Payments -- Engadget Mobile

payments posts

Square iPhone Payment System turns your phone into credit card reader

by Vladislav Savov posted Aug 3rd 2009 @ 6:09PM

Everyone and their uncle Steve uses WinCE terminals to execute cashless transactions these days, and while you'd expect Apple to remedy that right quick, the Square credit card reader has beaten it to the punch. Plugging into the headphone jack of either an iPhone or iPod Touch, the dongle takes a swipe of your card, the seller enters the purchase data and you do your best penless John Hancock on the touchscreen. After that, a receipt is delivered by email and the app retains geotagging data for each transaction. Spiffy, right? Well, there is a surcharge to pay, and it's still in early alpha testing in New York, but should it prove popular, there's no reason not to see this appendage make an appearance on Android or WinMo phones as well. Rest easy, Gotham, we're sure nothing could possibly go wrong.

[Thanks, Derek]

Mobile payments coming to Mexico

by Chris Ziegler posted Aug 29th 2008 @ 8:56PM

Like Canada, Mexico's getting mobile payments, too, but these are just a bit different in two very important respects. One, this is a full-fledged service being underwritten by Telefonica, Iusacell, Citibank, and BBVA -- not just a trial. Two, unlike the NFC-based Canadian system, this one will rely on text messages to get the cash flowing. The service is expected to launch in the next few months and get backing from restaurants, stores, and taxis, all places where we can recall specific times when we would've rather kept our wallets in our pockets when the time came to pony up. Of course, considering how miserably unsuccessful mobile payments have been across North America so far (we've still got our fingers crossed that NFC is going to take off one of these days), this one could die off as quickly as it started unless it catches a break and goes big.

Specifications for cellphone payments announced

by Donald Melanson posted Jun 6th 2006 @ 2:47PM

Payments by cellphone are obviously a hot area right now, with everyone from SanDisk and Philips to Visa and Nokia to PayPal getting into the game. And if you needed any more proof that it is for real, the NFC Forum (that's Near Field Communications, for anyone not versed in the lingo) have just announced the first five specifications for cashless payments by cell, although the full specs will only be available "sometime between July and September." What we do know is that the NFC's architecture will include specifications that define a modular NFC device, as well as protocols for interoperable data exchange, device-independent service delivery, device discovery, and device capability. That also includes specifications for smart posters or other advertising, which contain embedded tags that can deliver content to cellphones. And, unlike some other standards committees, the NFC Forum has most of the major players in the industry on side, so it doesn't look like we'll see much controversy over these specifications.

SanDisk and Philips team for mobile payments

by Paul Miller posted May 6th 2006 @ 8:05AM

Philips has been peddling its SmartMX contactless payment system for a while, but things are really looking up now that SanDisk wants to get in the game. They're now working with Philips to include the SmartMX tech in their TrustedFlash microSD cards, allowing any phone with a microSD slot to make payments. The details are a bit slim, but it looks like you would have to buy TrustedFlash cards loaded with "credits" in order to make payments, which frankly doesn't sound like much of a step towards convenience for consumers, but rather a boon to SanDisk and Philips who will no doubt be taking a cut. However it works out, the industry is clearly marching towards contactless and phone-based payments, let's just hope it works out as an actual plus for the people who are carrying around the phones and making the contactless payments.

[Via Gadget Review]