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Is NFC killing Google Wallet?

Google Wallet is turning one, but the application that was supposed to transform the smartphone into a wallet and revolutionize how consumers pay for things has barely gotten off the ground.

Why? The reason may be that Google has bet on the wrong technology: NFC.

A year ago, Google execs, along with its partners MasterCard, Citibank, and Sprint, took the stage in New York City to show off the future of payments. No longer would people have to overload their wallets with cards and receipts. Google's plan was to virtualize it all.

Through an application for its Android smartphones, … Read more

PayPal lures JavaScript bigwig Crockford from Yahoo

Douglas Crockford, a power of the JavaScript world, has moved from Yahoo to PayPal.

Bill Scott, PayPal's senior director of user interface engineering, announced the new hire Saturday, and Crockford's Google+ page confirms the change.

Yahoo is losing only a single person among thousands of employees, but you can bet he's not one they like to see go. Crockford is a high-profile speaker in the tech world, a strong ally for the Yahoo User Interface (YUI) library of JavaScript tools, and a person who brings engineering cred.

Crockford is perhaps best known for an important role in … Read more

PayPal and Softbank team up for 'PayPal Japan' venture

Online-payment company PayPal and Japanese telecom and Internet firm Softbank announced this evening a joint venture, PayPal Japan, meant to create "the premier digital wallet for online, mobile, and offline transactions" in the Asian country -- one of the world's largest economies.

As a first step, the companies said Japan would be the fifth nation to get PayPal Here, a Square-like service that lets small businesses accept credit and debit card transactions -- and PayPal payments -- through a smartphone.

PayPal Here was unveiled in March, in the U.S., Canada, Australia, and Hong Kong. A week … Read more

More Android owners paying for items via their phones

Android owners are increasingly using their phones to make payments on the go.

Nearly 35 percent of Android users monitored by market research firm NPD in March were using mobile-payment apps, a rise of 8 percent since August. Among the people sampled, a larger number are using their phones to move money, buy products and services, comparison shop, and redeem coupons.

"Consumers are doing everything from basic utility (bill pay, moving money, and account management) to using the phone itself to pay for goods and services of limited value (micro-transactions), including buying a cup of coffee or movie tickets,&… Read more

With Bump Pay, sending money is easier than ever

Owe your friend $20? There's no need to go to an ATM. Just bump him the money.

Starting today, sending money can be easier than ever with the launch of Bump Pay, a new iPhone app from the makers of the popular contact and photo sharing service Bump.

If you've used Bump, you already know how to send money with the new app: you simply tap your iPhone against your friend's, and the cash gets sent (see video below).

For Bump Pay to work, both you and your friend need to have the app and a PayPal … Read more

Apple's new iPad hits the streets

week in review Eager iPad shoppers mobbed stores around the world in hopes of getting their hands on Apple's next-generation tablet, which is already sold out online.

Wal-Mart's 24-hour stores in the U.S. got the jump on Apple by selling the tablet a full eight hours before Apple stores even opened. There was limited supply, however. For example, dozens of people lined up at a Wal-Mart in Union City, Calif., which had 40 iPads to sell. And many left disappointed.

At Apple's Fifth Avenue store in New York City, hundreds of iPad fans waited in the … Read more

Gazelle ups iPad 2 trade-in price, but better deals can be had

iPad 2 owners looking to unload their tablets will find some tempting offers online.

Online buying site Gazelle is now offering the following deals for iPad 2 owners aiming to cash in their tablets:

iPad 2 Wi-Fi (16GB) - $260 iPad 2 Wi-Fi + 3G (16GB) - $275 iPad 2 Wi-Fi (32GB) - $290 iPad 2 Wi-Fi + 3G (32GB) - $320 iPad 2 Wi-Fi (64GB) - $300 iPad 2 Wi-Fi + 3G (64GB) - $370 for AT&T and $450 for Verizon.

These prices are for iPad 2 tablets in "flawless" condition, meaning no noticeable defects or scratches, no … Read more

PayPal takes on Square with credit-card swiping device

SAN FRANCISCO--When a startup attracts a giant competitor, it's both a concern and a compliment.

And this morning, PayPal confirmed that it's taking on Square, the San Francisco-based startup whose core business is a device that lets a merchant or individual accept credit cards though a cell phone.

PayPal, a unit of eBay, today released a blue triangle device that plugs into the headphone jack of a smartphone. It's called PayPal Here.

President and CEO of eBay John Donahoe opened up the event at Ghirardelli Square in San Francisco, a location chosen because it's a place … Read more

Rumor Has It, Ep. 24: Google's gunning for iPad, with Asus' help (podcast)

I am writing this blog post from under my desk, because I am too embarrassed to face my esteemed colleagues after the stunt we pulled today. We play the most embarrassing Internet video yet. Starring moi. I have been blushing a deep purple ever since, and because I may now be notorious in downtown San Francisco as that crazy girl in front of the Apple store, I have decided to wear a disguise in public at all times. Guys, it's mortifying. Go watch it.

But--sweet relief!--with the new iPad no longer on our rumor roster, we get down … Read more

PayPal to launch redesigned digital wallet this spring

PayPal introduced a redesigned digital wallet at SXSW 2012 in Austin on Tuesday, which is promised to launch this spring.

Some of PayPal's new digital wallet amenities go beyond just payments, but rather reinforce the platform as a one-stop shop for mobile commerce in general.

For example, users will be able to create personal lists for different shopping situations as well as create budgets by purchase amounts and other metrics.

Then there are a lot of other features that carry over from PayPal's browser platform such as being able to switch from one funding source stored in your … Read more