Fitbit makes fitness trackers, and now, a full-fledged smartwatch that you can make payments with it, thanks to a service called Fitbit Pay.The Fitbit Ionic is Fitbit's first smartwatch. You can read all about the device from here. But if you want to know about its stand-out feature, Fitbit Pay, look no further. You see, Fitbit Ionic is also the first device from the company to bring mobile payments to your wrist. In other words, while you're out for a run, you can hop into a corner store to buy a water, without needing your wallet or phone.Here's what you need to know about Fitbit Pay.What is Fitbit Pay?Ever hear of Apple Pay or Android Pay? (If not, go here and here, respectively.) Anyway, Fitbit Pay is basically the same thing; at launch, it's exclusive to Fitbit Ionic. Fitbit Pay, in a nut shell, is a mobile payment system that works with all contactless payment readers. A built-in NFC chip in the smartwatch allows you to make payments on the go, right from your wrist, so you … [Read more...] about What is Fitbit Pay, how does it work, and which banks support it?
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Verizon and T-Mobile will report solid net new additions to their postpaid subscribers for the fourth quarter of 2015. That is according to the latest forecast made by the securities arm of Wells Fargo bank. The analysts working for the bank shook up their Magic 8-balls twice as hard as usual to predict that Verizon added 1.52 million net new postpaid customers from October through December. 844,000 of them will be postpaid phone subscribers, according to the forecast. The bank says that Big Red's new Go90 video offering did not contribute to the positive results for the quarter. The analysts say that Verizon will report fourth quarter postpaid churn of 1.08%Wells Fargo expects that T-Mobile will report that it added 1.29 million net new postpaid subscribers during 2015's last quarterly period. 917,000 of them will be handset subscribers. Postpaid churn will tally 1.46% for the quarter. Leasing, the latest revenue producer that some carriers are using to provide subscribers with new … [Read more...] about Wells Fargo sees Verizon and T-Mobile reporting strong fourth quarter net subscriber additions
You might have forgotten about Isis, the joint mobile payment effort of Verizon, AT&T and T-Mobile, but the carriers’ over $100 million injection into the service brings it back in the spotlight. The exact amount will depend on how banks react to Isis. Designed as an alternative to Google Wallet, which is backed by Sprint and seems to be already getting traction, Isis offers a payment network working via near field communications (NFC). The carriers have partnered with Visa, MasterCard, Discover and AmericanExpress, and seem to have been quietly working on the service, which seems on track to launch in Salt Lake City in early to mid 2012.If the service increases its followers and catches up with Google, the three carriers may pour huge sums of money as the overall mobile payment market is expected to reach $670 billion by 2015. This year alone, mobile payments are expected to amount to $240 billion. The service, though, won't focus on payments solely, but also allow consumers … [Read more...] about Verizon, AT&T and T-Mobile plan to inject over $100 million to speed up the launch of mobile payment network Isis
A report published out of Asia on Sunday, states that both Sprint parent SoftBank, and T-Mobile parent Deutsche Telekom, are working out the final details of the merger between the two U.S. carriers. German telecom Dutsche Telekom currently owns 67% of T-Mobile, and the plan is for SoftBank to purchase more than 50% of T-Mobile's stock. SoftBank will use a combination of stock swaps and cash to cover the larger than $16 billion price tag on the transaction.Eight major banks will be financing the transaction, including large institutions like J.P. Morgan Chase and Deutsche Bank. SoftBank will originally finance the purchase by using brige loans, which will be replaced using debt issued by Sprint and other longer term solutions. Even though SoftBank already has 9 trillion yen ($88 billion USD) in debt on which it pays interest, the banks have decided to go ahead to fund the purchase.Earlier this year, the deal was hung-up on the break-up fees that both sides would pay. This is … [Read more...] about Report: Sprint and T-Mobile merger plans are being finalized
posted on 13 Jul 2014, 17:51 8 1. billgates (banned) (Posts: 555; Member since: 29 May 2014) Oh boy! I am not seeing this as a good thing for t-mobile customers in the long term. I'd say all 5 customers will jump ship if this goes thru. posted on 13 Jul 2014, 18:03 14 3. g2a5b0e (unregistered) All 5 customers? Try about 45 million. Only about 6 million short of Sprint's total. In any event, there is no chance the FFC & the DOJ will allow this, so it really doesn't matter. It will just end up another very large break-up fee in T-Mobile's pocket. posted on 13 Jul 2014, 18:05 9 4. PapaSmurf (Posts: 10457; Member since: 14 May 2012) And with that break up fee comes more money for spectrum and network upgrades. :') 20. Droid_X_Doug (Posts: 5993; Member since: 22 Dec 2010) If Son-boy wants to put his $ where his mouth is, have at it. The Feds have been very consistent in their response to his claims that a merger is in the best interests of the market - they … [Read more...] about Comments for : Report: Sprint and T-Mobile merger plans are being finalized