Corona brings Android devs a new in-app payment option via Fortumo

The payments system can be used by hooking up the new Corona plugin for payments, which will work with all Android app and game purchases, including Nook purchases -- something the Nook team has been excited about for months already.

Amazon giving away ‘tens of millions of dollars’ in virtual money with launch of Amazon Coins

Amazon launched its first digital currency today with a giveaway: 500 free Amazon Coins for every Kindle Fire customer. The coins, which are worth $5, can be used to buy games, app, and in-app purchases.

Barnes & Noble reminds us Nook doesn’t have in-app purchases by telling us it’s coming

Barnes & Noble subsidy Nook Media announced today that apps for its Nook devices would soon gain the ability to offer customers in-app purchases.

Kid spends $2,500 on iTunes in 15 minutes

Five-year-old Danny Kitchen of Bristol, England, spent $2,500 on iTunes in-app purchases in about 15 minutes, the Beeb reports. Score!

Apple will give parents iTunes credits, refunds over in-app purchases lawsuit

'Bait apps' like Tap Fish have cost parents lots of money and even more frustration. Now, Apple wants to give that cash back.

Russian hacker Borodin says it’s game over for iOS exploit, focusing on Mac

It’s been 10 days since Russian hacker Alexey Borodin unleashed hell for Apple with his iOS in-app purchasing exploit. But after successfully countering some of Apple’s attempts to shut him down, Borodin is calling it quits on his iOS hack. …

One step ahead of Apple, Russian hacker exploits Mac OS X in-app purchases

While Apple was hard at work coming up with a fix for Russian hacker Alexey Borodin’s iOS in-app purchasing exploit, the wily hacker has unveiled a similar exploit for in-app purchases on Mac OS X.

The latest hack, which affects …

Apple uses UDID to track in-app purchases associated with hack

Apple is continuing its fight against a Russian hacker who is supplying a way for iPhone users to download in-app purchases without paying. The company is now including a unique identifier in all in-app purchase receipts, according to MacRumors.

Last …

Hacker stealing in-app purchases avoids the long arm of Apple’s law

Apple is closing in on a Russian hacker giving people a way to steal in-app purchases. But while the company has issued take down notices and blocked his server access, he still has found a way to stay in business.…

Russian hacker finds a way to get in-app purchases for free (updated)

A new hack surfaced today allowing iOS users to download in-app purchases without actually paying for them, according to 9to5Mac. The hack comes from Russia and is a three-step process that works on all phones, not just jail-broken ones.

Late to the party, Windows Phone 8 will finally add in-app purchases

In-app purchases have been such a major part of iOS and Android that no app seems complete without it the functionality. Fortunately, Microsoft is finally adding it to Windows Phone 8, the company announced at its Windows Phone Summit.

As …

Apple dominating Android with 84 percent of mobile gaming revenue

There’s a reason why so many developers feels iOS users are more valuable than Android: Apple is killing it in mobile gaming with 84 percent of all mobile gaming revenue in the US.

“When analyzing Apple’s successful monetization, there is …

Judge spanks Apple over kid-baiting apps

Last year, Apple tried to have a court case thrown out from a group of angry parents whose children were racking up large iTunes bills from in-app purchases. Now, a District judge in California is saying no to Apple’s request …

Amazon enables in-app purchasing on Kindle Fire & Android devices

Amazon is rolling out a new service today within its Android app store that will allow developers to set up a shop inside of an application.

We first learned about Amazon’s in-app purchasing service a few weeks ago when it …

Amazon tests in-app purchases, enters app store battle with Google & Apple

Online retail giant Amazon is testing a new mobile app store service that lets users make purchases within the app itself, according to a report from BusinessWeek.

An Amazon-branded app store would compete directly with both Apple’s iOS App Store …

One year after royally pissing off Apple, Readability’s iOS app is finally approved

Remember that scathing letter the Readability team penned to Apple back in February of 2011, when they were first rejected from the App Store? Well it seems like Apple is finally ready to forgive, approving the Readability app, which goes …

Customer loyalty is key to gaining a share of the in-app purchase riches

In-app purchases are predicted to dominate the mobile-app market in the next few years. Revenue from in-app purchases, worth $970M in 2011, is expected to rise to over $5 billion by 2015, and a study by Localytics highlights the importance …

Consumers spend average of $14 per transaction in iPhone and Android freemium games

Not everyone buys virtual goods in mobile games. But among those who do, the average purchase price is pretty big: $14.

That’s a pretty big number, considering free-to-play games are relatively new to consumers, according to stats gathered by mobile …

Free-to-play mobile games to be highlighted at GamesBeat 2011

Today we’re revealing the sixth set of speakers for our third annual GamesBeat 2011 conference. Our newest slate of speakers will be part of a panel on the free-to-play mobile gaming market. They include Jeferson Valadares, general manager of …