Takes On The Android

Friday, October 14th, 2011

The world of mobile payments, combined with credit cards, is growing ever crowded at the moment. Now it`s getting even more jammed, as San Francisco-centric has just stepped into the ring.  And, as some analysts predict, it will give the newly launched Google Wallet a run for its money.

It`s already been in use on the iOS system (an operating system specifically geared for Smart Phones) and has made the leap to the Android brand of Smartphone, the #1 competitor of the iPhone, which is anticipating its next big roll-out in early October.

One very appealing quality about the system is that it is a lot faster than its Google counterpart, as it allows users to bypass the more time-consumer parts of the GWallet process (such as not having to type your credit card details in each and every time, which can become something of a pain).

All a user does is hold up their credit card to the phone`s camera. From there, the payment is off on its way, as reported by the website Geeky Gadgets, “within the blink of an eye.”

Also,The SDK can be implemented by interested developers to include the feature for payment within their own applications. The information itself is never stored for safety and security purposes, as well as (when it is being sent out) it is fully encrypted to protect against potential hacking.

The company itself has just started this past June and is already picking up plenty of steam. Tackling the credit card industry with the burgeoning mobile wallet feature is just one step further in the right direction for them.

Venmo is just one of its clients. If the new app does well and offers significant buzz against Google, it might find itself on very high demand.

“Venmo’s mission is to make payments between friends simple and fun. Venmo works on all mobile devices and modern web browsers, so no matter where you are, you can quickly pay friends back,” reads their website. Just one perfect candidate for the new app.

Credit card issuers are already in the know of pertinent mobile payments, as Visa itself is geared to reveal its own Wallet sooner rather than later.

“More than half of Americans are going to have a Smartphone by the end of 2011,” said Arnold Taubman, an economist with Credit-Land. “I wouldn`t be surprised if we see more and more of these payment apps appearing on the market.”

Latest Other Card News

Friday, September 1st, 2017
Identity theft and banking fraud concern more and more Americans, according to a recent FICO survey. And that is not a surprise as credit card fraud continues to grow, especially ...
Monday, June 6th, 2016
If your wallet is bulging with store loyalty cards, there’s good news for you from Samsung Pay. The most widely accepted mobile digital wallet system in the United States is now ...
Tuesday, April 12th, 2016
Springtime is the season for house hunting, but many people planning to move this year say they’ll rent, not buy, their new digs.
Tuesday, January 5th, 2016
Online banking has revolutionized the way people do business with their banks, and one result is that fewer and fewer folks are actually stopping in to branches to do things like ...
Tuesday, December 8th, 2015
A new credit card from Barclaycard offers cash back rewards, as well as a redemption bonus when cardmembers redeem their rewards.
Best Credit Offer
Horizon Gold Credit Card
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Horizon Card Services Horizon Gold Credit Card
Copyright © 2001-2018 All Rights Reserved.

* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions. makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that may be compensated by the credit card issuers when the readers apply for a credit card through this site. is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. does not review or list all available financial or credit offers.

Disclosure: Not an access card.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.