Just seven months after introducing Sail, a payment platform for small merchants that competed with Square, VeriFone is now saying it is retreating from that business and will look to banks and other channel partners to sell the service to merchants. Read more »
VeriFone is opening up its Sail mobile payment service to developers with a new developer portal. That will allow developers to easily add Sail to their mobile apps. But it will also be a way for developers to offer their services to Sail’s business customers. Read more »
VeriFone’s Square competitor SAIL is showing the first integration with a third-party service. It is working with Stitch Labs to offer customers a way to merge online and offline inventory management. The integration demonstrates how SAIL will compete by being open to outside services. Read more »
VeriFone is taking its newly launched SAIL mobile payment product to Android smartphones after debuting on the iPhone last month. The move helps VeriFone better compete with Square, an early mobile payment leader and PayPal Here, which are both available on iPhones and Android. Read more »
As a small business owner, I’m delighted the field of mobile credit card processing is opening up. I compared Verifone’s Sail and Square’s services while processing payments for my business via my iPhone and iPad. Here’s what I found. Read more »
PayPal’s drive to become a major player for in-store payments is getting a huge push thanks to new partnerships with VeriFone, the top point-of-sale terminal maker and Equinox Payments, the No. 3 terminal maker. The deals now give PayPal access 40 million terminals worldwide. 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 »
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 »
Payment system provider VeriFone is arming its merchants and retailers with new tools to handle the evolutions in commerce. At the National Retail Federation convention this week, the company, is demonstrating how it can help merchants become more mobile, more responsive and dynamic. Read more »
VeriFone is looking to become not just a seller of point-of-sale terminals but a provider of managed services for merchants, whic will need help in transitioning to new alternative payment systems like NFC. VeriFone projects half its revenue in 2015 will be from services. Read more »
VeriFone, which makes the PayWare card swipe sleeve and app, is doubling down on its retail mobile strategy by buying Global Bay Mobile, which provides a suite of mobile software for smartphones and tablets that enable sales people to engage customers away from the POS terminal. Read more »
Are mobile payments the new speech recognition technologies? One of the bigger stories in mobile this year has been the growing investment a… Read more at paidContent »
It’s still too early to say when they Year of Mobile payments will happen. But the important lesson is that mobile payments can’t rely on payments alone to sell itself; it will take a lot of new valuable services to convince consumers and merchants. Read more »
As our demand for data increases, so too do the number of mobile devices and services. Add to that the infrastructure needed to support such connectivity, and a wide, complex picture of the mobile industry emerges. This report examines the various sectors of the mobile landscape and what the future holds for each. Hardware, cloud services, mobile search, advertising, location-based services and the growing ubiquity of the Internet of Things will all play an important role in the concept of mobility as it shifts and evolves over the next several years. With the help of more than a dozen contributors, GigaOM Pro presents a comprehensive analysis of the companies and trends that will lead us into the next era of mobile. Read more at GigaOM Pro »
Mobile payments — payments initiated by a phone for a transaction at a physical point of sale or online — will total over $750 billion worldwide by 2015, and many predict they will soon begin to replace a typical credit card transaction. This report analyzes and forecasts the mobile payments industry, from its current technologies to the companies implementing them and the trends we can expect in the coming months. Much of the near-term growth of mobile payments will be driven by near-field communication (NFC) technology, but QR and 2D bar codes, mobile POS systems and SMS transactions are also important platforms for companies to consider when creating business models and strategies. Meanwhile, services from the likes of MasterCard, Nokia, Amazon and Google offer examples for others to follow and clues into the future of the industry. Additional companies mentioned in this report include Research in Motion, T-Mobile, Zong and Groupon. For a full list of companies, and to read the full report, sign up for a free trial. Read more at GigaOM Pro »
Security used to be fairly straightforward — put boundaries around your infrastructure-holding business data. Today, with the rapid adoption of cloud and mobile computing and the overall consumerization of IT, traditional boundaries have become fluid, which means companies must protect the data itself. Read more »
One thing is clear: Investors love Square, the payments company co-founded by Jack Dorsey, the co-creator of Twitter. The veteran venture capital firm of Kleiner Perkins Caufield & Byers is leading the $100 million investment in the company that is said to be valued at $1 billion. Read more »
The Square credit card reader for iOS devices is now available online at the Apple Store, and will soon be available at brick-and-mortar Apple retail locations. Official Apple Store availability is a significant step in the ongoing rise of Square’s success. Read more »
Payment company VeriFone recently went after rival Square by releasing a demo app that showed how a user could skim credit card info using Square’s hardware dongle. VeriFone claimed the app couldn’t be used to actually skim, but it turns out that it can — easily. Read more »
Some of the groundwork is finally being laid for mobile payments, but the industry still has to find ways to convince users to pay for stuff with their phones. For the mobile wallet to catch on, apps will have to do much more than execute transactions. Read more »
It’s unlikely you missed the big brouhaha between San Francisco-based startup Square and VeriFone, a payment processing services provider. VeriFone accused Square of not being secure and being easily hackable. Dorsey denied. This week’s dust-up makes me wonder if VeriFone quite understands its own business. Read more »
As an experienced user of various credit card processing services, I know why VeriFone is concerned enough about Square to employ the kind of scare tactics found in yesterday’s “open letter” — Square is poised to revolutionize the credit card payment industry in a big way. Read more »
Square founder and CEO Jack Dorsey responded to VeriFone’s much publicized and questionable attack on its security with an understated letter that defends his mobile payment system’s protections, saying VeriFone’s claims are neither fair or accurate and don’t reflect existing protections in Square and credit cards. Read more »
Internet payment firm VeriFone found that you can easily create an app that uses the payment dongle employed by its competitor Square to skim financial and personal info from a user’s credit card, so it went ahead and created one and released it to the public. Read more »
Square, a mobile payments startup co-founded by Twitter creator Jack Dorsey, launched today. It allows anyone to accept payments via mobile phones such as the iPhone and Android-based devices. But the company needs more than hardware to keep ahead of competitors such as VeriFone. Read more »
