A former PayPal and Google Wallet employee is launching payments terminal Poynt to help repair what he calls a "'broken' commerce infrastructure," according to Business Insider.
Twitter has seized the initiative and launched a mobile payments service based on its social network in France, Reuters reports.
Check out the hottest mobile IT news for Monday, Oct. 13, including Zapp adding big retailers to UK mobile payments push, why the iPhone 6 could delay the larger iPad, Apple and Samsung driving fourfold increase in fingerprint sensor market by 2020, Apple and Google's rank as highest-value brands based on mobile strength and smartphones as one factor in display driver IC market growth.
Fueled by the launch of Apple Pay, interest in mobile payments and mobile commerce will take off over the next few years. As a result, mobile commerce revenue will reach 50 percent of U.S. digital commerce revenue by 2017, predicts Gartner.
Check out the hottest mobile IT stories for Monday, Oct. 6, including Square's new $6 billion value, FCC's $600,000 fine given to Marriott, Good Technology launches cloud-based EMM, CRM app platforms, Adobe's new mobile photo editing apps and ABI's outdoor small cell market forecast.
For Apple Pay and other mobile payments products, the task is to overcome consumer reluctance to use mobile payments because of security concerns.
The financial services industry is forecast by Frost & Sullivan to invest €87 billion ($110 billion) in payment technology by 2017, much of that going to mobile payments technology.
Check out the hottest mobile IT news for Sept. 18, including the expansion plans BlackBerry has for BBM uses, a new financing round for mobile marketing startup Swrve, the moves banks are making to convince wary Europeans on mobile payments, where white-box devices are going to flourish and the effect 4G LTE will have on the fixed wireless market.
Check out the hottest mobile IT news for Sept. 8, including the mobile payment plan in the UK for Vodafone, one firm's plans to use wireless systems in mussel farming, machine-to-machine communications and their effect on MVNO, the growth in the wireless packet core market and the latest financing boost for Wellframe.
Check out the hottest mobile IT stories for Sept. 2, including the credit card companies teaming with Apple for mobile payments, the global realization of LTE, the replacement of in-car entertainment by tablets, growth in the WLAN market and Amazon's plans for native mobile ads.