mobilepayment
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Discover card users can redeem their points on Apple Pay
Apple Pay gives you many ways to pay for your purchases -- and now Discover's cashback bonus is one of them. Discover and Apple have teamed up to give you the ability to redeem your cashback points through the mobile payment app, so long as you can fulfill a set of requirements. You'll obviously have to add your Discover card to Apple Pay, download the Discover app, have a rewards balance higher than the amount of the item you want to purchase and, most importantly, you have to be using an iPhone 6 or later.
Android Pay is your new shopping BFF in Taiwan
Google has been bringing Android Pay to new regions in an attempt to expand its limited availability. After landing in the UK last year and in Canada more recently, the mobile payment system has now made its way to Taiwan, where you can use it in places that have contactless payment terminals and to pay for online purchases from local stores. If you're traveling to the country in the near future, it's probably wise to download the app and to link a card in case you run out of New Taiwan dollars and need to pay for some Asian make-up at Watsons or a coffin bread at a restaurant.
LG is finally launching its mobile payment system (in Korea)
LG is finally ready to debut its Samsung and Apple Pay rival now that it has forged a partnership with US-based firm Dynamics Inc. According to Reuters and Yohnap News, the Korean tech giant plans to launch its mobile payment system aptly called "LG Pay" in its home country this June. It will use Dynamics' wireless magnetic technology and will work with existing credit card terminals, just like Samsung's solution -- you only need to tap your phone against the device to make a purchase.
CVS launches its own mobile payment system
CVS, which has yet to adopt Apple Pay and other NFC-based payment services, has launched a mobile payment solution of its own. It's aptly called CVS Pay, and it shows a barcode on the phone screen that the pharmacy can then scan to ring up your purchases, so long as you link a credit or a debit card to it. You can also present the barcode to pick up prescriptions that you can refill and manage in-app, as well as to rack up loyalty points. No need to present your physical rewards card at the counter anymore.
Samsung Pay joins China's trillion dollar mobile wallet market
With Apple already expecting China to be its biggest mobile payment market, it's no surprise that its biggest direct competitor, Samsung, also wants a slice of this piping hot pie. After a one-month public beta, today the Korean giant is officially launching its Samsung Pay service in China in partnership with UnionPay -- inevitably the same bankcard company that helped launch Apple Pay locally. In other words, only UnionPay credit and debit cards -- up to 10 of them per device -- can be associated with local Samsung phones for the time being.
Designer makes a dress that can pay for your purchases
One of MasterCard's first partners for its new wearables project is Adam Selman -- Rihanna's favorite fashion designer, according to The New York Times. Since that initiative aims to bring mobile payments to pretty much everything, you can guess what his contributions to the initiative are: clothes and accessories that can pay for your purchases. And, thankfully, they look like items people would actually wear rather than ridiculously futuristic pieces that came right out of The Jetsons. One of them's the dress the woman in the image above is wearing, which hides a payment chip storing her credit card details right inside its bow.
Samsung Pay is now available on all major US carriers
Samsung has opened the floodgates to its mobile payment solution in the US. The company announced today that Samsung Pay now works with all major US carriers: AT&T, T-Mobile, Sprint, US Cellular and, despite some drama, Verizon. In order to take advantage of this feature, which is Samsung's answer to Apple Pay, you'll of course need to have a compatible smartphone -- like the Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+ or Galaxy Note 5. Samsung Pay first became available Stateside in beta on September 28th, but as of today anyone on one of the big networks can start using it. To do so, download the app from Google Play, enter your debit/credit card information and you'll be set.
Verizon: Samsung Pay support is coming in a software update
Last we heard, Verizon was still evaluating whether or not it would support Samsung Pay. But today the carrier shared some good news, revealing it will open its doors to the Korean company's mobile payment solution. Unfortunately, Verizon decided to keep the announcement vague, only going as far as saying that support for Samsung Pay is set to be available "through a future software update." Once it arrives, though, you'll need to have a compatible device to take advantage of the feature -- and this includes the Galaxy S6, Galaxy S6 Edge, Galaxy S6 Edge+ and Galaxy Note 5. Hang tight, at least now you know it's actually coming.
Vodafone turns to QR codes for 'simpler' pay-as-you-go top-ups
QR codes look like they're really starting to catch on, and Vodafone's not one to turn down a reserved seat on the bandwagon. As part of a new trial, the UK carrier has teamed up with mobile payments renegade PowaTag so pay-as-you-go customers can top up their balances with just a quick scan of a QR code. All you need is the PowaTag app for Android and iOS, a linked payment method, and the desire to go hunt down a compatible QR code. It shouldn't be too advanced a game of hide-and-seek, though, since you'll find the codes on posters and such at Vodafone, Argos, Tesco, Co-op and BrightHouse stores, with Asda, Sainsbury's and Wilko joining the party next month. Once located, you scan the code, select a top-up amount and Bob's your uncle. As Vodafone puts it: "topping up really just got that easy." Easier than topping up online, through the Vodafone app, over the phone or at cash points? Hmmmm, OK...
Restaurants will soon take any mobile payment at the table
Sure, your local drug store or theme park may let you buy things with your phone at the counter, but what about paying at the table in your favorite restaurant? Never fear, as Verifone will soon have you covered. Its upcoming Payware Mobile e355 wireless terminal lets stores accept any mobile payment you have, wherever you happen to be. It'll take Apple Pay, Google Wallet and other NFC tap-to-pay transactions, and the design is meant to accommodate as many device shapes and operating systems as possible. You may never have to break out your credit card just because the shop can't handle your new phone.
Loop's mobile payment Fob now available online for iOS devices
When we were introduced to Loop in October, the mobile payments company was just launching its Kickstarter campaign. The idea was different than an NFC-based mobile payment service (such as Isis or Google Wallet): using a 3.5mm Fob attached to your phone, you can make purchases on almost any point-of-sale system that accepts credit cards. Fortunately, Loop has kept busy the last few months; not only was its crowdfunding campaign a success, it also secured plenty of additional financing on its own. Now that the Fob (shown above) has made its way to Kickstarter backers, interested buyers in the US finally get their chance to buy the $39 device and its corresponding iOS LoopWallet app, which serves as the hub for all of your credit, gift and loyalty cards. An Android version is still in the works and will be ready in April, and there's no word on when it'll reach other parts of the globe. Check out the video below for a closer look at how Loop works.
Google Wallet will make collecting loyalty points easier and noisier
Early adopters of mobile wallet services are brave enough to hand over the keys to their finances in the name of convenience. When you're signed up to a plethora of loyalty schemes, though, inputting all these details before ditching the plastic could be quite the opposite. Google doesn't want you burdened with such tasks, and in an impending update to its Wallet app for Android, has said it'll introduce a new feature that adds loyalty cards with one click of your smartphone's camera shutter. A natural progression from the recent recognition feature that adds debit and credit card details in the same way, snap a picture of your loyalty card and Wallet will do the rest. Furthermore, when you're near a store with which you have a card, you'll get a notification to remind you (that Google knows all). While the Android app was updated yesterday, there's no mention of these additions, so we'll take Big G's word that it's "rolling out this week." No news on when an update could hit the iOS version of the app, but as Wallet only launched on the platform a few months ago, we're not going to hold our breath.
Loop turns almost any point-of-sale system into a mobile payment machine (hands-on)
In a small shop on University Avenue in Palo Alto, mobile payments vet Will Graylin proudly points out the point-of-sale (POS) system sitting next to the register. "This is a 13-year-old Hypercom," Will explains, emphasizing its age and the lack of modern mobile payment options. Then, he does something we haven't seen before: he puts his iPhone next to the mag-stripe reader, taps a button on his screen and the transaction gets processed as if he'd physically swiped his card. Companies like Google, Isis and MasterCard (among others) are competing with each other to see who can establish an NFC-based mobile payments standard and build a strong enough ecosystem to support it, but Will -- along with co-founder George Wallner -- is approaching the highly competitive and nascent smartphone commerce market from an entirely new direction. The duo's new company, known as Loop, is debuting a new platform that will let you use your phone to make payments on nearly 90 percent of all POS systems in the country, even if they don't have any tech embedded inside that's capable of accepting contactless payments. Continue with us below to see a hands-on gallery and a deeper explanation of what exactly makes this possible.
Updated Google Wallet app for Android delivers easier mobile payments
Android users, this is where you unashamedly stick your tongue out at iOS loyalists while making childish noises with your lips. (In your fantasies, at least -- that's pretty rude to do in real life.) The Google Wallet app for Android has just been revised, with users in the United States told to expect it in phases throughout the week. One of the biggest additions is the ability to send cash on the go to any adult in the US with an email address -- as is the case in Gmail, sending money directly from one's bank or one's Wallet account is free, while the usual fees apply if you're dinging that credit card. Plus, if you're still waiting for the option to send money in Gmail, just using this app once will automatically enable that. Moreover, the app is doing its darndest to replace Key Ring, allowing individuals to load loyalty cards of all types directly into the app. In theory, this should cut down on how much plastic you have to carry around, but we've still seen stores that have a heck of a time scanning a digital rewards card. If you're into saving money, Wallet now holds offers from Maps, Google Search, Google+ and Google Offers, and we get the impression that the company will be allying with a number of merchants in the near future in order to make this particular tidbit more attractive. Head on over to the Google Play Store to see if the new build is showing up for you.
Leaf unveils next-gen LeafPresenter Android POS tablet for taking payments
You're at a coffee shop or restaurant and it's time to pay for your sustenance. After reaching for your wallet, you're presented with... an Android tablet? This particular scenario is taking place more and more often as small businesses are taking their point-of-sale systems mobile, and Leaf is one of the big contenders battling for market share in this industry. Its signature product, known as the LeafPresenter, is an Android-based tablet with a funky lip on the top right that allows for mag-stripe credit card transactions. While the first-gen version of the device has been out for some time, Leaf is ready to branch out later this summer with a new model that offers more functionality. In addition to a newer forked version of Android (Leaf OS), the upcoming LeafPresenter throws in NFC, EMV and gift card support, as well as a 2MP front-facing camera, 1,280x800 display and better battery. Last but not least, the new device also includes support for a Leaf-branded third-party app store geared toward small business usage. While there's no specific cost to the tablet itself, business owners will need to fork over $50 per month for the opportunity to use it. Check the press release after the break for more.
Paytouch lets your fingerprints make purchases, hopes to expand into Europe and America next year
The business of commerce is alive and well, and while there's far too much noise for anyone to stand on the mobile side, Paytouch is hoping to add a new wrinkle on the conventional end. The Barcelona-based outfit was on hand here at The Next Web Conference, showcasing its biometric payment terminal and setting the stage for what's to come. For those unfamiliar, the Paytouch terminal is currently being used at Ushuaïa Ibiza Beach Hotel -- users with a Paytouch account simply link their credit card to their fingerprints, and a two-finger press is all it takes to order another glass of sangria. The benefits are fairly obvious for all parties involved. For the consumer, there's no longer a need to carry a credit card that can be skimmed, lost or stolen; for the retailer, it's able to encourage impulse buying in an entirely new way; for Paytouch, there's a commission paid on each purchase.
China UnionPay and Intel join forces for secure mobile payment
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.
Visa and Samsung ink worldwide NFC deal, practically guarantees payWave on your Galaxy S IV
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.
Verizon offers another way to pick up a Square reader, make your eventual fortune
Not that there's been a lack of ways to pickup a Square credit card reader, but if you happen to find yourself in a Verizon Wireless store with a few extra bucks and the burning desire to open your own boutique business (and you're not craving coffee or a MacBook), you're in luck. As of today, VZW stores will be offering up the commerce device nationally for $9.97 a pop -- a price that comes with a $10 Square credit. Ka-ching. With $10 billion a year in payments at last count, that pricing structure seems to be working out for the company after all.
VeriFone retreats from mobile payments, says acquiring users 'fundamentally unprofitable'
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.
