Mobile wallets may be arriving sooner than expected

mobile wallets

This is placing greater pressure on retailers to upgrade their point of sale terminal security. Though mobile wallets and other types of payment systems have been dragging their heels in the United States, falling short of many expectations, the launch of ISIS in Austin and Salt Lake City could propel the adoption of the service forward. This could make it even more important for retailers to meet their upgrade deadlines. So far, the launches of the leading mobile wallets have been based on near field communication (NFC) technology. This means…

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Isis to be trialed in Aramark cafeteria in New Jersey

Isis finally goes on trial An Aramark cafeteria located in Verizon Wireless’ headquarters in Basking Ridge, New Jersey, will be the first place in the U.S. to official trial the Isis mobile payment platform. Isis has become one of the most hyped and anticipated mobile commerce platforms to date. The platform represents a partnership between AT&T, Verizon Wireless, and T-Mobile, and is expected to be the most prominent platform in the burgeoning mobile commerce industry. After years in development, the platform will finally be tested in a commercial setting. Mobile…

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New mobile security mechanism could benefit m-commerce

Mobile Security

Mobile security continues to be a serious issue for m-commerce As mobile commerce gains ground with consumers, concerns regarding mobile security are becoming more serious. These concerns are becoming impossible to ignore as more companies enter the highly competitive m-commerce arena, vying for the favor of mobile consumers. Driven by NFC technology, m-commerce is expected to become a massive industry. If mobile security issues continue to go unresolved, however, the industry may be setting itself for catastrophic failure in the future. Researchers develop new mobile security verification mechanism Researchers from…

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Panasonic to launch a new flagship smart phone to embolden presence in European market

Panasonic Eluga

  Panasonic is taking a bold step toward establishing its presence in the European market by announcing its new flagship mobile device for the region. Called Eluga, the smart phone features a great deal of fancy technology and built-in applications. It is also waterproof up to a depth of six-to-eight feet. The phone will have a powerful processor capable of handling most of its processes with ease. Panasonic believes that the phone will do well because of these features, but claims that consumers will come to love the phone because…

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LG upgrades smart phone with NFC capabilities, gives consumers the ability to make their own tags

Optimus LTE Tag

Famed telecommunications and mobile technology company LG has upgraded their LG Optimus LTE Android smart phones to be fully capable of interfacing with NFC technology. The move comes as NFC grows in popularity amongst consumers. Telecommunications companies have to respond the rising demand for the technology or risk being left behind by competitors. As such, LG’s latest upgrade to their mobile platform will enable consumers to make use of NFC technology in a way that other companies do not support. The Optimus LTE will be able to recognize NFC tags…

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Sequent Software develops new technology that will let almost everyone adopt mobile commerce

NFC technology mobile payments

Telecommunications and technology companies, along with financial institutions, have been locked in a battle to establish dominance in the budding mobile commerce industry. The industry relies heavily on NFC technology, which allows consumers to make purchase from their mobile devices. Consumers have responded well, thus far, to the prospect of their mobile devices becoming a payment platform, but there is a problem keeping mobile commerce from mass adoption. The problem is that NFC technology is available only to a precious few smart phones – those equipped with microchips that allow…

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Pilot program from PayPal allows Home Depot customers to pay with a mobile wallet

Home Depot Mobile Wallet

PayPal, an eBay company, is preparing to make its first announcements about a new partnership that it has started with Home Depot Inc., which will allow the home improvement chain’s customers to use its new mobile wallet system to pay for purchases, in direct competition with credit cards from Visa Inc. and MasterCard Inc. According to a PayPal spokesperson, Anuj Nayar, this new deal between the two giants represents the first time that PayPal has achieved a retail partnership that will allow consumers to make payments using e-commerce tools at…

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Mobile payment isn’t being adopted as quickly as originally anticipated

Mobile Payments

Though many major international companies such as Google, banks, payment processors, and retailers such as Toys R Us and Gap, are working together to offer customers the ability to use their mobile devices to pay for their purchases, a recent KPMG study is showing that it will still be another few years before the payment method truly goes mainstream. In fact, the study’s results indicate that only 23 percent of consumers are currently willing to use their smartphones to complete a payment transaction instead of cash, credit, or debit. Within…

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Verizon Wireless shuns Google’s Wallet – hope still lies with Sprint

Mobile Commerce

Telecommunications giant Verizon Wireless has announced that it will not support Google’s ambitious mobile payment applications, called Google Wallet. Verizon is set to compete with Google for control of the emerging mobile commerce industry. The company is part of a triumvirate, which included AT&T and T-Mobile, which is working to build the mobile payment platform known as Isis. With Verizon choosing not to support Google’s platform, the technology company’s last hope remains with Sprint. Google has worked hard to promote its mobile payment platform and consumers have shown some favor…

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South Korea to test NFC payments in busiest market in the nation

MyeongDong Street South Korea Mobile Commerce

NFC-powered mobile wallets are getting their first large scale, real world trial in Seoul, South Korea. The city is home to one of the busiest marketplaces in the world, known as Myeong-Dong Street. Hundreds of shops line the street, making it a prime testing ground for the performance of mobile payments. The Korea Communications Commission has teamed with several telecommunications companies, such as Samsung and Nokia, to bring NFC terminals to more than 200 stores lining the street. Smart devices are becoming very popular in South Korea. The number of…

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Olympic Games may be the proving ground for NFC mobile commerce

2012 Olympics

The 2012 Olympic Games in London may become a fervent proving ground for mobile commerce. The UK is in full swing in preparing for the Summer Games and has targeted contactless payments as a viable way of crowd control and convenience. Several telecommunications and financial services companies are working together to promote NFC technology throughout Europe and are hoping that the technology takes root with foreign leaders as they visit the UK. Apple, Visa and Nokia will all be present for the Summer Games to promote NFC-driven mobile commerce. The…

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