MasterCard Location-Based Soln, PayPal, Samsung try biometrics, Bitcoin future in doubt…

Payment Industry News for today from our News Aggregation wing

1. Hothardware - MasterCard Tests Location-Based Mobile Payment Approval System

When it comes to mobile payments, security is an obvious concern. In fact, even the more standard forms of payment are facing all sorts of new security issues these days. In a bid to help things, MasterCard and Syniverse have partnered to test out a new mobile payment methodology that would tap into a phone's GPS in order to approve or deny a given purchase

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2. Westport news - Incentives are coming for payments by phones.

BARCELONA, Spain (AP) — Many people use their smartphones to watch video, play games and wake them up in the morning. Some even use them to generate digital boarding passes to fly. So why not use phones to buy stuff at retail stores as well?

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3. Tradearabia - PayPal, Samsung enable biometric mobile payment

PayPal and Samsung have announced a collaboration that will make Samsung Galaxy S5 users the first to be able to login and shop at any merchant that accepts PayPal on mobile and in-stores with only their fingerprint.

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4. Money.Cnn - Mt.Gox site disappears, Bitcoin future in doubt

he Bitcoin-trading website Mt.Gox was taken offline late Monday, putting at risk millions of dollars put there by investors who gambled on the digital currency. The exchange also deleted all of its tweets, and Mt.Gox CEO Mark Karpeles resigned from the Bitcoin Foundation's board of directors on Sunday.

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