Hasta La Gadget!

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.

Filed under: Cellphones, Tablets, Wireless, Internet, Mobile

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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Most stores accepting mobile payments usually have to take just one format, whether it’s Google Wallet, Square or another flavor that you probably can’t use. LevelUp is convinced you shouldn’t have to choose platforms: it just revealed a new payment dock that will recognize both the company’s existing QR code system as well as NFC. It’s much easier sight on the eyes than typical NFC terminals, to boot. Just don’t expect a one-for-one recreation of systems like Google Wallet or Isis. Rather than expose your banking details by holding them in a chip, LevelUp’s NFC is just used to move the transaction along — if it’s used to get things started, shoppers can either switch to a QR code or complete the transaction with a second tap. The company is mostly planning to replace its existing payment points across the US with the NFC-aware models. Bluetooth 4.0 is an option for the future, however, which could make LevelUp even more of a Swiss Army Knife for the world of mobile commerce.

Filed under: Cellphones, Peripherals

LevelUp unveils payment docks that take both NFC and QR codes, leave out the guesswork originally appeared on Engadget on Fri, 07 Sep 2012 03:33:00 EDT. Please see our terms for use of feeds.

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If you decided to change your NFC Phone‘s OS over to CyanogenMod 9 to avoid all the skinning and restricting, now you have a mobile payment option called SimplyTapp. Produced by the modding group and two of its members, the app requires free or paid NFC cards from CyanogenMod or retailers like McDonald’s and Whole Foods. Card user info is guarded in the cloud, which “allows separation of the card credential from the vulnerable handset,” for increased security, according to CM and SimplyTapp. CyanogenMod also announced a new version of its ICS-based CM9 OS, version 9.1, which will fix bugs and add new devices. A stable release will be coming soon, but meanwhile, why not head over to Mickey D’s and freak them out by paying with your modded Galaxy Nexus?

Filed under: Cellphones, Software, Mobile

CyanogenMod releases SimplyTapp NFC payment app for CM9, launches CM9.1 originally appeared on Engadget on Wed, 29 Aug 2012 06:31:00 EDT. Please see our terms for use of feeds.

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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.

Filed under: Cellphones, Wireless, Mobile

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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Square gets most of the media hype, but without an international presence, would-be competitors have had a chance to carve out their own niches in the mobile commerce market. Sweden’s iZettle has managed to make quite a splash in its homeland, and it’s expanding its mini empire by finally bringing its wares to Android — albeit in an extremely limited form. Unless you’ve got a Galaxy S III, S II or a Note then iZettle still isn’t for you and with availability in a single Nordic country, it might seem more accurate to describe Android support as being in beta, but the company has ditched the testing tag regardless. Rest assured, however, it is actively working to add more handsets and export the app beyond its particle board-loving borders.

Filed under: Cellphones, Peripherals, Software

iZettle comes to Android for a few lucky Swedish Samsung owners originally appeared on Engadget on Tue, 21 Aug 2012 16:35:00 EDT. Please see our terms for use of feeds.

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