35 Million Phones Sold in 2011 Can Make NFC Mobile Payments

According to a new report by IMS Research, a leading independent supplier of market research and consultancy to the global electronics industry the number of Near Field Communications (NFC)-enabled phones shipped in 2011 totaled 35 million globally. IMS Research forecasts that significant market events and...

Google Wallet and the New Payment Ecosystem

When the Google Wallet launched on September 20, 2011, the first test of a remarkable new financial ecosystem began. But despite the apparent success of traditional mobile payments products like M-PESA in Kenya and South Africa, Google and rival Isis have decided to rewrite the business model – and...

Merchants – How to Accept Google Wallet

If you’re a small or medium-sized business, if you can’t already accept contactless payments today, you’ll need to upgrade your system, which is likely out of date with the latest technologies. First data offers updated systems so you’ll be able to accept Google Wallet, other contactless...

Google Wallet is Now Available!

Google has announced the availability of Google Wallet for the Sprint Nexus S 4G: “Google Wallet has been designed for an open commerce ecosystem. It will eventually hold many if not all of the cards you keep in your leather wallet today.” “And because Google Wallet is a mobile app, it...

Why Google Wallet Will Own the Mobile Payment Space

Almost four months after Google first revealed its new mobile payments application, Google Wallet, the app is finally rolling out to the masses this week. Unfortunately, only a few smartphones – including the Samsung (SEO: 005930) Nexus S and Nexus S 4G – currently have the revolutionary chip built in....

Google Launches Mobile Wallet

In May Google announced its mobile wallet, which uses NFC for tap and pay, in collaboration with Citi, MasterCard, Sprint and First Data. According to a recent blog post, Google is releasing the first version of the app to Sprint, so Google Wallet will be available on Sprint Nexus S 4G phones. With the...

MasterCard Demonstrates Google Wallet for Mobile Payments

MasterCard demonstrated the Google Wallet application, which is scheduled to launch soon.  Running on Sprint’s Nexus S 4G — with a planned expansion to multiple devices — users can connect a Citi MasterCard account to the service, and tap-to-pay at any retail location outfitted with a...

Report Says ISIS to Invest $100M to Challenge Google Wallet

With summer days dwindling, Google (NASDAQ:GOOG) has less than two weeks to make good on its pledge to launch its Google Wallet mobile payment service. Google Wallet is a mobile application service that will let owners of Sprint’s Samsung Nexus S 4G smartphones use their phone as a wallet at some 20...

Google Wallet and Retail NFC Mobile Payments Ignite Buzz, Says ABI Research

Recent developments in contactless payment technology are generating renewed interest, and suggest that the long-delayed dream of comprehensive contactless payment systems may finally be approaching reality. The introduction of Google Wallet and the expectation that several new NFC-enabled smartphones will...

Mobile Payment Startups

Venmo was founded by under 30-year-old entrepreneurs Andrew Kortina and Iqram Magdon-Ismail in Philadelphia. Fewer people carry cash these days and Kortina and Magdon-Ismail saw this as an opportunity to tackle the simple problem that comes with paying back friends and family while on-the-go. Venmo lets...

Visa’s Plan to Dominate Mobile Payments

It’s no secret that credit card companies are shelling out big bucks and aggressively forming partnerships and deals to start cashing in on the mobile and digital payments innovations currently taking place. American Express, which recently debuted its own digital payments product Serve, has been...

Mobile Banking Markets and Opportunities Report Announced by Research and Markets

Research and Markets  has announced the release of a new report, entitled “M-Banking Markets and Opportunities.” Mobile banking refers to a client-server system that is specifically designed for mobile devices, allowing banking customers to use handheld devices to...

10 Reasons Why Google Wallet Will Fail

Google Wallet is the search engine’s ambitious play to push mobile payments into the mainstream. When the service goes live in New York and San Francisco this summer, users will download the Google Wallet application from the Android Market and provision either a Citi MasterCard or Google prepaid card...