mobile payments

PayPal Here demonstrated for mobile payments

PayPal Here demonstrated for mobile payments

This week the folks at PayPal have revealed a mobile payment project aiming to take on the already popular Square platform, working with a triangular piece of hardware that plugs into your iPhone. This new project is set to be titled "PayPal Here" and will be plugging in to your headphone jacks soon, complete with a "wing" hinge which keeps the hardware steady as you swipe your credit card through. The app that goes with the hardware goes by the name PayPal Here as well, these two pieces of the equation adding up to your ability to take payments from anyone with a credit card anywhere you like.

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Geode turns your iPhone into a virtual wallet

Geode turns your iPhone into a virtual wallet

There's been a lot of talk lately about Near Field Communication (NFC) technology and its ability to turn your phone into a virtual credit card, or potentially even allow you to use other payment providers as through they were a credit card. But the problem is this only applies to you if you have a certain phone (not the iPhone), you bank at certain financial institutions, and you live in certain areas of the country.

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PayPal digital wallet introduced

PayPal digital wallet introduced

PayPal has just lifted off the covers of its new digital wallet platform, which now only aims to further increase its presence in emerging digital payments but also adds some new and interesting features to the market. For example, users can specify various rules for automatically selecting a specific payment method based on purchase price or merchant. It will reportedly replace the existing PayPal.com home page, which hasn't been updated in years.

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PayPal rumored to offer Square-like service

PayPal rumored to offer Square-like service

PayPal has made a lot of advancements in a very short period of time. In just the last several months, the company has launched Near Field Communication (NFC) contactless payment exchange between phones, it enabled users to deposit checks via a mobile app, and it rolled out the ability to pay at the retail point-of-sale at virually all Home Depot locations. Now, it's going to the next step.

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PaymentOne mobile payment service set for huge rebranding

PaymentOne mobile payment service set for huge rebranding

PaymentOne, a company that specializes in the largely untapped market of billing non-mobile charges to a user's mobile phone account, is now PayOne and it plans to aggressively move forward in its endeavors. 2012 will be the year of mobile payment advancement and while PayOne is different than what we've been focused on (namely NFC technology) it fits nicely into that growing trend of using your phone to pay for stuff.

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Green Dot acquires mobile technology company Loopt

Green Dot acquires mobile technology company Loopt

Green Dot, a leader in prepaid debit cards, has acquired Loopt to increase its presence in the mobile sector, a move that symbolizes just how strong the link between banking and mobile has become. Neither company has given an indication of exactly what the new partnership will focus on, but Green Dot says it is necessary to keep up-to-date in the mobile space given all the changes that are underway.

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Isis mobile payment platform is almost ready

Isis mobile payment platform is almost ready

Isis has a booth on display at the SXSW show in Austin, Texas this week. Austin is one of the platform's pilot cities, and will be able to start accepting Isis payments in the summer. The Isis team, which is made up of a joint venture between Verizon, AT&T, and T-Mobile, released a new video to show how the service will work once it goes live.

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Juniper says NFC payments will hit $74 billion by 2015

Juniper says NFC payments will hit $74 billion by 2015

Let's face it. If you've actually paid for somethiing using software and hardware that's built into your phone, you're in the significantly vast minority. That is, at least, assuming you live in the US. But in just a few years, if it's not part of your daily routine you may look as outdated as someone who doesn't have a smartphone today. This trend is going to grow, and it's gonna grow quickly.

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PayPal hits the bar scene

PayPal hits the bar scene

"Hey, bartender; I'll have a Jack and Coke. And put it on my PayPal account." That's the reality of a new partnership between Ebay's digital payment platform and an Austin, Texas-based startup called Tabbedout. The nascent company has a namesake app that allows customers to settle their bar taps from their phone without needing to wait for the waiter or bartender.

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Square iPads optimized for New York cabs unveiled

Square iPads optimized for New York cabs unveiled

Mobile payment pioneer Square has revealed its design for custom-fitted iPads that will sit in the back of New York City cabs to allow for users to pay with credit cards. In addition, the devices are equipped with special software that shows current location information and the current fare amount. It's part of a pilot program to introduce competition for in-taxi credit card payments.

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