Items tagged with mobile payments

It looks like the mobile payments arena is finally heating up. Apple Pay is popping up in retailers and restaurants across the country, Google snapped up Softcard and announced its own Android Pay, Samsung Pay is making waves by waiving transaction fees, and now Microsoft is sharing details on payment capabilities that will appear in the upcoming Windows 10 release for smatrphones. (Image credit: Microsoft) The Windows payment feature (dubbed “Tap to Pay” in the materials spotted by Nokia Power User at the WinHec conference in China) is intriguing because it won’t require carrier support.... Read more...
In an attempt to get a leg up on Apple's mobile payment system, Samsung is reportedly not going to collect fees for its own rival service in Korea and perhaps in the United States as well. Dubbed Samsung Pay, the service is set to launch sometime this summer and will be in direct competition with Apple's Apple Pay system.Initially Samsung was going to tack on 0.0015 percent fees to its partnered credit card companies, which include Shinhan Card, Samsung Card, KB Card, Hyundai, Lotte Card, NH Card, Woori Card, Hana Card, and BC Card. However, Samsung now has a grander plan of expanding its smartphone... Read more...
Americans have been enjoying NFC-based mobile payments for the past few years. Apple jumped on the bandwagon in fall 2014 with the release of Apple Pay, opening up the ease of mobile payments to millions more Americans. As mobile payments become more prevalent, and competing solutions began to plant their flags in the ground, it’d be nice to have a single terminal solution that would be able to accommodate everyone. Thankfully, Verifone agrees and just announced its awkwardly named PAYware Mobile e355. The PAYware Mobile e355 is a jack of all mobile point of sale (mPOS) terminal, supporting both... Read more...
Starting in early November, coffee drinkers will be able to use the Square Wallet app on their iPhone or Android smartphone at Starbucks. This is the first national chain for Square’s new app, and it’s a big win for the company as it expands its mobile payment business. Still, with many Starbucks customers already using Starbucks’ own app to pay for their coffees, you have to wonder how many will opt for Square Wallet. Square is known for its Square Card Reader, which is a small device that plugs into your smartphone and lets you accept credit cards. Square provides... Read more...
Mobile payments are exploding, and Groupon is getting in on the game. The daily deal company just announced GrouponPayments, which lets customers accept credit cards at low transaction costs. The service is built into the company’s smartphone app and can be combined with hardware that turns your smartphone into a card reader. Rather than make serious money from GrouponPayments, Groupon sees the new service as a convenience for its customers and a way to strengthen the position it’s trying to build as the go-to platform for service and retail businesses. Groupon is touting a lack... Read more...
Mobile payments are slowly but surely growing in popularity here in the U.S., and it's initiatives like this one that are paving the way for more and more innovation. VeriFone, Ingenico, ViVOtech and Equinox have just announced integration of Isis, which is a joint venture created by AT&T, T-Mobile and Verizon. The agreements with leading payment systems providers will help accelerate the wide scale introduction and adoption of mobile commerce. "Payment systems suppliers provide critical infrastructure for the development of mobile commerce," said Scott Mulloy, chief technology officer, Isis.... Read more...
eBay on Thursday announced a giant new strategy for PayPal that it hopes will squash the up-and-coming threat of Apple and Google with near-field communications payments. In one of those karmic twists, earlier this week news broke on the very thing that would let people feel safe enough to outfit their mobile devices with NFC payment systems: identity theft is becoming harder to pull off. The Nokia 6216 has supported NFC since 2009. In 2010, the number of identity theft incidents hit their lowest levels in years, according to a new report by Javelin Strategy & Research. The total number of... Read more...