BankTech

Proxama Partners With Cryptomathic, NFC vs. iBeacon, Square partners with Product (RED), Big News Is Expected From Samsung, Payment News

MEDICI

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.

Sourcelink for reading more

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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