Tag: Verizon mobile payments

Citigroup encourages banks to invest in various NFC projects to help promote mobile commerce

Stephen Vagus
Mobile Payments

With more banks and other financial institutions throwing support behind NFC technology, the coming shift toward mobile-based commerce seems inevitable. While the concept of paying for everything with a smart phone has yet to win the hearts of consumers, Citigroup Inc, a multinational financial services corporation, is encouraging more companies to invest in NFC-powered mobile wallets that will make mobile commerce possible. The company asserts that consumers will choose whatever platform they are most comfortable with and believes that financial institutions should participate in as many mobile wallet projects as…

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PayPal expects to see mobile payments rise to $3 billion by the end of the year

L. Green
Mobile Commerce

E-commerce giant PayPal has taken offense to Google’s mobile wallet initiative, claiming that the idea infringes upon a concept that PayPal had already been developing. PayPal has long been the dominate force on the Internet when it comes to e-commerce. Now, however, its position is being threatened by a wave of companies seeking to make use of NFC technology to stake their claim in the emerging marketing of mobile commerce. Many of these newcomers are already established in the world of technology, such as Google, and mobility, such as Verizon.…

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