contactless payment | GIZMODO.cz

Well, it's been no secret that Samsung was hoping to cash in on this summer's Olympic fever. In fact, we all but knew its latest and greatest smartphone was going to be the handset-maker's Olympic Games Phone. Today, however, the union has been made official via an announcement with Visa. Trialists and Athletes sponsored by the brands will have access to a special edition "showcase device" with Visa's payWave payment application onboard. The collaboration is, of course, a drive to push the penetration of contactless payments in both the UK and the world stage. Payments under £20 won't need a passcode, and users will also be able to check their balance and purchase history from the app. It's estimated there'll be about 140,000 contactless terminals in the country by the time the Olympic tanks roll in, so plenty of places to pick up that official merch for the family back home.

Continue reading Samsung and Visa pull the starting trigger on Olympic payment collaboration

Samsung and Visa pull the starting trigger on Olympic payment collaboration originally appeared on Engadget on Wed, 09 May 2012 08:52:00 EDT. Please see our terms for use of feeds.

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MasterCard introduces PayPass Wallet Services, Online and API at CTIA 2012

MasterCard's PayPass is certainly one of the bigger players in the contactless payment scene. But, simply putting a few thousand branded payment terminals in stores across the nation isn't enough. The next step is expanding that empire, not only in terms of locations and handsets, but by turning the phone into just an accessory in a larger ecosystem. PayPass Wallet Services is a new umbrella product that includes an online payment system, a branded service and an API that allows developers to integrate PayPass into their own proprietary offerings. Simply put, PayPass is no longer a product, but a platform. The service remembers not only credit cards, but shipping addresses and other identifying info that streamlines the shopping process, while the API means that others can build value added offerings around PayPass. There's even a dedicated Android app.

The company is hoping to have the system ready for a broad roll out by the third quarter of the year. When that time comes, a pile of partners have pledged to support it in various ways. The names on that list should ring at least a few bells: Intel, Barnes & Noble, Newegg, MLB and American Airlines. It all seems pretty impressive (though, we'll reserve judgement till we get to try it out). Your move, Google.

Zachary Lutz contributed to this report

Gallery: MasterCard PayPass Wallet Services