mobile payment

Square reveals new Apple Pay reader to launch this fall

Square reveals new Apple Pay reader to launch this fall

Square has announced its partnership with Apple Pay at the WWDC15. The new Square "Contactless + Chip Reader" will be able to take payments from Apple Pay via NFC and credit cards via its EMV chip reader. Although it can scan EMV chips, the new reader is unable to read magnetic card swipes. To combat this, Square announced that it will be shipping traditional magnetic stripe reader with the new Apple Pay/EMV chip reader, ensuring that merchants can accept a variety of payment methods.

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Samsung’s next smartwatch will have NFC for Samsung Pay

Samsung’s next smartwatch will have NFC for Samsung Pay

According to sources, Samsung's next smartwatch, which may debut in September, will be equipped with an NFC chip. But it won't be for easy pairing with other NFC-bearing devices, at least not just for that. Instead, the NFC will be employed for making mobile payments through Samsung's yet to be launched Samsung Pay. This would put that still to be seen smartwatch closer and, once again, at odds with Apple and its Apple Watch, which uses the very same technology also for making mobile payments via Apple Pay.

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New rules mean Google won’t get Android Pay transaction fees

New rules mean Google won’t get Android Pay transaction fees

Visa and MasterCard, the two largest payment networks, has established a new standard that practically makes mobile payment transactions free of charge. This is a good news, bad news situation for Google, who just launched its Android Pay late last month. On the one hand, it might mean that merchants will be more willing to embrace the new payment system due to the absence of hidden fees. On the other hand, this means that Google won't have one "feature" that Apple Pay has: a cut for every payment transaction made.

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Apple Pay might be UK’s first big mobile payment run

Apple Pay might be UK’s first big mobile payment run

In less than a day, Apple's annual Worldwide Developers Conference or WWDC will commence. Of course, that means there's time for a last minute flood of what may or may not be revealed at the event. This latest one is quite some big news for Apple's fresh new mobile payment system. Sources claim Cupertino is ready to announce that Apple Pay will be landing in the UK this summer. While mobile payment in the US isn't exactly new, this is very big news for those across the pond.

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Samsung Pay won’t be coming until September

Samsung Pay won’t be coming until September

There might be a small hiccup in Samsung's mobile payment plans. Originally intended to launch next month, company EVP Rhee In Jong revealed in an investor call that Samsung Pay will actually launch in September in the US and South Korea. This is to align the inauguration with the announcement of Samsung's next high-end model, the Galaxy Note 5. While that might make sense from a marketing standpoint, it does mean that Samsung will be very late in the mobile payments game against Google and Apple.

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Google Hands Free sounds like Android Pay sans Android

Google Hands Free sounds like Android Pay sans Android

Google has just formally announced Android Pay over at I/O 2015, so imagine our surprise and bewilderment when it rather revealed another wireless payment scheme simply called "Hands Free". While it does sound like something you'd associate with cars, but this mobile payment system is more about keeping your hands free even from your smartphone. With Google Hands Free, all you need is to say is that you'd like to pay with Google and the deed is done. You don't even have to pull out your smartphone.

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Android Pay hands-on: Google wants your money

Android Pay hands-on: Google wants your money

Android Pay is coming, and it's impressively streamlined compared to the overly-complicated and feature-bulging Google Wallet. Officially revealed alongside Android M at Google I/O today, the mobile payments system supports both NFC for dropping virtual cash out in the wild, and in-app integration for retailers wanting to enable easy payments. I grabbed a Nexus 6 and a Nexus 5, both equipped with pre-release versions of Android Pay, to go shopping on Google's dime.

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Mobile Payments heat up: Android Pay coming, Apple Pay growing

Mobile Payments heat up: Android Pay coming, Apple Pay growing

In less than a day, Google I/O will commence, and with it, the expected full announcement of Android Pay. A few weeks after that, Apple is also expected to reveal improvements to its own Apple Pay system. The mobile payment competition is about to get heated and the market even more crowded. But even with two, or three if you count Samsung, industry giants paving the way, analysts foresee substantial bumps in the road for the payment system that is sometimes described as a solution in search of a problem.

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Samsung Wallet folds June 30 for mobile payments reboot

Samsung Wallet folds June 30 for mobile payments reboot

Samsung is preparing to pull the plug on Samsung Wallet, warning users and vendors that the service will be axed ahead of its second attempt at mobile payments. Launched back in 2013, Samsung Wallet was not only to be a digital locker for credit and loyalty cards, but a place to collect coupons and in which vendors could push their brands and products. However, as Samsung Pay arrives, the old Wallet is being ditched.

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