Mobile payment providers. Yeah, I'm already getting a little sleepy thinking about them, too. Let's face it, they're not the most exciting topic in the world, but whenever we talk about how people spend their money, you know there are lots of companies out there eagerly eying the potential of various new payment technologies with great interest. Among such companies are cell phone carriers, and the reason why should be obvious: smartphones with NFC are ideal platforms for next-generation payment systems. Read More
In a rather unfortunate bit of news regarding Verizon's Galaxy Nexus, a rumor that the device will not have support for Google Wallet has been confirmed.
A Google spokesperson confirmed to Computer World today that the hotly anticipated Nexus device won't support Google's burgeoning NFC-based mobile payment system, but gave no word as to why Verizon decided to forego the service.
Verizon's decision could have something to do, however, with Isis – a consortium comprised of VZW, AT&T and T-Mobile, who have paired with four major credit card companies to form their own NFC-based payment venture. Read More
A few days ago, we told you that Google was most likely going to announce a mobile payment service using NFC. Today, that announcement is official, and it's called Google Wallet. Wallet is exactly what the name suggests: a payment service that aggregates all of your credit cards, coupons, loyalty cards, and more, into your Android phone. You can then not only use your phone to pay, but it will also enter your customer loyalty information automatically, as well as redeem any coupons that are loaded into your Wallet using NFC (near field communication). Read More