'Mobile payments'

PayPal inks mobile payment deal with 15 retailers

By: |May 25th, 2012 at 08:45PM
Filed Under: Mobile
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PayPal earlier this year announced a partnership with The Home Depot that allowed customers to make point-of-sale transactions with their smartphones in more than 2,000 locations. The e-commerce company on Thursday announced that 15 new national retailers have signed on for PayPal’s in-store mobile payment service. These include, Abercrombie & Fitch, Advance Auto Parts, Aeropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, Jamba Juice, JC Penney, Jos. A. Bank Clot...

Barclays releases the NFC-enabled PayTag [video]

By: |Apr 19th, 2012 at 10:45PM
Filed Under: Mobile
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Barclays on Thursday announced the launch of the Barclaycard PayTag, a sticker that can be placed on any handset to equip it with instant NFC compatibility. The PayTag is an extension of a customer’s credit card account that can be used to make payments of £15 and under, though the limit will rise to £20 in June, and it is available at no cost to Barclaycard owners. “Today, we are offering the choice of mobile payments to millions of our customers at no additional cost to them,” David Chan...

Google may share Google Wallet revenue with carriers to spur adoption

By: |Mar 21st, 2012 at 04:00PM
Filed Under: Business, Services
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Google’s mobile payment service has gotten a fair amount of attention from the media, but user and partner adoption has been slow since the service was unveiled nearly a year ago. Google Wallet is the Internet giant’s eWallet offering, which incorporates NFC technology and allows users to pay for purchases using their Android smartphones rather than physical credit cards. According to Bloomberg, Google is now rethinking its service in an effort to bolster adoption. Citing multiple unnamed sources,...

PayPal announces ‘PayPal Here’ iPhone payment system to compete with Square

By: |Mar 15th, 2012 at 09:55PM
Filed Under: Mobile
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PayPal on Thursday unveiled “PayPal Here,” a small accessory similar to the solution offered by Square, that can be used to accept credit card payments on an iPhone. The reader is a large blue triangle that connects to the top of an iPhone through the headphone jack. With the help of the “PayPal Here” iOS app, a merchant can input a sum and have a consumer swipe his or her credit or debit card to make payments. PayPal’s app also features a “Scan Card” feature, which u...

PayPal’s Google Wallet competitor shown off at SXSW [video]

By: |Mar 14th, 2012 at 08:25AM
Filed Under: Services
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During the annual South by Southwest conference in Austin, Texas on Tuesday, PayPal finally showed off its upcoming digital wallet product that will compete with the likes of Google Wallet and other digital payment platforms. The EBay-run eBay Ink blog also posted a pair of videos on Tuesday in which PayPal vice president of global product and experience Sam Shrauger walks us through a number of the new eWallet product’s capabilities. PayPal’s digital wallet has a simple desktop interface and of ...

Apple awarded major ‘iWallet’ patent for future NFC-enabled iPhone

By: |Mar 6th, 2012 at 05:35PM
Filed Under: Mobile
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Apple on Tuesday was granted a significant patent by the United States Trademark & Patent Office, Patently Apple reported. The technology, which is supported by 23 Patent Claims, allows credit card companies to send statements directly to a user’s iTunes account for purchases made using an NFC-enabled iPhone. Account holders will also be able to allow a secondary account holder, such as a child, to make purchases on the same card while allowing the primary account holder to control spending and imp...

Sprint to launch 10 handsets with Google Wallet support in 2012

By: |Mar 2nd, 2012 at 09:30PM
Filed Under: Mobile
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Google announced at the Mobile Money: Delivering Innovative Mobile Payment Services panel during Mobile World Congress that Sprint will introduce “at least 10 additional phones” with Google Wallet support in 2012, Fierce Mobile Content reported on Thursday. The Samsung Nexus S 4G is the only smartphone currently offered by the carrier that supports Google’s NFC mobile payment system. Both the Galaxy Nexus and the LG Viper will launch with Wallet support later this year, however, and Osama B...

Visa announces new mobile payment solution

By: |Feb 27th, 2012 at 10:45PM
Filed Under: Mobile
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Visa on Monday announced a “one-stop” mobile payment solution that looks to compete directly with Google Wallet and the carrier-backed ISIS payment system. After a consumer purchases a “Visa-certified” NFC-equipped smartphone, he or she can contact the company and activate the handset for mobile payments. The device will be securely linked with a user’s bank account and can then be used to make mobile payments anywhere Visa’s payWave system is accepted. “In the same w...

Google Wallet competitor ISIS finally announces launch details

By: |Feb 27th, 2012 at 03:45PM
Filed Under: Mobile
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Mobile payment joint venture ISIS, a partnership between Verizon Wireless, AT&T and T-Mobile, on Monday announced launch partners and availability. The service will become available in mid-2012 starting with locations across Salt Lake City, Utah and Austin, Texas. Chase, Capital One and Barclaycard have entered into agreements to offer credit, debit and prepaid cards alongside the service. “Today’s announcement is testament to the vision and commitment of Chase, Capital One and Barclaycard to mak...

Google Wallet prepaid service re-enabled after security fix

By: |Feb 15th, 2012 at 09:45PM
Filed Under: Security
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Last week, two exploits concerning Google Wallet left users questioning the service’s security. One of the exploits allowed hackers to bypass PIN protection, but it was only present on rooted devices. A second exploit, however, did not require a handset to be rooted, leaving all Google Wallet users exposed. The company maintained that the service was secure but as a precautionary measure it disabled its prepaid card services, but Google announced on Tuesday that it has patched Wallet and has fixed t...

Apple taking NFC payments mainstream with iPhone 5

By: |Jan 31st, 2012 at 11:40AM
Filed Under: Mobile
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Ed McLaughlin, MasterCard’s head of emerging payments, sat down with Austin Carr of Fast Company to discuss the future of credit cards. “We’re rapidly moving to a world beyond plastic,” said McLaughlin. “In many ways, plastic is just convenient packaging.” The future of on-the-go payments may lie in the hands of near-field communication but unfortunately, adoption and availability have been extremely slow and limited. While NFC technology has been featured in a number of An...

Office Depot now testing PayPal’s new point-of-sale system

By: |Jan 23rd, 2012 at 07:00PM
Filed Under: Mobile
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Office Depot, the second-largest retailer of office supplies in the U.S., is testing PayPal’s new point-of-sale system in a limited number of locations according to Reuters. “It’s at this point in a small number of stores … because there are still some rough spots in that experience,” said Kevin Peters, president of Office Depot’s North American unit. “There are some limitations on who can use it, service carriers that support that.” PayPal’s new payment m...

Visa ramping up move to mobile payments

By: |Aug 10th, 2011 at 05:09AM
Filed Under: Mobile
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Visa is accelerating its efforts to dominate the mobile payment space, Reuters reported on Monday. Visa is no stranger to mobile payments. It began trialing an iPhone NFC payment solution in Europe early this year, has plans to work with Samsung on a system for the 2012 Olympics, and recently announced that it has partnered with ISIS for the development of a mobile payment network in the United States. “As mobile payments and other chip-based emerging technologies are poised to take off in the coming ye...

Mobile payments could balloon 76% to $86 billion this year, Gartner says

By: |Jul 23rd, 2011 at 07:00AM
Filed Under: Mobile
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141.1 million people around the world will make mobile payments this year, a 38.2% increase from last year, Gartner said in a new report issued on Friday. Global mobile payment volume is expected to hit $86.1 billion in 2011, up 75.9% from the $48.9 billion recorded last year. Gartner says mobile payments are not growing as fast as originally projected due to slower than expected uptake in developing countries. In addition, the “complexity of the [NFC]” service model has impeded its ability to tak...