LG to Launch NFC Payment System in 2012
LG today announced plans to debut a mobile payment system across Europe that makes use of near-field communications. The system would be distributed to European retailers and would enable users of LG mobile phones in those markets to make payments with their phone. Speaking to Reuters, Jin-Yong Kim, vice president for business solutions at LG's Home Entertainment division, said, "The point-of-sale technology, which will be targeted at small and medium-sized businesses and will involve NFC or near field communications and cloud computing, is currently in beta testing. It will be launched next year." LG did not announce any specific plans to bring this technology to the U.S. Google recently added support for NFC to its Android platform, which will support mobile payments. Additionally, a number of handset makers and wireless network operators formed a joint venture in 2010 called Isis, which is meant to bring NFC-based mobile payments to retailers in the U.S.
Target Adds Mobile Payment Feature to its App
Target today made it possible for people to make in-store payments with their smartphones through the Target mobile app. Similar to Walmart’s offering, shoppers can link their debit cart to the new Wallet function within the Target app.
Microsoft May Give Windows 10 Mobile Payments
Microsoft is weighing what to do with the mobile wallet app that's part of the Windows 10 Mobile platform. The operating system already has a basic wallet app (since Windows Phone 8) for storing credit card and loyalty card data, but it stops short of making mobile payments.
Verizon Talks Up Android Pay, Says Still Looking at Samsung Pay
Verizon Wireless today took the time to tout the benefits of Android Pay, the new mobile payment app and service from Google. Android Pay is a relaunch of Softcard, which Google bought from Verizon (and AT&T/T-Mobile) earlier this year.
Samsung Pay to Add Online Payments Next Year
Samsung plans to expand Samsung Pay in 2016 to more devices, more retailers, and more markets. Wider "handset availability of Samsung Pay as well as online payment support is coming soon," said Samsung Pay exec Thomas Ko, speaking to Reuters.
Qualcomm to Add NXP Secure Element to Snapdragon Chips
Qualcomm today announced that it will use technology from NXP to help bring NFC-based mobile payments across more phone makers. Specifically, Qualcomm plans to add NFC and embedded secure elements *(eSE) across its Snapdragon 800, 600, 400, and 200 series processors.