It seems almost ridiculous that people have to pay others just to use their own money, but that is how the world currently turns. T-Mobile, however, is of a different opinion and is introducing Mobile Money as a way to keep those check cashers, payday lenders and withdrawal fees at bay.
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.
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.
Square, the service that lets individuals and retailers accept credit card payments on your mobile device with a branded card reader, is set to make an announcement tomorrow (Monday, Dec. 9), but we don't yet have a solid idea of what it might entail. There are guesses, mind you -- as there always are. The mysterious tease photo came by way of Vine today.
There's a few more pointed features appearing in the digital credit card known as Coin this week, these being shown in conjunction with a note that their initial crowd-funding goal had been met in just 40 minutes, right out the gate. Coin suggests that their funding campaign began at a cool $50,000 and was met in just under 40 minutes, making this campaign one well on its way to crowd-funding history - we'll see at the end of the funding timeframe, of course.
Coming off a rather long testing phase, Isis Mobile Wallet has launched nationwide today. The digital wallet service is arriving with support from three of the big four US carriers and basically means users will be able to make mobile payments with their NFC-equipped smartphone. The catch of course, having a supported device and finding a location that will accept mobile payments.
T-Mobile increased its customer base in Q3 2013 by more than 1 million, the company announced in its earnings call. This marks the second consecutive quarter in which the mobile carrier has led the industry in customer acquisition. It sold 5.6 million smartphones in the quarter, 15% of which were iPhone sales, and smartphones made up 88% of the company's device sales revenue.
Google is demoting commercial mug shot websites in search results, the New York Times reports, and MasterCard, PayPal, American Express, Discover and Visa have all stated they are in the process of terminating payment services to the owners of such sites. This mass revolt started when influential reporter David Segal called the search engine and the payment companies with a few simple questions last week. Their spectacularly unified response could drive the 80-plus pay-to-remove mug shot publishing operations into relative obscurity—much to the relief of the millions of people who have ever been arrested but not convicted of any crime.
Google Wallet has finally launched for iOS, though since Apple's iPhone and iPad lack NFC the app focuses on sending mobile payments rather than in-store use. While on Android the focus of Google Wallet has been to turn smartphones into tap-to-pay credit cards, Apple's continued avoidance of NFC has forced a less revolutionary approach on iOS: the app effectively works as a place to corral loyalty cards and payment details, as well as to send money digitally.
PayPal has launched Beacon, a new mobile payment dongle using Bluetooth LE for hands-free transactions, and with installation as easy as plugging in a wall-wart. PayPal Beacon hooks up via Bluetooth Low Energy to the PayPal app on their smartphone, automatically letting them check-in - with a quick vibration to show that it's happened - and then allowing for a final check-out without needing to touch the device at all.