wallet

IBM partners with Honeywell to create mobile shopping app

IBM is introducing its own in-store shopping companion app.

Dubbed the "digital shopping assistant," this mobile app allows consumers to scan items they want to purchase at retail stores with their smartphone and then use an IBM self-checkout station to pay.

"Retailers can now deliver a more personalized shopping experience that is less of a chore and more of a convenience for consumers," IBM Retail Store Solutions vice president John Gaydac said in a statement. "By enabling consumers to scan and check-out a wide variety of products at their own pace, retailers can not only … Read more

Google Wallet: What can you buy with it now?

So it's been a year since Google unveiled its Google Wallet mobile payment app for Android smartphones. Just like many folks, I wanted to find out if there's anything worth purchasing with the high-tech service and if it's easier to use than traditional plastic. … Read more

Is NFC killing Google Wallet?

Google Wallet is turning one, but the application that was supposed to transform the smartphone into a wallet and revolutionize how consumers pay for things has barely gotten off the ground.

Why? The reason may be that Google has bet on the wrong technology: NFC.

A year ago, Google execs, along with its partners MasterCard, Citibank, and Sprint, took the stage in New York City to show off the future of payments. No longer would people have to overload their wallets with cards and receipts. Google's plan was to virtualize it all.

Through an application for its Android smartphones, … Read more

PayPal adds 15 new retailers to its brick-and-mortar roster

PayPal announced today it is partnering with 15 more U.S. retailers aiming to get shoppers to use PayPal's offline payment system.

"Consumers are relying on technology now more than ever to simplify their lives when it comes to shopping and paying, and retailers must adapt to this shift or risk becoming irrelevant," PayPal President David Marcus wrote in a blog post. "Innovative retailers everywhere are looking for ways to improve the shopping experience, extend loyalty programs and better engage with their customers."

The new retailers include, Abercrombie & Fitch, Advance Auto Parts, Aeropostale, American … Read more

LG Optimus Elite gains access to Google Wallet

Starting today, Virgin Mobile customers who will purchase their LG Optimus Elite between now and July 18 on a Virgin Mobile Beyond Talk account will be able to activate Google Wallet.

Users must sign up for Google Wallet within seven days of purchasing their Elite. Customers will also get a Google prepaid card with $25 worth of credit included.

The Elite is Virgin Mobile's first smartphone to be equipped with NFC, or near field communication, which allows services like Google Wallet to communicate wirelessly with other NFC-enabled products within short distances.

The device is available now for $150. It … Read more

Carrier mobile payments venture signs up 50 merchant partners

The wireless carriers' mobile-payments joint venture, after a slow start, is picking up some steam.

Isis, a partnership between AT&T, Verizon Wireless, and T-Mobile, has lined up 50 merchant partners, including heavy hitters like Coca-Cola, Macy's, and Foot Locker, as it gets closer to rolling out its service in trials in Austin, Texas, and Salt Lake City, Utah.

The merchants indicate a level of confidence in the venture's ability to roll out a widespread mobile-payment system, which would allow consumers to use specific smartphones to tap and pay for their goods and services. Beyond the big … Read more

MasterCard jumps into mobile payments with own digital wallet

NEW ORLEANS--Think there are too many digital wallets out there? MasterCard would disagree.

The No. 2 payments processor today unveiled PayPass Wallet Services, its own take on the digital wallet. Initially, it will pop up in the form of a payment icon at merchant Web sites. The wallet will allow users to store all of their cards, and MasterCard plans to distribute developer tools to allow other wallets to work with its network. The move is an attempt to broaden PayPass beyond contactless payments and into something more ubiquitous.

MasterCard is just the latest to be lured in by the … Read more

Google ups cash reward for being hacked

In an effort to cut down on hacking, bugs, and vulnerabilities, Google offers dollar rewards for people to hack into its Web services.

The Internet giant began swapping security research for cash over the past couple of years, but today it announced that it was upping the ante.

"In just over a year, the program paid out around $460,000 to roughly 200 individuals," Google security team members Adam Mein and Michal Zalewski wrote in a blog post. "We're confident beyond any doubt the program has made Google users safer."

As of today, hackers can … Read more

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EU to investigate mobile wallet scheme

EU regulators are looking into competition concerns surrounding a joint venture in mobile payments by Everything Everywhere, Vodafone and O2.

The UK's biggest cellular operators said in June that they were creating a clearing house for mobile payments, which would act as an intermediary between advertisers, banks and retailers. However, Three complained to the European Commission that it had been shut out of the deal.

Although the commission did not cite Three's complaint, it did say in its announcement of the investigation late on Friday that there are "potential competition concerns in the nascent markets of mobile … Read more