Groupon is reportedly testing out its own Square-like mobile payment service. It’s a sign that local deals and loyalty providers are increasingly looking at adding mobile payments services to help build out their tool set for merchants and retailers. Read More »
Tech
PayPal unveiled 15 national retail partners that will support its in-store payment system, which is set to compete against the likes of credit cards and other emerging payment tools. It also launched a new mid-market payment tool for medium-sized businesses with multiple locations. Read More »
While VeriFone’s Square rival SAIL looks nothing like Square’s credit-card-swiping dongle, the company veered into flat-out imitation with its legal user agreement, which lifted much of its language directly from Square’s merchant user agreement. Read More »
PayPal’s years of experience in online payments is one of its biggest assets as it chases mobile and in-store transactions. But the by product of all that experience — mounds of data — could be an even bigger weapon. PayPal’s chief scientist Mok Oh explains the … Read More »
Isis, the mobile payment joint venture of AT&T, Verizon and T-Mobile, has added American Express cards to its wallet. The news helps build more momentum for the Isis payment platform, which now has a broad array of payment cards that will work inside the mobile wallet. … Read More »
MasterCard is expanding its mobile payment service PayPass into a larger platform called PayPass Wallet Services that will enable PayPal-like online payments and will include APIs for developers to integrate their payment apps and services with PayPass. Read More »
Payment provider VeriFone is doubling down on the small and medium sized market with a new payment open platform called SAIL that will look to give merchants a more flexible tool for conducting transactions. SAIL also puts more big name pressure on Square. Read More »
Boku, one of the leaders in carrier billing, has finally signed a direct billing deal with Sprint, giving it direct integration with all four major U.S. operators. The broad coverage should make it more appealing to merchants and open up potential sales of non-digital goods. Read More »
V.me, Visa’s digital wallet competitor to PayPal, is scheduled to debut this fall in the UK, France and Spain. It will be an online payment service at first but the bigger plan is to make it an in-store tool for transactions using NFC. Read More »
Casual food restaurant chain T.G.I. Fridays has become the first national chain to incorporate mobile payment option Tabbedout, which will allow diners to open a tab and pay their bill right from their smartphone. Read More »
Even with the threat of PayPal looming, Square is seeing no slow down. The company told Bloomberg Wednesday that its annualized rate of processed transactions is now up to $5 billion, up from $4 billion a month ago Read More »
PayNearMe, a cash payment system that lets users pay for online purchases, bills and bus tickets at 7-Eleven stores, is now offering a fully mobile payment option. Users who don’t have a card can complete their purchases without having to print out anything. Read More »
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