MobileWallet
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Samsung Pay offers cash back on purchases from select retailers
Samsung announced a new Cash Back program for those making certain purchases through Samsung Pay. Within the Samsung Pay app's home screen, there's a new Cash Back section and tapping it will lead you to a list of offers from various retailers. Once you select an offer and make a purchase with that merchant, you'll get a percentage of your purchase price back. That money can then be used towards another purchase as long as it's done through Samsung Pay. "Our mobile wallet strategy is all about offering more choices for consumers and more opportunities for merchants," Samsung said in a statement. "Cash Back creates a new channel for merchants to reach and reward consumers who are looking for great deals."
Airfox's mobile wallet aims to replace banks in emerging countries
Mobile wallet applications aren't anything novel, but most of the existing ones (like Venmo or Square Cash) all have something in common: they require people to have a bank account or a debit/credit card to use them. That's where Airfox differentiates itself. The app is geared toward "unbanked" users in emerging markets who may not have a credit history, due to lack of resources or because they're generally not fans of banks. Part of how Airfox plans to succeed is by adopting services that are already offered in certain countries. Like in Brazil, for example, which is the first place the app's launching. There, users can put money in the app through a "Boleto," a popular paper-based payment method that can be loaded by depositing cash in ATMs.
Google’s mobile wallet for India uses sound for money transfers
After weeks of rumors, Google has officially released its payments app in India. Tez (Hindi for "fast") is a mobile wallet that seems like a blend between Android Pay and PayPal. Users can link their bank accounts and use it to pay for items in physical stores and online. The app also lets you transfer money securely to nearby users by using sound to pair devices (what Google calls "Audio QR"). Unlike NFC, the tech works on any smartphone in India, whether Android or iOS. And, it keeps your account info private.
Clever SIM sticker makes no-signal mobile payments possible
Mobile wallets aren't just for getting in and out of Starbucks that bit quicker. In several parts of the world, many people rely solely on mobile wallets for all their financial needs. These are particularly prevalent in Kenya, for example, where 58 percent of adults manage their money with mobiles. And we're not talking about smartphone apps and contactless payments here, but simpler systems like M-Pesa that work on feature phones and verify transactions via SMS messages. These are entirely reliant on the presence and performance of mobile networks, though, which a project called DigiTally is trying to address with a SIM sticker that lets users make and receive payments when there's no network connection whatsoever.
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.
Target is reportedly working on its own mobile payments, too
Walmart isn't the only major retailer developing its own mobile wallet. Reuters reports that Target is in the early stagings of planning its own payments system as well. While the company hasn't committed to launching just yet, it has reached out to credit card companies regarding how transactions will be handled. If you'll recall, Target is part of the CurrentC mobile wallet initiative, and plans to remain a member (alongside Walmart) of the Merchants Customer Exchange that's developing the software. The company says it's just exploring its options.
The big phone carriers might sell Google their mobile wallet
Remember Softcard (formerly Isis, but renamed for obvious reasons)? It's a joint venture that AT&T, Verizon and T-Mobile started in 2010 to get into mobile payments without ceding the market to Google Wallet and Apple Pay. That hasn't quite worked out, since few want to put a $70 case on their iPhone to use mobile payments, and a caseless option for the iPhone 6 has yet to arrive. Tonight Techcrunch first reported rumors that it's in talks for a sale to Google, while Paypal and Microsoft are apparently interested too. The initial report puts its pricetag at under $100 million, less than the hundreds of millions the mobile carriers invested in it. Google and Softcard have both declined to comment on the rumor, but it seems more a matter of when and who will pick up the pieces, not if.
Drug stores drop Apple Pay and Google Wallet to push their own payment tech
If you're bent on using Apple Pay or Google Wallet for your shopping, you may have to be finicky about your choice of drug stores. Both CVS and Rite Aid have shut off their support for NFC-based payments just days after Apple Pay went live. Try to tap your phone and you'll get an error, or nothing at all. The companies haven't publicly discussed why they're cutting off the handy feature, but this is ultimately an attempt to stifle competition. Both pharmacies are part of the Merchant Customer Exchange, a retailer group whose its own QR code-based mobile wallet system (CurrentC) reaches these stores in 2015. As a memo obtained by SlashGear suggests, they'd rather deny all NFC payments than risk building support for rivals, particularly when they don't eliminate credit card fees like CurrentC does. Suffice it to say that this will be very inconvenient if you're a frequent customer, and you'll currently have to visit the likes of Duane Reade and Walgreens if you want to avoid paying with old-fashioned cash or plastic. [Image credit: Justin Sullivan/Getty Images]
LifeLock pulls its wallet apps, deletes data in light of security worries
Wallet apps are typically more convenient than trying to keep tabs on a slew of identity and payment information yourself. However, that assumes that the apps are secure in the first place -- and unfortunately, LifeLock is learning this the hard way. The ID protection firm has both pulled the LifeLock Wallet mobile app and deleted user data after learning that its tool (based on recent acquisition Lemon Wallet) "may not be fully compliant" with payment card security standards. While there's no sign of a breach, the company says that it would rather play it safe and only restore the apps once people can trust them "without question."
UK carrier O2 dropping its mobile wallet service after less than two years
O2 UK's carrier-independent Money mobile wallet may have proven a little too ambitious. The network is shutting down the service on March 31st so that it can investigate "new and better ways" to handle payments -- in other words, it's not satisfied with Money's performance. Both the market and O2's parent company Telefonica have changed in the past two years, the provider tells Computerworld UK. We can't say we're shocked by the closure when there are now many more ways to pay with your phone in the country; it's a fiercely competitive space. Still, the news will be disappointing to shoppers who were hoping that O2's clout would give Money an edge over its rivals.
Isis nationwide rollout is now available for AT&T, T-Mobile and Verizon customers
After announcing plans for nationwide deployment back in July, and nabbing commitments from both Chase and American Express in the process, Isis is now available for the masses. Customers on AT&T, T-Mobile and Verizon who wield one of over 40 capable handsets can snag a free enhanced SIM and download the app via Google Play to begin using the mobile wallet in all of its NFC payment glory. Of course, in addition to credit and debit cards, the platform also supports loyalty cards, so free drinks at vending machines thanks to MyCokeRewards are a swipe away. How's that for an afternoon pick-me-up?
PayPal app becomes a deal offering mobile wallet payment platform
PayPal's status as the mobile payment method of choice for the masses is beset upon all sides by many would-be usurpers. What's the company doing to stay on top? Beefing up the feature set of its apps for iOS and Android in a big way today -- adding a full-on mobile wallet, automatically-applied deals and discounts and some new ways to order stuff and pay for it. The wallet feature lets people pay with a PayPal account, a credit or debit card, bank account or a line of Bill Me Later credit that can be applied for within the app. Like Google Wallet, the new PayPal app incorporates deals and discounts that are then automatically applied when you pay. Speaking of which, you can still send money the old-fashioned PayPal way, but the new app also integrates ordering, couponing and paying within PayPal's merchant network. We got to see the new app in action, so join us after the break for more.
Chase goes all in on Isis, announces plans for nationwide rollout
We'd hardly call Isis a juggernaut, but the would-be Google Wallet-slayer is certainly building steam. After convincing American Express to back it in a nationwide rollout, Chase has decided to hop on the expansion train as well. The mobile payment launch partner is clearly quite happy with how pilot programs in Austin, Texas and Salt Lake City, Utah went. Soon enough holders of Chase Freedom, Sapphire and Slate cards, along with those special people in possession of a JPMorgan Palladium card will be able to load their accounts into the Isis Mobile Wallet app and tap to pay at retail locations across the nation. Of course, if you're part of the one percent, walking around with your Palladium card, chances are you probably don't wander into to Walgreens to pick up your own Gold Bond Medicated Foot Powder very often anyway.
Boost Mobile Wallet app and prepaid Visa hands-on
Boost Mobile launched a Mobile Wallet app and service today at CTIA 2013 with an interesting twist in that it is tied to a Visa Prepaid card. Boost Mobile customers simply hit up a store to get signed up, download an app onto their handset and once funds are added to their account can use them in a wide variety of ways. From sending money via the app to people in 135 other countries, the ability to pay more than 3,500 billers nationwide, top up your prepaid account and using the included Visa debit card any money in your account can be accessed via that card as well. The app also makes use of your handset's camera with its Quick Check feature -- which is coming soon -- allowing an account holder to snap a photo of a check and submit it using the app to have the check's value added to your mobile wallet once approved -- which is nifty, if you don't use a bank we suppose. There are no month-to-month fees for the service but each bill you pay will cost some $2 and climbs depending on how quickly you need the payment made against the account. The service launches in Los Angeles, San Diego and parts of New Jersey today with rollout to all markets expected by the end of the year. %Gallery-189034%
Visa's V.me digital wallet service graduates from beta with 53 banks, 23 retailers on board
After roughly a year since its unveiling, Visa's digital payment platform V.me has emerged from beta with support from a total of 53 banks, including PNC and U.S. Bank, and 23 retailers. If V.me has escaped your memory thanks to the proliferation of electronic payment options, you'd be forgiven. For those in need of a refresher, the service lets users check out at participating online stores using a one-click solution that remembers credit card details from multiple providers (American Express, Discover, MasterCard and Visa) in addition to billing and mailing addresses. Visa's Global Head of eCommerce, Jennifer Schulz, told TechCrunch that the firm is planning on making mobile apps and bringing the service to checkout terminals next year. How does the company plan on standing out from the sea of options? Visa's banking on its brand-name and ability to spread the service far and wide. If V.me has piqued your interest, leap past the break to catch the full list of supported banks and retailers. [Image credit: Philip Taylor, Flickr]
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.
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 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.
Microsoft brings NFC payments and loyalty cards to Windows Phone 8
Well it looks like Google Wallet and Apple's Passbook have some new competition. Today at the Windows Phone Developer Summit, Microsoft shared its plans to bring NFC payments and loyalty cards to Windows Phone 8 with its very own mobile wallet feature. It's promising that it will be the "most complete wallet experience" on any phone. That of course includes support for tap-to-pay, the ability to link credit and debit cards, integration with third-party apps and, more uniquely, secure elements on the SIM card rather than the phone itself. You'll also have a PIN code option to protect all purchases on the phone. As for partners, Orange France is the only one that Microsoft has announced today, but it says that it expects to have a "good solution" with the US carrier-backed Isis initiative sometime next year (though not in time for launch). What's more, the wallet will come loaded on every Windows Phone 8 device, regardless of whether the carrier supports the SIM-based security, which will let folks use at least some of the features. Check out the latest updates from Microsoft's Windows Phone event in our liveblog!%Gallery-158715% %Gallery-158737%
Leaked Sprint slides reveal Touch Wallet NFC app, Google Wallet eyes the door
Sprint is reportedly developing its own wallet app to rival that of Google Wallet, slides leaked to Android Central reveal. Entering a four-digit code opens your handset to make payments, while tapping an NFC reader will let you directly access your credit cards. Loyalty options are also included, with logos for Starbucks, Macy's and Barnes & Noble amongst others on the slides -- although it's unclear if there's an official partnership or we're looking at placeholder images. Given that Sprint is the only carrier that uses Mountain View's digital payments system, we can't see the move going down well the next time the pair go out for dinner.
