CTIA Wireless, the U.S. cellphone industry’s annual trade show, kicked off in New Orleans Tuesday, where major credit-card and cell-phone companies plan to make a splash with new wares and services as more people go mobile with their banking and other every-day activities. Watch Barclaycard’s Managing Director of Consumer Markets Paul Wilmore discuss how the new Barclaycard Ring MasterCard aims to combat low trust in banks and is the first social credit card to be designed and built through community crowd sourcing:
Key speaks this week include: Julius Genachowski, Chairman of the Federal Communications Commission; former President Bill Clinton, Visa President John Partridge, Mozilla CEO Greg Kovacs, heads of all the major wireless carriers, and CNBC “Mad Money” host Jim Cramer.
On Monday, MasterCard unveiled a suite of services to enable “mobile wallets” and services for banks, merchants and partners to make it faster and easier for their customers to make purchases in stores or online by allowing them to securely pay with a click of the mouse, touch of the tablet screen or tap of the smartphone. American Airlines and Barnes & Noble will be among the first merchant partners to incorporate the PayPass Online checkout button on their websites, and American will integrate PayPass Wallet into its mobile application.
“Consumers are looking to pay for goods when, how and where they choose. Merchants want flexibility to easily accept digital payments so they can convert more browsers to buyers both online and in store,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “We realize that when it comes to payments, no single wallet will rule them all. PayPass Wallet Services simplifies the shopping experience while providing flexibility and choice to merchants, banks and consumers.”
Samsung Electronics Co. will likely display samples of the Galaxy S III, the new smartphone launched in the United Kingdom last week, that the company hopes could be a competitor to Apple’s iPhone.
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