We are reader supported. External links may earn us a commission.

Android

And now, Target Pay

By Jules Wang December 18, 2015, 8:45 pm

It started with Google Wallet which then turned into Android Pay and then it was facing competition from Apple Pay but then Samsung wanted to get in with the action, so it bought a startup and released Samsung Pay and then LG had to give mobile payments a try because if chaebol number one can do it, why not number two, but then hold on a second, Walmart’s here to be its own beacon and now what, Target?

Yes, Target seems to be mulling over entry into the mobile payments field after its largest big box rival in the United States went out to launch Walmart Pay. It has not contacted card issuers and banks yet.

POCKETNOW VIDEO OF THE DAY

Both Walmart and Target remain part of the Merchants Customer Exchange, a conglomerate that runs the CurrentC mobile wallet program. CurrentC circumvents credit card companies and their transaction fees so that participating companies kept more of their money. However, the app’s roll-out has been slow and take-up has been weak — you can bet that those in the MCX are getting antsy to get in on ground level.

All that said, these tap-and-go payment systems all rely on an agreed upon set of technologies, so all anyone needs to do to make money off of it is have the support of financial institutions and develop the software.

Source: Reuters
Via: Engadget

Search

Latest Articles

iOS

Here's how the Apple iPod changed the world in 21 years

iPod was an industry-changing device at its time, and it had a massive impact on modern smartphones, and the way we listen to music. We take a last look at the now-discontinued Apple iPod and the history it leaves behind.

By Roland Udvarlaki May 11, 2022, 10:00 am
iOS

How to use Mic Modes in VOIP and FaceTime Calls

This guide will go over the steps you need to follow to activate one of the available Mic Mode settings on Apple Devices to begin using the feature and improve your calling experience.

By Aryan Suren May 10, 2022, 10:00 am
Phones

This iPhone 14 feature might urge users to upgrade

Until now, it appeared that iPhone 14 would only be a minor upgrade over the iPhone 13 series. However, a new leak suggests that the iPhone 14 will come with one feature that might urge users to upgrade.

By Sanuj Bhatia May 9, 2022, 5:00 am