Ericsson Dishes Out its Own Mobile Payment System
Telecom gear provider Ericsson today announced a completely home-grown mobile payment system. Ericsson Money Services is a new business line for Ericsson which it says will be used to facilitate person-to-person and person-to-machine payments via mobile devices. The product is a complete system that network operators, financial institutions and handset makers can implement for seamless mobile payments. Ericsson says it has been trialling the system in European and Asia markets and that it meets all relevant legal, safety and security requirements. Ericsson says payments can be sent via SMS or other avenues, depending on the network operator and financial institution.
Google, PayPal Extend Mobile and Online Payment Partnership
PayPal today said it has deepened its relationship with Google and Google Pay in order to make it easier for people to make payments from their mobile devices and on the web. PayPal says people who add PayPal to any of Google's services will be able to pay across the entire Google ecosystem anywhere PayPal is offered as a payment option.
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.
Apple and Ericsson Sign Patent Accord, Settle Lawsuits
Apple and Ericsson have signed a patent-licensing agreement and put an end to on-going patent litigation between the two. Ericsson said the deal is broad and covers 2G, 3G, and 4G LTE technologies.
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.