An operator of coin-activated air compressors – used to inflate car tires at filling stations, general stores and other retailers – has successfully been able to retrofit its machines with embedded communications devices, providing the company with a real-time picture of its operations and revenue reconciliation for the first time.
The machine operator shares revenues with the retail hosts, and is convinced that it will be able to land more business by showing its retailers information about revenues and providing an improved service.
Smartphone-wielding Starbucks (Seattle, USA) customers in the United States will get a new way to pay in early November when the world's biggest coffee chain begins accepting Square (San Francisco, USA) Wallet mobile payments at its roughly 7,000 company-operated U.S. stores.
Bank of America Corp (Charlotte, USA) is testing a technology that allows a customer to pay at a store register by simply scanning an image with a smartphone, such as Apple Inc's iPhone or Google Inc's Android devices.
The pilot program is being tested in Charlotte, North Carolina, where the second-largest U.S. bank is headquartered, and marks the latest effort by a financial institution to come out on top in the race to determine how people will pay for things in the future.
Canadian banks and telecom providers are scrambling to introduce smartphone digital "wallets," but the dream of completely abandoning the traditional billfold in favor of a smartphone is likely several years away, according to speakers at an e-commerce conference in Toronto on Tuesday.
Digital wallets will allow consumers to make cash and credit card transactions using their smartphones by swiping the phone past a sensor and then entering a PIN number to complete the payment.
Dutch digital-security specialist Gemalto (Amsterdam, the Netherlands) has bought Ericsson’s Internet Payment Exchange (IPX) business for an undisclosed sum as it targets the fast-growing mobile-payments market.
The acquisition does not include the US operations of the Ericsson (Stockholm, Sweden) business.
IPX connects more than 1,000 customers globally to over 120 mobile network operators. The company also operates payment platforms as white-label services for a number of operators.
EBay Inc (San Jose, USA) Chief Executive John Donahoe often quotes a merchant saying NFC stands for "Not For Commerce" - and dismisses the prospects of Near Field Communication technology used to turn cellphones into mobile wallets.
He got some support this week from Apple Inc (Cupertino, USA), which did not embed NFC chips into the iPhone 5.
Isis, a venture of three big U.S. mobile providers, is delaying the launch of its mobile payments service for the second time this year, an executive for the company said on Thursday.
Isis is an effort by Verizon Wireless (New York, USA), AT&T Inc (Dallas, USA) and T-Mobile USA (Bellevue, USA) to provide mobile wallet services that would allow consumers to get rid of plastic cards and instead make payments by simply waving their phone at a check-out terminal.
While Japan has had mobile payment services for years, U.S. development of such services has been much slower.
Mobile operator M1 (Singapore) has signed up network manufacturer Ericsson (Stockholm, Sweden) to upgrade its mobile backhaul network.
The operator says the work is necessary because of the increasing demand for bandwidth, caused largely by the rise of internet browsing and video streaming on mobile devices, as well as the launch of LTE services.
Huawei (Shenzhen, China) has announced the start of a major M2M push in Europe as it aims to become the dominant player in the nascent industry.
China’s largest networks vendor has spent the last few months signing distribution agreements for its embedded modules in Europe’s biggest markets.
It now counts m2m Germany, Simple Solutions (UK), Sagitron (Spain and Portugal), Matrix (Spain), BE Telecom (Belgium and Israel), Netcom (Poland) and Techship (Sweden) among its partners, and says further deals are in the pipeline this year.
European Union regulators will approve plans by British mobile operators Vodafone (Newbury, UK), O2 (London, UK) and Everything Everywhere (London, UK) to set up a joint venture to allow users to make payments and purchases with their phones, a person following the deal said on Tuesday.
Vodafone, Telefonica's 02 and Everything Everywhere, owned by France Telecom (Paris, France) and Deutsche Telekom (Berlin, Germany), aim to compete with similar mobile payment services from Google (Mountain View, USA), Apple (Cupertino, USA) and Facebook (Menlo Park, USA).