Smart Technology Commentary: "Cash, credit or smartphone?" isn't something you're likely to hear at a retailer or restaurant. Mobile ordering can be a major perk of buying things with your smartphone, depending on which app you use. For instance, PayPal's (NASDAQ: EBAY) app supports phone-based ordering at some restaurants. The other big selling point for in-store mobile payments is that some merchants offer special deals and coupons to those who use them. For instance, Google (NASDAQ: GOOG) Wallet has deals with several different retailers to automatically log your purchases to their loyalty programs.
There's no mobile wallet service that works at every store, and those that depend on near-field communication (where you wave your phone over the payment terminal to make a purchase) either don't work on Apple's (NASDAQ: AAPL) iPhone, or require you to buy a special, rather pricey case. Read this full article on FoxBusiness at http://www.foxbusiness.com/personal-finance/2014/06/27/is-mobile-wallet-right-for/
In other technology developments: SmartMetric, Inc. started patent infringement proceedings against the payments card giants, Visa Inc (NYSE: V) and MasterCard (NYSE: MA) International some three and a half years ago in the Southern District Court of California. The lawsuit brought by SmartMetric, Inc. is over the use of its patented technology by the payments card monoliths in respect of the new EMV chip cards that a
|SOURCE FN Media Group, LLC|
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