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More Mobile Payments News

Chicago Sun-Times to accept bitcoins

The Chicago Sun-Times is now accepting bitcoins as payment for subscription, becoming the first major U.S. newspaper to take the digital currency.

Isis CTO accuses retailers of turning off NFC and smartcard payment tech

A powerful group of retailers plans to roll out mobile payments in 2014 by scanning barcodes from smartphones, a move that sets up a potential battle with backers of NFC and Google Wallet.

Mastercard, Syniverse protect against card fraud with phone geolocation

Mastercard and roaming infrastructure company Syniverse have come up with a way to protect credit card transactions abroad with help from a phone's location.

Mt. Gox bitcoin price falls below $100

Bitcoin fell below US$100 on major exchange Mt. Gox early Friday, dropping under a key psychological threshold.

Banks push for tokenization standard to secure credit card payments

A group representing 22 of the world's largest banks is pushing for broad adoption in the U.S. of payment card technology called tokenization, citing shortcomings in the planned migration to the Europay MasterCard Visa smartcard standard over the next two years.

Bitcoin Foundation blames Mt. Gox for Bitcoin woes

A problem identified by Mt. Gox as a bug in Bitcoin software is actually a longstanding technical issue Mt. Gox should have prepared for, the Bitcoin Foundation said Monday.

Apple removes Blockchain, last Bitcoin wallet app, from mobile store

Apple on Wednesday removed Blockchain, the last remaining application in its mobile store for transmitting bitcoins, signaling the continuing uncertainty around the virtual currency.

Starbucks hits $1B in mobile payment revenues in 2013, analysis says

Starbucks was able to generate a staggering $1 billion in revenue from smartphone transactions used at sales terminals in its stores in 2013 largely due to the fanatical loyalty of its customers, according to a recent estimate.

Apple plans to add mobile-payments offering

Apple is making internal and external moves to expand its ability to handle mobile payments, stepping more deeply into a market where rivals would include PayPal, Google and niche specialists like Square and Stripe, according to The Wall Street Journal.

Would NFC smartphones have helped at Target?

The data breaches at Target and Neiman Marcus have re-ignited a campaign by retailers to get U.S. consumers to carry "PIN and chip" credit and debit cards instead of less-secure magnetic stripe cards. Lost in the debate are mobile payments using NFC smartphones.

Thieves steal $2 million from gas station ATMs using Bluetooth skimmers

Prosecutors in New York have charged 13 members of a gang accused of stealing $2 million from gas station customers using Bluetooth-enabled skimmers hidden inside pump ATMs.

Meet Coinye West, the Kanye-inspired Bitcoin alternative for normal folk

When Kanye West wrote the lyric, "I'm chilling, trying to stack these millions," he probably did not mean digital currency. But a new technology might give him pause, or at least have him scratching his head.

Could Bitcoin's frothy venture funding dry up?

Bitcoin: What is it, really? A digital currency? An investment? An Xbox game? For many people it's not clear, but that hasn't stopped venture capitalists from going gaga over it.

Proximity tech takes off via Apple's iBeacon and Qualcomm's Gimbal

Qualcomm Monday announced the availability of a far-reaching proximity technology similar to what's already been deployed by Apple and other retailers to reach out to customers at store locations.

Link between 'Satoshi' bitcoin account and Silk Road dissolves

A research paper speculating Bitcoin's creator may have transferred $60,000 to the Silk Road marketplace has been dispelled, as the account holder in question came forward on Tuesday, denying he is the mysterious Satoshi Nakamoto.

Get a free smoothie for an NFC tap

Up to one million Jamba Juice smoothies will go to Isis mobile wallet smartphone users later this year, when Isis takes its NFC-ready technology to the national stage.

With Wallet update, Google promises continued NFC investment

Google on Tuesday announced a new version of its Google Wallet app for Android phones, version 2.3.3 and later, that lets users send money wirelessly, stores loyalty cards and offers a view of all Google Wallet activity

PayPal to offer hands-free payment through smartphone app

In its bid to boost its acceptance in physical retail stores, PayPal has introduced technology that will enable people running its app on smartphones to automatically check in at stores and restaurants.

Facebook to test new mobile payment service

Facebook plans to test a new service designed to streamline the check-out process for people shopping on their mobile devices. It could become a competitor to other e-commerce players like PayPal.

NFC could debut in next iPhone, even as Google pulls back

Mobile payments based on NFC chips inside smartphones have faced slow growth in the U.S., but some analysts predict that the upcoming iPhone 5S expected in September will include NFC technology after years of restraint by Apple.