DIGITAL WALLET News
Digital wallet world focuses on Android app and anywhere, anytime integrated digial wallet technologies in particular. We link to news, and add expert analysis as well
Anytime, anywhere. The way we pay for things continues to evolve, and your mobile or tablet is becoming your wallet in new ways. Your digital device can be your mobile phone, tablet device and laptop and computers, game systems. Since 'wallet items' are credit cards, debit cards, reward cards/loyalty cards, rechargeable store cards, coupons and gift cards, we admit we're following some interesting and evolving stuff. If you like standards that are already common and consistent, you'll need to wait a few years, so expect lots of changes. But a few standards are emerging. Most modern mobile phones are NFC-enabled, though iPhone up to iphone5 require add-on NFC still (yes, we're surprised too).
recent digital wallet news
digital wallet test: san fran from ABC TV7
Want a glimpse into the future? San Francisco is a good place to check out, here's a hands on look at using digital wallet apps in San Fran from (ABC TV7/consumer reports).
pay pal partners with Discover, home depot, otherspaypal tells investors big push into retail through 2013 (investors.com)
Visa may follow MasterCard add digital wallet transaction fees
Visa likely to follow mastercard's lead and charge transaction fees on pay pal and other digital wallets .See story on Visa CEO's thoughts on digital wallet fees (Reuters/yahoo news.
square digital wallet wants to tranform payments
Here's as few good interviews with Jack Dorsey, the Co-founder of Twitter who is leading startup Square into the digital wallet market full-force. Here's a Jack Dorsey's interview from 60 Minutes, which provides insight into his vision of the future, and gives a layperson's view of square's vision and plans. In Dorsey's interview with Bloomberg, he discusses the business side of digital wallet and other innovations.
Mobile app and pilots are already underway to transform your everyday payment options online, by mobile and in-store. Major players include banks like Citibank, start-ups like Square and billion-dollar Internet pioneers like Google apps and Pay Pal (and eBay company). Starbucks and Dunkin Donuts will be bringing digital wallets to customer soon, and in different ways. Starbucks via its own mobile app and via Square, Dunkin as an app version of its existing rechargeable 'DD' cards and online re-charging options.
coffee perks up digital wallet usage
Considering how Dunkin and Starbucks are everywhere across America, the digital wallet industry hopes these apps will begin to whet the appetite and build consumer confidence in digital wallet technologies. Your daily cup of coffee may be a powerful beginning to the everyday use of a digital wallet simply swiping an app on your mobile or tablet device. A delicious and stimulating way to bring digital wallet to consumer everywhere!
We'll provide insight, advice as digital wallet evolves from concept to standards, and from novelty usage to mainstream and in a few years, to market saturation. Right now is what we call the 'bleeding' edge of technology. Stores have to add equipment, train employees, and usage will vary considerably. Discover will be using paypal in its transactions in 2013, but again we expect lots of variance from store-to-store in actual usage. Also, some phones will have NFC, some like the apple iPhones will not. Look for much more clarity in 2013.