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Mobile payments are paving the way for cell phones to go where only credit cards have gone before. Paying for purchases conveniently with your mobile phone is moving full steam ahead for merchants, carriers and consumers. [MORE...]
Samsung and Visa are headed to the Olympics with a mobile application that allows contactless payments at the point of sale. Based on Visa's payWave technology, the system lets customers pay by holding their mobile phone in front of a contactless reader at the point of purchase.
The app is being prepped for use at the London 2012 Olympic and Paralympic Games.
"London 2012 is a unique opportunity to show the future of payments coming to life and leave a lasting legacy post-2012," said Sandra Alzetta, head of innovation at Visa Europe. "The new mobile payment application is central to this showcase."
The ease of paying your tab at restaurants and bars just moved up another notch. Thanks to Tabbedout, a free mobile payment app that lets users open, view and pay their bill with their iPhone or Android phone.