mobile payments
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Engadget giveaway: win one of five Nexus S 4G phones with $1,000 Google Wallet credit!
We're pretty excited about Google Wallet, but the service is currently only available for Nexus S 4G phone owners, leaving most of you waiting for broader implementation. Well, how would you like to skip the line, getting to test it out on a Nexus S 4G of your very own? Google has supplied us with five phones to give away -- the company is even throwing in $1,000 (yes, one THOUSAND dollars) of prepaid credit to help fund those first few dozen taps. There's one catch: you'll need to use your Nexus S 4G with a Sprint plan, though the carrier is throwing in one month of demo service to get you started. Check out our in-depth preview for a detailed look at the service, and simply leave a comment after the break to be entered to win -- after checking that you meet the entry requirements, of course.
A week with Google Wallet (video)
Contactless payments have been something of a curiosity in the credit card industry. MasterCard's PayPass has been around for the better part of a decade, but merchants and banks alike seem hesitant to adopt the technology required to make the system work, and inconsistent implementation adds to the confusion -- particularly for customers. Google's new mobile phone-based Wallet service has the potential to transform the technology from its current status as a transaction turkey, to a future as a checkout champion. But will it work? We spent a week with a Wallet-enabled Nexus S 4G, using the device to pay whenever we encountered a MasterCard PayPass terminal. Unfortunately, that wasn't often enough, limiting us to just a handful of transactions in the first week. Still, with Google just beginning to roll out the service and only a limited selection of launch partners ready to go, it's impossible to deliver a complete verdict just yet. Jump past the break for an inside look at Google Wallet, including a video of the service in action, and a brief look at what the world of contactless payments may look like in the future.%Gallery-130759%
PayPal to add mobile payment features, hopes to redefine how we shop (till we drop)
Like the side ponytail craze of the '80s, the newest trend is turning out to be the mobile wallet -- especially as major players like Google, MasterCard, Verizon, Discover and now PayPal board the bandwagon. Our old buddy -- best known for its love affair with eBay (and ripping our own Darren Murph off a solid two large) -- has plans to implement new payment features primarily for (but not limited to) mobile. On the to-do list are things like QR / barcode scans, hyper local deals, fast checkout via NFC, etc. The company is adamant that it's not "just shoving a credit card on a phone," but rather planning to change the whole shopping experience. We'll know more when PayPal releases more details in early October, and when it launches the pilot product sometime later this year. Until then, check out the semi-cryptic video while brushing up on old episodes of SuperMarket Sweep after the break.
AT&T, T-Mobile and Verizon give Isis mobile payment network a $100 million boost
How do you compete with Google's new Wallet mobile payment system? Well, a $100 million cash infusion certainly couldn't hurt. AT&T, T-Mobile and Verizon have plans to invest just that amount in Isis, sources told Businessweek. That sum is likely to grow, since taking on Google is no small feat, especially considering Wallet is already off the ground, with nationwide retail partners and support for MasterCard PayPass. Though Isis first made its debut last year, Google Wallet, which was announced in May, has clearly taken the lead. Isis is little more than a top-level website at this point, though with three of the nation's largest carriers providing support, it could have a chance to catch up -- especially if the carriers elect not to partner with Google, leaving Sprint as the sole wireless provider. We're glad to see some potential healthy competition for Wallet, especially considering that it was looking like Google was poised to create a monopoly. We expect much more to come on the Isis front, but in the meantime, hold on to those wallets -- cell phone payments may be in your future, but for now, paper and plastic are where it's at.
Verizon to offer Intuit's GoPayment in retail stores, free after rebate
There's nothing worse than missing out on your favorite street meat because you've only got plastic. But even smaller vendors may soon be able to process that dollar hot dog with a credit card, as Verizon Wireless is making Intuit's GoPayment card reader available in its 2,300 retail stores. The small business-friendly machine plugs into a BlackBerry, Android or iOS device to transform the smartphone or tablet into a credit card processing machine using a free app. After a $30 mail-in rebate, the hardware is free with no monthly fees and a 2.7-percent fee per transaction. Merchants who upgrade to the premium version for $12.95 per month will only have to fork over 1.7-percent fee per swipe, bringing the net income on that dollar tube of processed meat to just over 98 cents. Plus, Intuit is throwing in two months gratis for the paid version. Check out the full PR after the break, and don't forget the ketchup and mustard.
Mild-mannered RadioShack employee outs Google Wallet's launch date?
Okay, there's a possibility that our growing anxiousness for Google Wallet is distorting our perceptions. Or, perhaps we're merely days from its debut. Let's put it this way: new information from RadioShack suggests the retailer will begin accepting Google Wallet transactions on September 1st. While this fundamentally means that NFC readers will be in place -- which isn't earth-shattering news -- The Shack is one of Google Wallet's launch partners, and it seems the company is priming its employees for the revolution late next week. Like Fox Mulder, we want to believe. Worst case scenario, we now have proof that Google's launch partners are gearing up for its arrival. Hey, we're looking forward to handing over our phones to complete strangers. Aren't you? Update: We're hearing this is more likely just another retailer ramping up for a launch later in the month, so don't get too eager for something shocking to happen on 9/1. Also, of course you don't need to hand over your phone to use Google Wallet. Customer-facing NFC readers mean it can stay very much on your person and out of the hands of sure-handed, dashing, and handsome retail workers. [Thanks, Abed]
Sharp RW-T107 Android tablet packs NFC reader, will accept payments in Japan
Tools like Square's credit card reader and Apple's proprietary iOS retail system make mobile payments possible in the US, but they're hardly streamlined, or widespread. A new Gingerbread tablet from Sharp -- the RW-T107 -- sets out to simplify payments in Japan with its built-in NFC reader. You won't be using your own tablet to pay -- instead, retailers will utilize point of sale apps to process transactions, without a customer ever needing to swipe their credit card. RFID payment cards, like Sony's FeliCa, have been used throughout Japan for the last decade, so consumers are already familiar with the technology and ready to make payments. There's no word on what retailers will expect to pay to add Sharp's tablet to their checkout mix, but with the company set to release only 5,000 devices per month (and no plans to introduce them to the US), we're not planning to ditch our cash just yet.
Study shows iPhone owners open to mobile payments
A British study by research and consulting firm YouGov reveals that almost half of iPhone owners are open to making mobile payments. As noted by GigaOM, the study says 46% of iPhone owners in the UK would be willing to pay bills using their iPhone, 62% would transfer funds from one account to another, 69% would check account balances and 45% would feel comfortable making payments to other people. Those numbers bode well for companies like iZettle and Square, who just released its Square Card Case app today. Despite this, only 31% of those polled reported that they would feel comfortable making contactless payments through near field communication (NFC) technology. That could be due to the fact that people seem to have a distrust for the technology, assuming that simply walking past a NFC reader will lead to your bank accounts being drained by some malevolent hacker. As could be expected, the study also showed that iPhone owners aren't the only ones open to mobile payments. Android and Blackberry owners showed similar interest, though in less numbers when compared to iPhone users. Age also played a factor; younger respondents reported a greater likelihood to use mobile payment technology.
Nokia gifts Museum of London with NFC tags, makes you tap for more info (video)
Make sure to grab your C7 next time you visit the Museum of London. Nokia took the liberty of installing NFC tags at the museum's coolest attractions (like the Lord Mayor's coach and a sweet medieval brooch) -- showing us there's more to the technology than just mobile payments. So far, museum-bound Brits can use their NFC phones to get more exhibit information, buy things like prints and check-in, tweet or "like" what they see. Go on people, tap away, and in the meantime check out the video after the break.
T-Mobile hails Direct Carrier Billing to fulfill your digital shopping desires
T-Mobile doesn't seem too wild about playing with Google Wallet, but for its part, the Bellevue-based carrier keeps dipping its toes into the mobile payment pond. As you're probably aware, its customers have been able to apply Android Market purchases to their wireless bills for a couple years, and later this month, they'll be able to do the same with digital content such as music, movies, and videos. Shopping online without needing a credit card is an obvious benefit, and the company is hoping its two-step authentication process will keep customers feeling secure. All Magenta subscribers will see the option at the time of checkout on T-Mobile's partner websites -- regardless of the device they connect with -- and they'll receive an itemized statement of purchases with their monthly bills. The feature can be disabled if you'd rather not participate, and if you're not sold yet, read the full story in the PR just past the break.
Verizon Wireless to tie American Express' Serve into mobile numbers, keep your credit card holstered
Good news online shopaholics, your tchotchke-buying ways are getting a couple of enablers in the form of American Express and Verizon Wireless. The two titans of industry have teamed up to integrate AMEX's PayPal-like Serve platform into the operator's phones and tablets in the next few months. The service will work by linking your existing mobile number to a Serve account, speeding up the checkout process and ensuring you never second-guess that impulse buy. Sure, this isn't the NFC-chipped, Isis future Big Red promised, but it's a good stopgap for virtual spendthrifts.
CSI Virtual MasterCard app bringing mobile payments to iOS, Android and BlackBerry
Shortly after MasterCard announced plans to become entangled with Google Wallet (and a few months after those ambitious Isis plans were shelved), it looks as if the aforesaid company is diving into yet another mobile payment arena. And this time, it's personal. MasterCard and CSI Enterprises already offer a smattering of customized business cards for those with highly specific needs, and soon that partnership will extend to iOS, Android and BlackBerry OS. We've confirmed that the CSI Virtual MasterCard app is currently scheduled to launch in July, presumably enabling folks with a GlobalVCard to use their mobile device of choice to make payments. What's interesting here is the inclusion of RIM and iOS; there's no BlackBerry device (nor iOS device) on the market today with NFC, which leads us to believe one of two things: that's either changing by July, or this here service won't rely on NFC at all. Needless to say, we'll keep you posted -- nothing like another way to more easily indebt yourself.
Isis mobile payments coming to Austin in 2012
Certain to "Keep Austin Weird," Isis has selected the home of SXSW as its second market for a mobile payment tryout. The joint-venture backed by AT&T, T-Mobile, and Verizon Wireless (with help from MasterCard and Visa), will work with local merchants and the Chamber of Commerce to deliver what it calls a "comprehensive mobile experience" by mid-2012. Isis' latest metropolitan recruit joins Salt Lake City in this experiment that will compete with Google Wallet (which is endorsed by Sprint). Quick advice to Austinites: when out-of-towners begin gawking at you for getting "free" lattes and concert tickets by waving your phone about, be sure to explain the wonders of NFC -- it'd be a shame for them to attempt the same -- only to be taken into custody by the Austin PD. Jump the break for the PR.
Card.io SDK takes swipe at competition with camera-enabled mobile payments (video)
In an attempt to edge its way into the crowded mobile payments market, a new credit card scanning system is saying "ah, hell no!" to typing and swiping. Card.io is billed as an SDK that takes advantage of smartphone cameras to let devs accept credit, because, as its creators point out, "typing on mobile phones is slow, and most consumers don't have a separate hardware attachment." When it's time to pull out the plastic, Card.io gets your phone's camera going, and up pops a little green rectangle, in which you frame your card and snap a pic. Your credit card info is then processed by a third-party merchant, and the details are subsequently deleted from your phone. Can you hear that? That's the sound of our chubby thumbs breathing a sigh of relief. The Card.io SDK for iOS is now available at the source link below, and an Android version should be close behind. For now, hop on past the break for a video demo.
Pay through your iPhone camera with card.io
Using your credit card to pay for products or services through apps can be a pain, particularly if you need to type in that 16-digit card number and a three-digit security code on a virtual keyboard. A new startup, card.io, wants to make paying for something as easy as taking a picture with your iPhone, iPad or iPod touch. Card.io uses the built-in camera in these devices to literally take a photo of the credit card you wish to use for payment. After capturing an image of the card, card.io encrypts the information, and it is passed on to the vendor for payment. At no point is the card number actually saved on the device. The company has an API available for iOS developers and wants to target e-commerce, ticketing and travel apps among others. The video below shows a quick demo of card.io in action. Show full PR text API is available today for iOS app developers card.io Aims to Change the Way Consumers Pay With Credit Cards, Launches Mobile Commerce SDK for iOS Developers Visual swipe technology makes mobile commerce fast and easy San Francisco, Calif. – June 23, 2011 – card.io, a start-up founded by two former AdMob employees, Mike Mettler and Josh Bleecher Snyder, today announced a $1M seed round of funding from a hotlist of angel investors and the launch of a private beta program for mobile developers who want to integrate a fast, easy and secure mobile commerce experience into their applications. Unlike mobile advertising, mobile commerce has yet to mature despite the efforts of a variety of players including major banks, credit card companies, tech brands, mobile operators and well-heeled startups. Typing in credit card info on a mobile keypad is slow, and most consumers don't have separate hardware to swipe a credit card. Card.io is trying to solve both of these problems: you just hold a credit card up to the phone, and card.io automatically reads the card information using the phone's camera. Rather than target retailers, card.io is targeting iOS developers in e-commerce, local, ticketing, travel, and daily deal apps with today's private beta launch. card.io is working with MogoTix for event tickets, TaskRabbit for local services, and SamaSource for donations. "We're betting that, over the long term, software will win out over hardware-dependent payment solutions," said Mike Mettler, co-founder and CEO of card.io. "Because we're software, we can scale and improve more quickly. Also, we can reach every device owner from day one - as long as you have your phone, just point and pay." "Tons of innovation is already happening at the physical point of sale for in-person transactions. We're doing something different. Mobile checkout for ecommerce needs a rethink. Card.io's software-only service lets developers build mobile checkout right into their app. It turns any smartphone with a camera into a cash register," said angel investor Michael Dearing of Harrison Metal. Dearing joins other card.io investors such as Jeff Clavier and Charles Hudson of SoftTech VC, Manu Kumar of K9 Ventures, Alok Bhanot (former VP, Risk Technology at PayPal), and Omar Hamoui (CEO/founder of AdMob). "One of the biggest hurdles to mobile commerce adoption is that users don't want to type lots of information into their phone to make a purchase," said Scott Thorpe at MogoTix. "card.io's software solution is disruptive because it allows consumers to use their phone camera to pay with a credit card, with no need for extra hardware. This improves our purchase conversion and thus increases revenue." App developers interested in more information about card.io's solution can sign up from the website at http://card.io or email beta@card.io. About card.io: Located in San Francisco, card.io aims to change the way you purchase on your mobile device. You can follow us on Twitter at @cardio. # # #
NetSecure Kudos Payments announced for Canada, is the half-circle to Square
Canada may be moving to polymer-based currency, but mobile payment services like Square -- which cater to classic plastic -- haven't yet taken time to trek to the Great White North. NetSecure is looking to offer similar convenience to the region with its new Kudos Payments service, which just so happens to ship with a shockingly curvy swiping dongle. Similar to Square, it creates a secure 'point of sale' without a hard-wired transaction terminal, and charges a slightly higher 2.9-percent fee to users' accounts for each exchange. Kudos has iOS, Android, and Blackberry apps to tap into the functionality and, even a version for Mac and PC -- in other words, you and yours should be suitably covered. Any roving entrepreneurs who are interested in the service will be able to snag the $49.99 kit free of charge from the company's website for a "limited time," which may or may not expire before Google decides to open its own Wallet a few miles kilometers north.
Zoosh does mobile payments using ultrasound, no NFC chip required
Zoosh. That may or may not be what an ultrasonic payment sounds like to a dolphin, but it is definitely the name of a new mobile wallet technology developed by Silicon Valley start-up, Naratte. While Google and other major players have focused on traditional radio-based NFC, Naratte has been quietly testing its ultrasound system instead, motivated by the fact that it can work on ordinary handsets without the need for specialized NFC circuitry. Two phones can "zoosh" each other using nothing but their built-in microphones and speakers, so long as they're both running the necessary app. Moreover, Naratte claims that cash tills can be upgraded to hear the sweet jangle of ultrasonic cash for just $30 -- around a third of the cost of installing radio-based NFC hardware. So who knows? The last time you came this close to ultrasound was probably just before you were born, but one day you might find yourself using it to buy diapers. Scary.
More iPhone than Android owners want mobile wallets
Google may have beaten Apple to NFC, but a recent survey reveals that only 24% of Android users are actually interested in using the technology to make purchases. iPhone owners are still waiting for an NFC-enabled model, but 40% can't wait to pay in a store using their phone. Much of this difference can be attributed to the attitude of iPhone owners. Jennifer Jacobsen, PR director of Retrevo, says "If there's a new trend in mobile tech and what you can do with a smartphone, iPhone owners seem more ready to try it than other cell phone users." It's not a bad thing that Apple is a bit behind in mobile payments as the overall interest in the technology is low. A whopping 79% of the 1,000 survey respondents claim they are not interested in mobile wallets or do not understand what they are.
UK mobile companies take aim at Google Wallet, want in on the NFC action
Oh Google, you didn't think you were going to have all the mobile payment fun did you? While you're beta testing in New York and San Francisco some big names across the pond are looking to dominate the entire UK. Vodafone, Telefonica, and Everything Everywhere (a joint venture between Orange and T-Mobile) are combining forces to create a mobile payment and marketing system that will take on Google Wallet and Offers before they even get off the ground in the British isles. The platform will be open to all comers, including Google, (you know, in case it decides to make Wallet a US only affair) and the companies have pledged to keep customer data out of the hands of third parties. The project is still in the very early stages of development, but the mobile providers aren't dilly dallying -- they expect their efforts to bear NFC fruit before the end of the year.
Verizon teams with Payfone for one-click mobile web purchases (Update: Official)
Verizon's already partnered with AT&T and T-Mobile on the Isis network, but it has fingers in another mobile payment pie -- the Wall Street Journal reports that the carrier's working with Payfone to let you put internet purchases right on your cell phone bill. Mind you, a previous partnership with BilltoMobile already did much the same thing, but Payfone should add more purchase possibilities and generally expand the potential offerings. Yes, perhaps direct carrier billing isn't quite as exciting as Google Wallet's brand of full-on NFC, but while you're waiting for the world to catch up with the latest in payment technology, it's something. Update: We just received a press release from Verizon detailing its partnership with Payfone. Look past the break to read it in full.
