Topic “PayPal”

PayPal: Google at Disadvantage in Rolling Out Mobile Wallet

PayPal has an advantage over another big Internet player, Google, in rolling out payments at the physical point of sale because it already has tens of millions of payments customers on file with billions in their accounts “ready to spend,” contends Don Kingsborough, PayPal’s vice president for retail and prepaid products.

Turkcell to Expand Mobile Wallet to non-NFC Payments after ‘Slow’ NFC Adoption

Oct 9 2012

Turkish mobile operator Turkcell, one of the first telcos to commercially launch NFC, is introducing a new mobile wallet that includes a PayPal-like service enabling consumers to pay for purchases by entering their phone numbers on point-of-sale terminals.

Gemalto CEO: Google Wallet 2.0 Won’t Hurt TSM Business

Google’s new cloud-based wallet will not hurt demand for trusted service management services, contends Gemalto CEO Olivier Piou, who also said he sees little threat to NFC rollouts from such cloud-based mobile-payment services as those planned by Square and PayPal.

VeriFone, Equinox Announce Deal with PayPal for POS Terminal Support; NFC Possible Later

May 24 2012

Point-of-sale terminal supplier VeriFone is the second major POS terminal vendor to announce a deal to support PayPal’s in-store payment system in its devices.

Report: Google and PayPal Challenge UK Joint Venture Plans

Google and PayPal have reportedly expressed concerns to European antitrust regulators, saying they fear that if major UK mobile operators are allowed to form their proposed NFC mobile-commerce joint venture, they would have too much power to control secure elements in NFC phones, the Financial Times reported Sunday.

Brazilian Company Launches NFC P2P Payments with Nokia App

Brazilian online payments company PagSeguro along with Nokia has launched an NFC peer-to-peer payment service enabling users to pay small merchants and transfer money to friends using Nokia smartphones.

Google Wallet Co-Founding Engineer Departs Google for Square

Apr 3 2012

Google Wallet co-founding engineer Rob von Behren has left Google for payments startup Square, following former colleague Jonathan Wall in departing the Web giant.

Telefónica Announces Deal with Mobile-Payments Company Boku

Telefónica group has announced a partnership and investment in U.S.-based online mobile payments company Boku, a move that could further Telefónica’s plans to introduce NFC-based payment in its planned mobile wallets.

PayPal Mobile Chief: Payments Not Part of Apple’s DNA

BARCELONA – Apple is unlikely to jump into the mobile payments market at the physical point of sale, as PayPal is doing–there’s not enough profit in it for Apple, contends the head of the PayPal Mobile unit.

Online M-Payments Company Boku Seeks to Expand to In-Store Payments Using NFC

Feb 23 2012

Telco-backed online mobile-payments company Boku is seeking to expand to the physical point of sale using NFC phones, contactless stickers and conventional prepaid cards and is partnering w

HEADLINE NEWS

Study: Merchants Could Boost Sales by Easing Fears Over Digital Security

NFC TIMES Exclusive Insight – A survey conducted by American Express suggests that U.S. merchants could increase their online sales by taking steps to enhance the security of customers' information.

EU Antitrust Regulators Launch In-Depth Investigation into Qualcomm’s Planned NXP Acquisition

NFC TIMES Exclusive Insight – European Union antitrust regulators have launched an in-depth review of Qualcomm’s planned $47 billion acquisition of NXP Semiconductors, the largest supplier of NFC controllers and secure elements globally.

Visa Expands Token Service Provider ‘Partner’ Program, Though Most Vendors Not Yet Integrated with VTS

NFC TIMES Exclusive Insight ­– Visa this week announced a new list of 13 “partner” companies to help it distribute and manage Visa-generated tokens, which the network giant is promoting for use in what it hopes will be large-scale rollouts of Internet of Things devices that can do payments.

Analysis: Apple Apparently Sees Need for Additional Pairing Technology with Support for NFC Tag Reading

NFC TIMES Exclusive Insight ­– Nearly three years after embracing NFC technology for mobile payments but declining to support NFC’s tag-reading mode, Apple, in a surprise move, is adding tag-reading support to its NFC-enabled devices, including the iPhone 7 series and forthcoming iPhone 8, as well as its Apple Watch.

Exclusive: Major U.S. Processors Say In-Store Transactions for Pays Wallets Remain Disappointing

NFC TIMES Exclusive – Apple Pay and the other major Pays wallets still only account for around 1% of card transactions in the U.S., three major processors told NFC Times. At least two of the processors say they haven’t seen growth in Apple Pay over at least the past year.

Alipay North America Chief Insists Company has No Plans for U.S.-Based Wallet

NFC TIMES Exclusive –  Alipay has no plans today to introduce a mobile wallet in the U.S., and is instead expanding its merchant acceptance footprint in the U.S. only to serve Chinese visitors, Souheil Badran, president of Alipay North America, told NFC Times.

NFC Secure Element Shipments Likely Dropped for First Time in 2016, and Vendor Group Cuts Forecast for 2017

NFC TIMES Exclusive Insight – Shipments of NFC secure elements almost certainly fell in 2016, based on recent figures released by vendor association Eurosmart, though the group is again declining to release specific shipment figures for NFC cards and embedded chips, instead combining the NFC unit shipments with those for machine-to-machine modules.

Samsung Pay Launches Commercially in Taiwan; No. 4 Credit Card Issuer Taishin Reveals Apple Pay Card Adds

NFC TIMES Exclusive Insight – Samsung made it official, launching Samsung Pay commercially today in Taiwan with seven banks, as expected, following Apple Pay to the market by about two months and beating Android Pay, which is expected to launch on the island nation as early as next week. 

Why is Mobile Wallet Adoption So Disappointing? Some Industry Players Weigh In

NFC TIMES Exclusive –  NFC wallets are failing to catch on in the U.S., especially for in-store transactions, for a variety of reasons, including poor awareness among consumers and cashiers, lack of full buy-in from merchants, problems with certifying terminals for contactless and an insufficient value proposition, said industry players, including a representative from Google.

Samsung Pay Launches in UK Without Major Banks or MST Technology

NFC TIMES Exclusive Insight – Samsung today finally launched its Samsung Pay mobile payments service in the UK, well behind rival payments services Apple Pay and Android Pay.

Wal-Mart Still Balks at Accepting NFC; Nordstrom Wants Right to Refuse Some NFC Wallets

NFC TIMES Exclusive – LAS VEGAS, Nev.: It’s been more than two and a half years since Apple Pay launched in the U.S., and retail giant Wal-Mart Stores still is no closer to accepting NFC at its 4,000-plus stores in the U.S. then when Apple began rolling out its NFC-enabled mobile payments service in October of 2014.

Apple Testing Loyalty Feature; Google Expected to Expand Payments for Home Device

NFC TIMES Exclusive – As they struggle with low user adoption of their respective wallets in the U.S., Apple and Google are seeking to add more features, hoping to increase transactions, NFC Times has learned.