payments

"Carry less + live more" is how the RumbaTime Go might be marketed if it gets off the ground.

This standard digital watch comes with a contactless payment chip on the back so you can ditch your wallet. It also has a medical ID number in case you end up on the ground yourself.

It's now a Kickstarter project by RumbaTime, which makes low-cost timepieces that recall the Swatch craze of the 1980s. … Read more

By next year, you'll be able to place an order for a book on Amazon by tapping your smartphone to your ultrabook.

At least, that's what Intel and MasterCard are envisioning. The companies said today they were working jointly to allow customers to pay for online purchases by tapping special MasterCard-powered PayPass cards or phones by their computer.

The introduction of the tap-and-pay feature on the ultrabook underscores the proliferation of devices capable of making and receiving mobile payments, a burgeoning field that has attracted power players such as Google. A smartphone with Google Wallet, for instance, will be able to work with an ultrabook. The feature also comes as more people take to their computers for online transactions instead of heading out to brick-and-mortar stores. … Read more

SAN FRANCISCO--For a guy who's done his share of industry disrupting, Jack Dorsey is sure eager to opine on tech's softer side.

Today at GigaOm's RoadMap conference here, Dorsey took the stage for nearly half an hour and dished mostly about love, empathy, hyper-personalization, fun and whimsy--as it relates to tech of course.

And why not?

As Twitter's co-founder and Square's CEO, Dorsey, 34, is a sort of bon vivant of entrepreneurship. With his hip styling and pithy and sober delivery, he looks and talks the part. As he straddles leadership roles at two of … Read more

Michael Abbott, the CEO of carrier-backed mobile payments joint venture Isis, has an interesting take on rival Google Wallet: "It's the best thing that could happen."

That's not the sort of thing you would expect to hear from the head of a venture that is planning to roll out its own mobile-payment system, designed to allow consumers to tap their phone on special terminals to pay for goods. Abbott, however, holds a longer-term view of the business, and believes that the entry by multiple parties is a good thing. It generates greater consumer awareness, stirs the … Read more

American Express plans to dabble in mobile payments and other forms of digital commerce at an arm's length, preferring to throw cash at startups rather than launch its own major initiatives.

The company said today that it will invest $100 million in startups that are designed to address mobile and online payments, security, reward and loyalty programs, and other forms of digital commerce.

This represents American Express's primary stab at the booming digital-commerce business, a potentially lucrative area that has a large number of players all vying for position. American Express's low-key approach stands in contrast to … Read more

BilltoMobile has been on a roll recently.

The company, which handles purchases of digital goods that customers make on their phone by linking payment to their cell phone bill, just last month signed AT&T as a partner, locking up the fourth and last national wireless carrier. BilltoMobile CEO Jim Greenwell said that the industry is poised to see a rapid explosion of purchases made through the carrier billing model. Rather than enter the credit card information on the phone, a person can use this option to pay for the good and have the expense show up on their … Read more

Google today launched a new set of capabilities to its mobile payment service that it hopes will draw in more early adopters.

Customers can use their Google Wallet-armed smartphones to redeem coupons and earn rewards points, something it calls the SingleTap experience.

The new feature marks the first major enhancement since the summer launch of Google Wallet, which enabled consumers to pay for goods and services by waving their smartphones at special payment terminals found in drug stores, retailers, taxis, and some train stations.

Google has been aggressively pushing the service as it attempts to take an early, dominant role … Read more

SAN DIEGO--While the mobile-payment players acknowledge that partnerships are necessary for long-term viability, many are gearing up for some chaotic times.

The idea of a digital wallet and the opportunities that come from moving payments onto the smartphone were major themes at the CTIA Enterprise & Application show. American Express executive Dan Schulman used his keynote address to call for more alliances, noting that, "no single company can do this alone." The prospect of mobile payments was also the focus of one of the more prominent panel discussions today.

It's not hard to see why. Beyond getting … Read more

SAN DIEGO--No single company can catapult mobile payments into mainstream use, said American Express executive Dan Schulman, who called for more partnerships between the financial and wireless worlds.

"All of us need to play together," Schulman said today during his keynote address at the CTIA Enterprise & Applications show. "All of us have strengths and capabilities we bring to the table."

Schulman himself straddles both worlds. He is the group president of American Express' enterprise growth unit, which is responsible for mobile payments. Prior to that, he ran Virgin Mobile USA and Sprint Nextel's prepaid, … Read more