Visa and Bank of America to Trial Mobile Payments in NYC
Starting in September, Visa and Bank of America plan to trial the use of smartphones to make purchases in stores. The pilot, which will be held in the New York City area, will make use of NFC (near field communications) chips that are installed into phones. The NFC chips will contain the necessary banking data so that when it comes time to make a purchase, users can simply tap their phone against an NFC reader, which will collect what it needs to process the sale. The trial will be limited in size, but will run through the end of 2010. Visa and Bank of America didn't explain which carrier or what phones will be used, nor how the chips will be installed. Earlier this year Reuters reported that, T-Mobile, Verizon Wireless, AT&T, and Discover Financial have their own plans to trial mobile payment systems.
Microsoft Wallet Gains Tap-to-Pay Functionality
Microsoft today updated its Microsoft Wallet app and gave Lumia smartphone owners the ability to make mobile payments at supporting retailers. Windows Mobile has long included a Wallet app, but until today it was reserved for loyalty cards and other retail programs.
Samsung Kicks Off Beta Testing for Samsung Pay
Samsung is inviting a select number of people to beta test Samsung Pay in the U.S. In order to trial the mobile payment platform, consumers need to have a Galaxy S6, S6 Edge, S6 Edge+, or Note 5 smartphone.
Mastercard Adds Retail Mobile Payments to Bank Apps
Android owners will soon be able to use their own mobile banking app — rather than Android Pay or Samsung Pay — to make tap-and-go payments in stores. Mastercard has expanded its Masterpass program to mobile devices so consumers can make contactless payments at various retailers.
Several Banks Add Android Pay to Their Own Apps
Google has partnered with a small number of financial institutions in order to ease the process of signing up for Android Pay. Several banks, including Bank of America, Bank of New Zealand, Discover, mBank, and USAA, now let customers add debit/credit cards directly to Android Pay from within the mobile banking app.
Mobile payments & Mobile DTV on my next smartphone please!
Well hopefully both mobile payments & mobile DTV will be ready for primetime when I buy my next smartphone. I don't even qualify for an equipment upgrade until November of next year. So I'll be watching closely!
I can't wait for the first incidence--