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Isis gains support from major smartphone manufacturers

Isis, which is a collaborative effort by Verizon, AT&T and T-Mobile to push NFC-based payments on smartphones, has announced partnerships with several smartphone makers. RIM, Motorola Mobility, Samsung, Sony Ericsson, LG and HTC have all pledged support for Isis. This means all the aforementioned companies will create mobile devices that carry NFC chips. These phones will conform to the technical standards and business practices of Isis.

Google Wallet rumors suggest a September 19th launch

Assuming this leaked screen capture is showing some accurate details, then it looks like Google Wallet will be launching a bit later today. Of course, the support for Google Wallet is going to be pretty limited at launch including only those with a Nexus S running Android 2.3.4. Further evidence that this is indeed an more »

George Costanza named as first Google Wallet customer [Video]

Google may have officially unveiled Google Wallet back in May, however they have just recently offered up a video showing off their first customer. Of course, its just a spoof video and not a true customer, but it is one that fans of Seinfeld will probably get a good laugh at — George Costanza and more »

HP’s love affair with NFC technology builds up steam

A report last week stated that HP was considering adding NFC chips to its upcoming smartphones and tablets. The industry is betting on NFC to be widely used in conducting monetary transactions in stores around the world. Even though Zoosh has the potential to seriously disrupt the demand for NFC chips, HP is moving forward with its plans.

Naratte develops NFC technology that doesn’t rely on new hardware

Near-field communication (NFC) is on the verge of ushering in a new method in conducting mobile payments. Google Wallet is a service that will use the Nexus S 4G to allow users to link their credit cards to their phones. Whenever someone with an NFC-enabled device visits a store that accepts NFC payments, transactions can be completed simply by placing the device near the store’s scanner. One major restriction to NFC payments is the requirement to have a NFC chip embedded within a device. A company named Naratte is looking to change that requirement with new technology it’s calling Zoosh.

HP may put NFC chips in future devices

Hewlett-Packard may not let the mobile payment craze pass by without getting a slice of the action. Big companies such as Google, T-Mobile, AT&T, Sprint and Verizon are getting into that business, and there are plenty of customers for everyone. Bloomberg reports that HP is considering putting near field communication (NFC) technology into its devices. The company hasn’t made any official announcement, but don’t be surprised if HP does so soon.

Google takes the lid off Google Wallet

Though it was leaked ahead of time, Google officially announced Google Wallet today in New York City. Google Wallet is still in the testing phase and is scheduled to be released soon. When it’s made available, the only device that will be able to use it is the Nexus S 4G which is available on Sprint. Other near field communication (NFC) phones will benefit from Google Wallet later down the line.

Sprint’s NFC payment service will launch this year

Add Sprint to the ever-growing list of companies that will adopt near-field communication technology to provide contactless payments for customers. Sprint looks to be the first major carrier out of the gate with this new service. The company expects to have everything up and running sometime this year.

The question of security with NFC-based payments

Over the past few days, we’ve been bombarded by speculation and official statements regarding near field communication-based payments. Major companies such as Samsung, Google, Apple, Amazon, Mastercard, Citibank and Visa are either involved or believed to be involved with this new payment option. The purpose of this technology is simple. Instead of using a physical credit card, people can wave their NFC-compatible phones in front of a scanner to complete transactions. This market is estimated to grow exponentially over the next few years and we’re going to have to get used to it. The big question that will undoubtedly come up deals with security. How can these manufacturers ensure that this won’t usher in a wave of identity thefts and unauthorized purchases?

Amazon may be getting into mobile payments

Near-field-communication technology has become a hot topic lately. This technology can be implemented into phones to create a digital wallet. Instead of using cash or whipping out the plastic, customers could wave their phones in front of a scanner in the checkout line to complete transactions. Funds are automatically deducted from their account, and it only takes a second. Since we’re always walking around with phone in-hand anyway, NFC-based payments can be very convenient. Google and Apple are believed to be working on NFC software for their mobile operating systems and now Amazon has joined the fray.