Editorial: Square gets the attention, but credit cards rule


Editorial Square gets the attention, but credit cards rule

Lower Manhattan, Pearl Street, the Financial District. A Starbucks with broad windows, great for people watching. Sipping my $5 flavored coffee, I watched a homeless man sit on the sidewalk. I liked him immediately: his sharp gaze and thoughtful expression. When I left, I squatted down next to him and put five bucks in his jar, contributing the cost of my first-world coffee to the man's case for survival.

We talked. He knew his tech, this man of no possessions, describing his favorite productivity gadgets of the past decade, scorning Apple for form over function. He had been living on the street day and night for two years. My five dollars was "huge," he said. I knew that was true only microcosmically. He liked cigars. That's where the cash would go.

Meanwhile, Starbucks had recently cut a deal with Square, one of the hottest startup stories of the season, so that people with five dollars to spend on coffee needn't pull out a wallet and ponder their privilege.

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Editorial: Square gets the attention, but credit cards rule originally appeared on Engadget on Tue, 02 Oct 2012 14:00:00 EDT. Please see our terms for use of feeds.

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MasterCard announces PayPass User Interface SDK, lets devs roll their own NFC payment-enabled apps

MasterCard announces PayPass User Interface SDK, lets devs roll their own NFC payment-enabled apps

MasterCard has been in the cashless payment game for quite a while, and now it's hoping to get more developers on the PayPass bandwagon with its freshly unveiled user interface software development kit. By leveraging the SDK, programmers will be able to bake the firm's NFC payment system, which is compatible with over 70 handsets, into their own Android or BlackBerry OS 7 apps. The kit is free to license and includes API code libraries, documentation, a developer guide, sample code, a white-label reference application and a testing suite. Once apps are created with the SDK, they'll have to go through MasterCard's approval process before they go live. Yearning to code PayPass-enabled smartphone software? Check out the press release below for more details.

Continue reading MasterCard announces PayPass User Interface SDK, lets devs roll their own NFC payment-enabled apps

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MasterCard announces PayPass User Interface SDK, lets devs roll their own NFC payment-enabled apps originally appeared on Engadget on Tue, 18 Sep 2012 07:10:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceCashless Conversations Blog (MasterCard)  | Email this | Comments

PayPal arrives on Windows Phone devices running version 7.5 or higher

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eBay's money-exchanging service has brought its payments platform to Windows Phone 7.5 handsets. PayPal's new app lets you send and request cash and check your account details (hopefully while laughing maniacally at your own affluence). A "local" feature will also direct you toward vendors who accept the standard, just remember that NFC supporting handsets don't get here for another few weeks.

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PayPal arrives on Windows Phone devices running version 7.5 or higher originally appeared on Engadget on Fri, 07 Sep 2012 13:38:00 EDT. Please see our terms for use of feeds.

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MasterCard and T-Mobile to bring NFC payments to Europe in Q3 (video)

MasterCard and TMobile to bring NFC payments to Europe in Q3 video

Poland and Germany could be the next two countries to get smartphone payments, powered by MasterCard and Deutsche Telekom. The SIM-based NFC solution will utilize the US bank's ClickandBuy service for processing and will be available to T-Mobile customers, rolling out to Poland in Q3 of this year and Germany in 2013. This latest partnership comes on the heels of Vodafone's pairing with Visa, which is also said to be making a push for the German market. What remains to be seen is whether or not there is in fact a demand for mobile payments -- the technology has yet to take off in the US, despite an influx of funding and infrastructure from MasterCard and Google. NFC is no doubt the future of cashless transactions, but it likely remains a few years away from hitting the mainstream, with compatible devices still limited, on both the customer and retail fronts. Hit up the links below for a closer look at DT's push to conquer the European market, one NFC-equipped SIM card at a time. Then jump past the break for a quick intro, compliments of Deutsche Telekom CEO Rene Obermann and MasterCard CEO Ajay Banga (the two seemingly random gentlemen that you may have noticed above as well).

Continue reading MasterCard and T-Mobile to bring NFC payments to Europe in Q3 (video)

MasterCard and T-Mobile to bring NFC payments to Europe in Q3 (video) originally appeared on Engadget on Mon, 02 Jul 2012 09:58:00 EDT. Please see our terms for use of feeds.

Permalink TechCrunch  |  sourceDeutsche Telekom  | Email this | Comments