Subscribe to this page now.

Report: Apple could debut payments system, e-wallet with iPhone 6

07/23, 7:00pm

May build on iBeacons, Passbook, Touch ID and partners to create truly seamless, secure system

A new report is claiming that Apple is accelerating its plans for a grand "digital wallet" mobile payments system, which could even be ready to debut in the same time frame as the expected "iPhone 6." The company is said to be in talks with Visa to create a partnership agreement that would allow consumers to pay for goods and services using only their iPhone, leveraging the "secure enclave" portion of the A7 chip and Touch ID to create what would be expected to be a seamless mobile payment system.

more

T-Mobile launches Mobile Money app-managed banking service

01/22, 7:29am

Financial service from T-Mobile minimizes, removes typical banking fees

T-Mobile is attempting to take on the banking industry by launching a personal finance service that allows users to manage their funds via smartphone apps. Working with Bancor, Mobile Money allows users to add funds to a prepaid Visa debit card and perform most of the tasks typically associated with a checking account, though for a large number of every-day actions, there will apparently be no fees charged to customers.

more

Samsung, Visa deal adds payWave mobile payments to phones

02/25, 4:55pm

Future NFC-enabled Samsung devices to have app preloaded

Visa and Samsung has inked a deal that could help speed up the adoption of mobile payments globally. The initiative will see the phone manufacturer preload the Visa payWave applet onto future devices that use NFC technology, as well as helping financial institutions to push payment information to the mobile devices as an over-the-air update, for storage directly on the device.

more

Anonymous hacker guilty of Mastercard, Paypal DDoS attacks

12/07, 1:33pm

British hacker faces 10 years in prison for attacks

A British hacker has been found guilty for his part in a Distributed Denial of Service attack against payment services. Anonymous member Christopher Weatherhead, attacked MasterCard, Visa, and Paypal after they turned away from processing payments for Wikileaks, as well as music industry companies, in attacks costing those involved over $5.6 million.

more

Google Wallet opens to all major credit, debit cards

08/01, 4:45pm

NFC payment system moves to cloud-based storage

Google Wallet has received some major updates today. The mobile payments platform has opened up to accept all credit and debit cards from American Express, Discover, MasterCard, and Visa, with financial data stored in the cloud instead of on the handset itself. Twenty five national US retailers have partnered with Google for the service, and through a partnership with MasterCard PayPass, mobile payments can be performed at over 200,000 retail locations across the country.

more

V.me by Visa digital wallet launches in Europe this fall

04/30, 1:40pm

V.me by Visa coming to the UK, Spain, France

Visa Europe on Monday revealed that its V.me by Visa digital wallet service will launch in the fall in the UK, Spain, and France. At the same time, payments processor WorldPay will be a key development partner of the platform in the UK. More partners, such as banks and retailers, will be named before the autumn.

more

Visa drops Global Payments from cleared processors post-hack

04/02, 7:35pm

No longer certified secure for card transactions

Visa has dropped Global Payments from its registry of approved third-party payment card transaction processors. Visa took the step after it was revealed last Friday that the firm's security had been breached. Personal information for cardholders of nearly 1.5 million Visa and MasterCard cards could be at risk.

more

Credit card payment hack hits 50,000 MasterCard, Visa users

03/30, 3:20pm

Global Payments breached for MasterCard, Visa

Third-party payment card processor Global Payments has had its security compromised, putting nearly 50,000 MasterCard and Visa holders at risk, sources told the Wall Street Journal. The two major credit cards have been alerting their customers and banks that issue their cards regarding this breach, though MasterCard said its own systems remain secure. It has also hired an unnamed independent data security organization to look into the hack.

more

Isis Mobile Wallet finalized, due this summer

02/27, 5:25pm

Chase, Capital One, Barclaycard first companies

Isis, the mobile commerce venture between AT&T, T-Mobile, and Verizon have finalized their wireless payment standard for mobile devices, calling it Isis Mobile Wallet. It's due to launch this summer, with Chase, Capital One, and Barclaycard being the first banks to sign up and have their credit, debit, and prepaid cards be compatible with the system. The first merchants to support the system will be located in Salt Lake City and Austin, Texas. Like Google Wallet, its major competitor, Isis Mobile Wallet let users securely pay for goods and merchandise with their handsets.

more

Visa labels digital wallet "V.me," plans dev program

11/15, 11:15pm

V.me aims for app, website integration

Visa has reportedly chosen the label V.me to represent its upcoming digital wallet service, which will be paired with a developer program. The service aims to compete with PayPal and other alternatives, providing users with a quick way to make web-based payments without typing in a full credit-card number.

more

Square readers hit Best Buy, Radio Shack, Target, Walmart

10/24, 12:50pm

Square readers spread to most major US shops

Square significantly widened the reach of its mobile payment reader hardware on Monday with a retail expansion. The device was already available at Apple stores but is now available at Best Buy, Radio Shack, and Target. The reach gives it 9,000 potential places to buy the iOS- and Android-ready add-on, which normally costs $10 and should give users an equal amount of initial credit in payments.

more

More light sheds on Samsung 2012 Olympics phone with NFC

10/06, 6:00pm

Will offer special phone with NFC for London event

It has been confirmed that Samsung will follow the tradition it started with the 2008 Beijing Olympics and offer a special edition phone to commemorate the upcoming 2012 games in London. The confirmation came, not from Samsung, but from Visa, an official sponsor and sole credit card processor for the London event. Visa is trying to make the games a "contactless" experience for its attendees.

more

Google Wallet goes live, opens to other credit cards

09/19, 4:45pm

Google Wallet now live with more cards, one phone

As hinted earlier, Google Wallet on Monday went active for real users. The service in starting off will still work on just Citi MasterCards and the virtual Google Prepaid Card, but is now opening to rival cards. American Express, Discover, and Visa are all making their NFC specs available to let banks add the cards to the mobile payment system.

more

Visa to step up plans for payments with NFC phones

08/09, 4:10pm

Visa fast tracks NFC mobile wallets

Visa on Tuesday said it would ramp up its NFC mobile payment plans. Its support for the short-range credit card payments would now include dual-mode chips that can support Europay along with domestic standards. The hardware would also bring in dynamic authentication that would introduce very specific values for each deal: even a replica card or fake data on a phone wouldn't work because it would produce different values each time.

more

Isis gets major credit cards for NFC mobile payments

07/19, 3:05pm

Isis lands four major credit card firms

Isis on Tuesday said it had landed the top four credit card companies in the US for its mobile payment plans. American Express, Discover, MasterCard, and Visa have all agreed to handle payments from NFC-based phones when the service goes live in the first six months of 2012. The approach may give it at least a temporary edge over Google Wallet, which is so far limited to MasterCard.

more

VeriFone offers Square clone for Android, iPad despite feud

06/30, 12:10am

VeriFone PayWare for Tablets chases Square

VeriFone partly bowed to pressure on Wednesday with the introduction of PayWare Mobile Enterprise for Tablets. The option will give iPads, as well as Android 3 tablets, a hardware card reader and app combination that can serve as a store checkout much like Square's eponymous readers. The VeriFone option claims an edge with PIN-based debit cards and support for NFC devices that can tap to make a payment, such as a Nexus S 4G using Google Wallet.

more

Square teases something 'in the cards' for May 23

05/17, 3:45pm

Square plans event for May 23

Square on Tuesday gave out invitations to its first real special event. A gathering at the company's San Francisco headquarters on May 23 at 10AM local time will provide "exciting news." Few clues were given out beyond the media being asked to "see what's in the cards."

more

US sues VeriFone to block buyout of rival Hypercom

05/12, 6:55pm

Justice fears competition in POS market at risk

The US Department of Justice has filed a lawsuit seeking to block Verifone from gobbling up rival point-of-sale (POS) credit card information equipment vendor Hypercom. According to DOJ, the market is very concentrated. Verifone holds a 48 percent share of the US market, Hypercom, a 18 percent share, and French-based Ingenico 26 percent. Verifone had planned to sell off Hypercom's US operation to Ingenico, hoping that would pave the way for Governmental approval. However, the Justice department saw things differently.

more

Visa plans NFC mobile wallet for the fall

05/11, 10:20am

Visa mobile payments plans detailed

Visa as it promised last week provided early details of a new mobile payment system. The company is creating a mobile wallet that would use NFC wireless along with the credit card firm's payWave app for buying items in stores and online as well as payments between device owners. Several institutions are already onboard and include Barclaycard US, the Pentagon Federal Credit Union, and US Bank among others in the US as well as most major Canadian banks.

more

Visa to detail mobile payment plans next week

05/06, 6:05pm

Alludes to announcement in 2nd Qtr earnings call

Visa’s executive chairman and CEO has revealed that the company will be describing more about its mobile payments strategy in the coming weeks. In yesterday's second-quarter earnings call, the Visa executive indicated that the financial services company could be issuing an announcement as soon as next week.

more

Isis scales back NFC payment plans

05/04, 3:00pm

Isis members make NFC payment plan less advanced

Isis, the coalition of US wireless carriers AT&T, Verizon and T-Mobile to bring NFC payments on handsets to the masses, will not go forward as planned earlier, according to reports on Wednesday. While trials were due to start early in 2012, the three carriers have now purportedly agreed to change their approach and make it less advanced. Instead, they will create a "mobile wallet" that will link users' existing Visa, MasterCard or other major credit cards to the account, though this is not official yet.

more

Square preps payment reader with encryption

04/29, 9:20am

Square reader to get encryption support

Square has quietly confirmed that a new version of its reader was coming with built-in encryption. The iOS and Android device will now have safeguards even during the swipe itself. COO Keith Rabois said the goal was to meet Visa's best practices for mobile apps, including encryption across the entire process.

more

Visa invests in Square, snubs VeriFone

04/27, 5:15pm

Visa invests in Square to spur mobile payments

Visa in a symbolic step said it had invested in Square. The undisclosed amount will be accompanied by a Visa executive sitting on the company's advisory board. Visa representative Ryan Donovan explained the decision to the New York Times as a way of spurring credit card use by getting it to businesses that wanted to, but couldn't, take payments due to the location or cost.

more

Samsung, Visa partner for NFC payments at London 2012

04/01, 5:40pm

Olympic games to be used as NFC payment showcase

Samsung and Visa have announced a partnership to deliver NFC mobile phone payments for the London 2012 Olympics. The partnership will deliver a special Olympic and Paralympic games handset for sponsored athletes to take advantage of Visa’s contactless payment system. The phone will carry a Visa-enabled SIM card to work with the system that has already been deployed in 60,000 locations throughout London.

more

Skype's Windows app to get ads

03/07, 12:30pm

Skype to bring first ads to Windows app

Skype, the VoIP and video calling service, has announced on Monday that it will for the first bring advertising to its Windows program. The first markets to do so include the US, the UK and Germany, with early spots coming from Groupon, Nokia, Universal Pictures, and Visa. These companies will advertise daily, and users will have the option to get in touch with the ad producer through a Click & Call button.

more

Visa tests iPhone payment system in Europe

02/01, 12:55am

Tech currently centers around add-on dongle

Visa has reportedly started testing a trial deployment of its iPhone-based payment system for a limited number of customers residing in Europe. A NearField Communications World survey conducted by Visa Europe in the UK, Italy, Poland and Turkey suggests 87 percent of iPhone users would consider making mobile payments from the iPhone via an attached accessory.

more

Patent troll suing sites for rollover web images

10/15, 3:55pm

Webvention asking $80K for web patent license

A new company is sending out letters claiming that websites that use rollover images and pulldown menu are infringing on its licenses. What seems to be a patent troll, Webvention, is asking for a one-time license fee of $80,000 in what's billed as a temporary campaign, Ars Technica reported. Failure to comply would result in getting dragged into a lawsuit, as Novartis has recently for its webpage.

more

Bank of America, Visa team on smartphone payments

08/20, 12:20pm

Trial to begin next month

Bank of America and Visa have announced a joint plan to trial a smartphone payment system to make purchases in the New York area starting next month. While this technology has been used for some time in countries such as Japan, it would be the first time that this technology has been implemented in the US on this basis. The system like others would rely on small NFC (near field communications) chips in smartphones.

more

AT&T, Verizon choose cities to test phone payment system

08/06, 2:10pm

Verizon, AT&T pick where to test phone payments

The planned smartphone payment system being developed by AT&T, Verizon and T-Mobile in the US will soon begin field tests, according to unofficial reports. BusinessWeek says AT&T and Verizon, along with minority partner T-Mobile, are said to be testing the system in Austin, Minneapolis and Salt Lake City. The project is code-named Mercury, with a pilot due to start in the middle of 2011.

more

AT&T, T-Mobile, Verizon prep smartphone credit/debit payment

08/02, 7:55am

US carriers to use NFC on phones for payment

Three of the larger US carriers are developing a smartphone-based alternative to a traditional credit or debit payment, sources claimed on Monday. AT&T, T-Mobile and Verizon are developing a Near Field Communication system like Japan's FeliCa. Buyers would swipe a phone with an NFC chip near a reader to pay for goods at stores rather than use a card.

more

Visa slips plans for wireless payments via iPhone cases

05/06, 1:20pm

Upgraded teminals to be required

Visa will soon allow iPhone owners to make wireless credit card payments at special terminals, a quickly-pulled press release suggests. The concept involves customized payment software called Visa payWave, which will come pre-installed on a memory card. Because the iPhone lacks an external memory slot of its own, the card will require an iPhone to have a new protective case, already said to be Apple-certified.

more

Nokia ships 5800 Navigation Edition to US

12/08, 4:35pm

Nokia 5800 Navigation Edition now in the US

Nokia has began shipping its 5800 Navigation Edition handset in the US, after introducing it earlier this summer. The touchscreen device includes lifetime voice-guided navigation information for all of North America and ships with a car mount kit. Ovi Maps provides the guidance and also offers navigation help for pedestrians.

more

Google, Apple to enter Dow Jones index?

03/10, 5:15pm

Google, Cisco to Dow Index

Google and Cisco are among the top companies being considered to be entered into the Dow Jones industrial average index, bumping GM and Citigroup, whose shares have recently dipped below $2 and threatened their status as blue chip stocks, or sure things in the investment world, says a Monday report. They are not alone, however, as Apple, US Steel, Goldman Sachs, Visa, Aflac and Northern Trust are other candidates, as chosen by Reuters. Likewise, analysts believe Citigroup and GM are just the most likely companies to be replaced from the Dow index. Four other stocks listed on the Dow have fallen to below $10.

more

ARM, Huawei, Visa, nine others set to join Symbian

10/21, 4:30pm

Symbian Foundation grows

The list of supporters for the Symbian Foundation is set to grow yet again, with credit card company Visa, British chip designer ARM, Chinese technology group Huawei and nine other, unnamed companies planning on joining the group to get access to its software, according to a Tuesday Reuters report. The Symbian Foundation, a not-for-profit group started by cellphone maker Nokia to promote the Symbian operating system for mobile devices, is growing and includes all the major mobile phone makers, giving it an edge over rival Google and its upcoming Android operating system.

more

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    Plantronics Rig Surround 7.1 headset

    Trying to capture the true soundscape of video games can be a daunting task. Looking to surround sound home theater options, users hav ...

    Kenu Airframe +

    Simple, stylish and effective, the Kenu Aiframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this ye ...

    Adesso Compagno X Bluetooth keyboard

    The shift from typing on physical keyboards to digital versions on smartphones and tablets hasn't been an easy for many consumers. Fro ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News