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October 27, 2015 12:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/1MTDHDSYbtY/chase-and-mastercard-jump-into-mobile-payments
Chase and MasterCard Jump Into Mobile Payments
itwbennett writes: JP Morgan Chase said Monday that it plans to launch its own smartphone payment platform in mid-2016. 'Chase Pay will be based on CurrentC, a retailer-led mobile payment system that has largely been written off by Silicon Valley techies for its reliance on barcodes rather than the more sophisticated NFC (near-field communications) technology adopted by its competitors,' writes Martyn Williams. CurrentC, and therefore Chase Pay, is compatible with a much larger number of smartphones than the rival services from Apple, Google and Samsung.Meanwhile, MasterCard announced a program that aims to turn any type of gadget into a payment device, from car keys to fitness trackers.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/1MTDHDSYbtY/chase-and-mastercard-jump-into-mobile-payments
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