Google on Monday announced a two-pronged thrust to beef up its efforts in the mobile wallet arena. It has struck agreements with Verizon Wireless, AT&T Mobility and T-Mobile to preinstall the Google Wallet app, including its tap-and-pay functionality, on Android phones the carriers will offer la...
Samsung has purchased mobile payments firm LoopPay to create its own digital wallet. Samsung already was an investor in the startup, along with Visa and Synchrony Financial. LoopPay's contactless magnetic secure transmission technology works with magnetic stripe readers. "The one major advantage L...
The Google-supported FIDO Alliance this week achieved a key milestone in its mission to end the use of passwords by releasing version 1.0 of its namesake open standard. "Today, we celebrate an achievement that will define the point at which the old world order of passwords and PINs started to wither...
Apple's unveiling last week of its Apple Pay NFC mobile payments system has triggered a clash between banks and the retail industry. Apple has lined up support from banks and credit card companies, but Best Buy and Walmart have said they will not support Apple Pay, according to reports. Instead, the...
Google on Wednesday introduced the Google Wallet Card, a debit card that gives people instant access to the funds they have stored in Google Wallet. The card works like a traditional debit card, so users can swipe it to pay at a restaurant or store, for instance, or use it to get money from an ATM.
Much the way PayPal is working to extend its reach into the bricks-and-mortar world, so Amazon.com is looking farther afield across the rest of the Web. The online purveyor this week launched Login and Pay with Amazon, a new program that allows online businesses to set up login and payment credentia...
For many Western companies, a lack of confidence and basic local knowledge is stifling opportunity for international expansion. There are two key markets that I consider to be low-hanging fruit for U.S. merchants: Russia and China. First, develop a simple strategy for processing international paymen...
Samsung opened up its new Wallet app at the Mobile World Congress in Barcelona Wednesday, joining Apple and Google in the market for electronic storage and scanning of tickets, memberships and discounts via smartphones. The company's announcement comes two days after it said it had entered a worldwi...
The current winter of discontent in the U.S. Congress over federal finances does not bode well for cooperation in other areas. Yet legislators push on, and among top Congressional priorities for 2013 is the enactment of legislation regarding the role of the federal government in dealing with nationa...
Groupon is entering the mobile payments space with its own offering, Groupon Payments. The service, which facilitates credit card transactions, is available to any small business in the U.S.; however, it's offered to Groupon merchants at cheaper rates. Groupon is positioning the service as easier an...
A group of major retailers in the United States on Wednesday announced a new mobile commerce platform, Merchant Customer Exchange. Members include 7-Eleven, Best Buy, Lowe's, Sears Holdings, Target, Walmart, Shell Oil and Sunoco. The group will announce more members over time. MCX is still searching...
The mobile payment system Google Wallet now works with all major credit cards and will begin transitioning to a cloud-based model. The service allows users to tap their smartphones to pay at a retail checkout location, rather than having to swipe a credit card or shell out cash. It uses near-field c...
Sprint, a carrier that offers at least five smartphones preloaded with Google Wallet, is reportedly working on its own digital wallet system, separate from Google's offering. Slides from a presentation on the so-called Touch wallet were recently posted by Android Central. Like Google Wallet, the Spr...
Visa has dropped Global Payments from the list of companies that it deems compliant with its security policies following news that the third-party vendor experienced a security breach that could have compromised some 1.5 million Visa and MasterCard accounts. The breach first came to light at the end...
Online retailers considering selling their goods overseas need to know the expectations of consumers in the countries in which they want to do business. This is particularly important at the checkout -- with payment methods becoming an increasingly sensitive issue, consumer trust will help determin...
Accessibility of service
Convenience in any situation
Cost-effectiveness
Eco-friendliness
No need for parking
Safe ride when having too much fun
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