Items tagged with mobile payments
It appears that Google isn’t content with having a standardized fingerprint-authorized payment system, Android Pay, for its Android smartphone platform. The company is always thinking two steps ahead, looking to test the next biggest thing. Today, the latest glimmer in Google’s eye is its Hands Free mobile payments system. As its name implies Hands Free doesn’t require you to touch your smartphone or even place a finger on a fingerprint reader. Instead, you can leave your smartphone in your pocket or purse and still complete a transaction. First of all, you will need to download and install the app, which is available for both Android and iOS. From there, you need to complete your profile (including...
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Did you wake up this morning and think to yourself that the world would be a better, more convenient place if only there existed another mobile payment system? The thought occurred to LG Electronics at some point, and so the South Korean electronics firm announced through social media that it plans on entering the fray with LG Pay."It's official! We have partnered with Shinhan Card and KB Kookmin Card to prepare for the launch of LG Pay," LG's mobile arm posted on its Facebook page.LG has partnered with Korea's two largest credit card companies to introduce LG PayThat's all LG is saying on the matter at the moment, though reading between the lines, it looks like the phone maker will look to establish...
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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. Microsoft is putting Host Card Emulation (HCE) support into Windows 10, which means Windows 10...
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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 footprint, so it's doing away with fees, both for its partnered credit card companies and value-added...
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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 NFC (supporting both Google Wallet and Apple Pay) and EMV. The mPOS also supports traditional magnetic...
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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 a service that lets you process transactions, even if you’re not a traditional business....
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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 of monthly fees and low transaction rates of 1.8% plus $0.15 per transaction for Discover, MasterCard,...
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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. "Today's announcement is an important step in enabling NFC technology adoption throughout the mobile...
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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 incidents dropped 28 percent and the total annual fraud also decreased to $37 billion from $56 billion...
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