Google may share Google Wallet revenue with carriers to spur adoption

By on March 21, 2012 at 4:00 PM.

Google may share Google Wallet revenue with carriers to spur adoption

Google’s mobile payment service has gotten a fair amount of attention from the media, but user and partner adoption has been slow since the service was unveiled nearly a year ago. Google Wallet is the Internet giant’s eWallet offering, which incorporates NFC technology and allows users to pay for purchases using their Android smartphones rather than physical credit cards. According to Bloomberg, Google is now rethinking its service in an effort to bolster adoption. Citing multiple unnamed sources, the site claims Google is currently weighing the possibility of implementing a revenue-sharing model that would give wireless carriers like Verizon Wireless and AT&T a cut of Google’s fees when subscribers make purchases using their Google Wallet-enabled devices. “They are in a bit of a re-evaluation pattern right now,” Aite Group analyst Rick Oglesby told Bloomberg. “It’s going much slower than anticipated.” More →

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PayPal announces ‘PayPal Here’ iPhone payment system to compete with Square

By on March 15, 2012 at 9:55 PM.

PayPal announces ‘PayPal Here’ iPhone payment system to compete with Square

PayPal on Thursday unveiled “PayPal Here,” a small accessory similar to the solution offered by Square, that can be used to accept credit card payments on an iPhone. The reader is a large blue triangle that connects to the top of an iPhone through the headphone jack. With the help of the “PayPal Here” iOS app, a merchant can input a sum and have a consumer swipe his or her credit or debit card to make payments. PayPal’s app also features a “Scan Card” feature, which uses the iPhone’s camera to record a credit card number or even a check. The app can track invoices and cash payments, and be used with checks, credit cards and debit cards. PayPal Here comes on the heels of the company’s unveiling of an upcoming digital wallet service that looks to compete with Google Wallet. More →

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PayPal’s Google Wallet competitor shown off at SXSW [video]

By on March 14, 2012 at 8:25 AM.

PayPal’s Google Wallet competitor shown off at SXSW [video]

During the annual South by Southwest conference in Austin, Texas on Tuesday, PayPal finally showed off its upcoming digital wallet product that will compete with the likes of Google Wallet and other digital payment platforms. The EBay-run eBay Ink blog also posted a pair of videos on Tuesday in which PayPal vice president of global product and experience Sam Shrauger walks us through a number of the new eWallet product’s capabilities. PayPal’s digital wallet has a simple desktop interface and of course it features mobile compatibility and a number of now-common features, but there are also a few intriguing features that aren’t common among rival offerings. One such feature allows the user to pay for something with PayPal’s digital wallet while on the go, and then log in to his or her account at a later time and choose which credit card or bank account should supply the funds for the purchase. This feature and more are explained in a pair of videos from eBay and PayPal, which follow below. More →

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Apple awarded major ‘iWallet’ patent for future NFC-enabled iPhone

By on March 6, 2012 at 5:35 PM.

Apple awarded major ‘iWallet’ patent for future NFC-enabled iPhone

Apple on Tuesday was granted a significant patent by the United States Trademark & Patent Office, Patently Apple reported. The technology, which is supported by 23 Patent Claims, allows credit card companies to send statements directly to a user’s iTunes account for purchases made using an NFC-enabled iPhone. Account holders will also be able to allow a secondary account holder, such as a child, to make purchases on the same card while allowing the primary account holder to control spending and implement various limits. Even though NFC technology has been featured in a number of Android devices, some believe that the technology won’t go mainstream in a number of markets until an iPhone is equipped with a mobile payment solution. More →

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Sprint to launch 10 handsets with Google Wallet support in 2012

By on March 2, 2012 at 9:30 PM.

Sprint to launch 10 handsets with Google Wallet support in 2012

Google announced at the Mobile Money: Delivering Innovative Mobile Payment Services panel during Mobile World Congress that Sprint will introduce “at least 10 additional phones” with Google Wallet support in 2012, Fierce Mobile Content reported on Thursday. The Samsung Nexus S 4G is the only smartphone currently offered by the carrier that supports Google’s NFC mobile payment system. Both the Galaxy Nexus and the LG Viper will launch with Wallet support later this year, however, and Osama Bedier, vice president of Google Wallet and Payments, said Google is continuing talks with other carriers, device manufacturers, banks, financial service providers and point-of-sale technology vendors to further extend the company’s Wallet network. More →

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Visa announces new mobile payment solution

By on February 27, 2012 at 10:45 PM.

Visa announces new mobile payment solution

Visa on Monday announced a “one-stop” mobile payment solution that looks to compete directly with Google Wallet and the carrier-backed ISIS payment system. After a consumer purchases a “Visa-certified” NFC-equipped smartphone, he or she can contact the company and activate the handset for mobile payments. The device will be securely linked with a user’s bank account and can then be used to make mobile payments anywhere Visa’s payWave system is accepted. “In the same way we have enabled the secure provisioning of payment cards for decades, we are now using mobile technology to securely provision mobile payment accounts over the air,” Visa’s Head of Mobile Products Bill Gajda said. “Financial institutions, mobile network operators, and even transit operators now have a simple, secure process to activate payment applications at scale and make mobile payments part of everyday life for consumers around the world.” The company announced that Intel Atom-powered smartphones and tablets will be the first Visa-certified devices to allow mobile subscribers to securely make NFC purchases. Read on for the company’s press release. More →

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Google Wallet competitor ISIS finally announces launch details

By on February 27, 2012 at 3:45 PM.

Google Wallet competitor ISIS finally announces launch details

Mobile payment joint venture ISIS, a partnership between Verizon Wireless, AT&T and T-Mobile, on Monday announced launch partners and availability. The service will become available in mid-2012 starting with locations across Salt Lake City, Utah and Austin, Texas. Chase, Capital One and Barclaycard have entered into agreements to offer credit, debit and prepaid cards alongside the service. “Today’s announcement is testament to the vision and commitment of Chase, Capital One and Barclaycard to make mobile commerce a real and positive experience for their customers,” said Michael Abbott, CEO of ISIS. “Mobile commerce is more than a new way to pay; it’s about extending the relationships consumers enjoy with their banks and merchants into a powerful and convenient new form factor.” Read on for the company’s press release. More →

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Google Wallet prepaid service re-enabled after security fix

By on February 15, 2012 at 9:45 PM.

Google Wallet prepaid service re-enabled after security fix

Last week, two exploits concerning Google Wallet left users questioning the service’s security. One of the exploits allowed hackers to bypass PIN protection, but it was only present on rooted devices. A second exploit, however, did not require a handset to be rooted, leaving all Google Wallet users exposed. The company maintained that the service was secure but as a precautionary measure it disabled its prepaid card services, but Google announced on Tuesday that it has patched Wallet and has fixed the vulnerability. Security firm zVelo, however, is not satisfied with Google’s efforts. While the Mountain View-based company has suggested that users with rooted handsets don’t use Google Wallet, zVelo insists that a person can steal an Android phone and then root, thus performing the exploit to bypass the PIN. As an extra layer of security, it is recommended that users configure a passcode to protect their devices from unwanted access. More →

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Apple taking NFC payments mainstream with iPhone 5

By on January 31, 2012 at 11:40 AM.

Apple taking NFC payments mainstream with iPhone 5

Ed McLaughlin, MasterCard’s head of emerging payments, sat down with Austin Carr of Fast Company to discuss the future of credit cards. “We’re rapidly moving to a world beyond plastic,” said McLaughlin. “In many ways, plastic is just convenient packaging.” The future of on-the-go payments may lie in the hands of near-field communication but unfortunately, adoption and availability have been extremely slow and limited. While NFC technology has been featured in a number of Android devices, MasterCard seems to think it won’t go mainstream until an iPhone is equipped with the mobile payment solution. Read on for more. More →

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Office Depot now testing PayPal’s new point-of-sale system

By on January 23, 2012 at 7:00 PM.

Office Depot now testing PayPal’s new point-of-sale system

Office Depot, the second-largest retailer of office supplies in the U.S., is testing PayPal’s new point-of-sale system in a limited number of locations according to Reuters. “It’s at this point in a small number of stores … because there are still some rough spots in that experience,” said Kevin Peters, president of Office Depot’s North American unit. “There are some limitations on who can use it, service carriers that support that.” PayPal’s new payment method, known as the wallet in the cloud, lets shoppers who have PayPal accounts pay by typing their mobile numbers and PINs at checkout counters. Customers will also be able to pay by swiping a PayPal card and entering a PIN. PayPal started testing in-store payments at 51 Home Depot locations with plans to offer the service at 20 major retailers by the end of the year, however no additional participants have been named. Peters said the company is eager to experiment with anything that helps with faster checkouts, although nothing will be widely available without further testing. “At this point, we are walking very, very slowly. The last thing we want to do is to roll out technology that doesn’t appreciably change the customer experience,” he said. More →

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Visa ramping up move to mobile payments

By on August 10, 2011 at 5:09 AM.

Visa ramping up move to mobile payments

Visa is accelerating its efforts to dominate the mobile payment space, Reuters reported on Monday. Visa is no stranger to mobile payments. It began trialing an iPhone NFC payment solution in Europe early this year, has plans to work with Samsung on a system for the 2012 Olympics, and recently announced that it has partnered with ISIS for the development of a mobile payment network in the United States. “As mobile payments and other chip-based emerging technologies are poised to take off in the coming years, we are taking steps today to create a commercial framework that will support growth opportunities,” Visa’s global head of product Jim McCarty told Reuters. More →

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Mobile payments could balloon 76% to $86 billion this year, Gartner says

By on July 23, 2011 at 7:00 AM.

Mobile payments could balloon 76% to $86 billion this year, Gartner says

141.1 million people around the world will make mobile payments this year, a 38.2% increase from last year, Gartner said in a new report issued on Friday. Global mobile payment volume is expected to hit $86.1 billion in 2011, up 75.9% from the $48.9 billion recorded last year. Gartner says mobile payments are not growing as fast as originally projected due to slower than expected uptake in developing countries. In addition, the “complexity of the [NFC]” service model has impeded its ability to takeoff in developed countries. “The biggest hurdle is the need to change user behavior by convincing consumers to pay with mobile phones instead of cash and cards,” Gartner research director Sandy Shen said, noting that mass market adoption of near-field communications (NFC) is at least four years away. Mobile payments will be driven by prepaid top-ups and money transfers, the research firm said. “Thanks to the success of mobile application stores, such as Apple’s App Store, and the efforts in driving mobile sales by major retailers, such as Amazon and eBay, merchandise purchases far outweigh other use cases in developed markets, which include North America and Western Europe,” Shen said. “We predict that in 2011, merchandise purchases will account for 90 percent and 77 percent of all transactions in North America and Western Europe, respectively.” Read on for the full press release. More →

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BGR Interview: MasterCard SVP of Mobile, James Anderson

By on July 21, 2011 at 12:00 PM.

BGR Interview: MasterCard SVP of Mobile, James Anderson

MasterCard announced earlier this week that it would partner with with ISIS to help foster the growth of NFC-based mobile payment solutions in the U.S. ISIS, formed in November last year by Verizon Wireless, AT&T and T-Mobile, intends to deliver a complete mobile wallet solution that ambitiously aims to replace cash, credit cards, debit cards, coupons and more with one comprehensive mobile solution. So we know about ISIS and now we know MasterCard is on board, but MasterCard is hardly a newcomer in the contactless payments space. BGR recently had a chat with MasterCard’s Senior Vice President of Mobile, James Anderson, to discuss the past, present and future of mobile payments here in the U.S. Of course NFC-based contactless payment solutions are at the forefront of discussions surrounding the mobile payment space right now, and who better to discuss NFC with than the man recently named Vice Chairman of the NFC Forum? Our full Q&A with Anderson can be found below.

BGR Interview is a series of interviews and conversations with executives, influencers, tastemakers and innovators, covering the mobile and consumer electronics industries. More →

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