PayPal’s Astonishing Arrogance

Everybody that follows the payments industry knows that there is a massive albatross that hovers over every innovation that comes to the market: PayPal. In its mind, there is no realm of payments that PayPal cannot conquer and control. The company chafes when other payment innovations, like Square or the Google Wallet, gain press acclaim. PayPal is…

The Potential of Turning Mobile Money Into Mobile Apps

While it might be surprising to some, there are many things that we can learn from Boston-based startup SCVNGR. More appropriately, from its mobile payments business LevelUp. The company is rethinking the nature of transactions from the ground up with one distinct principle: transactions are data.

What is currency but the physical…

Breaking Down the Myths of NFC, Mobile Payments and Real World Adoption

From a technological perspective, near field communications (NFC) is one of the most powerful and prominent innovations to come about in the last several years. But from a functional, real world standpoint, NFC is a technology without a clear-cut purpose. What problems does it actually solve? When it comes payments, how much different is a tap with…

Federal Trade Commission to Hold Mobile Payments Workshop in April

2012 will be the year that consumers will learn how to use their smartphones to make payments with smartphones. Mobile payments will see consumers paying for physical goods with near field communications, mobile wallets and PayPal among other options. It has become such a big trend in the digital economy that mobile payments have caught the…

[Infographic] Security Concerns Surround Mobile Payments and Coupons

Legal firm Loeb & Loeb is full of thinkers. Its clients and attorneys know that the world is a fluid place and the technology sector dynamic and ever-changing. As part of its “Media MindShare” series, Loeb & Loeb has turned its attention to the digital marketplace to study what the dominant issues will be in 2012.

One of those issues is mobile…

Mobile Payments Need to Be Smart: On the Road With the Google Wallet

The Google Wallet has been available to select users for several months. By select, we mean users that just happen to use a CitiBank MasterCard with an Android Nexus or other NFC enabled device on a carrier that supports it. Given those very specific limitations, there are really not many users that have actually put the mobile wallet through its…

NFC In 2012: Time For The Training Wheels

There is no question about it, the way people pay for things is fundamentally changing. When it comes to mobile payments, 2011 was the year that the major players began marshalling their forces. Partnerships were forged, baselines of technology were established. In 2012, the ecosystem will deploy its innovations, testing the market to see how it…

Subplots & Politics: Google Wallet’s Precarious Path to Success

This was more or less an inevitable outcome: the Samsung Galaxy Nexus on Verizon is not going to launch with the Google Wallet. Verizon has said that it is not blocking the application but rather that the company is working with Google to make sure that Google Wallet is up Verizon’s technical and security standards. Does that mean we will see the…

MasterCard + Intel: The Confluence of Tech and Payments Industries

MasterCard, the longtime credit card and payments processor, wants to reposition itself as a technology company. Throughout the latter half of 2011, it has been pushing hard on the technosphere to make sure that journalists and bloggers know the company is doing some cool stuff around payments research and the cutting edge of technology, like…

A Coke Machine, A Dorm Room, A Gate: How NFC Will Be Adopted

Whenever people think of near field communications, they think of mobile payments. Your phone becomes your wallet and spending money becomes as easy as tap, tap, tapping all day. Well, the era of your tap-able digital wallet is not here yet. It may never come. But that does not mean there are not some very interesting uses of NFC coming down the…