Tag: payment

Instagram Adds In-App Payments Feature

A couple of days after Facebook’s annual developer’s conference, Instagram has now added a new feature to its app. Without making any big announcement, the photo-sharing platform added an in-app payments feature for a few accounts. The feature lets users add a credit or debit card and a pin. After the initial setup, users can make purchases from within Instagram.

Currently, users are able to book appointments at restaurants, spas through a Resy, a third-party dinner reservation app. With the new feature, users will be able to book services from a limited number of businesses on the platform. In March 2017, the company announced its plans to give business profiles the option to let users book their services. At the time, the company said it that it would roll out the feature in late-2017, however, that didn’t happen.

In-app payment method has become an important feature for Facebook-owned properties. WhatsApp recently introduced the feature and is currently in testing phase. WhatsApp even introduced verified accounts for businesses in order to gain traction from owners and customers of small to mid-level businesses.

Must Read: Snapchat Spectacles 2 Launched At US$ 150

The photo-sharing app has a lot of influencers who promote all kinds of products. If Instagram does find the feature useful and makes it available to all its userbase, it can go a long way to help businesses that run on Instagram. In India and many other places, there are small businesses like football jersey sellers, handmade jewellery sellers etc which operate through Instagram. These home-run businesses usually leave a WhatsApp number to place an order. Now, with the new feature, users can simply select what they want and make a payment from within the app.

The feature, as of now, is only available to a few users in the US and UK. With time, we expect Instagram to roll out this feature to other countries as well.

May 5, 2018
Paytm’s Mobile Wallet Will Soon Be Accepted at Café Coffee Day, Domino’s and More

After stepping in the e-commerce market, Paytm is geared to diversify into the offline space. The digital recharge start-up has partnered with thousands of quick service restaurants (QSRs) in major cities of India to provide cash-less service in the next two months. By stepping in offline retail business, the mobile recharge service will offer customers a choice to pay through their secure platform without the need to carry cash.

The Vice-President (Business) of Paytm Amit Lakhotia stated on the same –

We are now foraying into the offline space. We have partnered various QSRs covering 7,000-10,000 outlets in cities like Delhi, Mumbai, Bangalore and Hyderabad.

He further added that the service should be available by mid-June. Some of the restaurants that have joined hands with Paytm include top food chains like Café Coffee Day (CCD) and Domino’s. The company is planning to add more more restaurants where their Paytm Wallet can be functional.

Lakhotia stated on the growing acceptance of their virtual wallet application, “Mobile wallet usage is definitely growing in the country. On our platform alone, about 66 million people are using the wallet services and the number will cross 100 million much before the year ends.”

The company commenced the Paytm Wallet app with its debut in e-commerce space. Paytm wallet allows users to transfer money within the wallets. The app offers users to transfer money to a bank account from the wallet so that they can cash out the required amount.

Paytm expects to observe a steep increase in revenue by the year end. Right now, its revenue rate is $1.5 billion, but it is expected to multiply more than double to $4 billion by end-2015.

Meanwhile, Paytm provides its services to the online services like Uber, BookMyShow, eBay and IRCTC.

May 4, 2015
HTC Could Pay Up To $8 Per Handset Sold To Apple in New Agreement

Over the weekend, HTC announced that it has licensed several Apple patents for 10 years, and will pay the company an undisclosed amount per phone sold to use several features in its Android devices. The agreement came after a several year patent battle between the two companies, in which Apple accused HTC of patent infringement and even managed to delay the release of its One series devices in the U.S. through an import ban. While the statement also referred to “cross-licensing” of a select number of HTC patents, likely pertaining to LTE technologies, Apple is expected to be the ultimate winner in this deal.

With the licensing settlement announced, it could set the bar for other Android OEMs, many of whom do not have the deep pockets of Samsung. So just how high is that bar? HTC is likely paying Apple between $6 and $8 per phone sold, which could account for nearly $200 million in revenue for Cupertino if HTC’s projection of 30 million devices sold next year is accurate. The Taiwanese company is already paying Microsoft some $5 per handset sold, but HTC says neither deal will have a material impact on its finances. HTC’s revenue for 2012 is expected to be roughly $10 billion CDN, though its last few quarters have seen a precipitous drop in net profit.

Whether other companies will follow suit remains to be seen, but this is unlikely to be the last time we hear about Apple’s renewed, albeit less frantic, war on Android.

November 13, 2012
Apple Pays for Swiss Railway Clock Design

Apple may be willing to spend millions in court over some copyright fights, but it has learned the lessons of history and has decided not to mess with the Swiss.

Last month, Switzerland’s railway operator SBB took Cupertino to task for stealing the design of its clock for iOS 6’s Clock app. Now the world’s favorite fondleslab manufacturer has agreed to pay up and license the design from SBB, rather than risk the wrath of the Swiss railways.

The iPad Clock app, according to an SBB spokesperson, was “an unauthorized use by apple,” and thus they needed to work out a “legal and financial” resolution to the issue in order to prevent copyright infringement. However, SBB later admitted that it was “rather proud that a brand as important as Apple is using our design,” to clarify that they weren’t simply taking money for the use of the design. SBB already does in fact license the clock’s design to other companies, including the watchmaker Mondaine, so it can be assumed that Apple did pay to use the design.

According to SBB, the railway clock, which was originally designed by Hans Hilfike in 1944 has become “a symbol of innovation and reliability.”

October 14, 2012
WIMM – The Wearable Android Module

The Wimm Module has been developed by Wimm Labs to be an extensible and customizable touchscreen module that can be incorporated into devices such as watches, remotes, and other modules that can be small enough to be integrated with wearable products.

The device sports a 1 inch square, full colour 160x160px capacitive touch screen display and its wifi and bluetooth ready versions also feature an accelerometer as well as a magnetometer. The devices run a modified version of the Android operating system and are compatible with most devices running Android, Blackberry or iOS.

Weighing only 22 g, the Wimm Modules are designed to be integrated into a wide range of products from watches and pendants to ‘Smart’ wallets. Possible applications include use as calendars and appointment books, pedometers, calorie counters and other health trackers, mobile payment solutions, music and video players, file storage, and universal remotes.

August 25, 2011
Paypal throws a hook, Launches Mobile to Mobile NFC Payments

Paypal usually not preferred by Sellers has announced a new Mobile-Mobile NFC payment system at the Mobile Beat 2011. NFC equipped Device owners, majorly Nexus S, can accept transactions from other NFC equipped devices.

Currently the functionality is limited – there is only the Nexus S which is supported- and only specific type of transfer requests can be made. Paypal promises its working hard to roll out the system more commercially. Also to note – Inter-Mobile transactions will be free of cost especially if you are using a tied bank account or Paypal credit.

The app will be available for free in the Android Marketplace in the coming months. Check out the video demo below

July 14, 2011
Apple will Pay Nokia $600 Million upfront, and $550 Million Yearly Post That.

According to Deutsche Bank analyst Kai Korschelt, The dying breed Nokia stands to sustain in the market thanks to is greatest rival today – Apple. Apple and Nokia announced early on Tuesday that they had reached an agreement regarding a series of patent disputes filed by each company over the past few years.

Korschelt estimates that Apple will give Nokia a $608 million lump-sum payment up front. post that, Apple will like pay Nokia a 1% royalty on all iPhones sold each quarter as a licensing fee. At the current market sale rate, the fruit company will pay the team at Espoo a whopping $550 Million in yearly licenses.

[toggle title_open=”Close the Release” title_closed=”Read the Nokia release from Tuesday” hide=”yes” border=”yes” style=”default” excerpt_length=”0″ read_more_text=”Read More” read_less_text=”Read Less” include_excerpt_html=”no”]Nokia enters into patent license agreement with Apple

Apple payments to Nokia settle all litigation and have positive financial impact

Espoo, Finland – Nokia announced that it has signed a patent license agreement with Apple. The agreement will result in settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission.

The financial structure of the agreement consists of a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement. The specific terms of the contract are confidential.

“We are very pleased to have Apple join the growing number of Nokia licensees,” said Stephen Elop, president and chief executive officer of Nokia. “This settlement demonstrates Nokia’s industry leading patent portfolio and enables us to focus on further licensing opportunities in the mobile communications market.”

During the last two decades, Nokia has invested approximately EUR 43 billion in research and development and built one of the wireless industry’s strongest and broadest IPR portfolios, with over 10,000 patent families. Nokia is a world leader in the development of handheld device and mobile communications technologies, which is also demonstrated by Nokia’s strong patent position.

This agreement is expected to have a positive financial impact on Nokia’s recently revised outlook for the second quarter 2011 of around break-even non-IFRS operating margin for Devices & Services.[/toggle]

June 17, 2011
Google Launches Mobile Wallet Payment Service (PR)

Google Inc. has officially announced the NFC based Mobile wallet payment service, in the United States. The Service comes with tie-ups and offers from retail and financial partners including Subway, Macy’s, Walgreens, Toys ‘R Us, First Data, Citibank and MasterCard.

At the Get go Nexus S 4G will be the only compatible phone, “over time, more phones will be supported” and Google even suggested that phones without built-in NFC could simply use an NFC sticker (the Google Wallet app itself will work on non-NFC phones as well). Only Citi MasterCard or Google Prepaid Card with the service, the Google prepaid card can be purchased through any existing card.

PRESS RELEASE

Google, Citi, MasterCard, First Data and Sprint Team up to Make Your Phone Your Wallet

Google Wallet will enable consumers to tap, pay and save with their phones

NEW YORK–(BUSINESS WIRE)–At an event today, Google, Citi, MasterCard, First Data and Sprint announced and demonstrated Google Wallet, an app that will make your phone your wallet so you can tap, pay and save money and time while you shop. For businesses, Google Wallet is an opportunity to strengthen customer relationships by offering a faster, easier shopping experience with relevant deals, promotions and loyalty rewards.

“Macy’s is always looking for cutting-edge technology that will deliver value and engage our customers in personal ways. Google Wallet delivers this unique interaction across channels.”
“Today, we’ve joined with leaders in the industry to build the next generation of mobile commerce,” said Stephanie Tilenius, vice president, commerce and payments, Google. “With Citi, MasterCard, First Data and Sprint we’re building an open commerce ecosystem that for the first time will make it possible for you to pay with an NFC wallet and redeem consumer promotions all in one tap, while shopping offline.”

Google Wallet is currently in a field test and will be available to consumers this summer. At the event, Google, Citi, MasterCard, First Data and Sprint introduced Google Wallet and invited additional issuing banks, payment networks, mobile carriers, handset manufacturers, point of sale systems companies and merchants to join the initiative.

Next Step in Mobile Payments

At commercial launch, Google Wallet will support payments with two payment solutions: a PayPass eligible Citi MasterCard and a virtual Google Prepaid card. Most people who already have a PayPass eligible Citi MasterCard can simply add it to Google Wallet over the air, using First Data’s trusted service manager service. Or, they can fund the Google Prepaid card with any payment card.

Google Wallet uses near field communication (NFC) to make secure payments fast and convenient by simply tapping the phone on any PayPass-enabled terminal at checkout.

Google Wallet is engineered to enable secure payments and goes beyond what’s possible with traditional wallets and cards. It will require an app-specific PIN and in the first release, all payment card credentials will be encrypted and stored on a chip, called the secure element, that is separate from the Android device memory and is only accessible by authorized programs.

“Citi’s role as the lead bank in Google Wallet is the latest demonstration of how we are committed to becoming the world’s digital bank, providing to customers the tools they need to manage their everyday finances with convenience and value,” said Paul Galant, CEO, Citi Global Enterprise Payments. “Today’s announcement and our active collaboration with Google will be looked at as the inflection point for how mobile payments are evolving from concept to mass utilization.”

Accepted in Stores Nationwide

Google Wallet is built to work with the fast growing MasterCard PayPass network-a merchant point of sale service that enables consumers to tap to pay. As a result, Google Wallet will immediately be accepted at more than 124,000 PayPass-enabled merchants nationally and more than 311,000 globally.

“MasterCard has pioneered mobile payments with our PayPass technology and we’re proud that it is at the heart of Google Wallet,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “We’re excited to partner with these industry leaders today and committed to continuing to play a leadership role in the development of mobile payment technologies.”

Google is also working with point of sale systems companies and top retail brands to create a new SingleTap shopping experience. Consumers will be able to pay for an item using a credit card or gift card, redeem promotions and earn loyalty points-all with a single tap of their Google Wallet. Google is working with VeriFone, Hypercom, Ingenico, VIVOTech and others to develop these next generation point of sale systems. Retailers participating in the new SingleTap experience include: American Eagle Outfitters, Bloomingdale’s, Champs Sports, The Container Store, Duane Reade, Einstein Bros. Bagels, Foot Locker, Guess, Jamba Juice, Macy’s, Noah’s Bagels, Peet’s Coffee & Tea, RadioShack, Subway, Toys”R”Us and Walgreens.

“Google Wallet allows us to harness the power of mobile technology to enhance our in-store shopping experience and helps bridge the gap between our online and in-store consumer interactions,” said Martine Reardon, executive vice-president of marketing and advertising, Macy’s. “Macy’s is always looking for cutting-edge technology that will deliver value and engage our customers in personal ways. Google Wallet delivers this unique interaction across channels.”

The first Google Wallet field tests are focused in New York and San Francisco, where many retailers, Coca-Cola vending machines and even taxis are PayPass-enabled, including major outlets such as CVS, Jack in the Box, Sports Authority and Sunoco. First Data, a global leader in electronic commerce and payment processing, is actively recruiting thousands of new merchants in these areas and will soon expand those efforts to deploy more contactless merchant terminals across the country.

“The payments industry has known for some time that it was not a question of if, but when true mobile commerce would become a reality. We believe today is the day that mobile meets payments,” said Ed Labry, president, North America, First Data. “We’re proud to play a central role in Google Wallet and to bring innovative technology such as Trusted Service Management and contactless acceptance to our clients.”

Saving Made Simple

Google has also been testing a variety of consumer deals that can range from a 20-percent discount on a new pair of boots discovered on a Google search advertisement; to a $5 off check-in offer received upon entering a store; to a “deal of the day” offering a $20 lunch for $10 at a local restaurant. Whenever you buy or save an offer, you will be able to automatically sync it to Google Wallet.

At most stores you will be able to use Google Wallet to show your offer at the register, where the cashier will either scan it or manually type it in. At participating Google SingleTap merchants, you will be able to pay and redeem an offer with one tap of your mobile device.

Because Google Wallet is a mobile app, it will eventually be able to do more than a regular wallet ever could-but without the bulk. Google Wallet will start with offers, loyalty and gift cards but some day items like receipts, boarding passes and tickets will all be seamlessly synced to your Google Wallet.

Open Commerce Ecosystem = Consumer Choice and Innovation

Google Wallet will work best if it’s an open commerce ecosystem so you will be able to carry all the credit cards, offers, loyalty and gift cards you choose-and eventually much more. To this end, Google Wallet will make it possible to integrate numerous types of partners, and Google, Citi, MasterCard, First Data and Sprint invite the banking community, mobile carriers, handset manufacturers, merchants and others to work with Google Wallet.

“We are delighted to be the first carrier to sign on as a partner with Google to deliver Google Wallet,” said Fared Adib, senior vice president of product development, Sprint. “As a leading innovator and proponent of “open,” we are proud that Nexus S 4G is the first smartphone with Google Wallet and we look forward to deploying Google Wallet on many of our upcoming Android phones.”

The first release of Google Wallet is expected to be released on the Nexus S 4G on the Sprint network. Additional devices with NFC capabilities will follow. Sign up to be notified about the release at google.com/wallet.

About Google Inc.

Google (NASDAQ: GOOG) is a global technology leader focused on improving the ways people connect with information. Google’s innovations in web search and advertising have made its website a top internet property and its brand one of the most recognized in the world. For more information, visit www.google.com/about.html.

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Additional information may be found at www.citigroup.com.

About MasterCard

As a leading global payments company, MasterCard (NYSE: MA) serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants and cardholders worldwide in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.

About First Data

Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive customer revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.

About Sprint

Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served more than 51 million customers at the end of 1Q 2011 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Newsweek ranked Sprint No. 6 in its 2010 Green Rankings, listing it as one of the nation’s greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.

[Google Wallet]

[Official Google Blog]

May 28, 2011