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Paytm launches NFC soundbox accepting card and QR-based mobile payments

The idea of a single device is eliminates the need for merchants to keep a separate EDC card machine, QR codes and a sound box for payment alerts. The device comes with all three capabilities.

Watch: Tesla owner implants chip in hand to unlock car

"The company that put this together literally has its own app store where you can wirelessly install apps into your body with these chips," said Brandon Dalaly.

RBI suggests pre-paid cards for easier e-commerce payments

In TFA, a user first signs into bank account and then keys-in a one-time password received on the mobile phone to complete the transaction. However, the e-commerce firms feel this is a cumbersome process.

RBI ready to relax 2 factor authentication norms

The regulator has set a limit of Rs 2,000 per transaction even for contact-less cards. The RBI said it has arrived at this conclusion after examining the trade-off between security and convenience.

IDF 2012: Intel, MasterCard collaborate to improve online shopping experience

Intel Corporation and MasterCard Inc. announced a multi-year strategic collaboration to provide an improved security and consumer payment experience...

NFC-enabled Samsung, LG, RIM smartphones get Visa payWave certification

Visa Inc. and Visa Europe, in an official announcement stated that NFC-enabled smartphones from Samsung ...

Nokia incorporates PayMate's NFC technology for India

Nokia only recently showcased their smartphones equipped with the NFC technology. Now one of the country's leading wireless transactions ...

Mobile Wallet roll out starts with small change

Virtual wallet technology that lets people pay for a coffee, newspaper or sandwich by swiping a cell phone at a checkout is finally set to start rolling out, executives told the Reuters Technology Summit this week in Paris.