MobilePaymentSystem
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LG is launching its mobile payment system in the US this year
LG launched its mobile payment system in South Korea last June and Yonhap News reports LG Pay is finally on its way to the US. The US expansion is reportedly planned for sometime during the first half of this year and might be launched under a new name -- LG Wallet. Android Police actually spotted an LG Wallet app in the Play Store a few days ago, but it has since been removed.
Samsung Pay gets support for cards from Chase bank
Today, Samsung's making good on a promise recently made to people in the US. The company has announced that its mobile payments system, Samsung Pay, now works with Visa debit and credit cards from Chase bank. Last month, Samsung also said the app would be adding support for gift cards from "top" retailers in entertainment, dining, grocery and fashion, but this feature hasn't officially launched yet. Nevertheless, this shows Samsung is serious about expanding Pay and that, most importantly, it's getting the backing it needs from banks, retailers as well as carriers.
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.
Bank of America testing iPhone payment system
Bank of America is testing a new system that will let customers make mobile payments with smartphones, including the iPhone, Reuters reports. Testing has begun in Charlotte, N.C., where the bank is headquartered. Reuters reports the bank is using technology from Paydiant, whose mobile payment solution is in trials with several banks. The system works by printing a QR Code on a receipt or price tag. It's scanned with an iPhone or some Android models and the transaction is launched. QR coding is just one method being studied. Previously, Bank of America explored Near Field Communication (NFC) chips, but appears to be moving on to this technology that doesn't require special hardware, just a high-quality camera phone. Some Apple fans and industry analysts have expected Apple to adopt NFC, but it hasn't happened yet.
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.
Google gets creative, names new NFC payment system Google Wallet? (Updated)
Yesterday, anonymous sources said that El Goog and Sprint would debut a new NFC payment system on May 26th -- otherwise known as tomorrow. Today, a leak allegedly from The Container Store appears to have spilled the beans on the moniker for Mountain View's mobile money method: Google Wallet. Not the most creative cognomen, but at least it sums up the service succinctly. Still, it's no Ice Cream Sandwich, but we'll find out how it tastes live at tomorrow's event. Update: Eagle-eyed reader Steve pointed out that looking up the WHOIS info for googlewallet.com does indeed lead you to Mountain View, though this was created way back in 2005. You may recall that Google Checkout was initially known as Google Wallet, as reminded by InformationWeek, but we just noticed that the URL is now plain dead instead of taking us to a Google error page, as it did minutes ago. Very intriguing.
Google and Sprint team up to take your digital dollars with new NFC payment system? (updated)
There's been rumors of a Google-fied mobile payment system for some time, and now it looks like the Mountain View crew is teaming up with Sprint to finally make it happen. Last month, we heard that the Now Network would bring NFC payments to its customers this year, and Bloomberg reports that the partnership and payment system will make its debut on May 26th. Apparently, New York, San Francisco, Los Angeles, Chicago, and Washington D.C. are the first cities getting the service, which is a much broader initial footprint than its Isis mobile payment competition. The anonymous sources also say that Verifone and Vivotech are providing the hardware and software that will let you replace your credit card with a Nexus S -- because you always wanted to replace your credit card with your Nexus S. Update: According to All things D, the payment system will be put through its paces by none other than El Goog's Executive Chairman Eric Schmidt at the D9: All Things Digital conference next week -- where we'll be on hand to peep the contactless payment presentation in person.
Windows Phone 7 getting NFC payments in next update?
Microsoft's Windows Phone 7 is still catching up to the competition in terms of apps and basic features, but when it comes to mobile payments it might not be left in the dust -- Bloomberg has two anonymous sources who say that Microsoft will outfit the next version of Windows Phone 7 with software support for near-field communications, and bake NFC tech into WP7 smartphones as early as this year. As we heard earlier this week, Google's reportedly working on a similar plan, complete with partnerships in the credit card space, RIM may or may not be arguing with carriers over its Bank of America trial, and the general consensus around the water cooler is that Apple won't be pursuing contactless payments this year. Yes, it's an exciting time to work in industries that rely solely on money changing hands.
WSJ: Google teams with MasterCard and Citigroup for NFC payments, also files patent app
Ever since the Nexus S and its nifty little NFC chip hit the market, there's been speculation that El Goog was planning a foray into the mobile payment arena currently occupied by the likes of Charge Anywhere. Now, it looks like that plan may be in high gear, as the Wall Street Journal reports that Google's secretly partnered with MasterCard and Citigroup to test out just such a system. According to the publication, the early demo pairs "one current model and many coming models of Android phones" with existing Citigroup-sponsored credit and debit cards, and is using the phones' NFC chips with those VeriFone readers we recently heard about. What's more, a newly-published patent application from the crew in Mountain View may hint at the software behind such things. The application describes a service that sets up Google as a third-party broker who receives the shopping cart info of customers placing orders via a device (including those of the mobile variety), allows them to select shipping and other options, and provides the total order cost. It then collects payment, coordinates shipment, and forwards order information to the seller to complete the transaction. So companies can have Google handle all their payment-taking needs in return for getting a sneak peek at what folks are buying -- something that the WSJ's sources say might be a component of the setup Google's testing right now -- as opposed to other third-party services, like Paypal, that only obtain and exchange payment info with merchants. Looks like Alma Whitten (Google's Director of Privacy) has her work cut out assuaging the concerns such a system will inevitably create in an increasingly privacy-minded populace. Sean Hollister contributed to this report.
iPhone 5 again rumored to have NFC
It's a game of rumor volleying when it comes to the iPhone 5 and Near Field Communication. Early rumors suggested the iPhone 5 would include NFC technology, but recent information from UK-based The Independent hinted Apple would launch its own NFC-based payment system with the iPhone 6. Now that we have adapted to the idea of an NFC-less iPhone 5, Forbes has charged in with another rumor that places NFC back in the upcoming smartphone. The source of this rumor is a friend of an entrepreneur who is working with Apple on a "top secret" NFC product. The unnamed individual believes the fruits of the friend's labor will debut in the iPhone 5. The source also claims manufacturers of NFC readers are preparing for a deluge of business when the iPhone 5 hits this summer. While the possibility of NFC is exciting, the Forbes report is based on second-hand information and cannot be corroborated. Yes, it is possible the iPhone 5 will include an NFC mobile payment system, but it is not a guarantee by any stretch of the imagination. Sit tight and wait for the iPhone 5 rumor mill to kick into overdrive in the next few months before you start investing in VeriFone and other NFC makers.
Apple job posting suggests NFC capability for iPad, iPhone
Thanks to Apple's job board, we may have more evidence that a future version of the iPhone and iPad may include Near Field Communication technology. A recent job listing is seeking a HW test engineer with experience in embedded systems and knowledge of various technologies including RFID. Engadget notes that the listing was changed in the past 24 hours, and the RFID in the job listing has been replaced with RF. Another recent job listing is seeking a manager for a global payment platform. Each individual will "contribute to the analysis and development of new payment types and processes for the various business units," which include iTunes, the online Apple store and Apple retail stores. The listing does not explicitly mention NFC, but one payment type new to the US and gaining momentum is NFC. After lagging behind areas like Japan where NFC technology is ubiquitous, mobile payments using Near Field Communication is poised to take off here in the US. Three of four of the major wireless carriers, AT&T, T-Mobile and Verizon Wireless, are banding together to form a venture named Isis. Isis will be a nationwide commercial network that permits mobile payments via NFC-enable smarpthones and Discover's payment infrastructure. To compete with this carrier-driven endeavor, Apple could establish its own payment network that uses iOS devices and your iTunes account to make wireless purchases. Apple could turn the growing mobile payments market upside down if it could implement such a system on a large scale. [Via Engadget, AppleInsider]
Intuit now offering GoPayment service without fees through February, also throws in a free card reader
Perhaps just to show that it is not hip to be a Square, Intuit has rolled out a serious incentive for businesses to jump on the GoPayment bandwagon. Since we last saw the mobile payment service, the company has decided to offer customers a free card reader (while supplies last) and no monthly service fees in an effort to expand its user base. Primarily aimed at those processing low sales volume, the deal includes $0.15 per-transaction fee. That's half the $0.30 fee for high-volume users, who still get the complimentary reader for signing up, but have to pay $12.95 monthly for the privilege. The offer is exclusively available to new customers, and the gratis reader only works with some phones (far fewer than the number of phones that work with the app itself), but hey, free is free. Let's just hope Intuit's system doesn't suffer from the security problems of its rival.
Google building its own NFC-based payments system?
Can't say we're surprised to hear this at all, but Bloomberg BusinessWeek says Google's working on its own NFC-based mobile payments system. That makes perfect sense, given that Eric Schmidt has been enthusiastically extolling the virtues of NFC since just before Google launched the Nexus S -- which, of course, features an NFC chip. BusinessWeek says the system might launch as early as this year, although we think Google's got plenty of infrastructure work to do first -- and it's facing plenty of competition from the likes of Verizon, T-Mobile, and AT&T, who are launching their own Isis payment system, as well as direct device competition from RIM and Apple. Should get interesting -- we'll see if we hear anything at CES this week.
Square mobile payment system goes live on iPhone, iPad, and Android this week (video)
We've been intrigued by the Square Payment System since it first ditched its Squirrel costume back in 2009, and now it appears we're on the eve (or eve of the eve, or pretty close anyway) to its release for not only the iPhone, but for the iPad and for Android as well. The software is said to be hitting App Stores and Markets this week, working with a sugar cube-sized card reader that pops into the 3.5mm headphone jack, a device that the company is giving away for free to those who sign up. Using it will not be free, with retailers paying fees starting at 2.75 percent plus a 15 cent surcharge, but that's considerably cheaper than many other options out there (which often require costly hardware to boot). There's another new video after the break, and we can't wait for these things to start showing up at the farmer's market. No more early morning ATM runs! Update: Apps for the iPhone, iPad, and Android devices are now live in their respective download abodes. None will require that you enter a single digit of your credit card. [Thanks, Ed]
