Mobile wallets still aren’t catching on with Americans, even a year after the introduction of Apple Pay and a month after the introduction of Android Pay. There are hundreds of millions of capable phones in consumers’ purses and pockets, so it’s not due to technical restraints. Maybe the answer is to make the system available in more stores? Yesterday, an Apple executive announced that three more large chains will accept their payment system. [More]
Though the highways and byways of America may be dotted with their stores, customers shopping at Walmart and Best Buy won’t be able to pay for stuff using the new Apple Pay system announced this week. Both retailers are eschewing the near-field-communication (or NFC) method of payment in favor of another mobile wallet application. [More]
Don’t know about you, but if I’m going out somewhere, I often need to pad my schedule for the inevitable 3-minute hunt for either my keys and my phone (both of which were right here a second ago). Now the folks at Hyundai want to make it so people like me will only have to lose one device. [More]
Google becomes the latest company to try to turn your cell phone into a digital wallet, with today’s announcement of cleverly named Google Wallet. The app is designed to turn any Android-powered phone with compatible data capabilities into a substitute for your credit cards. Right now, that’s limited to just one phone, Google’s own Nexus S 4G.
Do you wish you had a way to spend your money more easily, without all that opening-the-wallet or punching-the-pin-number manual labor? The trade publication Cards & Payments (registration required) says that it’s received a copy of a report filed with the FCC that indicates Citigroup is developing a Near Field Communication, or NFC, mobile phone that would allow its customers to make contactless payments at participating retailers.