Digital Transactions Authoritative, insightful and timely information for payments professionals
At first glance, the nascent mobile-payments business doesn’t seem to be the major driver of Google Inc.’s $12.5 billion cash acquisition of cell-phone maker Motorola Mobility Holdings Inc. The deal, however, could spur payments using near-field communications (NFC) technology as software companies, phone manufacturers, and mobile-communications software companies jockey for …
Read More »A Technical Glitch Short-Changes Developers Selling Apps on Android Market
A technical gremlin has caused thousands of developers to be short-changed on payments they are due for applications they sell through Google Inc.’s online Android Market. The glitch, which developed some time in July, has created a mismatch between customers’ orders on Google Checkout, the Mountain View, Calif.-based Web …
Read More »Just As NFC Gains Impetus, An Analyst Casts Doubt on Supply of Phones
With companies like Google Inc., Visa Inc., MasterCard Inc., and the major wireless carriers talking in recent months about near-field communication projects, observers could be forgiven for concluding that NFC-based mobile payments are poised for a breakthrough in the U.S. market. There could be just one problem: no NFC …
Read More »Visa Tries To Juice EMV And Mobile Payments with New Initiatives
Leading payment card network Visa Inc. on Tuesday announced three initiatives to spur adoption of so-called EMV contact and contactless chip cards and near-field communication (NFC) mobile payments in the U.S. Observers hailed Visa’s action, but noted that a full move to EMV and NFC mobile payments in the U.S. …
Read More »Isis Backer Verizon Wireless Agrees to Add AmEx’s Serve to Phones And Tablets
n n n n n n n New York City-based Payfone uses a consumer’s mobile-phone number to authorize purchases. AmEx led a $19 million investment in Payfone in April that included the investment arm of Verizon Communications, n
Read More »Mobile-Payment Apps Store And Leak Critical Data, Security Expert Says
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Read More »First Checks, Now Cards: How Entrepreneurs Are Harnessing Cameras for Payments
n Jumio Inc., a startup based in Mountain View, Calif., this week introduced a system that lets consumers scan credit and debit cards using the Webcam built into many PCs. The launch follows a similar application introduced earlier this year by Card.io, San Francisco, that lets mobile phones scan …
Read More »PayPal Will Process POS Payments for up to 20 Merchants in 2012, eBay Chief Says
PayPal Inc. will roll out mobile payments at the point of sale with as many as 20 retailers next year following a pilot set to start later in 2011, the chief executive of eBay Inc., PayPal’s parent company, said late on Wednesday. Speaking to stock analysts as part of …
Read More »Smart Phones Sell Like Hotcakes, But Mobile Banking Cools off
n That’s the conclusion of a report released this week by Javelin Strategy & Research, Pleasanton, Calif. In it, Javelin analyst Philip J. Blank notes that mobile-banking adoption among smart phone users has leveled off even though consumers continue to snap up the gadgets at a furious rate. A …
Read More »Isis Now Counts Visa, MasterCard, Discover, And AmEx As Network Partners
Rebounding after abandoning plans to build a proprietary merchant network, the Isis mobile-payments joint venture of three leading telecommunications companies on Tuesday said it had enlisted the support of the four major general-purpose card networks in the U.S. The announcement marks an advance by the venture backed by AT&T, …
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