Video: How PayPal is enabling mobile payments in Toronto

By Gadjo Cardenas Sevilla

Earlier today, I went on a tour in dowtown Toronto with Alexander Peh, PayPal Canada’s head of mobile, to preview mobile apps that make everyday life easier. PayPal has been in the online and micro-payments business for many years now and they've adopted the latest technologies. Their mobile solution, which works on iPhones, Android devices, Windows Phone and BlackBerry phones, is compatible with over 100 businesses in Toronto which can enable secure payments.

Alexander Peh explained how  mobile apps and online food delivery services make use of PayPal payments these  include parking app HonkMobile, ride sharing app Blancride, Beck Taxi, food ordering service Grabb, Kupfert & Kim and grocery and booze delivery service Urbery. PayPal earns a commission on each transaction made with these retailers and service providers.

Samsung to take on Apple Pay and Google Wallet with LoopPay

Samsung’s latest acquisition might bring them a step closer to taking on both Google’s and Apple’s payment services. LoopPay is joining Samsung’s mobile branch and it seems to be a good buy for Samsung. They no longer need to build their own service. They just have to make use of LoopPay’s already wide reach.

LoopPay is a convenient solution because it doesn’t need any hardware upgrades for contactless payments. Existing point-of-sale terminals can be turned into mobile payment hubs for LoopPay. Details of the acquisition haven’t been revealed. It also hasn’t been said if Samsung plans to pull out LoopPay’s existing apps on Apple App Store or Google Play Store.

Source: Samsung | Via: Android Community

Apple Pay mobile payments to begin on October 20

Apple announced today that with some 500 new banking partners, it would launch the Apple Pay mobile payments system in the US on Monday October 20th. Apple says that , "Apple Pay offers an easy, secure and private way to pay using Touch ID on iPhone 6 and iPhone 6 Plus in stores and within apps. Users of the just-announced iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free update to iOS 8 which is coming on Monday as well.

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Hacked screenshots show support for money transfer on Facebook Messenger

Facebook might soon let you transfer money to your loved ones on its standalone messaging app.  Based on hacked screenshots taken by Stanford computer science student Andrew Aude, there is a button to initiate and send money. And you don't have to worry about your News Feed knowing about the transaction since it is kept private.

There will be an in-app pincode you have to enter to make sure the money goes to the intended individual. According to Aude, the feature currently only allows money transfer using a debit card.

Source: TechCrunch | Via: UPI