mobile payments

Samsung and Visa to offer Olympic-themed NFC payment phone in 2012

Samsung and Visa to offer Olympic-themed NFC payment phone in 2012

The buzz around NFC and mobile payments continues to rage, with the latest being a partnership between Samsung and Visa to offer wireless shopping in London in time for the 2012 Olympics. The scheme will use a special "Samsung Olympic and Paralympic Games mobile handset" which - if it's the device in the press shot - looks to be another variant on the Galaxy S, along with a "Visa-enabled SIM card."

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Windows Phone NFC update for mobile payments in 2011 tipped

Windows Phone NFC update for mobile payments in 2011 tipped

Microsoft is the latest company to be linked with a mobile payments strategy, with new reports suggesting that a Windows Phone update potentially arriving later this year could bring NFC shopping support to the platform. According to Bloomberg's sources, Microsoft's intent is to take on Google's fledgeling mobile payments strategy, using its own patent portfolio and the existing expertise of new partner Nokia.

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American Express Serve digital payments service launches with Android/iOS apps

American Express Serve digital payments service launches with Android/iOS apps

American Express wasn't planning to sit around watching rivals like MasterCard ink deals for new electronic payment systems; instead, it has come out with its own system. American Express Serve uses Android and iOS apps to manage a digital account, rather than tying it to a single debit card, allowing for online purchases, bill payments and person-to-person transfers.

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iPhone 5: To Have Or Not To Have NFC Chip?

iPhone 5: To Have Or Not To Have NFC Chip?

The stories are all over the place about whether the future iPhone 5 will have an NFC chip. The latest is brought to us from a tweet by Forbes tech reporter Elizabeth Woyke who says that the next iPhone will have NFC capabilities. NFC stands for Near Field Communication and it allows users to simply wave their phone over sensors to pay for things, and supports more mobile media sharing.

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Verifone adding NFC to all new payment systems

Verifone adding NFC to all new payment systems

Point-of-Sale (POS) hardware specialist Verifone has confirmed it will be integrating NFC support into all of its new terminals, a move that should dramatically speed the adoption of wireless payments. Describing the decision as a reaction to "merchant resistance," CEO Douglas G Bergeron told NFC World that those retailers upgrading their POS hardware will find that they are automatically able to process NFC and contactless payments. However, he also cautions that throwing in an NFC chip won't be sufficient to kill off traditional payment methods.

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Square Dropping Transaction Fees To Ramp Up Volume

Square Dropping Transaction Fees To Ramp Up Volume

As if having an easy and convenient way to take credit card payments on the go for small businesses isn't good enough, it gets even better. Square, the company spearheading the mobile merchant movement, is now dropping its per transaction fee making its rates the lowest in the industry for small merchants who typically do less than $1000 a month in business. This move will cost Square in revenue, but the company believes it should boost their volume.

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Survey shows mobile users are interested in mobile payments despite privacy and security concerns

Survey shows mobile users are interested in mobile payments despite privacy and security concerns

I would bet that the biggest concerns for people that are interested in mobile payments are security and privacy of their mobile payment information. The last thing anyone wants is a mobile solution that is easy to hack allowing their account to be plundered by nefarious types. The results of a new survey conducted by Accenture have been published that looks at what mobile users think about mobile payments and commerce.

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