Google is making the practice of sending money to friends as easy as attaching a document to an email. Using Gmail, you'll be able to attach cash money to your emails using your Google Wallet account, for free. The nice thing is that you don't have to have funds on your account to do this--you can just have a bank account attached to your Wallet account. Recipients of your paper won't need to have a Gmail account, which is one more thing you don't need to worry about, and anyone you send money to can return it to you as well. Google is rolling out the feature now to Gmail users over the age of 18. Check out a video that explains it all, after the break.
Bloomberg reported Tuesday that the service would be available on the Sprint Nexus S across five different U.S. metropolitan regions: New York, San Francisco, Los Angeles, Chicago and Washington, D.C.
Google has sent out announcements to a press event at 11:15 AM local time at Google's New York offices on Thursday, advertised as a partner even where Google will show off its "latest innovations".
Google representatives couldn't immediately be reached for comment. NFC technology is also reportedly being used by the Apple iPhone 5. Three major U.S. wireless carriers recently announced their support for an NFC payment system called Isis, which would let Americans pay for items at retail stores with their mobile phones rather than using physical credit cards.
Google Eric Schmidt, then the company's chief executive, showed off the NFC technology last November at the Web 2.0 Summit in San Francisco, running the "Gingerbread" version of the Android operating system.
Square CEO Jack Dorsey is on stage at TechCrunch Disrupt right now, and he just announced a new product from the company called Square Register. It's an app for the iPad that prety much turns the device into a full on cash register on steroids. It also includes a bunch of analytics, which lets users see all sorts of data. For example, a coffeehouse can see how many lattes they sold last Tuesday, how many customers also bought biscotti, or what trends happen when it's rainy out. The product works with a consumer app called the Square Card Case which acts as a digital loyalty card, menu, receipt holder, map, and payment card all in one. The new Register and Case Card service is debuting with 50 merchants spread across San Francisco, Los Angeles, New York City, St. Louis, and Washington, D.C. These include bakeries, coffee shops, restaurants, salons, flower shops, and more.
In a strange yet potentially devastating move for Indian companies and freelancers, the Reserve Bank of India (RBI) has introduced new directives which forces PayPal to restrict any payment for out-of-country services or goods to $500. This means companies and individuals from India wanting to sell services or products to customers outside of the country will have to keep it to a maximum price of $500 per transaction or do so using other means.
It's unclear why the restrictions were added. It's likely that this will impact the economy of the country, which is becoming very popular in several tech related sectors, especially over the Internet, where PayPal payments are common. The likely outcome is increased corruption, and alternative means of money exchange booming as a result of this.
Read More | PayPal Blog
New iPhone credit card payment service SquareUp has finally been unveiled, and we’ve gotta say, it’s got our attention. The brainchild of Twitter co-founder Jack Dorsey, SquareUp aims to be a simple, sleek, inexpensive, and charitable credit card payment processing service. It works on the iPhone and iPod touch, in conjunction with a credit card reader that plugs in to the audio jack. You get payer verification, receipts that can be sent via email or text message, and receipt signing using your finger. Even cooler, in our opinion, is that Square will donate one penny of every transaction to a charity of the seller’s choice.
If Square plays their cards right, they will be a force to reckon with in the small business arena. The service is in limited beta right now, but Square says it’ll be fully open in 2010. We’ll see if we can’t get a beta account to give you a better look at how it all works.
Read More | SquareUp