SAN DIEGO--CTIA President Steve Largent cited a recent Forrester study that said m-commerce sales on smartphones alone would reach 11 billion this year before blossoming to a hefty 45 billion by 2017. He then clarified that reaching that number would not be without its own challenges--a sentiment echoed by the speakers at the final keynote at the CTIA MobileCon trade show here.
During a leadership conference in Houston, Starbucks executives said that the company will begin using Square Wallet for mobile payments starting in early November. At that time, customers will be able to use the Square directory to find more than 7,000 U.S. Starbucks stores.
Starbucks released an updated version of its prepaid card application for Apple's iPhone, adding support for the iOS 6 platform's new Passbook service.
MasterCard released a new mobile payment software development kit enabling card issuers, network operators, merchants and third-party developers to build Android and BlackBerry applications integrating its PayPass contactless payment technology.
The Isis mobile wallet and payments network is going to miss its target of launching this summer because it is still fine-tuning the overall customer experience, according to a senior Isis executive.
Google will discontinue its branded prepaid card on Oct. 17, saying it has outlived its usefulness now that the Google Wallet contactless payment application supports all credit and debit cards.
Financial services firm Fiserv is rolling out SpotPay, a matchbox-sized reader that plugs into an iPhone or iPad, enabling small businesses to accept credit and debit card payments.
PayPal is rolling out a mobile payments application optimized for Microsoft's Windows Phone operating system. The app joins PayPal's existing mobile services for Apple's iOS and Google's Android.
SCVNGR, the startup behind the fast-growing LevelUp mobile payment application, is introducing new hardware that supports transactions across all Near Field Communications-enabled handsets.
More than 1,000 AT&T retail stores across the country now offer m-commerce startup Square's signature card reader, bringing the number of U.S. locations selling the product to more than 20,000.