PayPal’s Challenge; Samsung & Paypal's Payment Solution; Apple's Mobile Payments; Virtual Currency for Docs

Payment Industry News for today from our News Aggregation wing

1. Smartcompany - PayPal’s challenge in the mobile digital wallet wars

Increasingly, consumers are opting to pay for purchases with near-field communications (NFC) based touch-and-go payment systems. It’s a precursor to one of the next great technological battles: NFC-based smartphone payments. One of the challengers for the future of payments will be the eBay-owned online payment provider PayPal. Over at Forbes, Steven Bertoni takes a look behind the scenes of their battle for smart payment supremacy

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2. Bgr - Samsung, Paypal may secretly be working on joint mobile payment solution

Details are scarce at the moment, but Samsung and PayPal may secretly be working on a joint mobile payment solution that will launch sometime in the future, SamMobile reports, noting that it’s unsure whether the two companies will actually announce anything in the coming months. Samsung is going to unveil the Galaxy S5 next week in Barcelona, though, so an announcement could be made then.

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3. Opptrends - iBeacons – Apple Inc. (NASDAQ:AAPL) moving into Mobile Payments

America was taken by storm when the first credit cards were introduced back in 1950. It presented the opportunity for consumers to purchase new products without putting money upfront in the traditional form of cash. Payments using non-cash has long been dominated by the Big Four credit card issuing firms: Visa Inc (NYSE:V), Mastercard Inc (NYSE:MA), Discover Financial Services (NYSE:DFS), and American Express Company (NYSE:AXP). Anyone who has a bank account and has a debit or credit card knows these brands and how they work.

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4. Fiercehealthit - Is virtual currency the future of how docs get paid?

A number of medical professionals in the United States now take payment by Bitcoin. Yes, that Bitcoin--the controversial peer-to-peer open source digital currency network tech blogs constantly cover, with crashing and surging value. Healthcare IT News talked to a few physicians who are interested in accepting Bitcoin from patients or already have done so. Read more: Is virtual currency the future of how docs get paid?

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