The battle to bring out an invincible pay system is getting tougher by the day. Google launched a mobile payment assistance app called Google Wallet in 2011 but got overshadowed by Apple Pay, which made a late entry last year in October. The internet search beast is not quietly accepting the competition; according to reports, Google is now planning to roll out a new pay service.
Tentatively titled as ‘Plasco’, Google’s forthcoming service is one step ahead of all the payment services ever emerged. If the rumours are to be believed, then Plasco has been designed in a way that Android users don’t require to take their phones out of their pockets. The new system activates on its own when a user enters a store with Bluetooth on. At the time of paying to the retailers, users just have to utter their initials at the cash counter, and the payment will be made automatically.
Google Wallet
The service runs as an app and is provided to retailers by Google. When users step in a store, the retailers are notified of the Plasco users and can make the payment. Clearly the system seems too easy to be secure. Right now, Google is in the testing phase, seems like there is some time before we know clearer details and features about the service.
If you thought you had good ideas that you could share with people and make some money out of it, it’s become rather easy. YouTube, which has become the largest repository of informative and entertaining videos along with some rants and hurtful comments, now allows you to collect tips through the virtual tip jar.
This update is a great initiative from YouTube. Google has struggled with the great YouTube experiment as the website demands massive investments to run at optimum speeds but the revenue from the website has been low. The ads gradually became a menace and folks went with an Adblock solution which again harmed the websites revenue stream. Google will take a tiny 5% cut off each video that is an acceptable considering the huge platform they offer.
Youtube’s platform has been used by everyone, from prominent corporations to a blogger, sending out his thoughts from the bedroom. It surely has made a lot of people famous as well as wealthy. It did occasionally give undue attention to certain folks, but that’s what you from a completely free and open ecosystem.
Fan Funding is mutually beneficial for the content creator as well as the company
This initiative was announced at VidCon this year along with features like viewer translated videos. A YouTube user can translate the video and give it subtitles, and the owner has the authority to accept or decline the videos. It was seen that the viewership of the videos greatly increased when it was translated into multiple languages. This will let a channel attract a larger viewer base as well as help in a free and fair exchange of ideas throughout the world.
To make a contribution to a channel, a user must have a Google Wallet account. A support button will be added on the info card, or on the channel page, using which people can make the contributions.
Crowdfunding has been immensely successful in bringing ideas, films, prototype products and much more to the real world. These innovations would have had a tougher time seeing the light of the day if they had taken the tough route of impressing venture capitalists to fund their products. Using crowd-funding, consumers can invest in the projects they like and clearly make a consumer oriented market.
Currently, the service is available in U.S., Australia, Japan and Mexico and will be extended to other nations. To access the YouTube Fan Funding feature, users can use PC web browsers and the official YouTube Android app (version 5.7 or later).
We have been waiting to get our hands on the Apple’s new iPhone 6 with its new design. But while we wait, there are many other rumours flying high. Most recently, the rumors are that along with the launch of the highly anticipated iPhone 6, Apple will also launch a Google Wallet rival.
According to these rumors, Apple is in talks with major credit card company Visa to collaborate and create an iWallet technology that could revolutionize the way consumers pay for goods. As noted by the publication, a direct partnership with Visa — or any similar company — would be a huge step in bypassing the payment processing chain, saving both merchants and customers money.
Apple is aiming to proceed with its payment system without handing over any control to wireless carriers, which may allow it to avoid difficulties that its competitors have faced. It has been expected for some time now that Apple would step into the mobile wallet sector and use the millions of shoppers who already store their card information with its iTunes Store and App Store. The iPhone maker has had to be cautious after seeing Google Inc. and others fail to rally users to make payments using their phones.
With partnership talks ongoing, Apple is also working out the technology behind a mobile payment system. The reports illustrate that the company at one point planned to integrate Near Field Communication (NFC) modules in its iPhone lineup, though other rumors claim the system will rely on Bluetooth and Wi-Fi.
In either case, sensitive customer information is likely to be stored in the iPhone’s secure enclave or alternatively in the cloud.
