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Mobile payments looking at turbulent times

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

This Day in Tech: Google and Visa compete for digital wallets; 'Apple is not going to change'

Too busy to keep up with the tech news? Here are some of the more interesting stories from CNET News for Thursday, August 25.

• You've probably heard by now that Steve Jobs resigned as CEO of Apple. This leaves us with many questions. What will Jobs do as chairman? What will Apple look like three years from now? Now for some answers. Apple's new CEO, Tim Cook, e-mailed employees this morning to say that "Apple is not going to change."

• You might be swiping your mobile phone to pay for things. In May, Google and Visa … Read more

Visa vs. Google Wallet in mobile payments

The digital wallet wars have begun. And credit card giant Visa and search behemoth Google are likely to be among the first to face off in the market as they each try to convince consumers to ditch their real wallets for ones that store credit cards and other information on their cell phones.

In May, Visa and Google announced separately their plans to offer a so-called digital wallet or an application that stores credit card and rewards information to enable people to use their phones to pay for things.

The hope is that these digital wallets in conjunction with near-field communications technology, … Read more

Visa sets deadlines on NFC efforts

Visa is planning to roll out dual-mode chips in its infrastructure in an effort to step up mobile payment adoption. Meanwhile, it's deploying a mix of carrots and sticks to get merchants on board.

Specifically, Visa is aiming to prepare payment infrastructure for NFC (near-field communication) mobile payments. Google has pushed NFC payments, and other mobile phone players are aiming to turn your smartphone into a wallet. Visa will support EMV and NFC. EMV, which stands for Europay, MasterCard, and Visa, is a global standard for credit and debit payment cards. EMV has been popular abroad, but lags in … Read more

This Day in Tech: Apple has best-ever quarter; Anonymous suspects arrested

Too busy to keep up with today's tech news? Here are some of the more interesting stories from CNET (and elsewhere) for Tuesday, July 19.

• Google Executive Chairman Eric Schmidt will support key Android partner HTC in its patent fight with Apple. Speaking at a Google mobile conference in Tokyo today, Schmidt didn't specify exactly how Google plans on supporting HTC but said "we will make sure they don't lose."

• Apple, for its part, isn't losing any steam on the earnings front. The company this afternoon reported a profit of $7.31 billion, or $… Read more

Visa, MasterCard appear to have lifted WikiLeaks ban

Editor's note: Please see update note at the end of this post, which includes a statement from Visa saying it has not reinstated DataCell.

WikiLeaks' financial blockade appears to have been lifted, at least temporarily.

Visa and MasterCard, which cut off payments to the secret-sharing site in December after it published hundreds of thousands of secret U.S. government documents, may have reversed course. CNET was the first to report that MasterCard pulled the plug.

Iceland-based DataCell, which handles WikiLeaks payments, said today that it is now able to process Visa and MasterCard payments again. "Today we have … Read more

Visa acquires Fundamo mobile payment service

Visa is continuing to gain ground in the mobile payments market with the acquisition of Fundamo, a service that is already prevalent in at least 40 developing markets.

Basically, the merger brings together Fundamo's mobile financial services platform, for customers with little to no access to a bank account, with Visa's global payments network, VisaNet. The gain for Fundamo users would be a higher level of security when making mobile payments, and Visa gets a bigger consumer base abroad.

Additionally, Visa reaffirmed an agreement with Monitise, which offers new services (i.e. mobile payments, person-to-person payments, mobile transaction … Read more

Visa to launch digital wallet system

Visa is planning to launch a new type of digital wallet system that would let consumers pay for items online with just a single click.

Tapping into the growing mobile payments technology known as NFC (near-field communications), Visa's offering could also let consumers wirelessly pay for items at retail outlets through a mobile device equipped with the digital wallet technology.

The company is promising a number of benefits through its digital wallet. Consumers could order items online in one click using a single e-mail address or ID and password instead of having to plug in their mailing addresses and … Read more

Mobile payments are, in fact, near

Links from Friday's episode of Loaded...and, no, there are no April Fools' jokes in today's show!

Google denies working on a mobile app that searches faces and uncovers personal info

AT&T offers a new Mobile Protection Pack to locate and insure mobile phones

Samsung and Visa will offer mobile phone payment systems using NFC tech at the 2012 Olympic Games

Amazon.com may be working on a mobile phone payments system as well

Activision announces the next Spider-Man game

Samsung, Visa to give NFC payments a boost

Samsung and Visa are joining forces to offer smartphone users the ability to make mobile payments through NFC technology in London next year as part of the 2012 Olympic games.

Using special Samsung Olympic and Paralympic Games mobile phones, attendees in London before and during the games will be able to buy items on the go through near-field communications, an emerging technology that lets people send payments by phone directly from their bank accounts to special terminals.

Samsung and Visa join a growing number of companies hopping onto the NFC bandwagon. Dangling the lure of wallet-free purchases, an array of … Read more