Posts Tagged: payment

Get ready for the new NFL season with new features and payment plans for YouTube’s Sunday Ticket

As fans start gearing up for the new NFL season that starts in a few weeks YouTube announces a funch of new features and monthly payment plans to help you make the most of the Sunday Ticket subscription. New functions such as Multiview combinations, live chat, real-time highlights in YouTube shorts, plus the option of […]

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Getting more IAP payment requests from your Family Group on the Play Store? This is why.

If there’s one thing we do not need it’s being nagged to fork out extra dough to pay for some digital item that offers a similar investment value to a chocolate frying pan. While parents already have the ability to approve or decline purchases made via the family payment method in the Play Store, Google […]

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FTC orders Mastercard to open debit transactions to competing payment networks

The Federal Trade Commission has ordered Mastercard to start providing competing payment networks with the information they need to process debit card payments. In a proposed enforcement action announced on Friday, the FTC said Mastercard had allegedly violated a provision of the Dodd-Frank act known as the Durbin Amendment by prohibiting merchants from routing transactions over alternative networks.

The action targets “tokenization,” the technology that underpins mobile payment applications like Apple Pay, Google Pay and Samsung Pay. When you go to make a debit or credit card purchase with your phone’s mobile wallet, the software substitutes sensitive information, including the primary number associated with your account, with a separate set of single-use “tokens.” Mastercard and Visa say the practice prevents fraud since tokens contain no exploitable information when they’re in transit. It’s only when they arrive at Mastercard or Visa’s servers, and they’re mapped back to their original account holder, that they point to someone.

According to the FTC, Mastercard has historically stopped competing networks from accessing its token vault. That means whenever consumers decided to pay with a mobile wallet, merchants had to route the transactions over Mastercard (or Visa) and pay the company's transactions fees, which are typically higher than that of its competitors. The Durbin Amendment calls for banks to support two competing payment networks on all debit cards. It was a provision Congress introduced to promote competition among networks. The FTC didn’t say if it reached a similar agreement with Visa.

“While we are taking these steps to bring this matter to a close, there should be no question that tokenized transactions provide an increased level of protection to both consumers and merchants,” Mastercard spokesperson Seth Eisen told Bloomberg. “This focus on security guides our efforts in a highly competitive market and provides the incentive for us to continue investing in innovations that promote the peace of mind every person expects.” Eisen added Mastercard would “continue to work to update our processes to comply with the consent order and provide even greater choice.”

The FTC plans to collect comments from the public before voting to finalize the order against Mastercard.

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[Deal] A $300 one-off payment gets you 16GB of high-speed data monthly for a year on AT&T

Looking for a new pre-paid plan with a handy amount of high-speed 5G data? AT&T has a limited-time offer of 16GB of data (instead of the usual 8GB) each month for a year for an upfront payment of $ 300, which works out to $ 25 a month. We’ve got more details for you after the break. […]

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Implantable payment chips: The future, or cyberpunk pipe dream?

Implantable payment chips are here — enabling users to pay for things with a wave of their hand. Is this the wave of the future, or merely a flash in the pan?
Emerging Tech | Digital Trends

LG’s really late to the mobile payment party, but finally brings LG Pay to the US

Mobile wallets and mobile payment systems have slowed down now that we’ve got a few major competitors, but you still see new entrants from time to time. On Android devices, Samsung Pay and Google Pay are the obvious options, while Apple users get Apple Pay. Other than that, it’s hard to see any other app […]

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Chase links its payment app to Samsung Pay so you’ll actually use it

Do you use Chase Pay for your retail shopping? No? We won't blame you — its insistence on using QR codes for purchases makes it far less convenient than tap-to-pay services, not to mention less common. Now, however, it's admitting that it needs t…
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Let Samsung Pay use PayPal as your payment method everywhere

Online payments have been dominated by PayPal, and mobile payments have been leaning towards Samsung Pay. Now the two are coming together. If you own a recent high-end phone from Samsung, you can travel the country and make purchases through PayPal and Samsung Pay. Adding a PayPal account to Samsung Pay could actually be easier […]

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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.

Android Army–Digital Trends

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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