This post is sponsored by Samsung Business. All thoughts and opinions are my own. 2015 will go down in history as the year in which mobile…
Neat tech, bad timing
Samsung is in talks with mobile payments startup LoopPay about potentially incorporating the latter’s wireless credit card technology into its smartphones, according…
As virtual wallets and NFC payments start taking off, Square hasn’t given up on the plastic card. It announced a new program on Tuesday in which its merchants can issue their own gift cards.
This week introduced some new features to its payments that, while hardly groundbreaking, show a new trend toward making geo-fencing proximity sensing a trigger for credit card transactions.
PayPal is taking up Braintree’s Venmo Touch technology, which lets developers put a one-touch purchase button directly into their apps.
Hit an Apple Store in Japan and you can digitally purchase in-store credits for all things Apple. The new program, called iTunes Pass, could hint at Apples larger mobile payment ambitions.
After an initial pilot program, Square is taking the wraps off its new lending program. Square is offering money upfront and deducting repayments directly from merchants’ credit card transactions.
Mystery mobile payments startup Clinkle lands Twitter’s former Principal Designer Josh Brewer. He joins a growing list of top tier talent joining a startup that has yet to announce a product.
You probably won’t see widespread adoption of Eaze soon but it’s an interesting mobile payment system that ties Google Glass with BitCoin. Using the app and a QR code for transactions, you simply nod twice to make a payment.
Stripe’s mobile and online sellers can now list services and goods in the local currencies of 130 different countries, helping them break into international markets. But according to founder John Collison, Stripe has bigger global plans.
Could Apple be adding NFC to a future iPhone after all? It’s difficult to say but a patent filing shows that Apple is at least considering it for part of wireless mobile payment system.
Evenly, a maker of a bill-splitting app, is Square’s second acqui-hire in as many weeks. Evenly is shutting down its app and taking up residence on Square’s seller initiatives development team.
http://finance.fortune.cnn.com/2013/12/09/layoffs-clinkle/ After making news with several high-profile hires from Netflix’s(s nflx) ranks, mobile payments startup Clinkle appears to have concluded it’s a…
Square current Reader, launched nearly two years ago, was a huge hit among Square’s merchant customers. But a few things have always bugged Square about Reader’s design. Now it’s fixed them.
The stealthy startup has stocked its ranks with more Netflix veterans to run its seamless payments system.
Bitcoin may be riding high, but spending it is still hardly an intuitive process. A new device called the nio Card, currently in Kickstarter mode, may provide an answer by allowing contactless Bitcoin payments — and because it has built-in NFC, it will work with the iPhone.
Still not taking Samsung’s efforts to build its own ecosystem outside of Android seriously? Some companies clearly are as 14 additional partners jumped on board with Samsung Wallet for boarding passes, reward cards and more.
Square Cash requires only an email address and debit card to work. The company has stripped out all of the other steps that complicate other mobile payment services.
PayPal announced Thursday the global rollout of its new and improved REST application programming interfaces (APIs), released in beta in March. Many…
Braintree’s cross-app payment service Venmo Touch will now be pre-integrated into Simple’s mobile app, eliminating the final logistical step in moving money from a bank account to an online merchant’s hands.
PayPal is offering two new extensions that will let Magento’s merchants set up shop in PayPal’s mobile app and support mobile payments anywhere in their stores.
Keith Rabois, the COO of mobile payments startup Square, resigned following accusations of sexual harrassment, the company confirmed Friday. Rabois denied the allegations, describing them as a “shakedown,” and said he left the company to avoid distractions.
Square is enabling gift cards for the first time, allowing its users to send presents to each other that can be redeemed at Square merchants. The system also works with Apple Passbook for iOS 6 users.
Mobile payment startup LevelUp is trying to be as open as it can be in what its chief said is an Android approach to payments. By offering white labels apps and an API, LevelUp is hoping to gain wide acceptance with consumers and merchants.
LevelUp said it’s the first mobile payment service to serve every point of sale in a major sporting venue. It’s launching at the KFC Yum Center in Louisville, where users can pay with LevelUp at 200 concession stands.
Tabbedout, a mobile payment system for the hospitality industry, is arming its merchants with customer relationship management tools so they can better understand who their guests are and offer them more personalized service.
With your credit card connected to the Coaster iOS or Android app, you can order and buy a drink and tip your bartender all from your phone without having to saunter up to the bar or flag down a server.
With Square still out of the picture, Europe is becoming a battleground for its clones. And, fresh from an American Express cash boost, Sweden’s iZettle is taking on Germany’s Payleven on its own turf.
Square is launching in Canada Wednesday, its first international market. Merchants in Canada will be able to take credit card payments through their iPhone, iPad or Android device.
Square is growing like a weed and that means only one thing: new digs. It has signed a lease for a new headquarters building in San Francisco, a block away from Twitter. Square expects to have nearly 1,000 employees by the end of next year.
Square’s test of mobile payments in New York taxis has officially come to an end. The startup is terminating its memorandum of understanding with the city because it said it wants to pursue a different hardware and software combination.
Square is launching a web-based directory of merchants who take Square and Pay with Square payments. The service is limited for now but shows how Square can be a better resource for its merchants and better local discovery tool for consumers.
Square is increasing its emphasis on design with the acquisition of New York firm 80/20, which has about a dozen designers who specialize in user interfaces. The acquisition also helps Square expand to New York for the first time.
Groupon has joined the mobile payment race with Groupon Payments, which provides a mobile payment service similar to Square. It’s part of a larger effort to build up its merchants services tool and create a new business outside of daily deals.
Tabbedout, which allows restaurants to offer mobile payments to their customers, is now providing a mobile SDK so businesses with a mobile app can easily integrate Tabbedout payments instead of relying on Tabbedout’s app.
Square is making it official: it has raised $200 million as part of its Series D round including $25 million from Starbucks. The money will help the company to grow as it fends off more challenges from competitors and tries to expand internationally.
As expected, Apple passed on NFC for the iPhone 5. Apple could have provided a big boost to the technology and helped educate users on the merits of the technology. Now, it will continue to struggle to gain mainstream acceptance.
LevelUp is showing NFC some love by replacing its existing payment docks with NFC-enabled hardware. Now instead of just paying by QR code, LevelUp users can initiate payments with a tap of their phone.
NFC in the iPhone may have to wait another year. Anandtech is concluding that the next iPhone, if it comes with a metal backing, will not be able to support an NFC antenna.
Mobile payment startup Square is giving small businesses an option to pay a monthly transaction fee of $275 instead of paying $2.75 per card swipe. That will save money for businesses who do more volume and will give them more predictability about their costs.
Apple’s intent to acquire AuthenTec is another possible clue, in addition to its Passbook software coming this fall, and its experience running one of the most successful e-commerce sites on the planet, as to what Apple might be working on in the area of mobile payments.
UPDATED: NFC reader and software maker ViVOtech is selling off its reader business as it restructures and focuses on software. The company, which has raised $96 million to date, may have burned through too much cash waiting for NFC payments to materialize.
M-Via’s Boom service debuted last year with the goal of restructuring the way people send money to their home countries. M-Via is now getting a big endorsement from mobile operator Digicel Group, which is leading a $17 million round in the newly renamed Boom Financial.
PayPal liked Card.io so much, it not only used the startup to help it capture credit card images for its PayPal Here product, it is now buying the San Francisco startup. The team will help PayPal build out its digital wallet.
LevelUp, a Boston-based loyalty and payment startup, is laying down the gauntlet to other payment competitors by doing away with processing fees forever in what it calls a bid to achieve “Interchange Zero.” It will only make money from selling offers and loyalty services.
London’s Underground metro may have recently introduced Wi-Fi and extra 3G capacity in time for this month’s Olympic Games – but mobile payments remain some way down the track.
Mobile payment startup Square is taking on its most requested feature: unique log-ins for multiple workers. Now, the Square Card Reader app will offer unique log-ins for up to 50 employees, so a manager can have them log-in separately without getting access to the business account.
Near field communication, the wireless technology that’s forever been poised to break out, may finally get the big push it needs. Code pulled from two iPhone prototypes suggest that upcoming iPhones will have NFC controllers connected to the power management unit, according to a new report.
Mobile payment start-up Square is working to fill out its menu of services and today it’s revealing new loyalty, inventory, analytics and discovery tools for Square Register and Pay with Square, helping Square appeal to a wider number of merchants.
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.
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.
Boston rail commuters will soon have the ability to use their smartphones to buy and display their train tickets. The Massachusetts Bay Transportation Authority will launch the U.S.’s first smartphone rail ticketing system this fall through a partnership with London-based Masabi.
GoPago, a cloud-based mobile payment system backed by Chase allows consumers to order and pay ahead from their mobile app and essentially skip the line at all kinds of businesses. It is now launching publicly in San Francisco, the start of a nationwide rollout.
What is it going to take for mobile payments to finally register in the mind of the consumer? Maybe it’s time to think about mobile shopping rather than mobile payments, panelists argued Tuesday at the VentureBeat Mobile Summit.
While Square has been known for its credit card reading dongle, the company is showing even more attention to its payment app, which is being relaunched today as Pay with Square. The mobile wallet app holds the future for Square and its bid to remake payments.
Venmo first popped up two years as an emerging mobile payment start-up, helping users pay each other through text messages. Now, after two years of testing and tinkering, the once private beta service is open to the public though it faces a lot more competition now.
A new survey of consumers in the U.K. and the U.S. found that one in 10 people would consider banking with Apple, and 43 percent of existing Apple users would. Banking would be a stretch for Apple though a mobile payments service could be possible.
PayPal Here, the payment giant’s new Square-like payment system, is a solid competitor but won’t take down Square immediately. But with PayPal’s assets and larger strategy to win over real-world payments, it’s got a shot to overtake its rivals. That is if it can execute.
Boku, which recently introduced a white label platform called Boku Accounts with Mastercard that allows operators to offer in-store mobile payment services, has received $35 million in new funding from New Enterprise Associates and Telefonica Digital, to help it go after offline payments.
Bloomberg is confirming our earlier report on PayPal’s plans to announce a Square-like mobile card reader. The new reader will be a blue triangle device designed by Yves Behar. And PayPal will charge a fee of 2.7 percent on transactions, undercutting Square.
PayPal’s plans to announce a solution for small businesses at an event this Thursday includes a mobile payment dongle that would compete against Square and others, according to sources we’ve talked to. The dongle will allow small business owners to process credit card swipes.
PayPal is making its debut in restaurants and bars with a new partnership with Tabbedout, which lets people pay their tabs using an app. Tabbedout users will able to add PayPal as a payment option alongside existing options for credit and debit cards.
Zipmark, which leverages the existing check-processing infrastructure to create a digital payment system, is opening up its platform to developers. It’s also poised to release an iPhone app next month, enabling consumers to pay bills and make transactions from their phone.
Square, the mobile payment acceptance tool, has gotten a big endorsement from the merchant in chief. The Obama re-election campaign said today it is equipping staff, field organizers and volunteers with Square hardware to allow them to process campaign donations from their mobile phone.
Losing your phone is never fun. But losing your wallet is much worse, and that’s one argument where those trying to roll the mobile-payments…
Card.io last year introduced its “visual swipe” technology that allowed developers to accept credit card payments by taking a picture of a card. Now, the start-up is launching a new consumer payment app for iOS and Android that allows people to receive payments using Card.io’s technology.
What consumers need to understand and embrace NFC is a gateway drug. And that is not likely to be mobile payments, said Andrew Bocking, Vice President, Handheld Software Product Management at RIM. It’s more likely to be personal content sharing through NFC-enabled phones.
Dwolla, an alternative payment system built off cash networks, is taking the next step forward by offering a new feature called Instant, which addresses one of the lingering pain points in the system: the three to five day delay in accessing cash for users.
Mobile payment service Square has taken a stand against NFC touch technology in favor of its own card swipe and location-based services. But transatlantic rival iZettle says that it will remain agnostic as it tries to corner the European market.
Zipmark, a New York start-up that recently graduated from the FinTech Innovation Lab, has raised $2 million to build out its alternative mobile payment system. Zipmark relies on the existing check-processing infrastructure to create a payment system that is fast, simple and cheap for users.
“As of 11 a.m. PST, PayPal is already seeing a six-fold increase (514%) more mobile payment volume on Cyber Monday 2011 compared…
Near-field communications (NFC) is far from being a standard in mobile payments, but the wave-and-pay technology may have gotten its biggest…
Boom, the mobile personal payment and banking service announced in May, is now open, bringing its low-cost mobile alternative to cash remittance services. The service, which targets unbanked workers who often send money home, is launching in the U.S., Mexico, Dominican Republic, Jamaica and Haiti.
We are still far from seeing simple, wave-and-pay NFC as a ubiquitous technology for mobile payments, and even further from seeing consumers…
Square is making its Card Case wallet app hands-free, enabling users to walk into a store and pay without ever pulling out their smartphone. They just say their name and order. The company is showing it wants to perfect the entire buying process, not just payments.
NFC chip maker Inside Secure said it’s shipped 10 million NFC solutions so far this year to a number of manufacturers who are building contactless support into a variety of devices. That far off dream of NFC is finally becoming a reality.
LevelUp, the daily deal play from location-based service SCVNGR, is making another go of it, this time with a credit-based structure that utilizes a new mobile payment system built by SCVNGR. The service is now expanding beyond Boston and Philadelphia to New York and San Francisco.
Square said today it’s up to $2 billion in annual payments processed and has activated 800,000 merchants for its payment system, up from half a million in May. And it’s made a key change in the way it process payments to appeal to larger merchants.
Card.io, a start-up that launched a mobile credit card scanning tool in June, is seeing a strong amount of developer support with 80 iOS apps using its tech to improve mobile payments and transactions. Now, the company is bringing the technology to Android.
Canadian carrier Rogers has filed to become a bank under Canada’s Federal Bank Act, which will allow it to pursue more mobile payments services and a “niche credit card opportunity” for consumers. Expect more carriers to go the same route as the mobile payment opportunity explodes.
This year, much of the promise of mobile payments seems like it is finally coming together. GigaOM chose 25 mobile payments companies who are exerting the most influence in the mobile payment space, showing where it is and where it’s going.
Erply, a point of sale and inventory software provider from Estonia, is looking to jump into the ring with Square and Verifone by offering an iPad payment dongle that will process credit card swipes similar to Square but also handle NFC payments.
For companies trying to convince customers that mobile payments are a viable alternative to options like cash and credit cards, the iPhone could be key. A new mobile device study reveals that iPhone owners are the most open to the prospect of paying with their devices.
The way people have been talking about near field communication, digital wallets and carrier billing, you’d think consumers were ready to embrace mobile payments. But Consumer Reports said consumers may not be as excited about paying for goods with their phones, nor should they be.
Carriers are struggling to address the gap between mobile data usage and revenues even as their networks approach capacity. But those willing to embrace new business models and innovative services still have a chance to thrive in the era of the superphone.
PayPal today unveiled a new peer-to-peer payment functionality that allows Android users to pay each other by tapping two near field communication (NFC)-enabled devices together. The feature shows how PayPal is gearing up for NFC as part of its larger push on mobile payments.
ViVOtech, an end-to-end provider of near field communication hardware and software, has raised $24 million in a Series C round of funding. The funding highlights the growing momentum behind NFC, which is finally coming together as a rising mobile payment and communications platform.
Starting today, diners at all 370 of the U.K.’s Pizza Express restaurants will be able to use the chain’s iPhone app to pay for their meals at the table via PayPal in “less than a minute.” No wait-staff intervention needed.
Verizon Wireless is tapping Payfone, an emerging mobile payment platform, to offer its customers a way to pay for online items via their cell phone bill. The deal illustrates the kind of scale Payfone is putting together with its new payment service.
Even with the rising competition from heavyweights Google and PayPal, Square isn’t sweating the added competition. I talked Square COO Keith Rabois about the increasingly busy mobile payments space, how Square will fare over time and the challenges facing both Google and PayPal.
Google is reportedly planning to jump-start mobile payments with a press event this Thursday, followed by a trial service in five major U.S. cities. Sprint’s Nexus S appears to be the handset of choice; it contains a near field communications chip that works with payment terminals.
As the U.S. continues to wrangle over wireless mobile payment solutions using NFC chips, the U.K. is moving forward. Today, Orange UK launched QuickTap, a way to pay for purchases at 50,000 retail locations. The right incentives, such as cash back, should help spur consumer adoption.
Android owners have one less reason to drive to the bank now that PayPal has added check scanning to its software for handsets running Android 2.1 or higher. I ran through the process to deposit a check over 3G and found it to be relatively simple.
Boom, a new mobile remittance service, aims to undercut existing money wire services like Western Union with a solution that is designed to be cheaper, more flexible and built with mobile users in mind. It’s tapping the huge market for unbanked consumers.
Corduro, a Google Ventures backed start-up, is hoping to provide a potent challenge to mobile payment providers like PayPal and Square as well as back-end payment processors and customer relations software providers with its new cloud payment platform.
Tabbedout, an innovative Austin, Texas start-up that is tackling the problem of closing out bills at restaurants and bars, said it has completed its Series A round with an additional $3.7 million, raising the total to $5.75 million for the round
The pieces are falling into place for near field communications to take off over the next few years, according to a new forecast from Juniper Research, which estimated 1 in 5 smartphones will support the wireless technology by 2014 with 300 million NFC-capable devices available.
AisleBuyer, a Boston start-up, is introducing a new photo card capture technology in the coming months that allows merchants and small businesses to process a payment just by taking a picture of the front of credit or debit card with a smartphone.
For many merchants, the idea of NFC as a credit card replacement isn’t that much of an incentive, said Vivotech CEO Mike Mullagh. The real reason to get onboard with NFC is the promise of more one-to-one mobile marketing through NFC-enabled smartphones.
Someday we’ll all be waving our phones over payment processing terminals to pay for goods but it’s going to take time yet. Four different groups are competing to profit from wireless transactions that use NFC chips. According to MasterCard, this is still a multi-year story.
Apple’s smartphone competitors almost certainly will include NFC in devices in 2011. The iPhone 5 will reportedly pass on the tech according to a report from earlier this week, but a new source says it could get it after all. Which is it?
One major obstacle for NFC technology has been merchant adoption of NFC-enabled point-of-sale terminals. Well, Verifone is reportedly looking to shelve that concern, saying it will include the technology as a standard offering in all of its new payment terminals.
In a shot across the bow of Intuit and Verifone, mobile payment startup Square is dropping the transaction fees it charges businesses. It will now rely solely on a 2.75 percent flat fee and will waive the 15 cent per transaction fee that it previously charged.
A year ago, few people in the U.S. had ever heard of BilltoMobile, a direct carrier billing company. But the San Jose company is fast emerging as a leader in the mobile payments space with direct billing arrangements with Verizon and AT&T and now Sprint.
No sooner do rumors start flying about Apple’s plans for NFC and mobile payments systems in future devices than job listings appear to back up the claim. Apple is now advertising for three jobs, including one engineer position and two global mobile payment platform managers.
PayPal’s Osama Bedier, vice president of platform, mobile, and new ventures is leaving to join Google in a similar position, according to sources close to the situation. Bedier, one of PayPal’s longest-serving employees, will be integral in helping Google ramp up its mobile payment efforts.
Apple will introduce near-field communications technology (NFC) to the iPhone 5 and iPad 2 to be released this year, according to engineers working on the new hardware. The NFC tech could also bring mobile payments to the iOS platform, ushering in new opportunities for Apple.
Square, the mobile payment start-up co-built by Twitter founder Jack Dorsey, has taken on $27.5 million in new funding to help it compete in the increasingly competitive mobile payments market. The latest funding comes from Sequoia Capital, giving the start-up a reported valuation of $240 million
AisleBuyer lets users purchase a product in-store, allowing them to walk out with their item instead of standing in a check-out line. The app brings some of the ease of use of online shopping like quick checkouts and information with tactile, hands-on benefits of in-store shopping.
Three of the top U.S. carriers announced yesterday a plan to work together to enter the mobile payments realm, where they’ll go toe-to-toe with tech giants like Google and Apple. Sparks are bound to fly, but who will come out on top?
AT&T, Verizon Wireless and T-Mobile said they are banding together to create a new mobile commerce network called Isis that utilizes near field communications. The new venture raises questions about how well Isis will compete, and whether it will help kick-start the NFC payments market.
Today at its annual developer conference, Innovate 2010, PayPal will start outlining its plans to become a major force in the world of mobile payments. From new apps to new payment offerings for digital subscriptions, PayPal wants to become the third option to Google and Apple.
Companies looking to attract mobile payment customers, and a slice of the expected $633 billion mobile payment pie, ought to be looking at 18- to 35-year-olds according to a national study, released today. This group is already adopting the mobile web ahead of others.
With the worldwide mobile payments market expected to grow to $634 billion by 2014, a lot of money is being poured into mobile payment startups. If that wasn’t enough, it looks like carriers are teaming up to start a mobile payment company of their own.
For a monthly fee, AT&T can now turn any of its smartphones into mobile payment processors for credit or debit card transactions. Unlike competitors in this space, AT&T’s solution — from Apriva — heavily leverages the browser, allowing for support across multiple devices and platforms.
The mobile payment business is expected to total $633 million by 2014 but PayPal wants a bigger piece of the payment pie now. Today, the company launched PayPal Mobile Express Checkout for e-tailers to offer a fast and safe seamless payment process on iPhone and Android.
Set to be worth $633.4 billion by 2014, mobile payments are finally finding their stride — but it’s not just one stride. Here’s your guide to the most promising emerging options in the space — carrier billing, mobile wallets, point of sale, mobile banking, in-app purchases and peer-to-peer transfers.
After many years of promise, mobile payments are finally finding their stride — but it’s not just one stride. In writing about the space, I admit I’ve been confused many times by what people actually mean when they say “mobile payments.” So here’s a glossary.
The worldwide market for global payments will grow to $633.4 billion by 2014, up from $68.7 billion in 2009, according to a new report by Generator Research. Meanwhile, mobile payment users will grow 600 percent, to 490 million in 2014 from 81.3 million last year.
Venmo is quite simple — it allows you to send payment to your trusted contacts by using SMS. “This is one of the first things I’ve done where my mom understands what I’m doing,” is how co-founder Andrew Kortina put it during an interview today.
While Qualcomm for many is synonymous with wireless, the company acquired Atlanta-based mobile banking startup Firethorn two years ago with an eye to also becoming a major player in the mobile payment space — and in the process, fix the so-called “Costanza wallet.”
Earlier this week, Apple (s aapl) showed off iPhone 3.0, a sorely needed upgraded to the software that powers its iPhone and…
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Sanjay Swamy, CEO of MChek mentioned some details of the deployment of their P2P (person to person) payment option. They’re launching the se…
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