Bank of America snubs NFC in favor of alternative

Bank of America mobile payments

Bank of America testing new mobile payment system Bank of America has chosen to abandon NFC technology in favor of a new, image-based technology it is currently testing. The system that the bank is testing is designed to be a mobile commerce solution that is an alternative to NFC technology. The system seems to have an immediate appeal to retailers interested in mobile commerce as it requires them to share nothing more than a simple image with consumers. This removes the need for expensive hardware and could win the support…

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QR codes central to Royal Canadian Mint’s challenge winner

QR Codes Mobile Payment System

MintWallet won the $50,000 prize with its Windows Phone app. The challenge created by the Royal Canadian Mint was designed in order to encourage the development of an app that will clearly illustrate the advantages of using digital funds over actual cash, and was met with a winner that used QR codes as the heart of its functionality. The winning app, called MintWallet, offers several digital cash transfer opportunities. Among those features are the ability to request money from another party or to send money. It is based on a…

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QR codes used by Garanti Bank in first Romanian mobile payments launch

Garanti Bank QR code mobile payments

Consumers in Romania will be able to complete purchase transactions with their smartphones. One of Romania’s most innovative and dynamic banks, Garanti Bank, has announced that it will be launching QR codes that will allow its customers to make purchases through mobile payments, using the technology and services of Seamless, a Swedish company. The new partnership between these two companies will bring about SEQR mobile payments. This service will be available to the Romanian market and will be based on QR codes. It is currently in the stage of a…

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