RSS Feed
Twitter
Moneto, a service to make NFC-based payments with any smartphone, is strengthening NFC’s foothold in the mobile payment race. Many phones are not equipped with near-field communications chips, which proponents of alternate mobile payment systems, such as Square and PayPal, are counting on to hold back the technology from becoming a successful competitor. Moneto, a [...]
Posts Tagged ‘Payments’
Posted in 
Tags: 
AT&T Takes on Square as Mobile Payments Heat Up
November 9th, 2011 
admin AT&T and Intuit launched GoPayment, a mobile payment system, to compete with Square, increasing competition for NFC- and credit card-based payment options. GoPayment works almost exactly like Square’s service. Both offer merchants a free card reader for use with phones and tablets, targeting small businesses by charging per transaction rather than insisting on a monthly [...]
Mobile Payments to Grow on NFC Chip Sales
October 27th, 2011 admin NFC chip manufacturer Inside Secure shipped over 10 million units so far this year, suggesting adoption of the technology may grow as handset-makers find steady suppliers. Inside Secure sold millions of its MicroRead and SecuRead NFC chips to manufacturers like ZTE and Research In Motion, which put them in the latest Curve and Bold smartphones. [...]
Carriers to Invest $100 Million in Mobile Payments Venture
August 29th, 2011 admin Verizon, AT&T and T-Mobile will invest more than $100 million in their joint mobile payment venture, in a move to compete against a growing field of rivals in the emerging market. The carriers may invest hundreds of millions of dollars in their Isis e-wallet initiative if it gains momentum with consumers. The amount of funding [...]
Mobile Payments to Surge on Apps, Not NFC
July 26th, 2011 admin About 141 million consumers will have made payments using smartphones by the end of this year, a major surge despite mobile payments’ overall slow adoption in the market. The number is a roughly 38 percent increase over 2010, when mobile payment users reached 102 million, according to research analytics firm Gartner, which released its study [...]
PayPal Lets Customers Make Payments With a Tap
July 15th, 2011 admin PayPal unveiled a new payment system that lets Android owners pay each other by tapping their phones together, signaling the growing prominence of NFC-enabled devices in online commerce. The payment system currently only works on one phone model, the Samsung Nexus S, offered by Sprint and T-Mobile. But it will expand to other Android phones [...]
Google+ App Allows Mobile Payments, Hints at Future NFC Plans
July 7th, 2011 admin Google’s new Google+ app for Android includes a mobile payment component, suggesting intriguing possibilities for its new social media service. Nexus S and 4G owners can now scan near-field communications, or NFC, tags and post the information as a status update on their Google+ accounts. Even though the capability is in its fledgling stages, NFC [...]
Mobile Payments to Surge to $670 Billion by 2015
July 7th, 2011 admin Mobile payments are expected to exceed $670 billion by 2015, according to Juniper Research, as banks, credit companies and other third parties fight to for a piece of this emerging market. Mobile payments, which include mobile shopping, money transfers, and near-field communication, or NFC, transactions, are expected to reach $240 billion this year alone. The [...]
PayPal Sees Increase in Mobile Payments, Competition
June 28th, 2011 admin PayPal estimates it could process as much as $3 billion in mobile device payments this year, as e-wallet options continue to expand in an increasingly competitive field. The San Jose, Calif.-based company, which originally expected to reach $1.5 billion in mobile payments, doubled its estimate as more smartphone users begin to use mobile platforms to [...]
AT&T Blames Regulation for Mobile Payments Scale Back
May 17th, 2011 admin An AT&T executive blamed financial regulations for the scaling back of a multi-carrier mobile payments venture that would have launched a competitor to credit card companies. John Stankey, AT&T’s head of business solutions, said that proposed financial reform legislation that will limit the fees banks can demand from merchants for processing payments forced the carriers [...]
