Apple Pay

The battle for the mobile wallet heats up

It was easy to be distracted by the wondrous devices on display at the Mobile World Congress a couple of weeks ago, with smartphone vendors scrambling over each other with new device launches. However, some of the more significant announcements were not about phones or networks, but about the rapidly-shifting mobile payments landscape. Google shifts gear Google have made two major payments-announcements over the past month or so. First they bought Softcard (formerly called Isis) from AT&T, T-Mobile and Verizon and … Read more…

Samsung buys LoopPay. A tactical acquisition?

Yesterday, Samsung announced that it acquired LoopPay, a mobile payments technology company, in a move that was widely reported as allowing Samsung to “build a viable Apple Pay competitor”. Samsung takes aim at Apple Pay with LoopPay acquisition The key differentiating feature of LoopPay is that unlike Apple Pay it does not use Near Field Communication (NFC) technology to speak to the point of sale terminal, but instead relies on its own proprietary technology that emits a magnetic field to simulate … Read more…

Google in talks to buy SoftCard

SoftCard, the struggling mobile payments joint venture in the US between AT&T, Verizon and T-Mobile is apparently in the eyes of Google as it seeks to counter the success of Apple Pay in the US. Be interesting to see what this means for other carrier payment joint-ventures, such as Weve in the UK. The Wall Street Journey covers the essentials of this story well. Google Is in Talks to Buy Mobile-Payments Service Softcard null