If you’ve got a debt to pay, a bill to split or a reward to give, you no longer need to dig out your wallet or bother with notes and coins—your smartphone is perfectly capable of sending money to friends and relatives with just a few taps.
A report in Recode today suggests that Apple is planning to bring Apple Pay to websites later this year, which will let you buy stuff online with your iPhone. An incremental change to a marginally popular payment service doesn’t sound exciting, but it’s arguably the biggest payment move Apple has ever made.
Earlier today, a very dull press release from Visa announced an actually important thing: the world’s largest payment processing network is opening up to developers. Yawn all you like, but this is big news.
In case you weren’t already inundated with payment options, LG apparently thinks you could use one more. A new leak suggests that LG is ready to enter the payments world, but unlike its biggest competitors Apple, Google, and Samsung, LG will not be using smartphone technology to power your payments. Instead, the…
Apple Pay will now work with PayAnywhere, a card reader that attaches to mobile devices to accept NFC and magnetic stripe payments. That means Apple’s contactless payment solution will now work in 300,000 more places in the US, and we’re one step closer to the walletless utopia.
Do you like your face? Then you’re going to love MasterCard’s new ID Check security system. The experimental feature uses your camera’s front-facing camera and facial recognition technology so that you can pay with your face. MasterCard thinks millenials will love it.
Get ready to pay with your iPhone at the flea market, because the company just announced a mobile Apple Pay reader built by Square. Apple also announced a whole host of new big box stores that will accept Apple Pay. And to top it all off: Passbook is now called Wallet.
“I’d like to pay with Google.” Say that phrase at a shop’s register, and you could soon check out without even touching your wallet—or phone. It’s called Hands Free, and it comes on the heels of Google announcing its upcoming payments app, Android Pay, at I/O.
We suspected that Google would announce a new payments system at I/O, and we were right. Enter Android Pay.
Technology is a conquerer. The evidence can be seen in mounds of dead pagers, flip phones, and CDs. When companies and startups agree to kill something off, it’s usually not long for this world. But one piece of tech has become an unkillable cockroach—the credit card.
Your next Samsung Galaxy smartphone could have a neat trick up its sleeves. Just place your phone next to any ol' credit card reader, and press a button to pay. That's because Samsung just announced that it's buying LoopPay—a company that figured out how to trick magnetic stripe readers to accept your money wirelessly.
The Poynt Smart Terminal is like a one-size-fits-all payments system. It has an NFC antenna, a magnetic swipe reader, a Bluetooth antenna, a QR code reader, a printer for receipts, and even an Android tablet to boot. So not matter how the future of payments pans out, you'll be able to get your dang cup of coffee.
A nifty new payment system is not without its quirks. A few early adopters who used Apple Pay to stock up on Halloween candy ended up getting charged two times per transaction. For now, however, it only seems to be those who used Bank of America debit cards.
Remember Coin, the card that promised to put all your credit cards on one handy chunk of plastic, and then suffered from substantial setbacks that may make it useless by the time it comes out? Well now it has a competitor. This is Plastc, another upcoming supercard with some seriously big promises that will be even…
Passwords are almost undisputedly broke: seemingly every month, a different major online service gets hacked, along with all your credit card details (and a few celeb's personal photos). A Canadian startup thinks it has the solution: using your heartbeat as the authentication method.