Currently most of us have to inform our bank by phone when we’re travelling to avoid purchases in other countries appearing as red flags for fraud and being declined. That could soon change as Visa looks to track smartphones with a service called Mobile Location Confirmation in order to help their security systems become smarter and reduce declined purchases by as much as 30%. expand full story
credit card ▪ February 12, 2015
credit card ▪ December 16, 2014
Samsung is planning to launch its own mobile payment service next year, in competition to both Google Wallet and Apple Pay, reports Re/code. It suggests that the company is in talks with LoopPay, a startup which describes itself as “the most accepted mobile wallet on the planet.”
The technology would allow people with certain Samsung phones to pay in the vast majority of brick and mortar stores by waving their phones instead of swiping with a credit card or cash […]
The talks between Samsung and LoopPay come as the idea of paying for goods in stores using a phone was rekindled in the U.S. thanks to the launch of Apple Pay.
The plan would allow Samsung’s mobile payment service to work with all cards and all payment terminals right out of the box …
expand full story
credit card ▪ August 13, 2014
Small businesses looking to take occasional card payments without paying monthly fees now have a third option as Amazon has launched Local Register to compete with Square and PayPal Here – as we predicted last month over on 9to5Mac. The $10 card-reader is currently only compatible with the Samsung Galaxy S3, S4 and S5, along with the Kindle Fire HD and HDX tablets, but more devices are expected to be added.
Amazon is undercutting both competitor services with a flat fee of 2.5 percent per transaction (vs 2.7 percent for PayPal Here and 2.75 percent for Square). Not enough? Amazon is sweetening the deal with a special introductory rate of 1.75 percent until the end of 2015, and will also credit the $10 cost of the cardreader in full against transaction fees … expand full story
credit card ▪ January 28, 2013
credit card ▪ November 6, 2012
9to5Google previously detailed a leaked version of Google Wallet that plans to soon introduce a physical Google Wallet card, but a new leak today adds another layer of credibility to the piling speculation.
As noted by TechCrunch, Google let the cat out of the bag again today on its “Eligible Devices” page under the Help section of the Google Wallet website. The page listed all of the Android devices “eligible to download the Google Wallet app for use with the Google Wallet card.”
Last week’s leaked screenshots of the Google Wallet app also called the physical cards “Google Wallet card.” With that said, Google’s Eligible Device page no longer mentions them. It seems Google has promptly corrected its mistake. Hmm.
Check out the updated webpage below.
credit card ▪ October 17, 2012