A new report out of the Wall Street Journal today says that Google is looking to wake up its Wallet...
Read Article Confirming rumors from this past December, Samsung has acquired Massachusetts-based LoopPay in an effort to compete with Apple Pay, and...
Read Article A Financial Times article from this past weekend reports that Facebook is close to launching a digital financial service, becoming...
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Uncovered today by tech site Droid-Life was the long-awaited existence of physical debit cards for the Google Wallet online banking...
Read Article There have been countless attempts from tech companies to try and horn in on the way people pay for stuff....
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Square today is officially launching Square Cash, a product that allows anyone to send money to a contact via email. Square...
Read Article In recent years, financial management companies like PayPal, Square and even Google’s Wallet have been pushing for the world to...
Read Article Maybe Google would’ve been better off stuffing their cash in a mattress. According to a report on BusinessWeek, Google Wallet...
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Google made quite a few announcements at its I/O developer’s conference yesterday, but some just weren’t big enough to warrant...
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While the technology space is moving toward mobile payments, Facebook is still trying to expand its “Facebook Card.” And by...
Read ArticleEarlier today, Square announced that Pumpkin Spice Latte addicts can now make Starbucks purchases using its Square Wallet app. You can pay using one of two methods: by tapping your phone on the NFC reader at the register, or by having a QR code from the app scanned. While this is a neat way to pay for that cup of joe, is it really easier than, say, pulling out and swiping a credit card, or using that plastic Starbucks card that you’ve loaded up? At this point in time, are digital wallet services like Square Wallet or Google Wallet really necessary? And, perhaps the biggest question of all: can you even replace a physical wallet?
As previously discussed, the increased traction of the mobile market has opened many doors in terms of potential innovation down the road; not only in mobile-specific industries, but in industries that stand to benefit from continued mobile growth as well. Because “smartphones” such as the Apple iPhone and the wide range of Android-based devices have become fixtures for many individuals it only makes sense that industries of all spectrums should (and indeed are) conforming to mobile users by developing products and services that are specifically focused around mobile devices. Recently the Internet has seen quite a buzz of speculation relating to RFID technology that if developed and marketed correctly could very easily make mobile phones a standard method of payment; leaving plastic banking cards (and even paper cash) in the dust.
Personally, I had up until yesterday developed the opinion that Apple would be the first company to bring mobile payment platforms into the mainstream for millions of uses to take advantage of. However it seems that Google has been actively working to develop and refine their own mobile payment transaction system, which they announced yesterday and will be testing in the New York and San Francisco regions later this summer.
