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Chase, Capital One and Barclaycard join as launch partners for Isis mobile payment service
The Isis mobile payment service backed by AT&T, T-Mobile and Verizon may have been a bit overshadowed by Google Wallet in recent months, but it's still on track for a "mid-2012" trial launch in Austin, Texas and Salt Lake City, Utah, and it's now gotten a boost from a trio of new financial partners. Chase, Capital One and Barclaycard confirmed today that they'll each support the NFC-based service and let folks load their credit, debit and prepaid cards into their Isis Mobile Wallet, joining existing partners Visa, MasterCard, Discover and American Express. Unfortunately, any specific launch details beyond that still remain a bit on the light side, with Isis only promising that a national rollout will follow sometime after the initial trial launch.
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.
Wii U controller to pack NFC, says Iwata, create new gameplay options
Aching for more details on Nintendo's elusive Wii U console? Let Satoru Iwata scratch your itch -- quarterly reports aren't just for reporting losses and announcing new networks, after all. Boss hog Iwata told investors that Nintendo is spicing up their next console's tablet-esque controller with a little NFC magic. Nintendo's President briefly entertains the possibilities of a console controller rocking near field communication, suggesting that Skylander-like figurines or NFC enabled cards could be created to present a "new play format in the video game world." He even says the technology might be used to implement micropayments. Sounds neat -- but will you be able to buy DLC with your Google Wallet?
PayWizard offers more ways to pay for content on Samsung smart TVs
PayWizard's "multi-screen" TV payment platform has been available for some time in the UK, but the company's now taking advantage of CES to attempt a big push into the US market. That multi-screen bit comes from the ability to manage your account and purchase content on multiple devices (including smartphones and PCs, in addition to smart TVs), and the company is also touting a new voucher system that can be used for gifting and promotions from content providers. While it remains to be seen how widely it will be used, the company has already gotten off to a decent start by announcing an application for Samsung's smart TVs, which will let folks refill their balance and manage their accounts. Additional details can be found at the source link below and in the press release after the break.
Confirmed: Intel's Ivy Bridge chips will support NFC
Well, looky here. We're reporting live from a keynote on Ultrabooks starring Intel's Mooly Eden, where the star exec just revealed that the company's forthcoming Ivy Bridge chips will support NFC, demoing a transaction involving a laptop and PayPass-enabled MasterCard. Suffice to say, we haven't really seen this technology incorporated into laptops, though it is reminiscent of the older TransferJet standard (not that that ever took off). Unfortunately, Chipzilla's otherwise being mum on details: it's too early to know which credit card companies, software developers and laptop makers are on board, but hopefully Intel's backing is enough to spur some innovation here. Billy Steele contributed to this report.
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?
Square adds customer loyalty and printable receipts to the mobile payment mix
In case you haven't been paying attention, Square, the company that allows vendors to accept payments from various mobile devices, is starting to become a big deal. Now reporting days with over $11 million in transactions, the kids in San Francisco are looking to solve the pains of small business owners while driving repeat usage with a new opt-in customer loyalty system. Coming in the form of a software update, version 2.2 will empower merchants to track repeat visitors and offer sweet incentives to their regulars. For consumers, you'll be capable of seeing these discounts from within the Card Case app, along with letting your awesome presence be known to the shopkeeper -- so, don't be surprised when some owners come grovelin' at your feet. Not to become too futuristic, Square is also going old school with new features such as wireless control of cash drawers and receipt printing. After all, it's hard to look to the future without knowing from where you came.
Ask Massively: Paying-to-win edition
I'd like to announce the launch of my brand-new MMO, Ask Massively Online. This game should put to rest any questions of whether or not cash-shop users have an advantage over those who choose to play straight, as the game is using an actual pay-to-win model. If you pay me money, you win. No payment means you lose. We're still in beta testing and only intend to accept payments in the form of two-dollar bills, but so far we're doing quite well with the core systems. Today's column actually does feature a question on the oft-bandied term used to indicate a dislike for the free-to-play model, but it also features questions about our comment system and the unbearable lameness of not knowing the answer to questions. If you've got a question you would like answered in a future installment of the column, you can leave it in the comments or mail it to ask@massively.com. Winning will be implemented in a later build.
Square updates Card Case, enables hands-free payment on the iPhone
Those of you living in a city graced by Square's Card Case have been gleefully opening tabs and making plastic-free payments at select merchants since May. Starting today, iPhone users will now save precious seconds of shopping time as opening tabs has been automated -- as soon as you're close enough to designated establishments, tabs open themselves courtesy of new geo-fencing APIs exposed in iOS 5. For those who are unfamiliar, the previous iPhone and Android apps required users to manually open those tabs from within the vicinity of a Square-approved merchant. After that, users complete purchases as before by simply confirming their name to a store clerk. That's one more step in society's never-ending quest for frictionless payments, but those with an evil twin or a stalking doppelgänger might want to think twice before joining the Square revolution.
Developers get Google Wallet on original Nexus S, squares wiping your phone with $10
Previously the exclusive phone-swiping domain of Sprint's Nexus S 4G, it now seems possible to get the wonders of Google wallet on its decidedly 3G predecessor. However, it's not an operation for the faint-hearted. If the words Cyanogen, full wipe, flash and kernel resemble white noise, it's probably worth waiting for an official release. See how the forum members at XDA Developers got their NFC wallet fix at the link below. [Thanks, John]
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%
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.
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.
Netswipe turns your webcam into a credit card reader, brings POS payments to the desktop
Credit card fraud costs the banking industry billions of dollars every year, and with companies yet to find an entirely secure system for processing payments online, there's no end in sight for unauthorized transactions. Jumio hopes to bring both security and convenience to the world of online payments, however, with its webcam-based Netswipe secure card reader solution. The system replicates the point of sale (POS) transactions you experience when making in-store purchases, prompting cardholders to scan the front on their credit card, then enter their CVV code using a tamperproof mouse-controlled interface. We're not sure how the software is able to distinguish a physical credit card from, say, a photocopy of a card, but it certainly sounds more secure than the standard input form we use today. It also reduces card number theft from insecure forms and website spoofing, by verifying details through a live video stream. Jump past the break for the full press release, along with video overviews of Netswipe and Jumio, which recently secured $6.5 million in initial funding and is backed by Facebook co-founder Eduardo Saverin.
PayPal announces phone-to-phone NFC support, cuts eyes at Google (video)
Still eager to do business with a company that'll lock your account on a whim and side with the buyer regardless of the facts? Splendid! If that's you, PayPal would love for you to know that it has announced a new phone-to-phone NFC payment application at MobileBeat 2011, offering Nexus S owners the ability to request and transfer funds between handsets. As of now, the functionality is quite limited -- there's just a single smartphone with the hardware capabilities to take advantage, and there's no phone-to-anything not a phone supported as of now. In other words, this isn't exactly a Square killer just yet, but it's definitely something for the sued folks at Google to pay attention to. We're also hearing that P2P transactions through PayPal are gratis "if using a bank account or existing balance in the customer's PayPal account," but no one's coughing up details on what'll be deducted in the form of fees when using a different method of payment. A video demo of the 48 second transaction awaits you after the break, but sadly, there's no details on how soon it'll be made available to the public. Update: It'll be available in the Android Market "this summer."
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.
