Kim Dotcom’s Mega has been marching on into the future, so far without any sort of considerable pestering from one pesky United States government. In the meantime, Dotcom’s been doing his best to beef the service up, offering cash money to anyone who can strengthen its encryption. And now Mega is taking Bitcoin. Because of course. More »
You may not be very familiar with mFoundry’s name, but you’ll probably know its work if you’re reading this site: it’s part of a deal with MasterCard for NFC-based mobile payments, powers many banking apps and wrote the earliest mobile app code for Starbucks. As such, it’s no small deal that payment giant FIS just bought full control of mFoundry for $120 million. FIS isn’t shy about its aims and sees mFoundry as the ticket to covering a mobile banking space that’s growing quicker than other fields. Not that mFoundry will necessarily feel like a pawn — its audience potentially grows to the 14,000 banks that FIS has for customers. We’ll just need to wait until after the deal closes later in the current quarter to see what the union will bring.
Filed under: Cellphones, Internet, Mobile
Source: TechCrunch
BitInstant may be aiming for a Bitcoin debit card, but it looks like a European Bitcoin exchange will beat it to the punch. After working with French financial regulators, Bitcoin-Central has hammered out a deal with French payment processor Acoba and France’s Credit Mutuel bank to become a payment service provider, which allows it to function much like a bank. According to Bitcoin-Central, it’s the first exchange of the digital currency to be licensed to operate as a bank and function within the framework of European regulations. Customers will now have funds held under their name — rather than that of the exchange — at Credit Mutuel and insured by the Garantie des dépôts, the French analog of the FDIC (Federal Deposit Insurance Corporation). Soon, users of the service will be able to order debit cards that can use Bitcoins and Euros for purchases and cash withdrawals. Yearning for some direct deposit action? In a few months, the organization will be able to accept direct deposits and even automatically convert hard-earned cash into Bitcoins. The virtual bullion has taken its lumps, but this is a development that fans of the currency can be proud of. For more details, tap the bordering source link.
[Image credit: Zach Copley, Flickr]
Via: Ars Technica
Source: Bitcoin Forum
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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iZettle has just launched its Android and iOS payment platform on EE in the UK, giving small businesses a cheap way to get paid through Visa, American Express, Diner’s Club and Mastercard. For a £20 fee in EE stores, you can grab the scanner (shown above) and start accepting charge card payments through your iPhone, iPad and certain Android devices with no other fees except for the usual merchant grab — 2.75 percent per transaction in this case. Sales can even be keyed in manually if you don’t want the scanner, and the company claims the system is quick and “totally secure.” So, if you’re tired of chasing down that deadbeat client who keeps saying “too bad you don’t take Amex,” hit the PR after the jump.
Continue reading iZettle launches on EE, aims to let UK merchants dabble in plastic
Filed under: Cellphones, Peripherals, Software
iZettle launches on EE, aims to let UK merchants dabble in plastic originally appeared on Engadget on Wed, 07 Nov 2012 11:42:00 EDT. Please see our terms for use of feeds.
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Mastercard is already a big fish in the still tiny NFC contactless payment pond, and now it wants to take that same technology to a veritable ocean — internet sales. The plastic purveyor is tag-teaming with ING in the Netherlands for PayPass-based smartphone internet payments that would have a “comparable level of security” to bricks and mortar purchases — by transmitting an EMV-compliant cryptogram or QR code to merchants. That would theoretically make online shopping less risky, and the system would also allow coupons and vouchers to be applied, giving a “similar user experience in both the physical and digital world.” The Dutch trial has already started and will continue until early 2013, but there’s no word if new users can still jump in — check the PR after the break to read the tea leaves for yourself.
Filed under: Cellphones, Tablets, Internet, Mobile
Mastercard previewing smartphone internet payment system with in-person security strength originally appeared on Engadget on Wed, 07 Nov 2012 10:03:00 EDT. Please see our terms for use of feeds.
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Mastercard is already a big fish in the still tiny NFC contactless payment pond, and now it wants to take that same technology to a veritable ocean — internet sales. The plastic purveyor is tag-teaming with ING in the Netherlands for PayPass-based smartphone internet payments that would have a “comparable level of security” to bricks and mortar purchases — by transmitting an EMV-compliant cryptogram or QR code to merchants. That would theoretically make online shopping less risky, and the system would also allow coupons and vouchers to be applied, giving a “similar user experience in both the physical and digital world.” The Dutch trial has already started and will continue until early 2013, but there’s no word if new users can still jump in — check the PR after the break to read the tea leaves for yourself.
Filed under: Cellphones, Tablets, Internet, Mobile
Mastercard previewing smartphone web payment system with in-person security strength originally appeared on Engadget on Wed, 07 Nov 2012 10:03:00 EDT. Please see our terms for use of feeds.
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There’s just something about plastic, isn’t there? While Google tried to convince the world that we could all pay for everything using only our mobiles, the harsh reality is that we’re still probably many, many years out from that being possible. In the interim, it looks as if Google’s planning to bridge the divide with a Google Wallet card. While rumored earlier in the year, now the company’s own support pages are starting to mention the heretofore unannounced product by name, noting that “all Android devices with an operating system of Android 2.3.3 or higher are eligible to download the Google Wallet app for use with the Google Wallet card.” There’s still no word on what the thing will look like, where you’ll be able to get one, or when you’ll be able to stuff it between that aging Cheesecake Factory gift card and your expired AAA membership, but you can bet we’ll be keeping an eye out.
Google’s own support site confirms ‘Google Wallet card’ originally appeared on Engadget on Tue, 06 Nov 2012 11:29:00 EDT. Please see our terms for use of feeds.
It wasn’t long ago that Google Wallet delved into the online payment sphere, but as of today, the Mountain View juggernaut has extended its checkout service to mobile websites. According to Google, 97 percent of mobile shoppers abandon their carts, which is primarily due to the litany of information that needs to be manually entered. Now, when you stumble upon a mobile website that supports Google Wallet checkouts, you’ll merely need to click the buy button, enter your login credentials and then complete the order. The immediate downside is the paltry number of outlets that support the service: 1-800-Flowers, Rockport and Five Guys. Then again, we suppose you could have a pretty nice evening with flowers, new shoes and a couple of burgers.
Filed under: Cellphones, Internet, Software, Mobile, Google
Google Wallet checkout gains support for mobile websites originally appeared on Engadget on Thu, 01 Nov 2012 23:15:00 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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