Believe it or not, a lot of Android fans were happy to see Apple announce its new Apple Pay system with the iPhone 6. Thanks to its reliance on NFC technology (welcome to 2011, Cupertino!) and Apple's famous marketing muscle, it meant that NFC payments might finally start taking off, particularly in the US. The same NFC-equipped registers that work with Apple Pay generally work with Google Wallet as well.
Then popular drugstores CVS and Rite-Aid started blocking Apple Pay, which apparently means blocking all NFC payments, including Google Wallet. It turns out that a cabal of US retailers are already working on a proprietary mobile payment system, CurrentC. Read More
Remember when everyone was pissed off that the Verizon version of the Galaxy Nexus couldn't use Google Wallet because of "security concerns"? ISIS Mobile Wallet, the alternative carrier-sponsored NFC payment system (and the reason that last sentence was equipped with sarcastic quote marks) is finally available, just two years after Google Wallet was coincidentally blocked by the carriers that are pushing ISIS. Nice work there, fellas.
ISIS has been in a beta testing mode in limited markets for just over a year - the necessary Android apps have been available on the Google Play Store since then. Read More
Isis launched its mobile payments platform in Salt Lake City, UT and Austin, TX today, in a limited, initial rollout that's probably best viewed as a tech test more than an NFC payments panacea. We've know for quite some time that these would be Isis' launch markets (after numerous delays), and we also had a basic idea of how the system would work: NFC. What wasn't so widely-known is the fact that Isis uses the SIM secure element method to store payment credentials.
This is in contrast to Google Wallet's method, where your virtual MasterCard (used as the medium through which your payments are processed) is stored in a secure element that is typically included as a part of the NFC chip. Read More
Yesterday, a rumor at the Wall Street Journal stated that major retailers like Walmart, Target, and 7-Eleven were in the process of teaming up to create their own mobile payment solution. They sure didn't waste much time on making it official, as this morning that solution was announced as "MCX" - or, Merchant Customer Exchange. Sexy.
This is a big deal, though. And it's a big deal because of the names in the headline above - quite literally most places where Americans buy things have come together to create a mobile wallet system. But it's not just Target, Walmart, and Best Buy. Read More
Holy crap - Google Wallet just dropped a bomb on everyone and announced that the service now supports Visa, MasterCard, American Express, and Discover. We sort of suspected something like this would happen, and Google has managed to do it by making Wallet payments partially cloud-based, as opposed to a fully embedded system.
This means Wallet will work offline for the actual payment (it stores an encrypted card ID in the NFC chip), but does require an active internet connection if you want switch payment options or add a new one. Your card should stick in the system once selected, and as long as it is selected, payment should continue to work offline. Read More