February 21, 2014
Payment Industry News for today from our News Aggregation wing
1. lse.co.uk - Proxama Partners With Cryptomathic To Make Mobile Payments Easy
Proxama PLC Thursday said it has partnered with security software provider Cryptomathic to launch EMV Tokenised Transaction, a tool that will enable contactless payments to be made. Whereas previously contactless payments with a mobile device depended on devices such as SIMs, Proxama said its new payment method can be used to enable existing mobile applications with a new software-based security infrastructure that works across debit, credit, pre-paid and gift card schemes.
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2. Digitalsignagetoday - NFC vs. iBeacon: How do they really stack up?
Near Field Communications, or NFC, is a powerful consumer engagement technology that has taken a massively bad rap over the past two years. Many dismissed it when Apple didn't put it in the iPhone 5. Then, the slower-than-projected adoption of NFC-based mobile payments prompted some to proclaim NFC dead. Apple's Airpass feature, a peer-to-peer communication capability released in iOS7, raised additional doubts about NFC's viability and now Apple's iBeacon feature, another iOS7 capability, has whipped the press into an anti-NFC frenzy.
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3. Appleinsider - Mobile - Enabling Technologies payments: Square partners with Product (RED), Loop Fob lets you pay wirelessly
Mobile commerce leader Square and U2 frontman Bono's Product (RED) charity have teamed up to offer a special red edition of the company's credit card reader they are calling SQUA(RED). Merchants can order the crimson-colored dongle for $10, $9.73 of which will go directly to The Global Fund to fight AIDS, Tuberculosis, and Malaria.
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4. Thestreet - Big News Is Expected From Samsung Next Week
The next few days could be very busy ones for Samsung. If all the rumors/leaks/educated guesses are correct, the Korean electronics giant will be announcing its next generation flagship Android smartphone, a redesigned smartwatch, a 64-bit mobile processor and possibly a new mobile payment deal with eBay's (EBAY_) PayPal division. The Mobile World Congress industry show in Barcelona, Spain, begins early next week with a full slate of announcements from many companies and a keynote address on Monday from Facebook's (FB_) CEO Mark Zuckerberg.
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