Contactless smart cards have been touted for their speed and convenience. But does the technology make it easier for pickpockets to be contactless, too? Experts say that although it’s possible for a fraudster to buy a card reader on eBay and use it to scan people’s pockets on a subway, there are numerous protection mechanisms […]

PayPal is suing Google for allegedly stealing its recently announced ‘Mobile Wallet’ technology. According to Newstatesman.com, PayPal contends that its former executive Osama Bedier packed up a few trade secrets when he left the company to become vice president of payments at Google. PayPal also claims that while still at Paypal, Bieder was in contact […]

SmartSoft, together with TurkCell, Turkcell Teknoloji and PlastKart, have unveiled Europe’s first MasterCard approved Trusted Service Manager (TSM) mobile solution for NFC payments. According to the partners, this announcement will help accelerate interest and deployment of NFC payment systems in Europe and the Americas. SmartSoft says the new mobile platform offers consumers a “secure, fast […]

Sony has made available free identity theft protection for all PlayStation Network users in the wake of the security breaches. The service is called AllClear ID Plus through an Austin, Texas-based based Debix. To qualify for the service you must have had an active PSN account by April 20, and you must enroll by the […]

Google announced the launch of two new mobile commerce services that the company says will revolutionize the consumer shopping experience. Dubbed ‘Google Wallet’ and ‘Google Offers,’ the new Android apps will work together to enable customers to pay for goods, use their loyalty cards and redeem coupons all in a single tap at the point […]

Star One Credit Union, the ninth largest credit union in the U.S., has signed an agreement with Tyfone to deliver next generation mobile banking services to it customers. Using Tyfone’s mobile banking technology platform, Star One will be able to offer customers NFC payments and other services such as account aggregation, rate watch, Regulation D […]

Square has come a long way, in fact with the company’s recent developments, it is challenging NFC as the payment technique of the future, according to PCmag.com. Here is a quick breakdown of how the companies compare. Square users will need an Android or iOS based smart phone, and they must invest $1 to purchase […]

iZettle has developed a new device that enables iPhone users to accept EMV chip card payments directly from their phone. Designed with small businesses in mind, the compact iZettle plugs directly into the base of the iPhone to accept payments. Once connected, the device automatically launches the iZettle payment app, which prompts the user to […]

Google is teaming up with Sprint Nextel to launch a mobile payments service using NFC technology on May 26, three people close to the project told Bloomberg. The sources say the service will let consumers with NFC-enabled Android phones from Sprint pay for goods and redeem coupons using only their handsets. The technology is currently […]

Transit and tourism solutions provider Applied Card Technologies (ACT) and digital payments company sQuid have inked an $87 million deal to form a new corporate umbrella, Smart Transactions Group. The two UK start-ups currently operate contactless smart card-based networks, and now share plans to launch NFC and mobile phone-based solutions in the near future. ACT […]