Consumers, banks and the technology industry all have a vested interest in the success of mobile payments and one of the most anticipated mobile-payment platform finally arrives in consumers’ hands. Will Isis help push the adoption of NFC-based mobile payments or will it prove that NFC tech is the wrong direction for mobile payments?
- On Monday, the Isis mobile wallet makes its debut in Austin, Texas and Salt Lake City, Utah. Consumers with NFC-enabled Android devices will be able to use the mobile wallet to make purchases by waving or tapping their devices at a special payment terminal in participating retailers.
- PayPal Here, the PayPal version of the Square payment dongle, is now available at 1,800 AT&T Wireless stores in the United States. By attaching the dongle to an iPhone or Android device, users can accept payments by swiping a payer’s debit or credit card. Customers can purchase the dongle for $15 and they’ll receive a $15 PayPal Here credit.
- The Federal Reserve will hold its next board meeting on Tuesday and Wednesday. After the central bank’s last meeting in September, Fed Chairman Ben Bernanke announced that there will be an ongoing round of quantitative easing to push rates down even further. Also, new projections indicate that interest rates won’t rise until mid-2015. We can expect an update on the economy outlook and progress of the latest round of bond-buying.
- Dynamics, an innovator of payment cards and platforms, will announce the launch of its ePlate credit card via a live webcast on Tuesday. The ePlate credit card allows users to select what types of rewards they would like to receive for the purchase that they are about to make. We’ll see which consumers will be getting this card.
- A new study finds that companies are increasing the perks that are offered to employees through 401(k) retirement plans, after cutting down on benefits during the recession. Many companies are match employee contributions again and they are also offering 401(k) advice. However, savers aren’t saving enough — possibly because they do not seek out advice.