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Payment

Credit card signature receipt no more

You don’t need to sign your credit card receipt any more

April 2nd, 2018

Most of the slightly surprising news that comes out on April 1st is unsurprisingly fake. But one change went into effect yesterday that is real: You probably don’t have to sign your credit card receipts any more. Starting April 1st, the big four credit card companies — Visa, American Express, Mastercard, and Discover — don’t …

Verizon begins testing new mobile payment solution

February 3rd, 2012

Vantiv, a provider of mobile payment solutions, announced a new point-of-sale product on Friday that it will be rolling out in partnership with Verizon Wireless. The product, which is currently in field testing, includes custom tailored applications and an Android-based point-of-sale solution for accepting payments. The applications will be available in Verizon’s Private Application Store …

Apple could pay Nokia $600M up front, $550M each year in patent settlement

June 14th, 2011

Deutsche Bank analyst Kai Korschelt on Tuesday estimated that Nokia stands to make a pretty penny off of royalty payments from Apple moving forward. Nokia announced early on Tuesday that it had reached an agreement with Apple regarding a series of patent disputes filed by each company over the past few years. Based on recent settlements tied to …

Google to unveil mobile payment service this week, report claims

May 24th, 2011

Sources speaking with Bloomberg claim Google is finally ready to take the wraps off its mobile payment service. According to a new report, Google will host an event on Thursday, May 26th to introduce its new service, which will initially be available only to Sprint subscribers in New York, San Francisco, Los Angeles, Chicago and Washington, …

Deutsche Telekom confirms $6 billion prenuptial agreement with AT&T

May 13th, 2011

It’s more like a pre-prenuptial agreement, but you get the idea. T-Mobile’s parent company, Deutsche Telecom, has confirmed that it stands to receive a $6 billion settlement from AT&T should the companies’ proposed merger fall through. According to DT, a $3 billion cash payment would be made along with additional spectrum and a national roaming agreement. While the …

Amex takes on PayPal with Serve; outs iOS and Android apps

March 28th, 2011

Today American Express introduced its new digital payment system called Serve. Serve works similar to PayPal in that it allows users to create an account that can be used for sending or receiving money. Users can access their accounts from American Express’ Serve iOS and Android applications, via the Web, or through Facebook. Serve has …

Visa announces PayPal-like payment service for U.S. consumers

March 17th, 2011

Credit card giant Visa has announced a new payment service for U.S. consumers set to launch in the second half of 2011. The new offering closely mimics services offered by PayPal, allowing users with a Visa-branded credit, debit, or pre-paid account to transfer money amongst each other. “Consumers in the U.S. will soon be able …

Google to test NFC mobile payment system in New York, San Francisco

March 15th, 2011

Leaving your credit card at the bar may soon be a thing of the past — that is, if you live in San Francisco or New York City. Bloomberg is reporting that Google is planning to trial its new Near Field Communications (NFC) mobile-payment system in both cities. The trial, which could begin in as …