Flying under the radar amid a flurry of announcements from today’s Google I/O developer conference is the bigger news of how Google is stepping up its efforts to compete with online payment giants with a revamped checkout process for the web, mobile web, within mobile applications running on Android, and more. It’s a proposed death to PayPal by a thousand cuts, leveraging everything from Chrome to Android and even Gmail. What Google hasn’t quite worked out yet is how all this will tie together in the long run, but you can see the plan beginning to form. . . . → Read More: Death By A Thousand Cuts? Google Wallet’s Plan To Take On PayPal Leverages Chrome, Android, Google+, Gmail & More
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Compared to the glut of young tech startups that have popped up in the financial services space over the last several years, Yodlee is a veteran. . . . → Read More: Now Powering Finance Data For 300 Startups, Yodlee Peels Back The Curtain On New Accelerator & 4 New Incubations  Google recently changed its payout schedule for Android app developers, moving from a window that saw developers paid two days after the month ends, to a new window where the payout date is 15 days after the month’s end. The move will allow Google to hold onto payments longer, which benefits the company of course. But when Google informed developers of the change, it cited “new forms of payment” as the reason for the lengthened window. . . . → Read More: Google Extends Payout Schedule For Developers By 2 Weeks, As “New Forms Of Payment” Are Added To Google Play  Google Wallet is getting a facelift today with its latest update, bringing a smoother UI and some under the hood improvements as well. The interface now more closely follows the holo UI guidelines , with navigation tabs along the top of the interface and an overflow settings button to hold all extra functions . . . → Read More: Google Wallet updated with new UI, performance improvements  When Microsoft and Nokia married at the temple of Windows Phone last year, the dowry was nothing if not complicated. Nokia had to pay a minimum amount in software royalties to Microsoft each quarter, regardless of how many Lumia smartphones it sold, but the financial hit was more than cancelled out by Microsoft’s ” platform support payments ” coming back the other way. At some point, however, the net flow of cash was always bound to switch direction, as the cost of the software royalties grew to exceed Redmond’s $250 million quarterly support payments and the whole thing started to mature as something closer to a zero-sum transaction . . . → Read More: Nokia is hooked on Windows Phone, now has to pay for it  Social gifting startup Wrapp is today announcing that it has grown its user base to 1 million within 14 months – proof that people really do enjoy freebies, it seems. The company, which allows users to send both free and paid digital gifts and gift cards to friends, also had a busy holiday season, hitting 1 million gifts sent per week during the period. And it saw 100,000 gift redemptions per week by the end of December . . . → Read More: Social Gifting App Wrapp Hits 1 Million Users (Because People Like Free Stuff)  The iPhone may not come with built-in NFC, but that hasn’t stopped it from finding itself at the center of plenty of NFC-based payment projects. . . . → Read More: US Bank kicks off ‘Go Mobile’ payment trials with NFC-equipped iPhone case  Everyone's favorite universal payment app, Paypal , has just been updated with a few nice features. First off, there's full landscape support in this update — something we're surprised wasn't there before. You can also now set a payment preference for specific stores, so for example you can have one credit card set as a default when you pay Amazon, and another to pay Starbucks. . . . → Read More: Paypal update brings landscape support and payment preferences  Square is probably the most formidable opponent to Google's push for the use of Google Wallet in retail stores. Not unlike Google Wallet, Square requires both the user and the retailer to have a special equipment — an app for the former, and hardware for the latter — to make everything work. And while Google has been struggling to get its infrastructure in place, even with MasterCard's help, Square seems to be taking off as the niche payment system right now . . . → Read More: Square is now processing $10 billion in transactions annually  Just in case you needed more proof that the leaked news revealing a forthcoming physical Google Wallet Card is indeed legit, you can just visit Google’s own Help section on its Google Wallet website to catch a reference to the yet-to-be announced addition. On the page entitled “ Eligible Devices ,” Google mentions that all Android devices with an operating system of Android 2.3.3 or higher are able to download the Google Wallet app for use with the “Google Wallet card.” Of course, “Google Wallet card” is precisely how the new, physical Google card was referred to when the leak was detailed last week. . . . → Read More: Yep, It’s Coming: Google Wallet’s Help Site Mentions The “Google Wallet Card” |
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