mobile payment

Aiming for more retail deals, Square adds partnerships VP

For a mobile payments platform whose future success is tied to its ability to be accepted by as many retailers as possible, a company like Square has to have someone leading the charge toward such deals.

That's why Square -- the San Francisco startup founded by Twitter co-founder Jack Dorsey -- has just hired its first vice president of partnerships. It said today that it has tapped Alex Petrov, former PayPal vice president of retail marketing, for the job. Petrov also previously held the position of vice president of consumer brands at supermarket giant Safeway.

It will be Petrov'… Read more

Apple CEO Tim Cook: Mobile payments still in their infancy

Apple doesn't seem ready to leap into the mobile payments arena, at least according to comments made Tuesday by CEO Tim Cook.

During Tuesday's conference call announcing fiscal second-quarter earnings, Cook responded to a question about mobile payments.

"I think it's in its infancy," the Apple CEO said. "I think it's just getting started. Just out of the starting block."

Reading between the lines, that likely means Apple has no plans to jump onto the mobile payments bandwagon, at least not at this point. Past rumors have continually suggested that the company … Read more

Amazon eyes anonymous mobile payments system

Amazon may be cooking up its own anonymous mobile payments system.

Published yesterday by the U.S. Patent and Trademark Office, the Amazon patent application appropriately dubbed "Anonymous mobile payments" describes a system that would let mobile users pay for items without having to reveal their name, phone number, e-mail address, or other personal details to the seller.

The invention follows in the footsteps of other mobile payment systems. However, Amazon takes it a few steps further.

Beyond shielding the personal information of the buyer, Amazon's system would use a special code, or temporary identifier, to conduct … Read more

Visa chief: Fee on digital wallets seems 'appropriate'

Digital wallet operators, like Google, PayPal, and others, should be charged a fee for offering such a service, according to Visa CEO Charlie Scharf.

Speaking at the Barclays Emerging Payments Forum yesterday, Scharf said "it is totally appropriate" for credit card companies to charge digital wallet operators a fee on all transactions, according to Reuters, which was in attendance.

Scharf's comments come after eBay revealed in a February regulatory filing that MasterCard was planning to charge it a fee for its digital wallet service starting in June. The actual amount PayPal pays isn't expected to be … Read more

SXSW shocker: For LevelUp, business strategy trumps buzz

AUSTIN, Texas--If the fastest way to a man's heart is through his stomach, perhaps the optimal way to engineer real affection for your startup is to cook up a similar approach.

That seems to be the logic behind mobile pay service LevelUp's presence at South by Southwest, a show where brands are drowning out startups in search of their breakout moment.

LevelUp, a 2-year-old mobile pay service operated by Boston startup SCVNGR, skipped dog-and-pony-show antics for a far more practical strategy that is drumming up dollars instead of buzz. The company is powering mobile pay at every food … Read more

How e-wallets could be a gold mine for credit card companies

Consumers may one day ditch their plastic credit cards, but that doesn't mean that they'll abandon their credit card companies.

In fact, the move from a leather wallet to a digital one could be a boon for companies like Visa, Mastercard, Discover and American Express.

Digital wallets, which allow users to store their credit cards, retail loyalty cards, coupons and even tickets in digital form on a mobile device, have been one of the most talked about emerging segments of the mobile market. Everyone from Google to Apple to Microsoft to PayPal to wireless carriers and even retailers … Read more

PayPal co-founder Levchin launches e-commerce startup

PayPal co-founder Max Levchin is bringing his e-commerce business smarts to a mobile-payments startup he's launching called Affirm, according to AllThingsD.

What's different about Affirm from other mobile-payment companies, like Square and Stripe, is that it's goal is to make payments happen with as few clicks as possible -- similar to how buying something on a desktop computer works.

"We are trying to get as close as possible to one-click, which has always been the case on the desktop," Levchin told AllThingsD. "In mobile, it has become an imperative to be able to buy … Read more

Visa's plan to spur NFC mobile wallet adoption may hit a snag

Visa's new partnership with Samsung to embed its PayWave technology directly into Samsung devices could help kick-start NFC-enabled payments around the world. But U.S. wireless subscribers may be left out of the frenzy.

Samsung and Visa announced the partnership, which is part of a new partner program for Visa, at the Mobile World Congress tradeshow in Barcelona today. Specifically, Samsung will incorporate Visa's PayWave mobile payment applet into future Samsung devices such as the upcoming Samsung Galaxy S4. Visa will also make it easier for customers to tie their Samsung phones to financial institutions and their personal … Read more

Countdown begins for Galaxy S4 reveal

Monday's CNET Update does it with stylus:

The mother of all mobile trade shows, Mobile World Congress, kicked off in Barcelona. Today's video roundup highlights the buzz over Samsung, WebOS and a new way to talk to your phone:

- Samsung will unveil the Galaxy S4 on March 14

- Visa's mobile payment program will be built into the Galaxy S4

- More on MasterCard's mobile payment plan, MasterPass

- First impressions of the Galaxy Note 8 tablet

- Samsung HomeSync to rival Apple TV

- WebOS lives in future LG smart TVs

- HP tries tablets again with the Slate 7 … Read more

Galaxy S4 will incorporate Visa's mobile payment program

BARCELONA, Spain--Samsung's next flagship smartphone will play a key role in Visa's mobile payment ambitions.

The two companies unveiled a partnership today in which Samsung would incorporate Visa's PayWave mobile payment applet in its future devices, as well as use Visa to make it easier for customers to tie their Samsung phones to a financial institution and Visa account.

While not referenced specifically, the upcoming Galaxy S4 will be the flagship product for Visa's program, according to a person familiar with the partnership.

Samsung will be part of the Visa Ready Partner Program, which was announced … Read more