Tag: google

PayPal leads the way in mobile wallets

PayPal is beating out the competition when it comes to mobile wallets and payment support

PayPal seems to be maintaining its lead in the mobile wallets space. The company established a prominent place in the mobile commerce space years ago, being one of the first to draw attention to the convenient nature of mobile payments and through its offering of innovative digital and mobile services. PayPal has faced down competition from other companies that have entered into the mobile commerce space and has managed to excel where other companies have failed.

Survey shows that 71% of mobile consumers make use of PayPal’s wallet

According to a new survey from CMB, consumers seem to favor PayPal over others when it comes to mobile payments. The survey shows that 71% of mobile consumers make use of PayPal’s mobile wallet, which is being used to make purchases in physical stores and on the Internet. Many of those that have not used the wallet to make a purchase in a physical store have reported that they plan to do so within the next six months.

Apple find success in the mobile payments space, beating Google and Amazon

PayPal mobile walletThe survey shows that 55% of consumers are making use of Apple’s new mobile payments platform, called Apple Pay. The platform is quite young when compared to those offered by other companies, but has managed to attract a great deal of support among consumers. Google is falling behind both Apple and Amazon when it comes to mobile wallets, with Microsoft falling dead last. Of these companies, Microsoft has experienced the most difficulty in entering into the mobile payments space, partly due to the lack of popularity for its Windows Phone platform.

Mobile wallets will continue to gain momentum

Mobile wallets have become quite attractive to consumers in recent years. These platforms have become effective at keeping the financial information of consumers secure. Mobile wallets also serve as a convenient way for consumers to conduct commerce. As mobile payments continue to grow in popularity, more mobile wallets are expected to enter the market, and some of these platforms may eventually provide serious competition for PayPal.

Mobile security tech from Google’s Project Vault looks like a microSD card

By using this technology, the goal is to greatly enhance the level of protection to smartphones.

Google has introduced a new project that is geared toward enhancing the mobile security of people’s smartphones, without having to change the way that manufacturers actually produce those mobile devices.

The Project Vault was announced last Friday, which jams a mass of security systems into a simple microSD card.

The majority of smartphones, tablets, and computers already recognize microSD cards as a type of digital storage device. However, at Google’s I/O developer conference in San Francisco, it was revealed that the company is working on a way to use that mobile technology as an upgrade to the mobile security that is already available in the device, but that makes it considerably more powerful.

Mobile security has become a major concern, particularly as smartphones are used for more sensitive purposes.

Mobile Security - SmartphonesAmong the primary reasons that people give for hesitating to adopt mobile payments and to shopping over their smartphones and tablets, for instance, is that they aren’t entirely confident that it will keep their data secure. By boosting the security of those mobile devices, many people feel that consumers will feel more comfortable in broadening their use of the gadgets to include areas such as wallets.

According to the head of the Advanced Technology and Projects group (ATAP) at Google, Regina Dugan, “Project Vault is your digital mobile safe.”

Adding the Vault card will incorporate what is pretty much a secure computer that will guard over a smartphone owner’s personal information. For instance, it can scramble or encrypt chat messages from a messenger app, and it can boost the required levels of authentication that are necessary for your device to recognize that you are who you say you are. The card also uses a near field communication technology (NFC) chip in order to be able to communicate with other very nearby devices.

The mobile security microSD card is only 4 GB and it can be recognized by any type of operating system, including Android, iOS, Windows, and BlackBerry. The software is run directly off the microSD card.