ENTRIES TAGGED "isis"

Commerce Weekly: Isis Wallet/NFC payments struggle for a foothold

Cashwrap brings Isis to iPhone, Target's price match goes year-round, and Shopgate makes products the point of sale.

Here are a few stories that caught my attention in the commerce space this week.

NFC-enabled Cashwrap case equips iPhone with Isis

At the 2013 International CES this week, Incipio and AT&T announced the launch of Cashwrap, an NFC-enabled iPhone case that equips iPhones with the Isis Wallet, currently only available for NFC-compatible Android phones. According to a post at 9to5Mac, the case will be available in March and will cost $59.99 to $69.99.

9to5Mac shot a short video of the product from the CES show floor (the Cashwrap representative mistakenly indicates the case will support iPhone 5 — at launch, it will support iPhone 4 and 4S):

When Isis launched in October, some questioned the viability of the payment platform and whether or not it was addressing a real problem. In a report at Consumer Reports, Jeff Blyskal concluded: “Isis, like Google Wallet, still seems to require a lot of work and needless complexity for the questionable convenience of paying by cell phone.” Now, on top of the complexity and questionable convenience of NFC payment, iPhone users must not only attach an appendage to the phone, but fork over a not-so-insignificant amount of cash — all for a payment platform that’s only available in Salt Lake City and Austin, and only at select retailers.

At Telecoms.com, Elliott Holley covered a recent report by financial research firm Celent that says the issues NFC payment technology has faced thus far are only going to be compounded in 2013 and that NFC payment solutions will be overshadowed — perhaps ultimately replaced — by cloud-based wallets. Celent senior analyst and author of the report Zilvanas Bareisis told Holley that not only is using the technology still much more difficult than swiping a credit card, but in markets such as the U.S., “the infrastructure bill is huge and convincing retailers and merchants is difficult.”

Holley highlights a key insight from the Celent report:

“Part of the problem for NFC digital wallets is that while the physical POS world is dominated by cards and the mobile equivalent is to have payment credentials inside the phone and sent to the POS via NFC, the online world is dominated by cloud-based wallets such as PayPal. That makes it difficult to bridge the online-offline convergence of customers who use their mobiles while shopping to read product reviews, compare prices and order online, or pick up an item from a local store, according to Celent.”

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Commerce Weekly: Square’s big moves

Square gets a bigger office, embraces Canada and plans to double its staff. Also, PayPal Here, Isis, Apple and Google Wallet news.

Here are a few stories that caught my attention in the commerce space this week.

Square gets international, plans major growth; PayPal Here hits retail

Square made a couple of big move announcements this week. First, the company literally will move to a new office space in the Central Market area of San Francisco by mid-2013, according to a report by Leena Rao at TechCrunch. Rao notes that the company has grown to more than 400 employees and reports Square plans to expand its staff to almost 1,000 people before the end of 2013.

Square also announced this week that its service is now available in Canada, at the same 2.75% rate it charges in the U.S., according to a report by Ingrid Lunden at TechCrunch. Lunden reports one of the obstacles for Square in Canadian as well as European markets is that its dongle depends on the magnetic stripe on the backs of credit cards; many credit card processes in these markets use a chip-and-pin system instead.

The obstacle isn’t insurmountable, however, as Lunden notes, Square’s partnership with Starbucks to incorporate its Pay With Square app service as a mode of payment might pave the way forward with retailers in other markets, making the card processing format irrelevant.

Square competitor PayPal Here was on the move this week as well — into retail shopping. Rao reports in a separate post at TechCrunch that PayPal CEO John Donahoe announced a U.S. retail deal with AT&T during eBay’s earning call this week. PayPal Here previously had a retail presence only in Japan with Softbank. Rao reports that Here will retail for $15, with the purchaser receiving a $15 discount upon signing up; Square is sold in 20,000 outlets in the U.S. and sells for $10, with a $10 purchaser sign-up discount, Rao reports.

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Commerce Weekly: Targeting Amazon

Strategic brick-and-mortar retail campaigns to battle Amazon, Square ends NYC taxi pilot, and Isis prepares for launch.

Here are a few stories that caught my attention in the commerce space this week.

Strategic maneuvers aimed at Amazon

Best Buy LogoRetail competition against Amazon is starting to heat up coming into the holiday shopping season. On the heels of Wal-Mart’s recent moves to square off against Amazon, two other big box brick-and-mortar retailers have announced strategies targeting the Internet retail giant.

Ann Zimmerman reports at The Wall Street Journal that Best Buy not only will price match with Amazon this holiday season, but will also offer free delivery for products that are out of stock. Target has its sights set against Amazon as well. In a report on Target’s planned holiday strategy, Natalie Zmuda at AgeAge notes that tactics include “a price-match guarantee against a group of competitors that includes popular online retailers such as Amazon.” Target also is using QR codes in its holiday campaign to combat “showrooming” on the top 20 selling toys.

In somewhat related news, the US Post Office also is making moves into the e-commerce market. Victoria Stilwell reports at Bloomberg that starting in November, the US Post Office will begin testing its same-day delivery program, called Metro Post, in the San Francisco market. The service is aimed at local physical retailers, which could in turn give them a leg up against Internet retailers like Amazon. Stilwell reports that to participate in the Metro Post test, retailers need 10 or more physical locations throughout the US, with one or more within the test market boundaries.

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Commerce Weekly: Another mobile wallet is on the way

Commerce Weekly: Another mobile wallet is on the way

Isis Mobile Wallet is coming this summer, Canada gets its first mobile wallet, and NFC benefits may trump privacy concerns.

Isis announces Mobile Wallet partners and a rollout plan, Rogers Communication and CIBC partner to bring a mobile wallet to Canada, and a look at the theoretical benefits of NFC. (Commerce Weekly is produced as part of a partnership between O'Reilly and PayPal.)

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Commerce Weekly: Google Wallet vs Isis is coming soon

Commerce Weekly: Google Wallet vs Isis is coming soon

Preparing for the mobile wallet wars and in-app purchases continue to rise.

Mobile wallets are in their infancy, yet pundits are already handicapping future showdowns. Also, in-app purchases show increasing promise as mobile revenue streams. (Commerce Weekly is produced as part of a partnership between O'Reilly and PayPal.)

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Commerce Weekly: Small banks lagging in mobile

Commerce Weekly: Small banks lagging in mobile

Small banks struggle with mobile and a look inside Netflix' data.

As banking goes mobile, smaller banks must find a way to keep up. Also, Netflix data is deconstructed at the Strata Conference, and commerce-related highlights from the Mobile World Congress.

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Commerce Weekly: Daily Show skewers freemium CEO

Commerce Weekly: Daily Show skewers freemium CEO

Tap Fish's addictive business model, Isis' NFC partner, and consumers' payment preference.

The Daily Show questions Tap Fish's addictive business model, Isis chooses an NFC partner, and a new survey says consumers may think mobile payments are more secure than credit cards. (Commerce Weekly is produced as part of a partnership between O'Reilly and PayPal.)

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Commerce Weekly: Verizon drops Google Wallet

Commerce Weekly: Verizon drops Google Wallet

Mobile payment fragmentation, swipe-and-pay lives up to its name, and Starbucks plays with augmented reality.

Telecom's resistance hints at more mobile payment fragmentation, criminals take the "swipe" part of "swipe-and-pay" literally, and Starbucks uses augmented reality to create a viral marketer's dream. (Commerce Weekly is produced as part of a partnership between O'Reilly and PayPal.)

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ePayments Week: Who do you trust for mobile payments?

ePayments Week: Who do you trust for mobile payments?

Consumers trust old school, PayPal researches online game payments, and a look at smartphone market share.

A survey by Ogilvy & Mather shows consumers trust Visa, MasterCard & American Express the most, but PayPal beats out Google and Apple. Also, PayPal researches online game payments, and a quick look at smart phone platform market share.

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ePayments Week: Is “0000″ your passcode?

ePayments Week: Is “0000″ your passcode?

Bad passcodes, in-app payments for all, mainstreaming mCommerce.

In the latest ePayments Week: 10 iPhone passcodes make up 15% of all those in use. Also, Google In-App spreads its wings beyond the Chrome store, Isis signs deals with major credit cards, and execs expect mCommerce to be mainstream in 4 years.

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