mobilepayments
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Google reportedly rethinking Google Wallet strategy, may share revenue with carriers
It's not a done deal just yet, but Bloomberg is reporting that Google could be about to make some big changes to the way it does business with Google Wallet. Citing people with knowledge of the project, Bloomberg says that Google is considering sharing revenue from Google Wallet (specifically that from coupons and special offers) with carriers in an effort to boost adoption of the service, which hasn't exactly taken off as quickly as Google may have hoped (and is also seeing some increased competition). In addition to that, Google is also said to be considering a move that would side-step the carriers and focus more heavily on in-store terminals -- something Bloomberg says could involve additional hardware and software in stores that would work in conjunction with software on Google's own servers. For its part, Google didn't have much to say on the matter, simply noting in a statement that it continues to "work hard to develop Google Wallet and build the partner ecosystem to make it possible for everyone to pay with their phones and get great deals while shopping."
PayPal Here mobile card reader: it's like Square, but with way more frozen accounts
Hear that? That's the sound of coins hitting the mental floor at a breakneck pace, and if PayPal's meteoric success is any indication of how it'll do in mobile... well, stockholders should be pleased. Nearly three years after first hearing of Jack Dorsey's Square (formerly 'Squirrel') project, the most hated division of eBay is coming out with a rival. President and CEO of eBay John Donahoe took the wraps off of the device at Ghirardelli Square in San Francisco today, with an aim to bring PayPal to "merchants in the offline world." The plastic triangle module plays a familiar role: pop it into an iPhone, load up an app and swipe until you just can't sell anything else. We're hearing that PayPal will charge merchants 2.7 percent (just 0.05 percent less than Square), but further details -- and even the thing's name -- are still developing.As much as we jest about PayPal's polarizing nature, we've been victim to one too many unjustified account freezes to become overly joyous here, but we won't kvetch about a little competition. Here's hoping we see rates and fees on the decline thanks to another major player stepping up to bat, but something tells us those kinds of dreams are dreamt only by fools. That aside, the fact that famed designer Yves Behar (profiled here on The Engadget Show) and Fuseproject were tapped to engineer it gets a major thumbs-up from us.Update: Looks like it'll go by the name Here. PayPal Here. Moreover, the hardware and app will be gratis, and shipments will begin to go out in the US, Canada, Hong Kong, and Australia today. Everyone else will need to sit tight for a few weeks, and we're still digging for information on compatibility beyond the iPhone.Update 2: Look like Android support will be here at launch, but iOS devices will need to run iOS 4.0 or higher.
PayPal may go after Square's mobile payments
PayPal is planning to take on Square with a new payment processing dongle, says a report from GigaOM. The dongle will supposedly tie into PayPal's already robust payment processing system and will be targeted towards small businesses. Smaller companies would be able to use this system to process credit card transaction at the office or in the field. PayPal says its technology will become "the future of commerce for small businesses." The eBay subsidiary is expected to unveil its new mobile payment system on Thursday.
Nokia's extreme dieting continues as it kills off Nokia Money
If you thought Nokia had finished its program of slimming down, think again. The axe is being wielded on Nokia Money as the company seeks to reinvent itself as a lean'n'mean mobile player. The mobile payments and cash management service was launched in India late last year, but both complex financial regulations and the fact it's outside of Nokia's core business prompted its early closure. Instead, it'll concentrate its efforts on its smartphones designed for emerging markets like the Asha: with the aim of connecting the "next billion" people to the internet.
Square takes on New York taxis with new iPad-based payment system
Anyone who finds themselves in a New York taxi over the next few weeks stands a slim chance of getting their hands on Square's latest experiment. As The New York Times reports, the company will soon begin rolling out the first phase of its new mobile payment system for taxis, which will see 30 cabs equipped with an iPad encased in a metal housing that also includes a credit card reader. That will let folks swipe their card, sign their name on the screen with their finger, and then receive a receipt on their phone either by text or email; taxi drivers are also able to interact with the system, dubbed "Checker," using their own iPhone app. Unfortunately, details beyond that initial roll out remain a bit light, although Square is happy to point out that the system is completely silent and offers no other distractions.
Square's new Register app turns the iPad into a full-on point of sale terminal
Square continues to add functionality to its mobile payment platform, and the latest addition is its new Register app for iPad. The refresh brings a sleeker interface and greater Card Case integration along with analytics to break down sales by transaction type and chronology to track your business' performance. Additionally, you can set up custom permissions to limit employee access, create customer loyalty programs and there's an improved inventory system feature as well. Naturally, it still relies on Square's trusty card reader for swiping cards and charges 2.75 percent per transaction using Visa, MasterCard, Discover or American Express. Small businessmen, your payment chariot awaits, so check out a video of the new Square Register in action after the break.
Isis partners with VeriFone, Ingenico, ViVOtech and Equinox, prepares to take over the world
So, you've got the carriers on board, and the banks and even the handset makers. Problem is, without compatible registers and point of sale terminals, your mobile payment tech is worthless. Thankfully Isis, the NFC wallet system that aims to crush Google's buzzed-about platform, just scored a host of partners including VeriFone and Equinox that make a pretty large chunk of world's payment terminals. Those companies, along with Ingenico and ViVOtech have agreed to support Isis on future hardware and, in some cases, update the software on machines in the field to communicate with the app. For a few more details hit up the PR after the break and prepare for the Isis invasion to kick off sometime towards the middle of the year.
Mobile Miscellany: week of February 27th, 2012
Not all mobile news is destined for the front page, but if you're like us and really want to know what's going on, then you've come to the right place. This past week, we've seen a major shakeup in the world of mobile payments and we were thoroughly teased by Rogers, which launched a curious pre-order promotion for the Lumia 900. These stories and more await after the break. So buy the ticket and take the ride as we explore the "best of the rest" for this week of February 27th, 2012.
Google Wallet Android app updated, headed to 'at least' ten more Sprint phones this year
Google may have had to deal with some less-than-positive Google Wallet news last month, but it was able to announce some progress of a different sort in the past couple of days. The first is an update to the Android app, which adds the ability to handle PO Boxes for prepaid card top-ups, along with a number of other fixes and improvements. The second, more significant news comes out of Mobile World Congress, where Google Wallet and Payments VP Osama Bedier revealed that the mobile payment service would be heading to "at least 10 additional phones" on Sprint this year -- no word on those specific phones, though. Details on any expansion plans beyond that also remain a bit light, with Bedier only saying that Google remains in talks with other carriers and device manufactures.
eBay, PayPal, Opera announce mobile payment innovations at MWC
Nope, "Grease" isn't the word, it's "Mobile Payments," or at least it would be if it wasn't technically two words. Still, eBay, PayPal and Opera have used the fiesta atmosphere at MWC to promote their services, as you do. eBay's partnered with UK carrier Three, which will now pre-install the auction site's apps on all the Android phones it sells. It's also teamed up with hotelier Yotel and Iberian ticketing service Entradas to offer quick-and-easy payments for the same. Meanwhile, Opera has launched the Opera Payment Exchange (OPX), aiming to democratize the space by making secure commerce available on any form of feature phone, rather than just top-level smartphones. Finally, PayPal has rolled out a new payments system to Home Depot nationwide. Every branch will be equipped to handle payments from the online agency using a card or cellphone and PIN combination. After the break we've got the details for all three, suffice to say it won't be long before you can spend every penny you've earned without having to get out of bed.
AT&T connected Galaxy Nexus, Nexus S get Android Market Google Wallet installs
So far, Google Wallet has its official US availability on NFC-compatible handsets limited by unfriendly carriers with their own mobile payment services in mind, but it appears that is no longer the case for Nexus handsets with AT&T SIMs inserted. Droid-Life reported the app is available in the market for AT&T-SIM'd HSPA+ Galaxy Nexus phones, which we were able to confirm on our own device (over any connection, as long as the AT&T card is in, switching back to a T-Mobile SIM made it disappear from the market again, although of course the app still worked). We also found it was available on our Nexus S under the same conditions, however that official blessing did not extend to the NFC-compatible Galaxy S II Skyrocket or Galaxy S II Global we tried. Interestingly, Droid-Life has also noticed easy access downloads for VZW Nexus that are rooted with their bootloaders unlocked, and of course there's still always another way to get it.
MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out
It's been over fifteen years since MasterCard, Visa and Europay developed EMV technology to make your credit cards more secure, but it has yet to really catch on here in the US. However, MasterCard has created a master plan to help usher in the EMV era and sound the death knell for the magnetic strip. Why? The EMV infrastructure is far more fraud-resistant because each transaction is authenticated dynamically using cryptographic algorithms and a user-specific PIN. That's why MasterCard plans to help build out the EMV POS infrastructure by April of next year and have its secure e-payment system functioning at ATMs, online and with its myriad mobile payment options as well. For now, the nuts and bolts of how the credit card firm plans to bring its plan to fruition are few, but more details will be forthcoming, and there's a bit more info at the source and PR below.
Card.io reaches out to devs, offers up credit card payment accounts to Joe normal
Who needs extra hardware to add mobile payments to iOS and Android? Not Card.io, who's unveiled a new SDK for it's visual card processing system alongside a payment app allowing anyone to accept payments from other users. Having already launched its scanner software development kit last year, the new SDK will open up the company's payment process to third-party developers. The new payment app works across Android and iPhone platforms, with no need to register as a merchant to access the feature. Although there are no registration charges, payments made through either PayPal or your bank account will have an additional 3.5 percent plus 30 cents nudged on top of each transaction. Going dutch has never been more (begrudgingly) easy.
NXP gesture smart card adds another layer of security to NFC data, we go hands-on (video)
With the rapidly expanding proliferation of Near-Field Communication (NFC), concerns about its security and privacy are growing right along with it. There's plenty of worries fluttering about that personal information stored in NFC tags and mobile payment applications could easily be snagged if someone steals your stuff. While most existing services like Google Wallet are heavily focused on security, there are still several other uses of NFC technology that are largely unlocked and easily cracked. Aware of this issue, NXP Semiconductors is working on a smart card that adds an extra barrier of entry for would-be information thieves; it requires you to draw gestures, patterns or even enter PIN codes in order to unlock the secret 411 on your computer. This works out well when you use an RFID reader to access your corporate offices or even use NFC to import passwords and other highly sensitive information. How do you set up the unlock process? You use an application on your desktop, which is capable of customizing the access point and it can also get trained to learn your style of handwriting. The service is still 6-12 months away from fruition, so we didn't get to see everything the card will be capable of, but we were at least able to get a short demonstration of some of the benefits of having an extra layer of security to NFC data transfers.
Square's perimeter gets larger, now sold at UPS and OfficeMax locations
What's a company to do once it grabs a million merchants? Grab a million more, naturally. Following an online rollout and a wider spread to Apple Stores, Jack Dorsey's own Square is expanding to OfficeMax and UPS locations. A couple of months back, the outfit announced that it was handling some $11 million in payments per day (a wild increase from $4 million per day in July), and with the new agreements, Square payment devices are being sold at 10,000 retail locations. The hardware itself will sell for $9.99 in stores, but each buyer can redeem a $10 credit to their bank account. Beyond this? It's reportedly hoping to "upgrade the experience of running a business, end-to-end, on the iPad," with the outfit adding "in-depth merchant analytics to its iPad experience, allowing merchants to access information about which inventory is selling well, and what they can do to help make more money." Oh, and in case you couldn't guess, Square's also looking to staff up even more to tackle all of 2012's goals -- three cheers for job creation, yeah?
Aussie bank debuts Kaching app, accompanying iCarte case for mobile payments on iPhone 4
This certainly isn't the first time we've seen an attempt to bring NFC to the iPhone, but the Commonwealth Bank of Australia certainly deserves kudos for integrating the iCarte case with its mobile payment app known as Kaching (think Ka-ching). Available as a standalone free application, Kaching allows users to send money to others, either via text message, email or through Facebook. For those looking to dig deeper, an iCarte case may be purchased for $54.95 from within the app, which allows the iPhone 4 and 4S to be used for mobile payments at all PayPass terminals. From within Kaching, users may check account balances and choose which card they care to pay with. All in all, it looks like one sweet (albeit temporary) solution. [Thanks, Phil]
NTT DoCoMo, KDDI and Softbank found consortium to support global NFC standards in Japan
Mobile payments are nothing new to the people of Japan, who've used NTT DoCoMo's Osaifu-Keitai as the de facto standard for years. Based on Sony's FeliCa smart card, the system is incompatible with the NFC Type A and B technologies that are spreading across the globe. Hence, there's a growing concern for interoperability in the Land of the Rising Sun, prompting NTT DoCoMo, KDDI and Softbank to establish the Japan Mobile NFC Consortium in an effort to keep pace. Moving forward, the three carriers will work with suppliers and manufacturers to guarantee a smooth transition to the Type A and B standards, ensuring that future handsets will speak the proper NFC lingo throughout the world. Full PR is just after the break. [Tokyo photo via Shutterstock]
Square snags one million merchants, liberates the cashless
For those of us addicted to plastic, "I love you" hardly holds the same clout as those three magical words: "we accept credit." Taking the dream one step closer to plastic payment monogamy is the mobile checkout service, Square. According to founder Jack Dorsey, the company has hit a milestone today, signing up over one million small business owners ready to swipe. For merchants, all it takes is a Square reader and an iPhone, iPad or Android to start processing the plastic of the cash-o-phobic -- practically rendering those ATM pit stops pre-taco run or flea market excursion useless.
Gemalto chosen by Isis to keep its NFC and mobile payment service secure
Let's face it: one of the only ways we'll ever see mobile payments become mainstream is to get the general public on board. To do so, we have to be confident it's safe, and mobile wallets are currently viewed as anything but. Isis, the joint NFC venture between AT&T, Verizon and T-Mobile, understands this, and just announced that it's teamed up with Gemalto to deploy a Trusted Service Manager to provide secure provisioning of consumer information and sensitive financial data. The Google Wallet competitor appears to be gaining momentum, as the three carriers have pumped $100 million into the initiative, and several OEMs have pledged to support the service in their phones. Isis also went on to discuss that its focus is not going to be entirely on the mobile wallet; it will offer a few other NFC-related services, such as smart posters that can beam coupons and tickets to your phone, using your handset as a key to get access to an office or home, and storing your train or bus tickets. The question remains: if you're confident that your financial information is secure, are you willing to try out contactless pay? Or is it ever truly safe?
MasterCard and mFoundry partner to offer NFC payments within mobile banking apps
Hoping to add more punch to the standard mobile banking app, mFoundry has announced that it will be making MasterCard's NFC feature PayPass available in its financial apps. What that translates to for the mobile banking user is a quick and easy way to pay without having to use an additional service like Google Wallet or whatever Isis has up its sleeve. mFoundry currently provides mobile banking services for more than 560 financial institutions and credit unions including PNC, Bank of America and Citi -- so chances are, if you're using a mobile banking app, it's powered by mFoundry. Sadly, the same cannot be said for the extremely limited amount of NFC phones that can actually support the feature. Perhaps having the option within a standard banking app will help the trend take off -- at least amongst those with NFC phones.
