More mobile payment methods and wallets are testing and preparing for commercial launch with mobile joint venture Isis starting trials in two pilot U.S markets, Visa testing NFC (Near Field Communication) payments at the London Olympic Games, and PayPal trialing their mobile payment method with McDonald’s fast food restaurants in France. Read More
Discover Partners with, now Compatible with Google Wallet
Discover Financial Services recently announced their partnership with Google Wallet allowing cardholders to use their Discover cards within the Google Wallet application for Near Field Communication (NFC) payments at the point-of-sale as well as through using Google Wallet online. The key feature of this partnership is that Discover customers can login and save their credit
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Mobile Wallet Providers, Carriers, Issuers and Card Associations Form Mobile Payments Committee
The four major wireless carriers in the U.S. along with financial institutions, card associations and mobile wallet providers have formed and joined the Mobile Payments Committee with the Electronic Transactions Association (ETA). The purpose of the committee is to define best practices for mobile payment solutions while educating legislators, merchants and consumers to foster and
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Sprint Prepares NFC Mobile Wallet and Apple Demos Passbook, Potential Precursor to a Mobile Wallet
It was recently revealed that Sprint is preparing a mobile platform and wallet called Touch Wallet and Apple demoed a new addition to their upcoming iOS 6 called Passbook, which stores gift cards, tickets, coupons and store loyalty cards that can be used and redeemed with merchants via scannable barcodes. Read More
Google Acquires Payment Technology Company to Boost their Mobile Wallet
To complement their payment capabilities and continue to innovate their mobile wallet, Google acquired payments technology company TxVia in early April for an undisclosed price. Read More
Google Wallet Faces Security Concerns
A web security firm recently uncovered and made public the fact that they were able to gain access to the Google Wallet application by decrypting the hashed PIN. Read More
Will Microsoft Make a Mobile Wallet of Their Own?
A patent filed by Microsoft was recently released by the U.S. Patent and Trademark Office detailing a mobile wallet and payment service. Read More
Visa Predicts Half of their Payments in Europe Will be Made via Mobile by 2020
Visa is confident in the future of mobile payments as they are planning to showcase mobile contactless payments at the 2012 Olympic Games in London and they are predicting that half of all Visa Europe payments will be made via a mobile device by 2020. Read More
Windows Phone 8, iPhone 5 Likely to Support NFC
Today only a small selection of mobile devices running the Android operating system are capable of conducting NFC mobile wallet payments, however, rumors have been circulating for months that Apple’s iPhone 5 will include Near Field Communication technology. More recently, and thanks to a leaked video, it has been confirmed that the Windows Phone 8
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Google Wallet Gains Support from Additional Carrier: AT&T
Until just recently Google Wallet could only be used with a NFC-enabled phone offered by a single carrier, Sprint. However, AT&T customers can now also use Google Wallet with select devices, even though AT&T is a founding member of the competing mobile wallet consortium Isis. Read More
