While the world’s now focused on Apple Pay, there’s another “A” player that’s just as capable of shaking things up in mobile payments. Android. Except that there’s just one problem, well actually there are five, that are getting in the way of making it the...
Tesco is trialing at a handful of stores—in London and Edinburgh—a mobile payment system, currently only being offered to employees. “Consumers must sign in to use the PayQwiq service through their Tesco log-in for its online grocery service. Credit card details can then be added,...
Order imbalances may have delayed Alibaba’s initial public offering for a bit on Friday (Sept. 19), but the company made a ton of money nonetheless. It’s stock price opened at $92.70 per share on the New York Stock Exchange, 46 percent higher than the $68...
PAX Global Technology Limited, which makes a popular NFC terminal. has embraced Apple Pay. “Apple joining the mobile payments industry makes for an exciting time in our industry,” said Mr. Andy Chau, President and CEO of PAX US, “PAX has spent a lot of time...
A payment mechanism is not necessarily a payment mechanism. So says the man who founded both Twitter and Square. Jack Dorsey may see Square as a mobile payment device company, but he sees it as going in a fundamentally different direction than Apple. Hence, he...
Payments companies that live in glass houses shouldn’t throw stones at Apple. Shortly after Apple rolled out Apple Pay, PayPal bought a full-page ad in the New York Times to attack’s Apple security rep. The problem is that PayPal has similar security issues. “The tagline...
Samsung and Alipay are partnering on payment biometric authentication, rolling out what the pair calls the first Fast Identification Online (FIDO) ready system in the Far East. “Alipay offers payment and escrow services for transactions on Alibaba Group’s marketplaces as well as to third parties...
There’s little debate that Apple Pay is going to sharply boost mobile payment security. After all, replacing signature or a 4-digit shoulder-surfing-vulnerable PIN with a biometric authentication is a big step in the right direction. No authentication system is perfect, but being more secure than...
Uber must consider to face a lawsuit accusing of forcing customers to pay 20 percent tips for drivers, but then pocketing most of it, after a U.S. federal judge refused to dismiss the civil lawsuit. “An Uber customer filed a proposed class action lawsuit against...
