Hasta La Gadget!

It was just this spring that Square had reached a grandiose $5 billion per year payment rate and cemented its position at the top of the mobile payment processing field it practically started. Any attempts to catch up just got a lot harder now that the startup has crossed the $10 billion mark, only half a year later. A fifth of that new rate came in the past two months and hints that the company isn’t about to slow down anytime soon. The increase doesn’t have any clear driver, apart from wider media exposure, but founder Jack Dorsey notes that this doesn’t include the Starbucks deal that took effect just days ago. We know the rocket-like pace won’t last forever; all the same, the record-high levels of business undoubtedly give Square a lot of competitive padding when a deluge of recently established alternatives are still getting started.

Filed under: Cellphones, Internet

Square reaches $10 billion in payments per year, stays ahead of a growing pack originally appeared on Engadget on Wed, 14 Nov 2012 19:32:00 EDT. Please see our terms for use of feeds.

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Rogers and its banking partner CIBC have been making much ado over bringing NFC mobile payments to Canada since the spring, but the companies have been mostly silent on actual availability and let a rumored October 15th launch date pass by without fanfare. The two partners are at last ready to swing into action, at least symbolically — a photo-op at a Tim Hortons in Toronto on Friday will officially represent the first instance of their payment system being used in the wild. What we’ve seen officially and otherwise hasn’t changed, which means that event star and triathlete Simon Whitfield will be using one of two NFC-equipped BlackBerry phones with a special SIM card while he buys a meal that we imagine involves coffee and maple-glazed donuts. Rogers hasn’t said how soon the less sporty among us will be making payments, although the limited choices of phones (two) and carriers (one) will only give a handful of Canucks a chance to join in.

Update: Just as Whitfield’s coffee is cooling off, Rogers has given out full details: the CIBC mobile payment option will roll out later in the month to at least 2,300 Tim Hortons restaurants across Canada, with 3,000 more joining in by December. It’s called Suretap, as the earlier leak confirmed, and there’s no surprise support for Android, Windows Phone or other platforms.

Continue reading Rogers and CIBC kick off Canadian NFC-based mobile payments with mini event (update: full details)

Filed under: Cellphones, Mobile, RIM

Rogers and CIBC kick off Canadian NFC-based mobile payments with mini event (update: full details) originally appeared on Engadget on Fri, 02 Nov 2012 12:15:00 EDT. Please see our terms for use of feeds.

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Google Wallet hasn’t had much uptake in the real world. When most of its use has revolved around one carrier, few payment points and even fewer phones, most of us have had to sit on the sidelines. If an Android Police source really did come across a leaked future build of Google Wallet as he claims, though, we may know how Google surmounts that problem: going old school with a real-world card. Screenshots in the app supposedly show a mail-in option for plastic that could completely replace credit and debit cards without turning to NFC. Any charges after a typical swipe of the magnetic strip would simply go to whatever payment source is set as Wallet’s default, letting minimalists slim down their actual wallets while sharing in the same discounts as their phone-wielding counterparts. Digital-only purists would still get something out of the deal, as the update could also bring person-to-person money transfers and support for mass transit cards. How soon the as yet unconfirmed app would appear is still a mystery, but it dovetails with Google teasing a Wallet revamp that’s rumored to take mobile use beyond its Android-only roots; we just didn’t anticipate that the company might bypass our phones altogether.

Filed under: Cellphones, Internet, Mobile, Google

Google Wallet update purportedly leaks plans for a real-world card, transfers and transit passes originally appeared on Engadget on Thu, 01 Nov 2012 16:54:00 EDT. Please see our terms for use of feeds.

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For all of Square’s fast growth, it’s been exclusively the domain of US shopkeeps; others had to scrounge for an alternative, if there was one at all. The payment pioneer clearly isn’t content to isolate itself or anyone else, as it’s making its international debut with support for Canada. Locals can immediately request the free Mobile Card Reader and swipe credit cards with an Android or iOS device at the same flat, 2.75 percent rate that more experimental American stores know very well. Complete equality isn’t available to Canucks just yet, as Square Wallet won’t be available until 2013, but the access remains a step forward for Canadian merchants that don’t want to be tied down to a terminal any more than their southern neighbors.

Continue reading Square launches in Canada, streamlines payments on the world stage

Square launches in Canada, streamlines payments on the world stage originally appeared on Engadget on Wed, 24 Oct 2012 11:42:00 EDT. Please see our terms for use of feeds.

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To say that the launch of Isis has felt drawn out would be a mild understatement. The alliance first signaled its intentions two years ago, detailed its first markets one year ago and faced a last-minute delay. All the ducks are finally in a row, however, and residents of both Austin as well as Salt Lake City can tap to pay (or score discounts) at the “hundreds” of locations that accept NFC-based purchases through American Express, Capital One, Chase and Isis’ own cash card. Launch day brings app- and SIM-enabled access for nine devices spread rather unevenly across AT&T, T-Mobile and Verizon: only the Droid Incredible 4G LTE is confirmed working for Verizon subscribers, while the rest are divided more equally between multiple Samsung Galaxies and HTC devices like the Amaze 4G and One X. Over 20 phones should be Isis-aware before the end of the year. It’s a potentially strong start to one of the few truly cross-network mobile payment systems in the US, but we see a long road ahead before Isis gives Google Wallet some jitters — there’s legions of banks, cities and stores needed before Isis is widespread, and we’re not counting on that ever-elusive universal hardware support.

Continue reading Isis’ NFC payments go live in Austin and Salt Lake City: 3 carriers, 9 phones, 1 long way to go (video)

Filed under: Cellphones, Mobile, Samsung, HTC, Verizon, AT&T, T-Mobile

Isis’ NFC payments go live in Austin and Salt Lake City: 3 carriers, 9 phones, 1 long way to go (video) originally appeared on Engadget on Mon, 22 Oct 2012 13:36:00 EDT. Please see our terms for use of feeds.

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