Posts Tagged: payment

New Zelle P2P payment system to provide new safe, fast platform to move money

Hot on the heels of Apple’s announcement of a new iMessage based payment processing framework to help Apple’s customers move money from person-to-person, a new bank-backed solution called Zelle was announced by Early Warning Services. The new Zelle system will be available to approximately 86-million mobile banking customers through their bank specific apps. Zelle promises […]

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Google hoping new features from Google Payment API make purchases even easier

Despite what seems like a lot of upstream swimming over the last few years, Google has managed to turn Android Pay into one of the more popular and used mobile payment options available for users. In addition to continuing to add more cards and banks to the program, Google is also hoping to expand usage […]

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Samsung denies its mobile payment platform is insecure

Every year the Black Hat conference highlights and analyzes security vulnerabilities in common services public awareness and a little infamy. On Sunday, a researcher released a paper criticizing the point-of-service purchasing system Samsung Pay for…
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London is lending its Tube payment tech to other cities

The London Underground is renowned for its iconic stations and world famous Tube map. However, millions of travellers have also come to rely on its technological expertise, which includes the ability to swipe in and out of barriers with a bank card,…
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Master the art of accepting credit cards with these payment processors

Mobile payment processors and card readers are the greatest way to accept payments from the palm of your hand, but which one is right for you? Check out our comparison of Square, Dwolla, and five others platforms for a closer look at the competitive field.

The post Master the art of accepting credit cards with these payment processors appeared first on Digital Trends.

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LG confirms that it’s working on a mobile payment system

LG_Logo_02_TA_CES_2014

LG has just confirmed that it’s currently working on a mobile payment system, which it hopes will challenge both Android and Samsung Pay. Unfortunately, no details were given with regards to when the service will launch, but recent speculation suggests that there will be an opt-in public beta test in South Korea next month.

Judging from the details provided by LG in its official statement, it looks like its payment platform is set to support MST (Magnetic Secure Transmission) and NFC (Near Field Communication), which will deliver an identical tap-to-pay experience to Samsung Pay. However, LG claims its service will excel in terms of software.

Not only is it boasting that the service will be more convenient than its competitors, but the South Korean company also claims that it will be more versatile and functional due to the application’s extremely intuitive, easy-to-use interface.

LG owners: Are you excited to hear that the company is working on its own payment platform? Are you planning on using it? Be sure to let us know your thoughts in the comments section below.

Source: LG (Korea)

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