mobile payments

Facebook wants you to trust it with your money

Facebook wants you to trust it with your money

Facebook is preparing to challenge PayPal and Google Wallet as an electronic payments service, reportedly expecting imminent regulatory approval that would enable it to operate a money transfer system in Europe. The social networking behemoth is said to be in the midst of approval proceedings from Ireland's central bank that, if secured, would allow it to issue its own currency equivalent that would be valid across European countries.

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Amazon Coins virtual currency spreads to regular Android devices

Amazon Coins virtual currency spreads to regular Android devices

Amazon has opened up its virtual currency, Amazon Coins, for use across all Android devices, having originally limited it to its own Kindle Fire tablets. The digital cash, launched back in May 2013 as a way for Kindle Fire users to buy apps, media content, and in-app purchases, Coins can now be used in the Amazon Appstore in the US, UK, and Germany, hoping that Coins' rewards system will persuade people to skip other payment types.

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Apple iPhone payments system reportedly in works

Apple iPhone payments system reportedly in works

Apple is building a comprehensive mobile payments system that would turn iPhones and iPads into ubiquitous credit card replacements, sources familiar with the scheme claim, taking on Google, PayPal, Square, and others in the process. The rumored system would build on Apple's existing EasyPay option in the Apple Store app for iOS, which allows shoppers to charge products in Apple Stores directly to the payment method associated with their iTunes account, by offering the same functionality to third-party retailers and those offering services within apps.

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Amazon reportedly acquires startup Gopago amidst “ambitious” project

Amazon reportedly acquires startup Gopago amidst “ambitious” project

A couple of Italian newspapers are reporting that Amazon acquired a mobile payment startup, Gopago, something reportedly taking place amidst work on an "ambitious project". What this project is wasn't detailed, but it reportedly is the basis for Amazon's interest in Gopago -- namely, in the startup's technology. Amazon and Gopago haven't announced the business move, but it seems founder Vincenzo Di Nicola has spoken with Italian newspaper Repubblica.

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Square Reader v.2 gets slimmer with boosted swiping

Square Reader v.2 gets slimmer with boosted swiping

Mobile payments provider Square has updated its Square Reader dongle, slimming the card-swipe attachment by 45-percent, and supposedly improving performance to increase the chance of a successful scan first time. The new reader, which will be offered free to businesses using Square to process their credit and debit card transactions, makes use of a custom-designed magnetic stripe reader-head, of Square's own creation rather than an off-the-shelf component.

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