mobile payment

Smartphone cash withdrawals set to fight card fraud

Smartphone cash withdrawals set to fight card fraud

Technologies like LoopPay, which tries to combine traditional payment methods or equipment with more current smartphone technology, is inspiring people to take a second look at the whole mobile payment proposal. The next big movement might come from ATM withdrawals. BMO Harris Bank, a unit of Canada's Bank of Montreal, will try to do just that in the US, allowing users to make cash withdrawals without even having to put in a card. All they need is their smartphone and, of course, an app.

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Square Order on mobile is also getting the axe

Square Order on mobile is also getting the axe

It's less than a year old, but Square Order's time in the market will be very short-lived indeed. The service that allowed users to preorder food and drinks from local establishments was launched middle of last year at the same time that Square Wallet was announced to be closed off. It seems like a recurring curse, but now it's Square Order's time to bite the dust as well. On the one hand, it's not surprising given how it failed to take off, but Square isn't exactly backing out of the market just yet.

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Swatch will battle smartwatches with NFC in dumb watches

Swatch will battle smartwatches with NFC in dumb watches

Rather than combat smartwatches head-on, Swatch is aiming at a niche service offered with many platforms. Speaking to media at Swatch’s annual ‘Media Day’, CEO Nick Hayek confirmed the watchmaker had signed deals with three bank card associations to bring NFC to Swatch’s incoming lineup of watches for the purpose of mobile payments. NFC will also make its way to wearables across Swatch’s lineup, from the low-cost plastic variants to their top-end Omega brand. Swatch confirmed China UnionPay as a partner, but refused to name the Swiss bank and credit card company they’d also partnered with.

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Apple cracks 700m iPhone sales

Apple cracks 700m iPhone sales

Apple has sold its 700 millionth iPhone, CEO Tim Cook confirmed during today's press launch for the Apple Watch, making it the top selling smartphone in the world. The new stats came as Cook & Co. built up to detailing pricing and availability for its much-discussed smartwatch, with the Apple chief exec pointing out that the iPhone 6 and iPhone 6 plus together have 99-percent customer satisfaction among users. Meanwhile, a number of Apple services are expanding.

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Softcard closes up shop to prepare for Google assimilation

Softcard closes up shop to prepare for Google assimilation

Customers of Softcard, formerly known as Isis Wallet, just can't catch a break. The mobile payment system changed its name last year in order to avoid being associated with a violent militant group. Now just half a year later, the company is announcing that it is all over, at least as far as the brand and the service itself goes. It's all good news for the company, however, as the reason it is closing isn't because of bankruptcy but because their IP has just been acquired by Google.

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Spot.me Apple Pay to Android app can pose a security risk

Spot.me Apple Pay to Android app can pose a security risk

For all their advertised benefits, these rising mobile payment systems are pretty much walled gardens of their own. But what if you wanted to use that fancy new wireless system to pay, not just a merchant, but a friend? There's a new app on Android that proposes to do just that and it even lets Apple Pay users join the game. But while Spot.me sounds like a really neat and social thing, it might actually be more trouble than it's worth from a security point of view.

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Stratos card wants to outdo Apple, Samsung, Android Pay

Stratos card wants to outdo Apple, Samsung, Android Pay

It seems that interest in mobile and wireless payment systems are experiencing a renaissance now that three tech giants are using their clout to get the message across. But while Apple Pay, Android Pay, and Samsung Pay might have their own separate, sometimes mutually exclusive implementations, they all want the same thing: to eventually replace your wallet. Now a new card is aiming to replace all three as well. Stratos is a new "connected" payment card that is almost as smart as your smartphone.

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PayPal buys Paydiant, aims to challenge Apple, Google & Samsung

PayPal buys Paydiant, aims to challenge Apple, Google & Samsung

Today, PayPal is announcing their acquisition of Paydiant, a startup that produces mobile payment technology found in use with a variety of companies. Capital One and Subway are two notable clients, but one that might be more familiar to tech enthusiasts is CurrentC. Paydiant provides technology to Current C, the product of MCX, which is widely pointed to as the reason Apple Pay hasn’t seen a wider rollout. Terms of PayPal’s deal were not disclosed, but it looks like more than an intellectual property grab.

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Android Pay mobile payments framework gets offical

Android Pay mobile payments framework gets offical

First Apple Pay, then Samsung Pay, and now Android Pay. Google's Sundar Pichai has confirmed a new mobile payments system is in the pipeline, not just an app like Google Wallet, but a full service on which other companies would be free to build their own payments system. It's also being created with more than just NFC in mind, Pichai said, though the near-field technology for "tapping" to pay is likely to be the first way Android Pay payments will be made.

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SlashGear 101: What is Samsung Pay?

SlashGear 101: What is Samsung Pay?

You’ve heard of Apple Pay, you’ve heard of Google Wallet, but now there’s Samsung Pay, the South Korean company’s take on mobile payments. Debuting as a feature update on the new Samsung Galaxy S 6 and Galaxy S 6 edge later in 2015, Samsung Pay’s claim to greatness is that not only does it use NFC for transactions, as per Apple Pay, but that it can emulate a traditional card for use with older cash registers. Confused? Don’t fret; we’ve got you covered after the cut.

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