Walmart Tests iPhone App for Scanning Purchases for Checkout

Wal-Mart Stores Inc is testing a system that would allow shoppers to scan items using their iPhones and then pay at a self-checkout counter, a move that could trim checkout times and slash costs for retailers. If the "Scan & Go" test by the world’s largest retailer is successful, it has...

Mobile Payment for iPhone to Launch in South Korea

South Korea’s telecom titan KT Corp. said Monday that it will roll out a new service for Apple Inc.’s iPhone, which will turn the smartphone into a mobile wallet for wireless financial transactions. The country’s second-largest mobile operator plans to introduce a new smartphone case for...

40% of European Smartphone Buyers Plan iPhone Purchase

A  recent survey, entitled, “2011 European Mobile User Study” found that 40 percent of consumers who intend to buy a smartphone as their next mobile device will choose an iPhone. Android-based devices come in second (19 percent), followed by BlackBerry (17 percent) and Nokia (15...

Apple and Square to Partner for iPhone 5 Mobile Payments?

One of the most common iPhone 5 rumours is about Near Field Communication (NFC), the technology that allows mobile payments with a wave or “tap” of a device. Jack Dorsey, the founder of Twitter and mobile payment company Square, is now officially available in the iPhone store. Radu Tyrsina at IT...

CHARGE Anywhere Releases Mobile POS Payment App for iPhone

CHARGE Anywhere, a provider of mobile payment solutions and payment gateway services, has released  CHARGE Anywhere for iPhone, a mobile payment application for iOS devices. CHARGE Anywhere offers three Magnetic Stripe Readers (MSR); An audio jack MSR, a receipt printer with an integrated MSR and an MSR...

Qualcomm iPhone Chip to Incorporate NFC Technology

According to two people with knowledge of the inner workings of a coming iteration of the Apple iPhone — although not necessarily the next one — a chip made by Qualcomm for the phone’s processor will also include near-field communication technology, known as NFC. This technology enables short-range...

Many Financial Institutions Favor iPhone for Banking App’s, Says Analyst

While Android has made huge strides against the iPhone in terms of smartphone usage,according to Aviva Litan, an Analyst at information technology research and advisory company  Gartner, Inc., banks are more comfortable with the iPhone for their banking apps. And even then, she writes, the mobile apps that...

ProPay Releases Mobile Payment App for Smartphones

ProPaym which provides merchant services, end-to-end payment security, credit card processing, and electronic payment services, has introduced its new social mobile payment (m-payment) platform, provisionally named Zumogo,  during the 2011 Sundance Film Festival. Zumogo is a mobile payment application that...

NFC for Apple iPhones and iPads Could Disrupt Mobile Payment Industry

Apple could cause some serious disruption in the mobile payments market if it enters that arena as reported, say analysts. Reports noted earlier this week that Apple is planning to embed Near-Field Communications NFC technology into its next-generation iPhones and iPads. What’s likely to make...

Visa and Wireless Dynamics to Introduce iPhone Contactless Payment Solution for Europe

Visa Europe and Wireless Dynamics Inc. have developed a mobile contactless payment solution that will bring Visa contactless payments to iPhone users across Europe. The solution relies on Wireless Dynamic’s iCarte accesory. iPhone users simply attach the Wireless Dynamics iCarte, available through...

iPhone and iPad Will be Equiped with NFC for Mobile Payments, Says Consultant

Apple Inc. plans to introduce services that would let customers use its iPhone and iPad computer to make purchases, said Richard Doherty, director of consulting firm Envisioneering Group. The services are based on “Near-Field Communication,” a technology that can beam and receive information at a...

Verifone’s Credit Card Swipe System for iPhone to be Marketed by Elavon

Elavon, a wholly-owned subsidiary of U.S. Bancorp, will market and support VeriFone Systems, Inc.’s PAYware Mobile secure card payment system for the Apple iPhone. The solution transforms the iPhone into a mobile payment device with a card encryption sleeve that allows merchants to capture data via...