Google, MasterCard, Citigroup Team on NFC-Based Payments
According to sources cited by the Wall Street Journal, Google is partnering with MasterCard and Citigroup in hopes of launching a near-field communication (NFC)-based mobile payment system for its Android phones later this year. The Journal's sources say that the system will work with one existing Android device, the Samsung Nexus S, and many Android handsets that are yet to come. VeriFone will also play a role, providing the mobile payment terminals at retail locations across the country. Google will not take a piece of the transaction, but it will gather and analyze end-user data in order to sell more effective advertising to local merchants. The Nexus S has an NFC chip inside, and Android 2.3 Gingerbread supports NFC systems. The Journal's sources didn't say exactly when the NFC-based payment program would launch. RIM has committed to adding NFC to future BlackBerries. VeriFone CEO Doug Bergeron told the Journal that Apple will add NFC capabilities to future versions of the iPhone, though Apple has not announced any such support.
Capital One Adds NFC-Based Payments to Android App
Capital One today added tap-and-go mobile payment powers to its Android application, independent of services such as Android Pay or Samsung Pay. Capital One cardholders can add their debit card or credit card to the Capital One Android mobile app and make secure payments anywhere contactless payments are accepted.
Android Pay to Gain Loyalty Rewards, Other Promotions
Google said customer loyalty programs and other consumer-facing benefits are headed to Android Pay. Speaking at a finance conference in Las Vegas, Google's SVP of ads and commerce, Sridhar Ramaswamy, said the service has signed up "millions" of people since launch.
Samsung Pay Expands to Mexico
Samsung today said its Samsung Pay mobile payment service is now available in Mexico. According to Samsung, its touch-and-go payment tool is accessible in 20 markets around the world, including the U.S.
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.
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.
One of thse companies is not like the other....