Rogers, CIBC may launch Suretap NFC-based payments on October 15th, require a unique SIM

Rogers, CIBC may launch Suretap NFCbased payments on October 15th, require a unique SIM

Rogers and Canadian bank CIBC struck a deal for NFC-based mobile payments back in May, long enough ago that it was starting to fade out of the public consciousness. The alliance may be near refreshing our memory with a commercial launch in the cards. MobileSyrup has reportedly scored internal documents that has the two launching their e-commerce collaboration on October 15th under a slightly catchier Suretap name. Unfortunately, the text also suggests that the initial launch will require at least as much hoop-jumping from customers as for the original Google Wallet plans. Avoiding a traditional wallet will demand a BlackBerry Bold 9900 or Curve 9360 on Rogers, a CIBC MasterCard, nearby stores with PayPass terminals, a CIBC app and now a special NFC-enabled SIM card — a set of criteria that disqualifies almost everyone, especially when there’s supposedly a $50 ceiling on transactions. It remains a step forward for mobile payments in a country that has had very few options to start with, but we’d only anticipate widespread adoption once there’s a much wider selection of devices and banks.

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Rogers, CIBC may launch Suretap NFC-based payments on October 15th, require a unique SIM originally appeared on Engadget on Fri, 12 Oct 2012 12:51:00 EDT. Please see our terms for use of feeds.

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NTT DoCoMo unveils winter lineup, pushes big displays, LTE, quad-cores and NFC payments

NTT DoCoMo unveils winter collection big displays, LTE, quadcores and NFC payments are all so chica

Just as the air begins to chill, NTT DoCoMo has announced its forthcoming lineup for release in November and December, including nine smartphones, four feature phones and a tablet. As the Japanese populace would no doubt demand, all of the bigger smartphones — from the 4.7-inch Arrows V F-04E through to the 5.5-inch Galaxy Note II — come with 1,280 x 720 displays, a healthy degree of water- and dust-proofing, plus decent quad-core credentials. The new Aquos Phone Zeta SH-02E stands out for its low-power 4.9-inch IGZO panel and 16-megapixel camera, while the Arrows Tab F-05E 10-inch tablet packs a 1,980 x 1,200 display and what sounds like the latest 1.7GHz iteration of Tegra 3 (as seen in the HTC One X+). It’s also interesting to a see a Korean-style variant of the Galaxy S III (the Alpha SC-03E) packing a souped-up 1.6GHz Exynos chip and 2GB RAM. In related news, NTT has also announced that it’s partnering with Mastercard PayPass and will offer the contactless payment system for Japanese customers travelling abroad by fall next year — and indeed all the new smartphones are NFC-equipped. Click the first source link below for the full run-down.

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NTT DoCoMo unveils winter lineup, pushes big displays, LTE, quad-cores and NFC payments originally appeared on Engadget on Thu, 11 Oct 2012 10:12:00 EDT. Please see our terms for use of feeds.

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NTT DOCOMO and MasterCard to offer NFC payments in 41 countries

NTT Docomo and MasterCard Worldwide today announced a global business alliance for contactless payments via compatible DOCOMO smartphones. Aiming at a launch in the first half of the fiscal year ending in March 2014, the companies will expand DOCOMO’s iD mobile credit payment system for acceptance at MasterCard PayPass merchant locations around the world.
MasterCard’s innovative payment system, MasterCard PayPass, will be available to DOCOMO customers using smartphones equipped with a …

Editorial: Square gets the attention, but credit cards rule

Editorial Square gets the attention, but credit cards rule

Lower Manhattan, Pearl Street, the Financial District. A Starbucks with broad windows, great for people watching. Sipping my $5 flavored coffee, I watched a homeless man sit on the sidewalk. I liked him immediately: his sharp gaze and thoughtful expression. When I left, I squatted down next to him and put five bucks in his jar, contributing the cost of my first-world coffee to the man’s case for survival.

We talked. He knew his tech, this man of no possessions, describing his favorite productivity gadgets of the past decade, scorning Apple for form over function. He had been living on the street day and night for two years. My five dollars was “huge,” he said. I knew that was true only microcosmically. He liked cigars. That’s where the cash would go.

Meanwhile, Starbucks had recently cut a deal with Square, one of the hottest startup stories of the season, so that people with five dollars to spend on coffee needn’t pull out a wallet and ponder their privilege.

Continue reading Editorial: Square gets the attention, but credit cards rule

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Editorial: Square gets the attention, but credit cards rule originally appeared on Engadget on Tue, 02 Oct 2012 14:00:00 EDT. Please see our terms for use of feeds.

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Square competitor Groupon Payments launches today, promises lowest cost for retailers

Square competitor Groupon Payments launches today, promises lowest cost for retailers

Popular deal website Groupon is venturing into the world of smart phone-based credit card payments today, launching the Groupon Payments initiative nationwide after a successful pilot program is the San Francisco Bay Area earlier this year. Groupon’s boasting a guaranteed lowest cost pricing to merchants using Groupon Payments for credit card transactions — MasterCard, Visa, and Discover will cost retailers 1.8 percent of credit card sales, plus a $0.15 per transaction fee, while American Express will cost three percent of credit card sales, plus a $0.15 per transaction fee. The biggest competition in the space comes from Square, headed by former Twitter co-founder Jack Dorsey, which charges a flat 2.75 percent rate on all transactions against all cards, though PayPal, Intuit, and Verifone all offer similar services.

Today’s news matches up directly with leaks we saw back in May, adding on that merchants will see the day’s credit card purchases credited to their bank accounts overnight, rather than waiting two to three business days (per standard practice). Beyond credit card services, Groupon’s Merchants app also accepts Groupon daily deals, which helps elucidate why Groupon would be interested in entering the mobile credit card payments market in the first place (beyond it being a lucrative market unto itself, of course). Interested parties can sign up over on Groupon’s website, and snag the free payments app right here. Finally — finally — you’ll be able to sell all those $10 gift certificates to Chili’s you’ve been hoarding. Perhaps charge $5 a pop for their $10 value and … is this a paradox? This might be a paradox.

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Square competitor Groupon Payments launches today, promises lowest cost for retailers originally appeared on Engadget on Wed, 19 Sep 2012 11:08:00 EDT. Please see our terms for use of feeds.

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MasterCard announces PayPass User Interface SDK, lets devs roll their own NFC payment-enabled apps

MasterCard announces PayPass User Interface SDK, lets devs roll their own NFC payment-enabled apps

MasterCard has been in the cashless payment game for quite a while, and now it’s hoping to get more developers on the PayPass bandwagon with its freshly unveiled user interface software development kit. By leveraging the SDK, programmers will be able to bake the firm’s NFC payment system, which is compatible with over 70 handsets, into their own Android or BlackBerry OS 7 apps. The kit is free to license and includes API code libraries, documentation, a developer guide, sample code, a white-label reference application and a testing suite. Once apps are created with the SDK, they’ll have to go through MasterCard’s approval process before they go live. Yearning to code PayPass-enabled smartphone software? Check out the press release below for more details.

Continue reading MasterCard announces PayPass User Interface SDK, lets devs roll their own NFC payment-enabled apps

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MasterCard announces PayPass User Interface SDK, lets devs roll their own NFC payment-enabled apps originally appeared on Engadget on Tue, 18 Sep 2012 07:10:00 EDT. Please see our terms for use of feeds.

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Why NFC-Enabled Computers Will Usher in the Future of Online Shopping [Guts]

Today at the Intel Developer Forum, MasterCard joined the chipmaker onstage to talk about electronic payments. Beneath all the marketing speak and generic statements however was a wonderful revelation: the two companies are going to partner up and give merchants and laptop makers the necessary technology they need to act as credit card terminals. What this means for you, the online shopper, is that you no longer have to store your credit card info online (or enter that hellacious number every time). Instead, you just tap your card or phone to your computer and get on with your day. More »

Isis mobile payment system primed for September launch, supported devices revealed

Isis mobile payment system primed for September launch in Austin and Salt Lake City

You’ve known it was coming, but Isis has been so quiet on the mobile payments front in the past few months that you might’ve forgotten the score. Now, the joint venture backed by AT&T, T-Mobile and Verizon has announced that it’ll debut its system in Austin and Salt Lake City next month. At least part of the delay is attributed to its shift in strategy, when Isis shelved its plans to process payments through the carriers themselves and instead work with MasterCard and Visa. Isis representatives have declined to elaborate on future expansion plans.

Coinciding with the recent update that enabled Isis support for T-Mobile’s Galaxy S II, MasterCard has come clean with a list of devices that’ll receive similar treatment. Specifically, those in the US can expect the Droid Incredible 4G LTE, One X, Amaze 4G, Galaxy S III to gain Isis support. Naturally, the possibility remains open for other devices as well, and if you’d like to see the complete list of candidates, make sure to check out the PDF below.

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Isis mobile payment system primed for September launch, supported devices revealed originally appeared on Engadget on Tue, 28 Aug 2012 20:47:00 EDT. Please see our terms for use of feeds.

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Everything Everywhere signs 5-year deal with MasterCard for mobile payments

Everything Everywhere signs 5year deal with MasterCard for mobile payments

MasterCard has switched up its NFC and Mobile Payments deal with T-Mobile and Orange to include corporate parent / sibling Everything Everywhere. The pairing will leverage the existing Orange Cash standard to get users onto the service, building out a person-to-person payment system similar to Pingit as they go. It’s reportedly angered rival networks Vodafone and O2, still smarting from last week’s 4G news, who were co-operating on a unified mobile payments service called “Project Oscar” that would have standardized the system nationwide. Given that Vodafone has partnered with Visa and O2 is trying things out on its own, perhaps the next time you choose a phone, you’ll have to side with your card-provider of choice, too.

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Everything Everywhere signs 5-year deal with MasterCard for mobile payments originally appeared on Engadget on Tue, 28 Aug 2012 04:29:00 EDT. Please see our terms for use of feeds.

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MasterCard denies BitCoin card rumors, BitInstant says it’s still on track

MasterCard shoots down BitCoin debit card rumors

Well, BitInstant is insistent that it will launch a BitCoin debit card, but MasterCard is claiming it will not be part of the plans. After a mock up of the plastic made the rounds featuring the company’s logo, the financial powerhouse felt it necessary to reach out to us, clarifying its non-involvement.

“MasterCard has no relationship with BitInstant. There are issuers who allow the conversion of Bitcoins to US dollars and other currencies, delivered on prepaid cards. However, we’re not aware of this particular programme from BitInstant.”

Of course, if you read the transcript of Charlie Shrem’s chat announcing the plans, he never actually names MasterCard. The logo was likely meant as a placeholder — one that some outlets took a little too literally.

Interestingly, this doesn’t actually mean that MasterCard won’t be involved… just that the company isn’t at this point in the process. BitInstant released its own statement, just hours after the card house contacted us, saying that it has been working with MasterCard affiliates, but had yet to submit to the financial firm directly.

“The card program is moving forward and the arrangement with MasterCard will be handled in due time at the proper stage of the process by the partners who work directly with that company.”

So, what have we learned today? Not a whole heck of a lot actually, other than the fact that putting out a debit card is a complicated business. You’ll just have to stay tuned to see how this shakes out.

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MasterCard denies BitCoin card rumors, BitInstant says it’s still on track originally appeared on Engadget on Wed, 22 Aug 2012 19:58:00 EDT. Please see our terms for use of feeds.

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