mobile payment news Archives

Mobile payments are just getting started, says Tim Cook

04/30/201304/29/2013 Jennifer Goula

The Apple CEO was quoted to say that the technology and its use is still “in its infancy”. CEO of Apple, Tim Cook, has revealed that while he does see a future for mobile payments, its current status remains an immature market, which has led many in the technology industry to believe that his company is not planning to make any considerable moves into that sector within the near future. The CEO feels that the market is only just taking its first baby steps and that it is far from…

Visa introduces new mobile wallet payment system

05/01/201205/01/2012 John Montgallo

Visa enters into the arena of mobile commerce with new payment service Credit giant has announced that it will be launching a new mobile payment service this year. The company has taken a keen interest in NFC technology recently, believing that mobile commerce will become the predominant form of commerce in the world. Visa is not alone in this belief; many other credit institutions and telecommunications companies have also begun developing mobile payment systems in preparation for the proliferation of NFC-enabled mobile devices. Many of these companies are competing to…

eBay mobile payments lead to solid Q1 2012

04/20/201204/20/2012 Jennifer Goula

eBay has reported double digit increases to its mobile payment income through Marketplace and PayPal. Leader in global commerce and mobile payments, eBay Inc. has announced that its first quarter revenue for 2012 was $3.3 billion, which is an increase of 29 percent when compared to the same time last year. The eBay first quarter report indicated that the company saw a GAAP net income of $570 million, which translates to $0.44 per diluted share. It also stated that its non-GAAP net income was about $0.55 per share, at $725…

Texas Instruments unveils NFC transceiver with smallest power for better design development and data transfers

08/16/2011 Stephanie Beck

Texas Instruments Incorporated has announced its development of the near field communications (NFC) transceiver with the lowest power, changing the way the industry looks at ultra-low-powered contactless short-range communication. When compared to the competition, this new device, called the TRF7970A, extends the life of the battery up to twice as long. This is because it provides the user with eight power mode options, ranging from The transceivers have software that is easy-to-configure, so that developers can rapidly begin their work. Developers are also capable of accessing all of the control…

Visa’s strategy for mobile payment domination

08/09/201108/09/2011 Sam Lambert

Credit card and other large companies are diving into mobile and digital payment technologies head first, forming aggressive strategies with purchasing and partnerships in order to ensure their space at the top of the game. Both American Express and MasterCard have been making deals and have been choosing the technologies that they believe will lead the way for mobile payments. Visa has also made as series of significant moves recently, which include the assumption of an advisory position in Square (a disruptive startup), the $110 million acquisition of Fundamo (a…