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Square reaches $10 billion in payments per year, stays ahead of a growing pack
It was just this spring that Square had reached a grandiose $5 billion per year payment rate and cemented its position at the top of the mobile payment processing field it practically started. Any attempts to catch up just got a lot harder now that the startup has crossed the $10 billion mark, only half a year later. A fifth of that new rate came in the past two months and hints that the company isn't about to slow down anytime soon. The increase doesn't have any clear driver, apart from wider media exposure, but founder Jack Dorsey notes that this doesn't include the Starbucks deal that took effect just days ago. We know the rocket-like pace won't last forever; all the same, the record-high levels of business undoubtedly give Square a lot of competitive padding when a deluge of recently established alternatives are still getting started.
Square launches in Canada, streamlines payments on the world stage
For all of Square's fast growth, it's been exclusively the domain of US shopkeeps; others had to scrounge for an alternative, if there was one at all. The payment pioneer clearly isn't content to isolate itself or anyone else, as it's making its international debut with support for Canada. Locals can immediately request the free Mobile Card Reader and swipe credit cards with an Android or iOS device at the same flat, 2.75 percent rate that more experimental American stores know very well. Complete equality isn't available to Canucks just yet, as Square Wallet won't be available until 2013, but the access remains a step forward for Canadian merchants that don't want to be tied down to a terminal any more than their southern neighbors.
Samsung Galaxy S III is the first MetroPCS handset to support Google Wallet
While the US wireless industry seems far away from finding a universal mobile payment system, T-Mobile's new BFF MetroPCS appears to have made its choice. Taking to its official Facebook page, the carrier announced on Monday that the Samsung Galaxy S III is its first handset to support Google Wallet. In choosing Google's mobile payment platform, MetroPCS joins two of its biggest competitors, Sprint and US Cellular. It should be noted that T-Mobile is deeply committed to Google's wireless payment competitor Isis, which recently became ready for public consumption. Once the two carriers exchange nuptials next year, it's possible that we could be looking at the wireless industry's first mobile payment Brady Bunch. However, looking back at T-Mobile's previous attempts at mobile matrimony, we won't be holding our breath waiting for this union to become official.
Isis' NFC payments go live in Austin and Salt Lake City: 3 carriers, 9 phones, 1 long way to go (video)
To say that the launch of Isis has felt drawn out would be a mild understatement. The alliance first signaled its intentions two years ago, detailed its first markets one year ago and faced a last-minute delay. All the ducks are finally in a row, however, and residents of both Austin as well as Salt Lake City can tap to pay (or score discounts) at the "hundreds" of locations that accept NFC-based purchases through American Express, Capital One, Chase and Isis' own cash card. Launch day brings app- and SIM-enabled access for nine devices spread rather unevenly across AT&T, T-Mobile and Verizon: only the Droid Incredible 4G LTE is confirmed working for Verizon subscribers, while the rest are divided more equally between multiple Samsung Galaxies and HTC devices like the Amaze 4G and One X. Over 20 phones should be Isis-aware before the end of the year. It's a potentially strong start to one of the few truly cross-network mobile payment systems in the US, but we see a long road ahead before Isis gives Google Wallet some jitters -- there's legions of banks, cities and stores needed before Isis is widespread, and we're not counting on that ever-elusive universal hardware support.
PayPal Here goes on sale at AT&T stores: like a one-stop shop for account hiccups
PayPal Here, despite all its focus on in-store transactions, hasn't really been available to buy in a US store -- that's been the domain of the seemingly ubiquitous Square reader. eBay's payment wing has at last established that retail beachhead through a deal with AT&T. About 1,800 of the carrier's stores are now carrying PayPal Here readers, and they'll keep the service's big rival from hogging the spotlight at a time when most aren't even aware that there's any competition. If you're still cynical, you can look at the AT&T move as a matter of convenience: at least this way, all your account headaches will come from one place.
Former Nokia Money crew kicks off iKaaz mobile payments, lets shops go with or without NFC
It's a big day for mobile payments. Multiple former Nokia Money veterans have formally launched iKaaz, a two-pronged strategy to phone commece where choice is the order of the day. The first components, M-POS and its accompanying Tap & Pay, are rough equivalents to familiar NFC-based services like Google Wallet that rely on an NFC tag and matching app for in-store sales. A Consumer Wallet for Enterprises occupies more familiar territory for the ex-Nokia crew: it provides a mobile account that doesn't require NFC or even an app, letting those in developing countries exchange funds through SMS or USSD (Unstructured Supplementary Service Data) if they're sporting basic handsets. Us end users will need to wait for actual implementations before we see iKaaz for ourselves, but the sheer flexibility could have us paying through our phones in some unexpected places.
Isis makes October 22nd mobile payment launch official, vows 20 capable phones by year's end
While we could easily see this coming, it's still good to hear the news more directly: Isis has confirmed that its delayed mobile wallet system will arrive on October 22nd. The company's marketing lead Jaymee Johnson tells us that the NFC-based commerce should start in the previously mentioned Austin and Salt Lake City areas. We haven't been given a formal device list, but "as many as" 20 smartphones should be compatible by the end of the year. We can think of at least four. More details will follow on the day in question, although we already know that the cash-averse will need an Isis app, a special SIM card and compatible SmartTap terminals at stores. That's a lot of conditions that have to be satisfied just to lighten the strain on our pockets -- all the same, we'll take it when the alternatives are moving slowly.
Isis Mobile Wallet app for Android surfaces in Google Play, you probably can't run it
Unofficial rumblings have pointed to Isis Mobile Wallet's trial getting close. If you've remained skeptical all the same, we're pretty sure that seeing Isis' Android app in Google Play will change your mind. The currently T-Mobile-only software confirms that pilot program members will tie their American Express, Capital One or Chase card (as well as a unique card) to Isis for paying through NFC at stores with a SmartTap terminal. We're also promised streamlined loyalty cards and coupons. Before anyone rushes to try the app at the local shop, remember that it's just one piece of the puzzle on top of the special SIM card, one of three NFC-equipped phones and that small matter of living in Austin or Salt Lake City when the service goes live. Having the official app at least lets those who qualify get a head start on what could soon be the only major alternative to Google Wallet in the US.
T-Mobile to kick off Isis Mobile Wallet pilot program on October 22nd according to leaked photo
Mr. Blurrycam has struck again, and this time he brings us a launch date for T-Mobile's Isis Mobile Wallet pilot program by way of TmoNews. According to the image (which you can catch after the break), the Isis app will arrive on Google Play come October 22nd for folks in Salt Lake City, Utah and Austin, Texas to take for a test drive. Another image reveals that those who activate their mobile wallet could snag $10, and an additional $15 if they convert their Isis Cash card into a reloadable prepaid card. Call one of the two cities home and can't wait to put the NFC payment solution through its paces? You'll need an Isis SIM card and a Samsung Galaxy S III, S II or Relay 4G to partake in the festivities. For those outside the lucky cities, there's still no word on when Isis will fully launch.
HTC Droid Incredible 4G LTE update to bring global roaming, Isis wallet
HTC's Droid Incredible 4G LTE gave us a pleasant surprise by providing a capable Android phone that didn't have to be supersized. It's gone largely untouched since its mid-year introduction, though, which makes a new and imminent update all the more important. The upgrade's biggest trick is support for Isis mobile payments that more officially throws Verizon's hat into the NFC payment ring. Anyone living beyond Isis' coverage will still want to check for the update when it's ready -- the patch switches on global roaming, allows remote technical support, makes Tango video chats useful and improves LTE connection quality. No matter what you're looking for, Verizon's tendency to start over-the-air updates within days of posting documentation leaves a likely short wait before the most recent Droid Incredible gets a breath of fresh air.
Rogers, CIBC may launch Suretap NFC-based payments on October 15th, require a unique SIM
Rogers and Canadian bank CIBC struck a deal for NFC-based mobile payments back in May, long enough ago that it was starting to fade out of the public consciousness. The alliance may be near refreshing our memory with a commercial launch in the cards. MobileSyrup has reportedly scored internal documents that has the two launching their e-commerce collaboration on October 15th under a slightly catchier Suretap name. Unfortunately, the text also suggests that the initial launch will require at least as much hoop-jumping from customers as for the original Google Wallet plans. Avoiding a traditional wallet will demand a BlackBerry Bold 9900 or Curve 9360 on Rogers, a CIBC MasterCard, nearby stores with PayPass terminals, a CIBC app and now a special NFC-enabled SIM card -- a set of criteria that disqualifies almost everyone, especially when there's supposedly a $50 ceiling on transactions. It remains a step forward for mobile payments in a country that has had very few options to start with, but we'd only anticipate widespread adoption once there's a much wider selection of devices and banks.
Bank of America testing QR Code scanning mobile payment system in North Carolina
Mobile payment is still a bit of a wild west at the moment, and seemingly every technological and financial institution has a dog in this fight. Bank of America's not going to just sit idly by and watch it all unfold. The US's second largest bank has flirted with NFC in the past and is currently doing trials with QR scanning in Charlotte, North Carolina, where it's based. At present, five sellers in the area are taking part in the pilot program, with bank employees given access to the technology. The three-month trial is the result of a partnership with mobile payment company Paydiant, is compatible with Android handsets and iPhones, no NFC needed, naturally.
Square competitor Groupon Payments launches today, promises lowest cost for retailers
Popular deal website Groupon is venturing into the world of smart phone-based credit card payments today, launching the Groupon Payments initiative nationwide after a successful pilot program is the San Francisco Bay Area earlier this year. Groupon's boasting a guaranteed lowest cost pricing to merchants using Groupon Payments for credit card transactions -- MasterCard, Visa, and Discover will cost retailers 1.8 percent of credit card sales, plus a $0.15 per transaction fee, while American Express will cost three percent of credit card sales, plus a $0.15 per transaction fee. The biggest competition in the space comes from Square, headed by former Twitter co-founder Jack Dorsey, which charges a flat 2.75 percent rate on all transactions against all cards, though PayPal, Intuit, and Verifone all offer similar services. Today's news matches up directly with leaks we saw back in May, adding on that merchants will see the day's credit card purchases credited to their bank accounts overnight, rather than waiting two to three business days (per standard practice). Beyond credit card services, Groupon's Merchants app also accepts Groupon daily deals, which helps elucidate why Groupon would be interested in entering the mobile credit card payments market in the first place (beyond it being a lucrative market unto itself, of course). Interested parties can sign up over on Groupon's website, and snag the free payments app right here. Finally -- finally -- you'll be able to sell all those $10 gift certificates to Chili's you've been hoarding. Perhaps charge $5 a pop for their $10 value and ... is this a paradox? This might be a paradox.
Isis' NFC mobile payments delayed past September target
Isis must have spoken too soon. Just days after the alliance committed to launching its mobile payment system in September, its marketing lead Jaymee Johnson has warned FierceMobileContent that the rollout won't make the promised summer target. The delay is portrayed as a collection of minor hiccups, although we're not bracing ourselves for a short wait: Isis plans to update us on the situation in October, and that suggests we won't be making NFC-based purchases on Isis any sooner. It's another disappointment for the future-is-now crowd hoping to leave cash behind -- not that Apple and Google will object to a rival's misstep.
LevelUp unveils payment docks that take both NFC and QR codes, leave out the guesswork
Most stores accepting mobile payments usually have to take just one format, whether it's Google Wallet, Square or another flavor that you probably can't use. LevelUp is convinced you shouldn't have to choose platforms: it just revealed a new payment dock that will recognize both the company's existing QR code system as well as NFC. It's much easier sight on the eyes than typical NFC terminals, to boot. Just don't expect a one-for-one recreation of systems like Google Wallet or Isis. Rather than expose your banking details by holding them in a chip, LevelUp's NFC is just used to move the transaction along -- if it's used to get things started, shoppers can either switch to a QR code or complete the transaction with a second tap. The company is mostly planning to replace its existing payment points across the US with the NFC-aware models. Bluetooth 4.0 is an option for the future, however, which could make LevelUp even more of a Swiss Army Knife for the world of mobile commerce.
Skype strikes deal with Mach to expand direct carrier billing for credit purchases
Skype is always finding new ways of making it easier for users to spend money, and now it's extending its carrier billing options in a new deal with Mach. From October, more users than ever will be able to buy credit for the VoIP service then forget about it -- at least until the phone bill arrives. Purchases will initially be available through a web browser, but in-app functionality is expected in the future, although there's no word on exactly which network providers will be involved. We hope, however, that sometime next month, at least a few of those who enjoy Skyping on the move will appreciate sending the bill to their carrier.
CyanogenMod releases SimplyTapp NFC payment app for CM9, launches CM9.1
If you decided to change your NFC Phone's OS over to CyanogenMod 9 to avoid all the skinning and restricting, now you have a mobile payment option called SimplyTapp. Produced by the modding group and two of its members, the app requires free or paid NFC cards from CyanogenMod or retailers like McDonald's and Whole Foods. Card user info is guarded in the cloud, which "allows separation of the card credential from the vulnerable handset," for increased security, according to CM and SimplyTapp. CyanogenMod also announced a new version of its ICS-based CM9 OS, version 9.1, which will fix bugs and add new devices. A stable release will be coming soon, but meanwhile, why not head over to Mickey D's and freak them out by paying with your modded Galaxy Nexus?
Isis mobile payment system primed for September launch, supported devices revealed
You've known it was coming, but Isis has been so quiet on the mobile payments front in the past few months that you might've forgotten the score. Now, the joint venture backed by AT&T, T-Mobile and Verizon has announced that it'll debut its system in Austin and Salt Lake City next month. At least part of the delay is attributed to its shift in strategy, when Isis shelved its plans to process payments through the carriers themselves and instead work with MasterCard and Visa. Isis representatives have declined to elaborate on future expansion plans. Coinciding with the recent update that enabled Isis support for T-Mobile's Galaxy S II, MasterCard has come clean with a list of devices that'll receive similar treatment. Specifically, those in the US can expect the Droid Incredible 4G LTE, One X, Amaze 4G, Galaxy S III to gain Isis support. Naturally, the possibility remains open for other devices as well, and if you'd like to see the complete list of candidates, make sure to check out the PDF below.
Mild-mannered Samsung Galaxy S II update brings Isis mobile payment support
Mobile payments, those made from a phone and typically via NFC, haven't exactly had a huge impact on the average American consumer just yet, but look past that and you'll see a battle is brewing. Google had been making the most noise, with its Google Wallet, but today the competing service Isis just launched its first proper salvo. The T-Mobile version of the Galaxy S II is currently receiving an OTA update (T989UVLH1) that, among a few other tweaks, enables support for Isis NFC payments, making it the first such device on the market. Many more are inbound from AT&T and Verizon as well, setting the stage for an epic virtual currency battle that only the peaceniks at the Mobile Payments Committee stand a chance of mitigating.
iZettle comes to Android for a few lucky Swedish Samsung owners
Square gets most of the media hype, but without an international presence, would-be competitors have had a chance to carve out their own niches in the mobile commerce market. Sweden's iZettle has managed to make quite a splash in its homeland, and it's expanding its mini empire by finally bringing its wares to Android -- albeit in an extremely limited form. Unless you've got a Galaxy S III, S II or a Note then iZettle still isn't for you and with availability in a single Nordic country, it might seem more accurate to describe Android support as being in beta, but the company has ditched the testing tag regardless. Rest assured, however, it is actively working to add more handsets and export the app beyond its particle board-loving borders.
