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Payments

The Edgepay terminal that uses NearBytes technology to allow card-free payments via mobile...

Last year, Brazilian startup Kinetics unveiled its NearBytes technology, which has now found a commercial application in the form of the Edgepay point of sale (POS) terminal that allows card-free payments of goods and services using a mobile phone.  Read More

Expedia site processing bitcoin option

The ever-expanding business uptake of bitcoin continues as more companies realize its increasing popularity amongst tech-savvy consumers. As a result, many progressive companies like Virgin Galactic, Overstock.com, and Atomic Mail have embraced the digital currency as a method of payment. Now Expedia.com has added its name to that list by announcing that it, too, will accept bitcoins for payment of hotel accommodation.  Read More

Mobile network operators across Africa and the Middle East have teamed up to accelerate mo...

Nine mobile network operators across 48 countries in Africa and the Middle East have joined forces on the GSM Association’s Mobile Money Interoperability (MMI) program. The program aims to develop standards and implement convenient and affordable financial services across the regions, where many citizens have limited access to traditional banking services.  Read More

This used 2013 Tesla Model S was purchased for 91.4 Bitcoins (Photo: Lamborgini Newport Be...

The value of a thing is what it will bring, or so says an old financial aphorism. It appears that the value of Bitcoins earlier in the month was such that 91.4 Bitcoins had the same value as a used Tesla Model S in Newport Beach, a quiet beach town midway between LA and San Diego in California.  Read More

Just as Microsoft is reportedly phasing out Microsoft Points, Amazon is launching a simila...

If you’ve ever owned an Xbox, you’re probably familiar with one of the most annoying payment systems known to humankind: Microsoft Points. They’re great for Microsoft’s bottom line, and nothing but a hassle for customers. Well, the folks at Redmond may finally be ready for change – as the dreaded points are reportedly on their way out. Yet, not far away – at that other Seattle-area tech company – Amazon just launched a similar payment scheme for its Kindle Fire ecosystem.  Read More

The Geode comes with a removable card for debit and credit card purchases, in addition to ...

iCache Inc has announced the release of the Geode, a secure digital wallet for the iPhone 4 and 4S, which the company states to be the first of its kind, worldwide. Available in several colors and simultaneously acting as a protective case for your iPhone, the Geode is a device which promises to store all your credit, debit and loyalty cards in one secure platform - turning an average trip to the grocery store into something which resembles a scene from a James Bond movie.  Read More

RumbaTime GO watch collection

It's not always convenient to take your wallet with you wherever you go. Times like a morning run or bike ride, it can be easier to leave your cash and ID at home. What happens if you're out on a run and want to stop for a cup of coffee? What if you have a medical emergency or become injured during your trip? RumbaTime's series of GO-enabled watches aim to solve those problems by letting you bring your cash and all your medical information along with you wherever you go in a small colorful watch.  Read More

ROAMpay credit card swiper for iPhones, Blackberrys, and Droids

The ability to turn a smartphone into a portable credit card swiper makes sense for small business owners on the go, as well as anyone who happens to be out of cash. Like Square, the new ROAMpay device plugs in to the audio jack of your smartphone. Using the company's app, you get the same functions as using a traditional credit terminal and it's available on iPhone and Android.  Read More

Some iPhone screen grabs which show how PayPal Send Money 2.0 app keeps you solvent

If you have a PayPal account and an iPhone, chances are you’ll never again be caught short of money when you’re out and about. PayPal has released version 2.0 of its Send Money application for iPhone, which means account-holders now have even fewer reasons to carry cold, hard cash around with them. Three nifty features in the free app are Bump, where iPhone users physically bump phones to “magically” transfer money from one account to the next, a Split Check calculator and the Collect Money function, which politely prompts debtors to pay up.  Read More

Take credit card payments on your iPhone with Square

The proliferation of credit cards as a payment method preferred by millions of consumers has led to the co-founder of Twitter, Jack Dorsey, creating Square – a credit card reader device that makes any mobile phone a cash register. Retailers can hook up the credit card reader to any device with an audio input jack, including a mobile phone. And consumers never have to worry about carrying cash again (well, almost).  Read More

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