Microsoft plans virtual information wallet: Gates – Yahoo! News
Tue Feb 14, 6:39 PM ET
SAN JOSE (Reuters) – Microsoft Corp. (Nasdaq:MSFT – news) Chairman
Bill Gates on Tuesday showed off a new software tool aimed at giving consumers a virtual wallet to securely store their personal information for Internet transactions.
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As well as Paypal have done, its becoming clear that they are vulnerable. They have only accumulated $2Bn in customer deposits which given their marketspace is pitifully small. Geek News Central Revealing Technical News and useful links The folks over at Paypal are concerned of course but you would think the product would have evolved over the past couple of years instead of stagnating with not real enhancements to the service. The rumours of a Google wallet and payment service have been circulating for well over a year, and now seem to have basis in fact, based on the WSJ … Continue reading Paypal stagnated, while gbuy waits in the wings
This little snippet in the midst of an article about Xbox360 and online gaming. This from Chris Early, studio manager for Microsoft Casual Games Group. Can Microsoft Score in Mobile Gaming? Today, Microsoft makes money on games through sponsorships, advertising, and subscriptions. How do you see the business model evolving? The biggest change that I think we’ll see in the next year is in microtransactions becoming a viable method of purchasing games and new game levels. You’ll be able to use micropayments to pay for downloads within Marketplace and Xbox Live Arcade. You’ll be able to purchase points at a … Continue reading Microsoft have a micropayment strategy
Live from BAI Retail Delivery : New Payment Technologies: Worth a 2nd Look
With the payments world undergoing a rapid transition to electronic transactions, banks need to reexamine the benefits and risks of innovative options that they had once dismissed as too “leading-edge,” speakers said in Wednesday’s panel discussion entitled “A Payments Wake Up Call.”
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Courtesy of http://www.engadget.com/entry/1234000403059063/ The AP’s Brian Bergstein tried out Massachussetts-based Vayusa Inc.’s MobileLime system, a new mobile payment service now operating in the Boston area. Of course, our neighbors in Japan have been hip to this for a while now, but Vayusa hopes to jump-start the mobile payment industry over here in that good ol’ cellular backwater we know and love. Right now MobileLime is only available at 80 stores in the greater Boston area, and as Bergstein reports, it’s not always a trouble-free experience to actually make a successful payment. He experienced a number of transactions where, in the … Continue reading US-based MobileLime mobile payment system reviewed: don’t leave your wallet at home just yet
This quote below captured from this piece or here by Payments News is interesting. I have heard certain un-named senior exectives in the financial services industry indicate Paypal are of no concern, becuase they are P2P only, or because they are USA only …. hmmmm Payments News: PayPal’s Goal: The Global Standard for Online Payments “Our goal,” >he said, “is to be the global standard for online payments.” Continue reading Paypal goal – global standard
Aug. 03, 2005
By: Mickey Alam Khan
Senior Editor
mickey@dmnews.com
PHILADELPHIA — ETail 2005 delegates sitting out PayPal president Jeff Jordan’s presentation yesterday missed a sales call.
The chief of eBay’s online payment method pitched attending e-commerce executives and suppliers on PayPal’s virtues. He was particularly smart in positioning the credit card alternative as a bulwark against online fraud — quite visibly the concern of many in the room.
“You can, and should, look at your payments provider as another level to reduce fraud costs,” Jordan said.
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Recently attended a Gartner presentation on the state of wireless .. some notes, on how this might play out in terms of payments:
Continue reading “Towards a payment model for wireless”
Just had an interesting conversation with a colleague on this. The fundamental question we need to answer is why payments matter to consumers. Assuming people only need money to buy things, then its a given that payments are a critical element of consumers life style, yet they are at best an annoyance, and certainly not fun. So the web lifstyle has to bring convenience, and simplicity for making payments. Financial Services providers care about this, because payments are the conduit to balances, both loan and deposit balances, and balances are how FI’s make money. This is one of the new … Continue reading Payments and the web lifestyle
Technology Finding New Ways to Pay – Yahoo! News
By CATHERINE TSAI, AP Business Writer 1 hour, 5 minutes ago
DENVER – Quicker. More secure. More fun. Stores, credit card companies and banks are giving consumers new ways to pay in the latest evolution of cashless payments.
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Chase Bank recently rolled out credit cards with “blink” technology that lets users wave their cards near a computer reader instead of having to swipe them through a device. Cards never leave customers’ hands.
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