mobile payments

TGI Friday’s embraces mobile payments

TGI Friday’s embraces mobile payments

The next time you're out enjoying some wings and an over-priced hamburger, don't worry about opening up your wallet. You'll be able to pay your bill with your iPhone or Android phone. That is, if you're lucky enough to be at one of the 350 TGI Friday's locations that offers the new mobile payment technology. The special app for the restaurant is available on the App Store and Google Play.

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Square transactions reach $5 billion per year

Square transactions reach $5 billion per year

If anyone doubted the power of Square, which does one thing and does it well, here's a pretty salient fact for you - the company is processing transactions at a rate of $5 billion per year. Just a month ago, it was boasting of a rate of $4 billion per year. That's a 25% rate of growth in one month, and it's representative of how the market of mobile payments has exploded in the first half of 2012.

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Barclays PayTag slaps an NFC sticker on your cellphone

Barclays PayTag slaps an NFC sticker on your cellphone

Wireless smartphone payments needn't be complicated is the message UK bank Barclays is pushing today, eschewing integrated NFC with PayTag, a contactless payments sticker. Intended to be slapped on the back of your phone, the PayTag is basically the same technology as already in some credit cards, turning any phone - no matter how aged - into a digital wallet.

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eBay quarterly earnings see PayPal exploding

eBay quarterly earnings see PayPal exploding

There's no denying that eBay has been a force to be reckoned with in the online auction space here on the web for quite a few years - and today's earnings report supports that claim with a fury. That fury, on the other hand, is really based quite a bit on the power of PayPal, the online payment system acquired by eBay when it was clear that they were made for one another. As eBay grows, so too does PayPal - but the overall growth of the two looks just a bit sheepish compared to the growth of just PayPal alone.

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Pew Internet study: mobile payments will be ubiquitous in 2020

Pew Internet study: mobile payments will be ubiquitous in 2020

Eight years from now, taking our your wallet at the grocery store may make you look as outdated as the act of pulling out a cell phone and "flipping" it open is today. The majority of Americans believe that the majority of Americans will be fully engulfed in the world of mobile payments by 2020. Yes, it was kind of a circular question, but 65% of people said they believe the majority of Americans will embrace the mobile wallet.

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Facebook’s next app grab is TagTile

Facebook’s next app grab is TagTile

The cash Facebook has on hand isn't nearly ready to run out, this evidenced by the purchase this week of TagTile, a startup dedicated to making mobile payments as easy as possible. This company's purchase comes amid Facebook changing the mobile landscape by picking up Instagram for a whopping 1 billion dollars. Neither Facebook nor TagTile have yet announced the purchase price for the latter company as yet, but in that Facebook today launched their coupon program called Facebook Offers just this morning, we're guessing it wasn't a cheap pick-up (if TagTile was smart, that is.)

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Starbucks mobile payments hit 42 million

Starbucks mobile payments hit 42 million

Anyone who has to question the viability of using a smartphone instead of a credit card to pay at the register need look no further than Starbucks, a company that has already been allowing customers to do just that for more than a year. And in those past 15 months, it has managed to process 42 million mobile payment transactions. Not bad for a little coffeehouse, right?

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Google Wallet co-founder jumps ship to Square

Google Wallet co-founder jumps ship to Square

The man who co-founded the Google Wallet mobile payment platform and was instrumental in setting up the core of its technology has now left Google and will be working for a competing payment platform, Square. Square has gained significant traction for its frictionless credit card reader that lets iPhone owners accept plastic payments anywhere, anytime, and they pay nothing except a small transaction fee for every purchase.

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PayPal launches new tiered structure for business, seamless product integration

PayPal launches new tiered structure for business, seamless product integration

With all the new products and services PayPal has launched over the last several months, the company has now taken the organizational step of making sure all those new platforms are available and easily accessible to users, particularly those in the world of small and medium-sized business. The bottom line is that PayPal will now offer a free level as well as an Advanced tier and a Pro tier.

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