While we've been following this rumor for months now, Google made Android Pay official during today's keynote. We first heard the name back in February, and knew something was coming ever since they acquired the intellectual property of mobile payment competitor Isis, an agreement that would also make Wallet a pre-installed app on AT&T, T-Mobile, and Verizon phones. Though it was announced as part of Android M, it will work on KitKat and newer versions.
Functions new to Android Pay include the ability to tap to pay within apps. For apps that use the Pay API, you will only have to click "Buy with Android Pay" and leave the arduous typing of numbers and addresses to the automated system. Read More
If you were wondering how long it would take the influence of the Apple Watch to be felt on the rest of the wearable world, the answer is "they didn't even wait for the thing to be released." Former Bluetooth headset leader and current wearable fitness also-ran Jawbone really wants to get in on that sweet mobile payment green, so they've partnered with American Express to include contactless payments on their latest fitness tracker, the UP4.
To be fair, the UP4 has charms beyond the ability to pay for your latte with a swipe of your wrist like the cool kids. Read More
Mobile payments are on the rise. Google has been working with companies for years, and with Apple Pay turning more consumers on to the idea, new opportunities to swipe your phone at a register or pay in advance are popping up left and right.
Now Google has partnered with ChowNow to bring Wallet to thousands of independent restaurants across the US. As of today, restaurants have updated their mobile apps to include Wallet as an additional option at checkout. Future businesses that work with ChowNow will offer integration from the beginning.
The move will hopefully serve as a win-win for everyone involved. Read More
Mobile payments app Venmo has been around for years now, but without two-factor authentication, security hasn't been as good as it could be. Fortunately the company is now getting around to changing that. Today it announced that it has added two-factor authentication to its mobile apps (Android and iOS) as well as the web.
When you attempt to sign into Venmo from a new phone, the service will send you a 6-digit code that you will need in order to get inside.
Going forward, Venmo will automatically enable this feature for anyone who uses the latest version of the app. Read More
OpenTable announced its own mobile payment program just over a year ago, which it launched exclusively on iOS at the time. Now the feature is officially available for Android.
Pay with OpenTable, as the functionality is called, lets you pay your checks using the mobile app. There's nothing to scan or swipe in order for the experience to work. The restaurant will simply receive its money digitally from the credit card you have saved. So make sure you have that entered when you're making the reservation. It's a process you should only have to go through once.
The feature is limited to participating establishments in nearly two dozen cities. Read More
Facebook has introduced a new way for friends to swap cash with one another that doesn't involve meeting in person, writing a check, or even opening up another app. With Facebook Pay, they can send and receive money directly inside of Messenger. And it won't cost them a thing. Read More
Right now a mobile payment system is kind of like a pair of Crocs in the mid-2000s: everyone has to have one and it isn't clear why. Of course Google Wallet has been around for years, but now that Apple Pay (and Samsung Pay, and apparently everyone is paying everything) is around Google needs something a little more competitive, perhaps using those newly-acquired Softcard assets. We've known about Android Pay, a new mobile payment API, for a few weeks. Google's SVP of Android, Chrome, and Google Apps spoke briefly on Android Pay at Mobile World Congress, officially confirming the service. Read More
After several weeks of rumors, Google has announced their partnership with Softcard. The purpose of this venture is to combine forces with Google Wallet, which has been around since 2011 but never enjoyed wide usage. With Apple Pay having recently entered the fray, Google apparently felt the time is now to get their service back on the map. Buying their competitor Softcard's technology, though, is just the beginning.
In addition to gaining Softcard's back end, Google Wallet will soon be preloaded on all phones sold by AT&T, T-Mobile, and Verizon in the United States. Read More
Wallet has to be pretty frustrating for Google. They beat Apple to the punch by quite a long time, but the iPhone 6 and 6 Plus basically introduced the lay public to mobile payments. How did this happen? Insert the tired cliches about Apple's control over hardware and software here. More interesting is what Google will do, considering how much they still have to gain by getting more adoption of their Apple Pay competitor.
A report by The Wall Street Journal indicates that Google is not going to stand pat while this burgeoning market passes them by. While it seems much is still in the air, Google is apparently planning several interesting things to remake Wallet, which they will re-introduce at this coming May's I/O conference. Read More
There have been a number of rumors regarding Samsung's intention to build its own mobile payment platform to compete with Apple and Google, and maybe now we know how. The Korean company just bought mobile payment start up LoopPay for an undisclosed sum. Using LoopPay is a little like NFC, but it works on 90% of payment kiosks using standard magnetic stripe readers.