mPayy Launches Free Android Mobile Payment Application
"mPayy has announced the availability of its mobile payments application in the Android marketplace for all phones that run the Android operating system. mPayy says it "enables free person-to-person payments between members, and low cost merchant processing through its new Android application." There are no costs for opening an mPayy account or making payments. Personal account-holders can receive free mobile payments while small business account-holders pay merchant processing fees."
Mobile payments and NFC: Who will get paid, and how?
"A host of players are gearing up to try and turn what has for years been a concept--mobile payments enabled by Near Field Communications technology--into a business reality. Carriers, platform providers and financial services companies have indicated their interest in commercializing mobile payments, yet challenges remain to getting systems off the ground. Furthermore, the complex and interlocking set of relationships among the parties involved mean business models are still being tested, and it is far from certain that any such effort will find mass-market acceptance."
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