Mobile pay

Created date

October 23rd, 2015
mobile pay graphic
mobile pay graphic

Most of us can agree that using credit or debit cards is a more convenient way of shopping than carrying around a bulging wad of cash. But what if there were an even easier way of making payments? Yes, even easier than just sliding your card at the register. Welcome to the age of the digital wallet!

Android Pay

Officially released on September 10, 2015, Android Pay will be pre-installed on all NFC-enabled Android devices on AT&T, T-Mobile, and Verizon carriers. NFC, or near field communication, is essentially an extension of bar-code technology. This technology allows information to be read from a smartphone by tapping or holding it up to a scanner.  

Android Pay is already accepted at over a million locations nationwide and participation is only expected to grow. Android Pay will integrate loyalty programs from shops and use them automatically. For example, if you were to use Android Pay to buy a Coke at an enabled vending machine, points would immediately be entered into the adjoining My Coke Rewards account. The app can also search for and apply special offers and discounts automatically.

Apple Pay

Android’s biggest competitor in the mobile pay game is Apple Pay. Apple Pay is available on its most recent devices, including the iPhone 6, iPad Air 2, and Apple Watch. Apple Pay includes extra security during its transactions as it requires a finger print scan. When using Apple Pay for purchases, users tap the home button lightly and the finger print is scanned and confirmed before a transaction is accepted.  

Apple Pay uses the Passbook app that is already preloaded onto most Apple devices. If you’re not already using it, Passbook lets users store event tickets, coupons, boarding passes, and more.

Samsung Pay

Samsung Pay was first released in the South Korean market last summer and has already become incredibly popular there. Samsung expected a similar response when the app was first released in the United States in late September. Similar to Apple Pay, users will use their finger print to authenticate transactions. However, unlike Apple Pay and Android Pay, which currently use NFC technology, Samsung Pay will use both NFC and MST (magnetic secure transmission) technologies. This will allow Samsung Pay to be used virtually anywhere regular credit or debit cards are accepted.


Another service that makes mobile payments easier than ever is Venmo. Last year, Venmo processed over $700 million in safe and secure payments. Venmo is an app that connects with your Facebook account or email address allowing users to instantly transfer money back and forth. Best of all, Venmo is free to use. Unlike PayPal that requires users to link their bank account to avoid fees, there is no charge for making transfers on Venmo. Venmo can make splitting a dinner bill, taxi ride, or friend’s birthday gift a breeze.