price. Browsy also with their device, such as the
creates a custom board which force with which they hit a key,
essentially becomes the users the angle they use to swipe a
shopping cart on Pinterest. touchscreen, or their typing
browsy.com speed. This type of identification
frees users from the burden of
memorizing complex passwords,
and simply allows them to interact
with their device as they normally
would to confirm their identity.
behaviosec.com
35
MOBILE COMMERCE PLAYBOOK
X.
BUILT-IN
LOYALTY
As more consumers turn to mobile to make their everyday
payments, these platforms are offering increased incentives
for return users. These programs simplify the loyalty
process into a unified mobile interface and make it easy for
consumers to manage their relationship with brands.
36
MOBILE COMMERCE PLAYBOOK X.BUILT-IN LOYALTY
BEST-IN-CLASS INNOVATION
thanx.com
37
MOBILE COMMERCE PLAYBOOK X.BUILT-IN LOYALTY
SUPPORTING INFORMATION
Emotional expectations of brands are on the rise. Con
sumers are asking, How does this brand improve my life?
LEVERAGING THIS TREND
and How do I feel about this brand? There is a thirst for
authentic connections. Passive consumers are being re * Provide Appropriate Incentives
placed by active brand voters who opt into a brand ethos Merchants should make sure that they are
that meshes emotionally with their own lives. providing relevant incentives for returning
Kevin Roberts, CEO Worldwide, Saatchi & Saatchi customers to make sure that they feel rewarded
for regularly engaging with the brand.
You have to be no less than a customer concierge,
doing everything you can to make every one of your Chuck - E - Cheese * Reward Users
customers feel acknowledged, appreciated, and heard. Game App Rewards Play-Time At Home With Rewards are a crucial building block in
You have to make them feel special, just like when In-Store Tickets strengthening and retaining customer loyalty.
your great-grandmother walked into Butcher Bobs chuckecheese.com Thank your customers for bringing their repeat
shop or bought her new hat, and you need to make business to you and nudge them to share their
people who arent your customers wish they were. positive experiences to like minded peers.
Gary Vaynerchuk, The Thank You Economy
* Build-In Location Based Incentives
Make sure that the loyalty incentives are
Always keep in mind the old retail adage: Customers
remember the service a lot longer than they
situational as well as personalized. Take
remember the price. advantage of the opportunity to send nudges
and reminders when consumers are in need of
Lauren Freedman, President, E-tailing Group
support and inspiration.
38
MOBILE COMMERCE PLAYBOOK
XI.
END-TO-END
PURCHASE
FULFILLMENT
A new host of services are streamlining the mobile
shopping experience, automating the details and
connecting each step of the purchase path into one fluid
service. The power of these one click efficiencies are
making it easier to process mobile transactions, from
booking and delivery through to checkout.
39
MOBILE COMMERCE PLAYBOOK XI.END-TO-END PURCHASE FULFILLMENT
BEST-IN-CLASS INNOVATION
reserve.com
40
MOBILE COMMERCE PLAYBOOK XI.END-TO-END PURCHASE FULFILLMENT
SUPPORTING INFORMATION
The giants of the space will begin offering more When consumers struggle in an app, they abandon it
services that are typically identified with a boutique (and their carts): 51% abandon the cart and close the
store clienteling, messenger services, etc. app (lost purchase) when they struggle in a retail app;
LEVERAGING THIS TREND
Charlie Cole, CEO, The Line 20% stop using the app entirely. * Refine The Process
Consumers want in-app customer care: 92% say it Find new efficiencies and cut out unnecessary
Marketers can no longer wait for consumers to tell would be helpful to have customer care automatically steps for customers. Sustain an ecosystem that
them what they need they have to anticipate provided within an app to help complete a task or allows for customers to seamlessly arrive at their
future needs. By the time someone can articulate goal. end goal, without having to repeatedly deal with
what she wants, shes frustrated that she doesnt individual steps.
Contact Solutions, Mobile Shopping Cliffhanger
have it. Understanding your consumers life and study, October 2014
figuring out what shell want next whether its a * Mobile Experiences Need Not Be Economized
product alteration, a faster way to check out, or more Empower mobile applications to include the
The Amazon Mayday button connects Kindle Fire
excitement before she even knows she wants it same range as web platforms whilst remaining
HDX tablet owners to an Amazon customer service
tames impatience and creates a bond. representative via webcam. Among tablet owners,
efficient and contextual.
Kit Yarrow, Decoding the New Consumer Mind: 75% of customer service interactions now come via * Provide A Helping Hand
How and Why We Shop and Buy. the button. Guide users through each step of the process by
Amazon, June 2014 providing easy and seamless access to customer
Continuing on the payments versus commerce debate,
service representatives.
at this point in the mobile payments journey, it is clear
Whole Foods partnership with grocery delivery app
that neither consumers nor merchants will adopt
Instacart has resulted in digital shopping carts 2.5
mobile payments simply for the payments portion
times the size of their brick-and-mortar counterparts.
of it. There is nothing fundamentally wrong with the
way we initiate and accept payments today. However, Wall Street Journal, November 2014
there are a number of activities that take place before
and after the transaction that can deliver tremendous
value to the consumer and the merchant, both in
terms of relevance and the ability to drive top-line
growth, respectively.
Alberto Jimenez, Director of Mobile Payments, IBM
Line Zomato
Messaging App Integrates Mobile Payment Options To Restaurant Guide Adds mobile Payments Into
Become Lifestyle Platform App For A All-In-One Experiences
line.me/en zomato.com
41
MOBILE COMMERCE PLAYBOOK APPENDIX
Methodology Tastemakers
PSFK Labs employed a research methodology Bill Ready, CEO, Braintree Lara Crystal, Co-Founder, Minibar Delivery
called Grounded Theory Analysis to gather Bill is the CEO of Braintree where he and his team Lara is the co-founder of Minibar Delivery, a new
emerging ideas from the marketplace, which built one of the most innovative and influential startup centered around the delivery of wine and
startups in the payments industry. With its emphasis spirits. She is the former VP of Marketing and
were later used to identify trends featured in
on mobile-first experiences, elegant tools for Founding Employee at Rent the Runway.
this playbook. Grounded Theory analysis is a developers, and incredible customer support, minibardelivery.com
systematic methodology in the social sciences Braintree developed industry-leading payment
that takes a bottom-up, data-driven approach to solutions that power many of the worlds most Mike McEwan, Founder and CEO, Jane.com
generating assertions about larger ideas, trends disruptive new businesses, including Uber, Airbnb,
OpenTable, and Rovio/Angry Birds. Mike is the founder and CEO of Jane.com, an online
and movements based on research collected retailer which offers customers the convenience of
Braintreepayments.com
around a directional brief. purchasing without having to share personal financial
information through Paypal. The companys success
Aunkur Arya, General Manager of Mobile, Braintree is partially founded on his belief in building vendor
Over the course of eight weeks, PSFK Labs global
Aunkur is the General Manager of Mobile at Braintree. relationships, paying its vendors more than any other
group of researchers gathered news and opinions He is a technology veteran with more than 12 years daily deal site.
about emerging ideas and innovations related to of start-up experience in the mobile consumer jane.com
a directional brief. During this process, the team and online spaces. He previously led business
looked for weak signals that pointed to signs development for value-added services for Google Mohith Julapalli, Co-Founder and CTO, SKU IQ
Wallet - in Googles Commerce division.
of change. These could take the form of new Mohith is the co-founder of SKU IQ, an innovative
Braintreepayments.com
products, services, technologies, creative projects and patent pending software that integrates popular
and/or businesses. At the end of the research Chris Bennett, Co-Founder and CEO, Soldsie eCommerce and POS technology, syncing real time
inventory data without IT disruption. He has over 10
process, the team compiled over 600 data Chris is the Co-Founder of Soldsie, a social commerce
years experience architecting and building beautiful,
points that we observed helping everyone from platform that allows customers to purchase products
scalable applications.
consumers to organizations become more fluent through comments on Facebook, Instagram, and
skuiq.com
Pinterest. His platform enables customers to register
with mobile commerce and payments.
their payment information with Soldsie, and then
comment on stores pages, channels and feeds to Rei-Ling Dulebohn, Sr Marketing Manager, Munchery
PSFK Labs analysts conducted pattern activate a charge to their account, and initiate the Rei-Ling Dulebohn is Senior Marketing Manager at
recognition, where they identified clusters of shipping process. Munchery, an online food retailer that delivers chef-
similar ideas appearing within the marketplace. web.soldsie.com prepared dinners on-demand or within an hour of a
Clusters with several supporting examples scheduled time. Prior to joining Munchery she was
Greg Hong, Founder and CEO, Reserve Marketing Manager of Analytics and E-Commerce at
were defined as Trends. After the trend analysis
Everlane, an online-only brand that is rethinking the
process, we looked at how these trends could Greg is Reserves CEO and Co-Founder, responsible
way retail works.
be successfully applied to the field of mobile for setting and executing the vision of allowing
munchery.com
customers to reserve a table within a set time
commerce, and provided actionable suggestions
window from a curated list of restaurant partners.
on how these trends can be used. Our Prior to starting Reserve, Greg was a small business
recommendations are mapped to each trend. consultant and the Director of Business Operations at Rob Katcher, Founder and CEO, Hiku
true[X], where he ran their ad operations team from Rob is the CEO and founder of Hiku, a simple physical
pre-revenue to $20 million. device that helps people build a smarter grocery
reserve.com list. His device allows users to simply speak into the
device or scan the products you need and it syncs to
a smartphone application so users can access their
shopping list anytime, anywhere.
hiku.us
42
About Braintree About PSFK Labs
Braintree is connecting the world and empowering Each day we share better ways to live, work, and PSFK Labs
people through payments. They work to provide play through PSFK.com and social platforms. We 42 Bond Street, 6th Floor
the tools people need to build businesses, and publish new ideas across areas such as design, retail, New York, NY 10012 USA
make it possible for companies all over the world technology and travel and hit 10 million impressions labs.psfk.com
to accept payments online and let customers per month across our channels.
make a purchase with one touch. So an engineer Piers Fawkes
in London can launch his latest mobile venture in Our thought leadership reports are written by out Founder & Editor-In-Chief
Sydney. And a student in New York can pay her PSFK Labs team a group of researchers who study piers.fawkes@psfk.com
rent. trends in the market places and advise brands like +1 646.520.4672
Apple, BMW, Google and Samsung on decisions to
Braintree builds the technology, and you make it leverage emerging opportunities and threats. Check Scott Lachut
meaningful with your ideas and innovations. out PSFKs other reports on Cities, Health, Travel and President of Research & Strategy
Technology plus branded content editorial series scott.lachut@psfk.com
Braintreepayments.com produced in partnership with sponsors on the Future +1 646.520.4672
@Braintree of Light, the Real World Web and Wearable Tech.
TEAM
psfk.com
labs.psfk.com Project Leads
@psfk Andrew Vaterlaus-Staby
Charlotte Hellichius
Designer
Sarah Lee
Research
Tim Ryan
Michelle Hum
Libby Garrett
LABS