mobile payment

Samsung working out deal to compete with Apple Pay

The relatively warm acceptance of Apple Pay – Apple’s wireless payment system that allows owners of the latest iPhone models to wave their smartphone instead of swiping your card to pay – has probably forced Samsung to look for a competing system using its own line of smartphones. The South Korean gadget giant is reportedly in talks with US payments startup LoopPay to make this happen.

Poynt pad tries to be all-in-one payment system for business

Point-of-sale systems, especially for small businesses, can sometimes be a very expensive pain with technology constantly updating and new payment methods continually cropping up. Former Google wallet chief Osama Bedier is behind a new product that will try to become an all-in-one payment system. It's called Poynt, and from the looks of it, it is poised (or will try) to revolutionize how we conduct financial transactions, at least digitally speaking whether in your store or even at bazaars and trade fairs.

Another pharmaceutical chain drops NFC payments

A few days after Rite Aid pharmacies announced they were not accepting any more payments from NFC mobile payment systems like Google Wallet, another one has followed suit. Fellow drugstore chain CVS if also discontinuing the payment system used by several platforms including the new Apple Pay, but the reasons may be self-serving (as expected) although highly inconvenient for customers who have only just started using mobile payments.

Samsung looking at payment process through smartwatches

South Korean gadget giant Samsung is reportedly looking at how they can incorporate simple payment functions to the next wearable devices – smartwatches, more specifically. The target is the Mobile World Congress slated for early in 2015, where by that time, Samsung is expected to launch a payments-enabled smartwatch.

Isis to become Softcard in official rebranding

Isis is a company that makes wallet software that is designed to allow users to shop, pay, and save money using their smartphones. The problem for the company is that a militant group from the Middle East that goes by the acronym ISIS is something that no company wants to be associated with.

Amazon enters the mobile payment space with Local Register

As more aspects of our lives become even more digital, mobile payments might just become the next step for retail shops. Square has established itself as the leader in the market, but now online retail giant Amazon is trying to make its way to this segment by launching Amazon Local Register. The program provides a card reader and an app that will help merchants and retailers accept credit and debit card payments without having to shell out for a credit card terminal.

Isis rebranding due to militant Middle Eastern group

Michael Abbot, head honcho at mobile payments outfit ISIS, has put out a statement today saying that his company is about to go on a rebranding process. The call to rebrand has been triggered by recent political and militant movements in the Middle East, where a group with the same acronym (ISIS) has been linked with violent actions in the area.
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