If you've got a debt to pay, a bill to split or a reward to give, you no longer need to dig out your wallet or bother with notes and coins — your smartphone is perfectly capable of sending money to friends and relatives with just a few taps.
Tagged With payments
If you've been stung by a gross payment method surcharge on concert tickets or flights, today brings good news. A new ban on large businesses charging consumers excessive payment surcharges for using EFTPOS, MasterCard, Visa and American Express cards issued by Australian banks is now in place.
But you can still get stung for those ridiculous "service" and "booking" fees.
A report in Recode today suggests that Apple is planning to bring Apple Pay to websites later this year, which will let you buy stuff online with your iPhone. An incremental change to a marginally popular payment service doesn't sound exciting, but it's arguably the biggest payment move Apple has ever made.
In case you weren't already inundated with payment options, LG apparently thinks you could use one more. A new leak suggests that LG is ready to enter the payments world, but unlike its biggest competitors Apple, Google and Samsung, LG will not be using smartphone technology to power your payments. Instead, the company is making a smart card — much like the big busts released by Coin, Plastc and Stratos.
We suspected that Google would announce a new payments system at I/O, and we were right. Enter Android Pay.
Your next Samsung Galaxy smartphone could have a neat trick up its sleeves. Just place your phone next to any ol' credit card reader, and press a button to pay. That's because Samsung just announced that it's buying LoopPay — a company that figured out how to trick magnetic stripe readers to accept your money wirelessly.
The Poynt Smart Terminal is like a one-size-fits-all payments system. It has an NFC antenna, a magnetic swipe reader, a Bluetooth antenna, a QR code reader, a printer for receipts, and even an Android tablet to boot. So not matter how the future of payments pans out, you'll be able to get your dang cup of coffee.
Remember Coin, the card that promised to put all your credit cards on one handy chunk of plastic, and then suffered from substantial setbacks that may make it useless by the time it comes out? Well now it has a competitor. This is Plastc, another upcoming supercard with some seriously big promises that will be even harder to keep.
It looks like Snapchat, everybody's favourite disappearing message app, is getting ready to handle mobile payments. This week, the company filed two payments-related trademarks that seem to signal a shift in its business. But don't get any bright ideas about Snapchat the disappearing money app. There's probably a simpler explanation.
Samsung's new Galaxy S5 is being launched in Australia tonight, and there's one nifty thing we didn't know about before. If you have a bank account with Westpac, or Commonwealth Bank, you've got a brand new reason to upgrade. The Galaxy S5 is the first handset in Australia that lets you shop without having your credit card handy from these two banks.
Today, Amazon launched a new feature called "Login and Pay With Amazon" that allows you to use your Amazon account as both a payment method and login credentials for third-party retailers. It's the Amazon Payments feature that's already available combined with the third-party login service that's already available from the likes of Facebook and Twitter.
The Commonwealth Bank outed its Kaching near-field communications product for payments way back in 2011, and since then all seems to have gone quiet around the whole idea of paying for stuff with your phone, until now.