Tag Archives: payment

UK Consumers Reporting Contactless Payment Errors

leathered writes “The BBC reports that some customers of UK retailer Marks and Spencer have reported that the store’s contactless payment terminals have debited their cards despite being in their bags or pockets, sometimes paying twice when they have used another payment method. The cards are supposed to work only when the card comes within 4cm of the terminal. Customers of fast-food chain Pret a Manger have been reporting similar problems, and in both cases cited the customers weren’t even aware they had been issued with NFC-enabled cards by their bank.”

Read more of this story at Slashdot.




Slashdot

T-Mobile raises iPhone 5 down payment by $50, device now costs $150

T-Mobile raises iPhone 5 down payment by $  50, device now costs $  150

After a month of offering the iPhone 5 for $ 100 down, T-Mobile has quietly increased the upfront cost by $ 50. Even with the price hike, it’s still less expensive than on most other carriers, but some type of warning would’ve certainly been appreciated. As for the rest of T-Mobile’s new pricing scheme, its $ 20-a month, two-year amortization schedule remains intact. Consider us skeptical, but hopefully this is just a case of growing pains, and unannounced promotions won’t be part of the UnCarrier’s game plan going forward.

Filed under: , ,

Comments

Via: TmoNews

Source: T-Mobile

Engadget RSS Feed

ESPN streaming content subsidization: mobile carriers mull partial payment

As most carriers have now moved toward using data caps and effectively got rid of unlimited data plans, it seems there are still some big companies out there that feel bad for the users, ESPN being one of them. The sports media network has reportedly been in talks with at least one major carrier about

Read The Full Story
SlashGear

Payment card processors hacked in $45 million fraud

A vast debit card fraud scheme that allegedly netted US$ 45 million has been linked to the hacking of credit card processors in the U.S. and India.
Computerworld News

Simplee Combines Mint.com And Paypal To Bring Medical Bill Payment, Management To Your Smartphone

Home ScreenThe mobile health market is growing like a weed these days. According to mHealthWatch and eHealth Initiative, there are 31,000 health and medical-related apps on the market today. In fact, over the last year, the number of health apps jumped 120 percent, and hundreds of apps now hit stores every month. Yet, in spite of this exponential growth, the mobile health space is still in its “Wild West” phase. In other words, it’s a work in progress.

TechCrunch

Verizon announces device payment plan for select smartphones

First word surfaced that Verizon would be shaking things up, switching from 20 months to 24 months for device upgrades. A short while later, a document was leaked to the folks over at Droid Life suggesting that the carrier would be rolling out a payment plan for smartphones. On the heels of that leak is

Read The Full Story
SlashGear

Verizon confirms 12-month Device Payment Plan for phones is launching April 21st

Verizon confirms Device Payment Plan coming April 21st, with a catch

Look: we know many on Verizon aren’t happy that the carrier has revealed plans to lengthen its upgrade intervals right as smartphone update season is hitting full stride. However, there may be a consolation prize. As of April 21st, “some devices” in its smartphone range, not just the existing tablets, will qualify for a Device Payment Plan that spreads out the full costs over the course of a year, letting those who crave the latest mobile hardware (presumably, you) upgrade without either having to sign a contract or pay everything up front. Sounds like a very UnCarrier thing to do, doesn’t it? Not quite, unfortunately. The carrier tells us that these payments sit on top of existing service plans, not inside them — the base service rate won’t go down in year two. T-Mobile will remain the better bargain for anyone constantly replacing handsets, then, but those on Verizon will at least have a degree of freedom.

Filed under: , , ,

Comments

Via: Droid-Life

Source: Verizon

Engadget RSS Feed

China UnionPay and Intel join forces for secure mobile payment

UnionPay and Intel join forces for secure mobile payment

At IDF’s second-day keynote in Beijing today, Intel announced its collaboration with bank card giant China UnionPay for secure mobile payment, with the latter utilizing Intel’s Identity Protection Technology and also its distribution of the Hadoop software framework for datacenters. With UnionPay being China’s top bank card organization boasting a total of 3.5 billion cards to date, this is obviously a big deal for Intel both locally and around the world — at least in the 141 countries and regions where UnionPay is accepted, according to Executive Vice President Chai Hongfeng.

Chai also used his stage time to show off UnionPay Quick Pass, China’s very own NFC payment service with over 1.1 million local POS terminals as of December 2012. The exec used none other than Intel’s developer device to buy its Corporate Vice President Doug Fisher a can of “Mountain Doug” (we would’ve preferred “Chai Tea” instead), but of course, HTC beat Intel to it with the joint launch of mobile Quick Pass back in August 2011. Anyhow, there’s a press release after the break.

Filed under: , , ,

Comments

Engadget RSS Feed

Mozilla Introduces Experimental Open Payment System For Firefox OS

hypnosec writes “Mozilla has developed an open payment service API to support app purchases in Firefox OS, and has released a draft version allowing app developers to process payments. Pointing out the drawbacks of the different models for payments on the web that are currently available, Mozilla has revealed that it is looking to introduce a common web API that would make payments through web devices easier and more secure while being flexible and retaining today’s checkout button features that are available for merchants. Partly based on Google Wallet, Mozilla’s WebPayment API will remain open to ensure that it is used by a wide range of payment service providers. As a first step towards this, Mozilla has introduced the navigator.mozPay function, allowing web apps to accept payments.”

Read more of this story at Slashdot.




Slashdot

Yandex introduces Twym online payment system for Twitter-based transfers

Yandex introduces Twym online payment system for Twitterbased transfers

Russia’s Yandex has been in the online payment business for more than a decade now with its Yandex.Money service, but it’s branching out into some slightly more uncharted territory with its latest addition. Dubbed Twym, the company’s new service will let folks send actual rubles to other Twitter users with nothing more than a tweet like the one above. Before that transfer takes place, though, both the sender and receiver of the money will need to link their Twitter and Yandex.Money accounts, and there are expectedly some limits on the amounts that can be transfered. 100,000 rubles (or roughly $ 3,300) is the maximum limit allowed by Yandex, but that can be changed by each user. You can also thankfully keep things private via direct message if you’d rather not broadcast your money transfers to all your followers.

Filed under: ,

Comments

Via: The Next Web

Source: Yandex, Twym

Engadget RSS Feed

Uber Drivers Gather Outside SF Office To Protest Dismissals, Payment System, Lack Of Input

uber logoA group of current and former Uber black car drivers gathered outside the startup’s San Francisco headquarters to protest what they said was unfair treatment by the company. When I arrived at around 5:45pm, a group of 30 or so were chanting, “No respect, no Uber!” every time someone left the building.

The person leading the chants, Rajab Alazzeh of SF Best Limo, had apparently been asked by the other drivers to serve as an unofficial spokesman, and he rattled off a number of demands. He said that Uber needs to lower the company’s payment cut from 20 percent to 10 percent, to designate a specific portion of the payment as tip that’s paid directly to drivers, to offer health insurance (which Alazzeh said had been promised), to make the drivers into full employees with W2 paperwork, and to stop bringing on “unlicensed, illegal, unsafe operators” who don’t have TCP certificates and permits. (Note that CEO Travis Kalanick disputes a number of Allazeh’s complaints — see the update below. Also worth noting is the fact that the California Public Utilities Commission cleared Uber to work with non-commercial drivers.)

TechCrunch

Retailer hauls Visa to court over $13.3M fine for payment card data breach

Genesco, a specialty retailer of footwear, sports apparel and related accessories has sued Visa USA for $ 13.3 million in fines that were assessed against the company after a credit card data breach in 2010.
Computerworld News

Samsung’s next-gen NFC smartphones and tablets to get Visa’s mobile payment applet

Visa’s payWave mobile payment applet will be embedded in next-generation Samsung smartphones and tablets enabled with NFC, Visa and Samsung announced at Mobile World Congress.
Computerworld News

Mega now accepts Bitcoin as payment, also hints at e-mail, chat, voice expansion

Kim Dotcom has just announced through Twitter that Mega, his successor to Megaupload, will now be accepting Bitcoin as payment for its cloud storage services. You can purchase your Mega service with Bitcoin through Mega’s newest reseller, Bitvoucher. Bitcoin is a P2P digital currency that allows you to instantly make a payment to anyone, anywhere

Read The Full Story
SlashGear

Ingenico Agrees To Acquire European Online Payment Services Provider, Ogone, For €360M To Build Out Multi-Channel Payments Strategy

Ogone logoIngenico, a global payment provider, is to acquire Brussels-based, pan-European online merchant payment services provider Ogone for €360 million. Ingenico said the acquisition furthers its strategy of becoming a “one-stop-shop” multi-channel payments provider, with Ogone’s online platform helping to build out its existing point-of-sale and mobile payment offerings.
TechCrunch

RIM’s mobile payment solution gets thumbs up from Visa

RIM's mobile payment solution gets thumbs up from Visa

The final pieces of the puzzle are falling into place just ahead of the big reveal on January 30th. The carriers are on board, there’s apps galore and now Visa has approved RIM’s Secure Element Manager (SEM) for its mobile payment system. Being given the green light means that BlackBerry wont have to worry about being upstaged by the flood of Android devices coming down the pipeline with NFC payment solutions embedded in them. It’s also a major boost to the SEM platform developed by the Canadian firm which has already won the backing of many carriers in its homeland, like Bell, Rogers and TELUS, but has struggled to gain a foothold in the US. For more, check out the PR after the break.

Continue reading RIM’s mobile payment solution gets thumbs up from Visa

Filed under: , ,

Comments

Via: N4BB

Engadget

PayPal’s in-store payment partners grow to 23 retailers

The e-commerce payment giant expands its offline reach to 18,000 brick-and-mortar shops across the U.S. [Read more]


CNET News

PayPal in-store payment system now available at over 18,000 locations

Throughout the past year or so, PayPal has been working to make its in-store payment platform more robust by bringing in a number of new retail partners, including Home Depot, Guitar Center, Barnes & Noble, and JC Penney. However, today the company has revealed that PayPal users can now pay for items in over 18,000

Read The Full Story
SlashGear

Yacht Steve Jobs commissioned before his death can’t set sail due to payment dispute

The sleek, white superyacht Apple founder Steve Jobs commissioned before his death cannot leave the Netherlands just yet due to a payment dispute.


FOX News

Square For Services, Not Just Goods: Payment Company Partners With San Francisco Ice Rink [TCTV]

Square For Services, Not Just Goods_ Payment Company Partners With San Francisco Ice Rink [TCTV] | TechCrunchWhen you think about using Square, it’s very easy to drift off into thoughts of paying for coffee, food, or goods at a farmer’s market. In reality, the point-of-sale system that Square has created is a powerful thing for any business, small or large. Today, TechCrunch spent some time at Safeway Ice Rink in Union Square, right in the heart of San Francisco. I’ve learned that the company is seriously infatuated with squares (even its new office will be in the shape of one), so it makes total sense that they approached the Union Square rink for the promotion. So far, so good. Have a look:
TechCrunch

CIBC Mobile Payment App reaches BlackBerry App World for the rare chance you can actually use it

CIBC Mobile Payment App reaches BlackBerry App World for the rare chance you can actually use it

Rogers kicked off Canadian NFC mobile payments at the start of the month through what was mostly a ceremonial gesture — until the CIBC app arrived, locals simply had to wait. It’s at last time try some Suretap mobile shopping now that the CIBC Mobile Payment App has popped up in BlackBerry App World. As promised, the title will let Canucks tap to pay with a credit card (up to $ 50 at once) at the 17 store chains offering use of a MasterCard PayPass or Visa PayWave terminal. The catch remains the sheer number of conditions that need to be in place: on top of requiring an NFC-aware SIM card, a CIBC credit card and the right stores, the early software only works its magic with the BlackBerry Bold 9900; Curve 9380 support depends on a future update. Having the crucial app is still a step forward, and the handful of trailblazers can always recount tales of buying Timbits with their Bolds while those on other platforms have to sit tight until 2013.

Filed under: , ,

CIBC Mobile Payment App reaches BlackBerry App World for the rare chance you can actually use it originally appeared on Engadget on Sat, 17 Nov 2012 03:40:00 EDT. Please see our terms for use of feeds.

Permalink MobileSyrup  |  sourceBlackBerry App World  | Email this | Comments
Engadget

Pandora Shares Artist Payment Figures



An anonymous reader writes “Today in a blog post, Pandora has shared some details of the fees they pay to musical artists for playing songs over their music streaming service. Over 2,000 different artists will pull in $ 10,000 or more in the next year, and 800 will get paid over $ 50,000. They provided a few specific examples as well. Grupo Bryndis, who has a sales rank on Amazon of 183,187 (in other words, who is not at all a household name), is on track to receive $ 114,192. A few earners are getting over $ 1 million annually, such as Coldplay and Adele. ‘Drake and Lil Wayne are fast approaching a $ 3 million annual rate each.’ The post segues into a broader point about the age of internet radio: ‘It’s hard to look at these numbers and not see that internet radio presents an incredible opportunity to build a better future for artists. Not only is it bringing tens of millions of listeners back to music, across hundreds of genres, but it is also enabling musicians to earn a living. It’s also hard to look at these numbers, knowing Pandora accounts for just 6.5% of radio listening in the U.S., and not come away thinking something is wrong. … Congress must stop the discrimination against internet radio and allow it to operate on a level playing field, under the same rules as other forms of digital radio.’”

Read more of this story at Slashdot.


Slashdot

Isis mobile payment trial run hit with a delay

Isis, the mobile payment service that is the result of a Verizon, AT&T, and T-Mobile team-up, was supposed to enter into its first round of trial runs later this month. Instead, CNET reports that its developers have hit a few roadblocks, and have now pushed the launch of that first trial run back a bit.

Read The Full Story
SlashGear

What the mobile payment craze is really about: Coupons!

Everyone’s talking about paying for stuff via smartphone. But you already have a credit card — so here’s how your phone will really pitch in.
[Read more]
CNET News

Isis mobile payment system primed for September launch, supported devices revealed

Isis mobile payment system primed for September launch in Austin and Salt Lake City

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.

Filed under: , ,

Isis mobile payment system primed for September launch, supported devices revealed originally appeared on Engadget on Tue, 28 Aug 2012 20:47:00 EDT. Please see our terms for use of feeds.

Permalink Droid Life  |  sourceBloomberg, MasterCard (PDF)  | Email this | Comments
Engadget

Isis mobile payment venture to launch next month

That’s according to the CEO of Verifone, who makes payment systems for merchants and is bullish about its prospects.
[Read more]
CNET News

Payment Data Is More Valuable Than Payment Fees

Screen Shot 2012-08-18 at 12.16.21 PMWe are in the midst of a great revolution the payments space: anyone with a phone can now accept credit cards; online-to-offline commerce is allowing online payment for offline purchase and significant friction is being removed from the consumer purchase experience thanks to mobile. All of this innovation (read: competition), combined with government intervention, means that payment fees are falling, threatening revenue streams for incumbents and startups alike in the payments space. But a broader opportunity exists: using the data of payments to build a more valuable, more defensible business model, one not dependent on fees. The result will revolutionize offline commerce and online advertising.

TechCrunch

Massive payment card upgrade has mixed results in Australia

Despite a years-long upgrade of Australia's payment systems, fraudsters are still profiting, leaving a questionable record for a vast program to equip debit and credit cards with new security features.
Computerworld News

LevelUp Now Has $21M To Take On The Squares Of The Mobile Payment World

screen-shot-2012-06-07-at-10-26-55-amMobile payment service LevelUp, an off-shoot of Boston-based SCVNGR, announced this morning that it has raised $ 9 million from T-Venture, the venture capital arm of Deutsche Telekom. The investment is the second tranche of a larger funding round and brings the total raised to just over $ 21 million. SCVNGR itself has raised over $ 31 million. As a result of the investment, T-Venture Senior Manager Randeep Wilkhu will join the startup’s board as an observer.

As for some context: Every day there’s a new headline about mobile payments solutions. It seems that every carrier and credit card company has its own system, while all the big mobile players are working on one or have one already on the market (Google Wallet). The rumors indicate that the iPhone 5 will have NFC functionality to enable Apple’s entry into the mobile payments game. The point is: It’s easy to be skeptical of new solutions, especially when it comes to long-term viability.
TechCrunch

Mobile Payment Chips Could Let Hackers into Your Phone

Near-field communication chips may let smartphones replace cash and credit cards—but they could also offer opportunities to hackers.

In a packed room at the Black Hat computer security conference in Las Vegas yesterday, an Android smartphone was tapped with a white plastic card, and within seconds it was running malicious code that allowed an attacker to remotely access the device.







Technology Review RSS Feeds

Payment terminal flaws shown at Black Hat

Three widely deployed payment terminals have vulnerabilities that could allow attackers to steal credit card data and PIN numbers, according to a pair of security researchers from penetration testing firm MWR InfoSecurity in the U.K.
Computerworld News

US mobile payment use has doubled

If you haven’t used your mobile phone to initiates some kind of financial transaction, then you better get on board because it is quickly becoming the fastest-growing segment in the consumer financial world. According to IDC Financial Insights, the number of consumers using their smartphones to complete online or offline transactions has doubled as of

Read The Full Story
SlashGear

Visa and MasterCard funding returns to WikiLeaks via French payment gateway

Using Visa or MasterCard for donations to WikiLeaks was made possible again Wednesday when the French organization Defense Fund Net Neutrality (FDNN) started accepting payments via those credit card providers through the French Carte Bleue systems.
Computerworld News

A Banking Giant Makes a Mobile Payment Bet

Backing from JPMorgan Chase will speed a startup’s rise in a crowded field.

Paying for something from a mobile phone still isn’t an option in most U.S. brick-and-mortar stores. But that reality is obscured in San Francisco. The Bay Area has been an early testing ground for a future full of smartphone-based transactions, with all sorts of companies, from Starbucks and PayPal to Google and startups like LevelUp getting involved [see "Battle of the Electronic Wallets"].







Technology Review RSS Feeds

Mobile Payments: A Trillion Dollar Industry… Once Everyone Can Actually Make A Payment

nfc-payment“Is that a Windows phone?  Uh, sorry about that…. we only accept payments from Apple devices.”

The absurdity of the above statement is crystal clear.  Basic transfer of money from one party to another in exchange for goods and services shouldn’t be this exclusive.  Yet, this is where we find ourselves today.

Did we just unveil the new “we don’t accept American Express” of our generation?
TechCrunch

Groupon Testing Merchant Payment System



An anonymous reader writes with news that Groupon is testing out a service for letting merchants accept credit cards that could put it into competition with PayPal and Square. “Groupon’s nascent payment service comes with an Apple iPod Touch, and a case that wraps around the back of the device, which allows merchants to swipe credit cards.” The fee structure isn’t finalized, but their aim is to be competitive with PayPal and Square. “Groupon may have flexibility to charge lower fees because it could subsidize the payments service from money it makes providing other services to merchants, they said. PayPal’s service, known as PayPal Here, charges a fee of 2.7 percent of the purchase price for all types of credit and debit cards – including those issued by American Express Co.. Transaction fees for processing AmEx cards are often higher. Square charges 2.75 percent per swipe. Groupon’s test service is charging a 1.8 percent transaction fee and 15 cents per transaction, Rocky Agrawal, an industry analyst, reported in a VentureBeat blog late Thursday.”

Read more of this story at Slashdot.


Slashdot

The Story Behind Payment Disruptor Stripe.com And Its Founder Patrick Collison

Screen shot 2012-05-18 at 4.01.39 PMPaypal created a cost effective way to safely accept payments 10 years ago, but the web has changed dramatically and accepting payments has not. Enter Stripe, a company that in my opinion is going to get very influential over the next few years. At a recent Startup Grind event I interviewed 24-year old Irish co-founder Patrick Collison who has raised $ 18MM from Sequoia Capital and others. Patrick is leading a company poised to completely disrupt the online payment industry starting with your website.
TechCrunch

Parkmobile adds NFC to its parking payment repertoire

Image

Let’s face it, whether you’re down at the laundromat or feeding the meter on a busy street, you can never find enough quarters when you need’em. Know what effectively sidesteps that lack of foresight? NFC, that’s what. And that tap-to-pay convenience is ready to roll out for folks in Oakland, CA courtesy of Atlanta-based Parkmobile. There’s no great mystery to the company’s purpose — the name says it all — as it specializes in payment solutions for (what else?) parking. With the installment of special near field-equipped stickers on meters throughout that West Coast city, fine-fearing citizens will now have one extra payment option beyond the outfit’s currently available mobile app and internet transactions. Naturally, you’ll have to sign-up online to get started, but after that you’ll never have to fear the meter maid again.

Continue reading Parkmobile adds NFC to its parking payment repertoire

Parkmobile adds NFC to its parking payment repertoire originally appeared on Engadget on Sat, 19 May 2012 01:21:00 EDT. Please see our terms for use of feeds.

Permalink   |   | Email this | Comments
Engadget

Report: Amazon Moves One Step Closer To Its Own In-App Payment System For Appstore

amazon-logoWhen we interviewed Ray Anderson, the CEO of mobile payments company Bango last month and asked him when we would see one of its key customers, Amazon, roll out its own mobile payment service, his cool answer was “in due course.” A report out today from Bloomberg points to the company getting warmer on the idea.

Bloomberg says that app publishers have been trialling Amazon’s payment service for around the last month. The service would cover both one-off purchases as well as subscriptions through apps. And, like Google and Apple, Amazon plans to take a 30 percent commission on payments made using the platform.
TechCrunch

PayPal plans to enter China, India online payment markets

EBay subsidiary PayPal plans to enter China and India's online payment markets, marking a major push by the U.S. company in the region.
Computerworld News

Mobile Payment Startup BOKU Raises A $35M Round. NEA, Telefonica Among The Investors

boku_logoAnother sign of the significant investment and attention going into the mobile payments market: BOKU is today announcing a significant new round of funding totaling $ 35 million, to be used to continue building out its payments business.

Of that amount, TechCrunch understands that $ 30 million will be coming from VCs and angels led by new investor NEA, with participation also from existing investors including Andreessen Horowitz, Dag Ventures, Index Ventures and Khosla Ventures. And $ 5 million will be coming from a new strategic investor, the carrier Telefonica.

This brings the total amount invested in the company to $ 75 million.
TechCrunch

Isis mobile payment platform is almost ready

Isis has a booth on display at the SXSW show in Austin, Texas this week. Austin is one of the platform’s pilot cities, and will be able to start accepting Isis payments in the summer. The Isis team, which is made up of a joint venture between Verizon, AT&T, and T-Mobile, released a new video

Read The Full Story
SlashGear

Google To Devs: Use Our Payment System Or Be Dropped



Meshach writes “Google has been pressuring applications and mobile game developers to use its costlier in-house payment service, Google Wallet for quite some time. Now Google warned several developers in recent months that if they continued to use other payment methods — such as PayPal, Zong and Boku — their apps would be removed from Google Play, The move is seen as a way to cut costs for Google by using their own system.”

Read more of this story at Slashdot.


Slashdot

LightSquared defaults on $56M payment to spectrum owner Inmarsat

LightSquared has defaulted on a US$ 56.25 million payment due under a 2007 wireless spectrum cooperation agreement with Inmarsat, the U.K. satellite communications operator said Monday, adding that it could terminate the agreement if LightSquared doesn't make payment within 60 days.
Computerworld News

Groupon On A Shopping Spree: Buys Mobile Payment Specialist Kima Labs

groupon logoAnother acquisition for Groupon, and a sign of how the e-commerce company is getting more focused on mobile as a route to future growth: it has picked up Kima Labs, which makes mobile barcode reading app Barcode Hero and mobile payment app TapBuy. The terms of the deal were not disclosed; we’re trying to find out.

The news comes just hours after news broke that Groupon had bought another mobile startup, Hyperpublic, which makes geolocation technology.
TechCrunch

Sony prepping power outlet that demands payment, identification

Sony Power Outlet

We’re already counting down the days until these bad boys find themselves in your local cafe and airport terminal. Sony is working on power outlets that are able to identify a user and determine their permissions at that particular socket. With the quick tap of a card, phone or other NFC device your authentication info is passed to a server over the powerline itself. The tech could be used to manage power consumption or prevent theft, but the more obvious and immediate use will be to make a quick buck. The chips at the heart of the platform are compatible with Sony’s FeliCa NFC payment system — which means travelers waiting at Narita International Airport could soon be paying for both WiFi and to keep their laptop juiced when their flight is inevitably delayed. On the other hand, perhaps being able to charge for a charge will convince New York City Starbucks to give us our outlets back. Check out the source link for some machine translated PR.

Sony prepping power outlet that demands payment, identification originally appeared on Engadget on Tue, 14 Feb 2012 12:27:00 EDT. Please see our terms for use of feeds.

Permalink The Verge  |  sourceSony (translated)  | Email this | Comments
Engadget

MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out

MasterCard reveals roadmap for EMV electronic payments 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.

Continue reading MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out

MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out originally appeared on Engadget on Tue, 31 Jan 2012 05:42:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceMasterCard  | Email this | Comments
Engadget

MasterCard’s QkR mobile payment system enters trial in Australia

QkR

MasterCard is all over the map when it comes to mobile payments. The credit company will partner with anyone, anywhere, anytime if it means getting new customers and making a buck on the deal. Its latest offering is called QkR, an Australian effort with support from the Hoyts chain of movie theaters and Commonwealth Bank. The initial trial run will be at La Premiere cinemas, where customers will be able to order and pay for food and beverages right from their seat with the QkR app. To initiate the transaction a you scan the QR code or tap the NFC tag attached to the arm rest, and a staff member delivers the trough of popcorn and kiddie pool of coke right to your seat. Now all we need is this sort of high-end treatment in American movie theaters. Check out the video after the break to see it in action.

Continue reading MasterCard’s QkR mobile payment system enters trial in Australia

MasterCard’s QkR mobile payment system enters trial in Australia originally appeared on Engadget on Fri, 27 Jan 2012 21:15:00 EDT. Please see our terms for use of feeds.

Permalink   |   | Email this | Comments
Engadget

eBay: PayPal Mobile Payment Volume Up Over 500 Percent On Thanksgiving Day

ebayAs we heard earlier today, Thanksgiving proved to be a lucrative day for online retailers. IBM reported online Thanksgiving 2011 sales were up 39 percent over Thanksgiving 2010, with mobile shopping on the rise. eBay and PayPal are seeing similar trends. PayPal Mobile just announced a 511 percent increase in global mobile payment volume when compared to Thanksgiving 2010.

On Thanksgiving in the U.S., consumers shopped on mobile most frequently between 6:00 p.m. and 7:00 p.m. PST. Around the world, consumers shopped on mobile most frequently between 1:00 p.m. and 2:00 p.m. PST.

TechCrunch

Visa aims at developing countries with new international prepaid mobile payment service

Shortly after announcing its new digital wallet service V.me for developed markets, Visa also made a presence at Mobile Asia Congress in Hong Kong to promote its new prepaid mobile money platform aimed at the under-banked and the unbanked consumers. By utilizing its recently-acquired Fundamo (which currently has more than 10 million mobile payment subscribers), Visa aims to leverage on the vast number of mobile phone users in developing countries — many of whom are already using local but carrier-bound mobile payment systems — in order to offer a globally interoperable mobile payment network.

This overlaying platform is said to be more secure, much cheaper and more convenient than the likes of Western Union, especially when you can simply make mobile-to-mobile payments when sending money across countries. Nigeria and Uganda will be the first countries to get a taste of this early next year courtesy of telecommunications provider MTN Group, and eventually more developing countries in Africa, Asia and Latin America will join the list. Full press release after the break.

Continue reading Visa aims at developing countries with new international prepaid mobile payment service

Visa aims at developing countries with new international prepaid mobile payment service originally appeared on Engadget on Thu, 17 Nov 2011 00:54:00 EDT. Please see our terms for use of feeds.

Permalink   |   | Email this | Comments
Engadget