Facebook is taking on Square, PayPal, and Venmo with its own digital payments service. Starting today, Facebook Messenger will allow users to instantaneously transfer real money at zero cost.
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Apple is widely rumored to unveil a new NFC-based mobile payments service tied into the iPhone and iWatch later today.
But there’s a problem. In the aftermath of the Fappening, the massive iCloud breach that leaked nude and pornographic images of Jennifer Lawrence, Kate Upton and more, it’s bad timing. Apple’s name is synonymous in the news with security breaches right now. People may not want to trust the company with their financial data if Apple can’t even protect the nudes of celebrities.
So maybe Apple shouldn’t push payments during today’s big event. Or at least not at first. Maybe Tim Cook should apologize instead.
This week on the Cultiest of Casts: Steve Ballmer lands the perfect job; NFC and your iPhone make credit cards obsolete; iPhone 6 gets even faster data access; new photos give us our best look yet at a 4.7-inch iPhone 6; Apple wins their first Emmy; APPL stock hits an all-time high; and, behold, Podcasting turns 10! Oh, and it’s growing like crazy, too.
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In Germany, bank cards come with NFC chips that let you make small payments just by tapping your wallet onto the POS machine. You pre-load the chip with money from your bank account (only small amounts are allowed, because if you lose the card you lose the money) and spend it as cash.
So I finally see the point of NFC in a phone. And now I can have NFC in my iPhone, thanks to Incipio’s Cashwrap case.
A new Israeli start-up on the scene named ZooZ has founded a new SDK, which allows developers to implement an in-app payment system into their apps easier. To get the system implemented, all developers have to do is add three lines of code into either an Android or iOS app, which will then get things rolling. From there, customers who would like to purchase something from within the app can use Paypal or a credit card with ZooZ’s system. Check it out:
As a business owner, I love being able to take payments on my iPhone or iPad when I’m on the go — like at my booth during Seattle Comic Con. That’s one of the reason’s I’m a big Square fan. But while Square has a beautiful design and makes taking credit card payments a snap, it lacks a lot of features real businesses need.
Enter USAePay, which, like Square, also offers iPhone and iPad-compatible credit card readers. But together with their iOS app, USAePay provides many features Square doesn’t. And it’s for that reason, I decided to take USAePay for a spin; here’s what I found.
Paypal has finally made it into the mobile payment market after being beat to the punch by the likes of Square and Intuit. PayPal may be late to the party but they have a more recognizable name in the world of payment systems and that may just be enough to push them to the front of the line. Besides their name, they’re also offering merchants a 2.7% flat rate on transactions versus the 2.75% offered by Square. PayPal didn’t stop there either, launching a full on geometrical attack by choosing a triangle as the shape of choice for their card reader dongle.
Experts at the Intrepidus Mobile Security Group came across some interesting parsers definitions within Google Wallet’s source code that could hint at a possible iOS release. How Google actually plans on getting Google Wallet to work on a non-NFC/SE iOS device is another story, but for now, let’s take a look at the iOS definitions found by Intrepidus.