More Mobile Payments News
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.
Bitcoin fell below US$100 on major exchange Mt. Gox early Friday, dropping under a key psychological threshold.
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.
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 on Wednesday removed Blockchain, the last remaining application in its mobile store for transmitting bitcoins, signaling the continuing uncertainty around the virtual currency.
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 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.
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.
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.
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.
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.
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.
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.
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.
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
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 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.
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.
Isis will roll out its mobile wallet application nationwide later this year following successful pilots that launched last fall in Austin, Texas, and Salt Lake City, Utah.
The Bitcoin Foundation is seeking a QA pro and a project manager as it aims to expand its staff to four full-timers.
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