money

You can no longer use Bitcoin to shop in Microsoft’s Store

You can no longer use Bitcoin to shop in Microsoft’s Store

Even you still believe in Bitcoin, you might be one of the remaining few. Even some of its biggest backers have thrown in the towel. Following this latest trend, Microsoft is also closing the door on it. Unlike the somewhat big announcement it made more than a year ago, Microsoft has rather silently adjusted its pages to let you know that you can no longer do business in the Windows 10 and Windows 10 Mobile stores using Bitcoin. A small but still significant blow to the beleaguered cryptocurrency.

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With Wells Fargo, Samsung Pay now covers 70% of US card market

With Wells Fargo, Samsung Pay now covers 70% of US card market

While Apple Pay still holds majority of the mobile payment market, thanks to the huge clout of Apple's brand, a recent study claims that Samsung Pay is actually gaining ground. This latest news could perhaps help close that gap even more. Samsung has announced that it has closed a deal with Wells Fargo to support Samsung Pay. In effect, Samsung's mobile payment system will be supported by 70 banks and credit card unions across the country, claimed to cover almost three quarters of the US' credit and debit card market.

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MasterCard’s about to roll out selfie and fingerprint payments

MasterCard’s about to roll out selfie and fingerprint payments

MasterCard is about to change the way you authenticate your mobile payments, and it’ll simply require the hardware your phone (probably) already has: a front-facing camera and/or a fingerprint sensor. The company has announced a newly developed mobile technology that, once launched, will allow customers in North America and parts of Europe to authenticate their payments by snapping a selfie or scanning their finger, eliminating the need for PINS, passwords, and other more vulnerable codes.

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Apple Pay leaked to land in China this week, France, Canada soon

Apple Pay leaked to land in China this week, France, Canada soon

While Apple might be biding its time for its own huge March event past MWC 2016, it might not exactly be sitting still as far as expanding its products goes. A trio of leaks and sightings have revealed which countries Apple Pay will be hitting next. Earlier hinted for an "early 2016" launch, it seems that Apple Pay will really be rolling out in China on February 18. And although no date or even month has been given, France and Canada might soon join that so far exclusive list as well.

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Plastic beware: NFC-equipped ATMs coming this year

Plastic beware: NFC-equipped ATMs coming this year

Mobile payment systems, even with giants like Google, Apple, and Samsung behind them, haven't completely taken the country by storm. The inconvenience of whipping out and using your smartphone sometimes outweighs the benefits and security of the new payment method offers. There might, however, be a new use case that could make the benefits outweigh inconvenience: getting money from ATMs. At least three banks, Bank of America, Wells Fargo, and JPMorgan Chase, have more or less confirmed that they will be rolling out later this year machines that can accept wireless, mobile payments like Android Pay or Apple Pay.

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LG Pay White Card leaks with LCD strip, buttons

LG Pay White Card leaks with LCD strip, buttons

When LG revealed that it was indeed preparing a payment system to take on Samsung and Apple, it was said that it would be different. And by different, it apparently meant it would be different from wireless, mobile payment systems and, conversely, similar to physical payment cards. At least to some extent. Leaked photos from a Korean news site revealed what is supposed to be the LG Pay "White Card", a credit card like plastic that can actually contain multiple cards and then be used normally like any other card.

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Samsung adds 50 gift cards to broaden appeal in US

Samsung adds 50 gift cards to broaden appeal in US

The mobile payment wars are definitely on. Although it has actually been in existence for quite a while now, Apple's formal entry into that budding market gave it an air of legitimacy and, to some extent, urgency. Samsung, of course, is trying to leave its mark there as well, especially in the ripe market that is the US. Today, it is again trying to widen the gap with its competitors by announcing the addition of 50 popular merchant gift cards to its Samsung Pay platform.

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Google Wallet will now let you send money via SMS

Google Wallet will now let you send money via SMS

The arrival of Android Pay meant that Google Wallet's existence has become redundant. But rather than retire an already existing, not to mention already used, brand, Google decided to give Wallet a different raison d'etre. It has repurposed it to become a peer to peer money transfer platform, something that, to be honest, could have also been part of Android Pay anyway. Now Google is expanding its capabilities and ease of use even more by allowing people to send money to anyone who has a mobile phone number.

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Chase Pay chases after the mobile payment dream

Chase Pay chases after the mobile payment dream

One of the side effects of making mobile payment more mainstream is that soon there will be too many players in the market than you can count. While there are of course some heavyweights like Apple Pay and Android Pay or even Samsung Pay, there will always be some who want a large share of the pie. Take for example JPMorgan Chase, whose new, somewhat aptly named Chase Pay platform promises that holy grail of mobile payment systems: convenience to customers at now extra cost to merchants.

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Samsung Pay a huge hit in South Korea, still on schedule for US

Samsung Pay a huge hit in South Korea, still on schedule for US

With Apple Pay and the recently launched Android Pay, the mobile payment market is already getting crowded. Come Monday next week, it will we become even more so when Samsung finally launches its delayed Samsung Pay in the US. But in order to boost confidence it what many might think of as "yet another payment system", Samsung is proudly sharing how its service has been a wild success in South Korea, to the tune of about $30 million in total transactions in just the first month alone.

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PayPal.me offers personal URL for collecting quick payments

PayPal.me offers personal URL for collecting quick payments

PayPal has just launched a new feature aiming to both simplify and quicken online payments from person to person. Dubbed PayPal.me, the service provides users with a personalized URL that they can provide to people who need to send them a payment. Both parties still need to have their own PayPal accounts, but those making a payment no longer have to log in, navigate to the payment menu, and enter someone's email address. They can simply visit a PayPal.me link, sign in, choose the amount to pay, and hit send.

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Mt. Gox CEO Mark Karpelès arrested in Japan for alleged fraud

Mt. Gox CEO Mark Karpelès arrested in Japan for alleged fraud

Mt. Gox. That's a name you probably never imagined, or wished, hearing again after all this time. Good thing that this is more about its CEO Mark Karpelès. Sadly, it might actually still be linked with the scandal that rocked the Bitcoin world early last year. In Japan, Karpelès was arrested on the grounds that he allegedly manipulated the company's computer systems to add $1 million to his balance, at a time when Mt. Gox has filed for bankruptcy because of its inability to pay back its customers.

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