Posts Tagged: mobile-payment

PayPal has launched its own mobile payment solution, PayPal Here. The new service includes a free application and a secured card reader attachable to the mobile phone, transforming any iPhone – and soon, any Android smartphone – into a mobile payment solution. Along with PayPal Here, PayPal has launched the latest version of PayPal Mobile for iPhone, complementary application with PayPal Here, available for free in App Store.

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IDC Financial Insights recently released a new report, which analyzes the mobile payment and mobile banking space in the Europe, the Middle East, and Africa region. The research group highlights that the mobile commerce payments market still has a long way to go before any serious impact will be felt by consumers or by the retail industry.

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Visa and DeviceFidelity are working to allow iPhone users to make payments by simply waving their iPhone in front of a contactless payment terminal. The new technology, developed by DeviceFidelity and certified by Apple, combines a protective iPhone case with a secure memory card that hosts Visa’s contactless payment application, called Visa payWave. The technology will work for both iPhone 3GS and iPhone 3G devices.

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VeriFone announced PAYware Mobile, a payment solution for the iPhone that brings card processing capabilities to small businesses.

PAYware Mobile includes a PA-DSS approved payment app and a card reader that slips over the iPhone to accommodate card swipes. It utilizes a secure magnetic stripe read-head and firmware certified to the Federal Information Processing Standard FIPS 140-2. Card details are immediately encrypted during the card swipe process, meaning no sensitive data ever reaches the payment app.

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