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Posts tagged mobile payment
Isis still quiet about expansion plans: will happen ‘when we’re ready’
May 1st
Over six months ago, a joint venture between AT&T, T-Mobile and Verizon called Isis launched a trial of its nascent mobile payment service in Austin and Salt Lake City. Not only was its debut already delayed, we also haven’t heard more than a peep from the company since. CEO Michael Abbott, who is the keynote speaker at ETA 2013 in New Orleans, has opened the discourse but still isn’t giving many specific details on the future. When we asked him about his company’s expansion plans, Abbott simply told us that “when [we're] ready, we’ll start putting it out in different places and see where to go from there.” In essence, he views progress in the mobile payments field as a constant evolution, which often involves taking smaller steps to accomplish a greater purpose. You can find the full quote below the break.
Filed under: Cellphones, Wireless, Mobile
China UnionPay and Intel join forces for secure mobile payment
Apr 10th
At IDF’s second-day keynote in Beijing today, Intel announced its collaboration with bank card giant China UnionPay for secure mobile payment, with the latter utilizing Intel’s Identity Protection Technology and also its distribution of the Hadoop software framework for datacenters. With UnionPay being China’s top bank card organization boasting a total of 3.5 billion cards to date, this is obviously a big deal for Intel both locally and around the world — at least in the 141 countries and regions where UnionPay is accepted, according to Executive Vice President Chai Hongfeng.
Chai also used his stage time to show off UnionPay Quick Pass, China’s very own NFC payment service with over 1.1 million local POS terminals as of December 2012. The exec used none other than Intel’s developer device to buy its Corporate Vice President Doug Fisher a can of “Mountain Doug” (we would’ve preferred “Chai Tea” instead), but of course, HTC beat Intel to it with the joint launch of mobile Quick Pass back in August 2011. Anyhow, there’s a press release after the break.
Filed under: Cellphones, Wireless, Mobile, Intel
Visa and Samsung ink worldwide NFC deal, practically guarantees payWave on your Galaxy S IV
Feb 25th
First, the good news. It appears that Visa and Samsung’s Olympics trial went over so well, that it’s expanding those mobile payment dreams to a global audience. Now, the rough news — Visa has convinced Samsung to pre-load the payWave app onto every future Samsung smartphone with an NFC module. Granted, you’d be using that anyway for contactless payments… but only if you had a Visa card. At this point, it’s practically a given that the impending Galaxy S IV will boast not only an NFC chip, but payWave integration from the factory.
The deal also gives banks the ability to load payment account information over-the-air to a secure chip embedded in Samsung devices (thanks, Mobile Provisioning Service), but neither company is coming clean on what devices in particular will be taking advantage. Unfortunately, this news may be even gloomier for non-Visa users — it’s unlikely Samsung’s contract will allow it to announce similar deals with competing mobile payment services, but we suppose we’ll see in time.
Filed under: Cellphones, Mobile, Samsung
Via: TechCrunch
Source: Visa
REFILE-MasterCard aims at mobile payment market with launch of ‘digital wallet’
Feb 25th
LONDON, Feb 25 (Reuters) – Mastercard unveiled its
bid to dominate the mobile payments market on Monday with a
‘virtual wallet’ allowing customers to keep personal payment
details in their phone and avoid checkouts by scanning bar codes
in-store to pay.
MasterCard aims at mobile payment market with launch of ‘digital wallet’
Feb 25th
LONDON, Feb 25 (Reuters) – Mastercard unveiled its
bid to dominate the mobile payments market on Monday with a
‘virtual wallet’ allowing customers to keep personal payment
details in their phone and avoid checkouts by scanning bar codes
in-store to pay.
PayPal Here coming to the UK with a chip reader to match (video)
Feb 21st
US-born mobile payment methods like PayPal Here and Square haven’t had much traction in Europe, due in no small part to the continent’s frequent reliance on chip-and-PIN credit cards over North America’s (slowly outgoing) magnetic stripes. PayPal is getting around that technical barrier through the most direct method possible — replacing the reader altogether. PayPal Here’s UK deployment swaps out the triangular US reader for a considerably bulkier Bluetooth peripheral that takes the newer payment method. Other elements will be familiar to anyone who’s used Here on an Android or iOS device in another country, minus the obligatory changes in currency. PayPal is partnering with a handful of UK businesses before launching Here on a wider scale in the summer — not soon enough for some, but it might save a few Brits from scrounging through their wallets just to buy some ice cream.
Filed under: Cellphones, Peripherals, Tablets
Via: TechCrunch
Source: PayPal
Square COO quit after sex harassment accusation
Jan 25th
SAN FRANCISCO (Reuters) – The chief operating officer for the mobile payment company Square, Keith Rabois, abruptly resigned after an employee accused him of sexual harassment and demanded “millions of dollars,” he disclosed on Friday in a blog post. The online revelation by Rabois, the well-regarded senior executive at the multibillion-dollar startup founded by Twitter Inc co-creator Jack Dorsey, caused a sensation in the close-knit Silicon Valley community and ignited a flurry of tweets. …
VeriFone retreats from mobile payments, says acquiring users ‘fundamentally unprofitable’
Dec 13th
After joining the mobile payment bandwagon last spring with Sail, VeriFone is ready to scale back its efforts in the venture. “Our experience through 2012 with tens of thousands of these micro-merchants tells us that the standalone economics of micro-merchant acquiring are fundamentally unprofitable,” the firm’s CEO, Doug Bergeron, said in a quarterly conference call. According to the head honcho, the cost of wrangling up new business users through ads and the like “will never justify the razor thin-margins produced by merchants with infrequent volumes and extremely high attrition.” As a result of those costs and the risks of fraud associated with payments, the outfit will be handing off the user recruitment side of Sail to banks and “merchant acquirers,” and plans to sell some of the platform’s related assets. Despite the company’s retreat from mobile payments, Bergeron considers the only way others could survive in the space is to provide merchants with auxiliary services, such as digital wallets, which competitors such as Square have begun to dabble in. VeriFone may have soured on mobile payments, but it’s highly likely we’ll see others give it the old college try as well.
Filed under: Misc
Via: Reuters
Source: Verifone Q4 2012 Earnings Call Transcript (PDF)
Intuit GoPayment comes to the UK, renames itself Intuit Pay
Nov 29th
In a bid to catch mobile payment rival Square napping, Intuit GoPayment is leaping across the pond to begin an assault on the UK. It’s certainly putting the effort in, having had to rework its hardware to be compatible with Chip-and-Pin and being forced, for legal reasons, to drop the “Go” and “ment” parts of its name. The service is currently in a limited trial before being rolled out to switched-on stallholders and itinerant fraudsters (we kid) nationwide.
Filed under: Cellphones, Peripherals
Via: TechCrunch
Source: Intuit
CIBC Mobile Payment App reaches BlackBerry App World for the rare chance you can actually use it
Nov 17th
Rogers kicked off Canadian NFC mobile payments at the start of the month through what was mostly a ceremonial gesture — until the CIBC app arrived, locals simply had to wait. It’s at last time try some Suretap mobile shopping now that the CIBC Mobile Payment App has popped up in BlackBerry App World. As promised, the title will let Canucks tap to pay with a credit card (up to $50 at once) at the 17 store chains offering use of a MasterCard PayPass or Visa PayWave terminal. The catch remains the sheer number of conditions that need to be in place: on top of requiring an NFC-aware SIM card, a CIBC credit card and the right stores, the early software only works its magic with the BlackBerry Bold 9900; Curve 9380 support depends on a future update. Having the crucial app is still a step forward, and the handful of trailblazers can always recount tales of buying Timbits with their Bolds while those on other platforms have to sit tight until 2013.
Filed under: Cellphones, Mobile, RIM
CIBC Mobile Payment App reaches BlackBerry App World for the rare chance you can actually use it originally appeared on Engadget on Sat, 17 Nov 2012 03:40:00 EDT. Please see our terms for use of feeds.
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