Tag: nfc near field communication

Report claims mobile commerce industry tied to the availability of NFC-enabled mobile devices

Stephen Vagus
Mobile Payments

A new report from GBI Research, a strategic intelligence and analysis firm covering a multitude of industries around the world, suggests that mobile commerce may be held back by the availability of NFC-enabled smart phones and other mobile devices. The report, titled Near Field Communication Market to 2016 – Increased Availability of NFC Embedded Handsets Key for Higher Market Penetration, covers a variety of topics concerning the progress of the mobile commerce industry and how telecommunications companies are affecting it. Notably, the report compares the various international standards governing the…

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Cryptomathic creates mobile wallet application that uses cloud computing as a security measure

Sam Lambert
nfc technology Mobile Security

In the world of mobile commerce, security is a serious issue. Many companies have begun investing and creating mobile applications that make mobile commerce possible. None, however, have been able to make an application that is adequately secure from hacking. Even acclaimed technology company Google has failed to provide a resilient service. Cryptomathic, an electronic security firm, now claims that is has created the first secure mobile wallet platform. The company recently released the application to consumers worldwide. The application, called Cloud Wallet, uses cloud computing as a way to…

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Square announces new mobile payment system built with small businesses in mind

John Montgallo
Mobile Payments for ipad

Square, a technology startup based in San Francisco, California, has launched a new mobile payment platform that may end up replacing traditional cash registers. The Square Register is a mobile application available for the iPad and allows users to make mobile transactions with their smart phones. Though Square is a relatively young company, it has managed to establish itself as a leader in the mobile commerce industry. The company processes more than $4 billion in payments annually. Now, Square believes its service could be a revolutionary tool for grocery stores,…

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Apple wins patent for iWallet, could become the leader of the mobile commerce industry

Stephen Vagus
iwallet

Surprising news from Apple has sent waves through the mobile commerce community. Apple has been the subject of speculation recently for their possible inclusion of NFC technology in their next iPhone and iPad mobile devices. This speculation is largely fueled by patents that had been introduced years ago. The company will be getting a lot of attention this week, however, because one of these patents has been awarded to the company, opening the way for its entry into the mobile commerce industry. This week, Apple was awarded approval for their…

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Visa announces payWave mobile payments provisioning service

Sam Lambert
Visa Mobile Payments News

Visa has unveiled a new level to their mobile payment system, payWave, which will provide an over-the-air smartphone provisioning service. The announcement was made in Barcelona at the Mobile World Congress, and according to the company, this new service is designed to make it simpler for banks, operators, and transit operators to connect a consumer’s smartphone with Visa payment accounts. Though consumers may not find this quite as thrilling as the release of apps for a mobile wallet, what Visa has now released what they feel is a primary element…

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