61 percent of us have heard of digital wallets, but only 11 percent of us have used one, according to a new survey by Forrester. Interestingly, most would rather trust PayPal with their mobile money — rather than their bank or credit card company.
It could really be a black Friday this year for online retailers. Or at least moderately grey.
Mobile payments via NFC from a digital wallet on a smartphone might be the sexiest area of payments right now, but the space that is actually seeing traction and adoption is contactless cards — which will hit 250 million in 2014.
In a new study on mobile wallets, Javelin Research investigated the “gang of five” — Apple, Google, Facebook, Amazon, and PayPal — and their ability to win or lose the still-developing war for the mobile wallet. Interestingly, all of them would lose to consumer’s primary financial institution, their bank.
New feature uses Bluetooth low energy and token verification system and company hopes it will help lure customers from large retail banks.
In other words, PayPal is all in.
Last week I bought 13 laptops from WalMart.com. There were only two problems: I didn’t buy them, and they weren’t being shipped to my house. I’d been hacked.
Silicon Valley has been prominent in the fight — particularly around the Startup Act — to admit immigrants who want to start businesses and create jobs.
Editor’s Pick The Canadian government hopes its new ‘startup visa’ program will stimulate jobs creation, lure foreign entrepreneurs from Silicon Valley, and bolster its claim to be a technology hub.
Google Wallet, which just recently made big changes to support Visa, American Express, and Discover cards, is now apparently making even bigger changes. As in, back to the future changes.
WikiLeaks announced today that it is “back open for donations.”
Not content with having conquered online payments, PayPal is expanding into real-world stores. The online e-commerce company has decided to expand by allowing shoppers to pay with its service in more than 2,000 brick-and-mortar stores by March.
Mega credit card company Visa appears to be incredibly impressed with mobile electronic payment startup Square, according to a company blog post.