Mobile payments adoption remains somewhat slow despite promising potential

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Mobile payments are growing more popular, but adoption is not as high as companies would hope Mobile payments have gained a great deal of popularity in recent years, but adoption may not be growing as quickly as some may believe. Several companies have become involved in the mobile payments market, but they are finding it somewhat difficult to attract consumers to their new payment services. This has been the case for Apple and Google, whom have already established a foothold in the payments market, but have encountered difficulties when it…

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Google’s mobile payments platform is now FDIC-insured

Google Wallet Mobile Payments

Google wins FDIC coverage for its mobile payments service Those using Google Wallet are in for some good news. Funds associated with the mobile payments platform are now insured by the Federal Deposit Insurance Corporation (FDIC). This federal organization provides insurance coverage for funds held by banking institutions up to $250,000. This means that if Google Wallet were to be dissolved entirely, those using the service will not lose the funds they have stored on the platform. Google Wallet now has insurance coverage for its funds Google Wallet is one…

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Google confirms new mobile payments framework called Android Pay

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Google has announced details concerning Android Pay project at the Mobile World Congress Google has confirmed that it is developing a new mobile payments structure, which will be called Android Pay. Rumors concerning this new project have been circulating for a few weeks, but Google had been secretive with its plans concerning the new initiative. During the recent Mobile World Congress, Google announced the Android Pay project, which aims to serve as a platform that anyone can use to develop a mobile payments system. Android Pay will initially support mobile…

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Google may be launching new mobile payments API

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Google could introduce the Android Pay API at its upcoming event in May Google is preparing to make another move in the mobile payments sector. The company recently announced that it had acquired Softcard, a mobile commerce firm, which could help its struggling Wallet platform find some traction with consumers. The company is now expected to introduce a new mobile payments API at its annual Google I/O event at the end of May. The API is called Android Pay, and may have a major impact on Google’s position in the…

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Softcard packs in its mobile wallet

softcard mobile wallet

The struggling payments app announced its shutdown only days after selling its tech and intellectual property to Google. Only a few days after having announced that it would be selling all of its technology and intellectual property to Google, Softcard has now revealed that it will be shutting down, completely. This joint venture among Verizon Wireless, AT&T Mobility, and T-Mobile USA faced too many obstacles. The team at Softcard is now recommending that Android users who had enjoyed their mobile payments application should now make the move to the Google…

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