Payments

Analyst

Kristina J. Yee

Kristina is a market strategist and change agent focused on the cloud-enabled business and financial services technology. Her interest is in all…

iPad cash register maker Revel raises $100M

Revel Systems had something to celebrate today. The maker of point-of-sale terminals announced on Tuesday it has raised $100 million in a Series C round from private equity firm Welsh, Carson, Anderson & Stowe and other strategic investors.

Zipmark takes aim at the monthly rent check

Zipmark, a payment system that rides on the existing checking network, is working to retire the traditional rent check. It has signed deals with rental payment portals and property management software companies that will enable tenants to pay with an electronic check.

Groupon targets restaurants with Breadcrumb iPad payment system

Groupon is increasing its bet on payments with the introduction of Breadcrumb, an iPad point of sale system designed for restaurants and hospitality customers. The move pits Groupon against Square Register and shows how Groupon continues to expand beyond daily deals.

Facebook turns on “frictionless” carrier billing via Bango

Facebook is turning on new streamlined carrier billing mobile web payments thanks to an integration with Bango. The payments, which can boost conversions up to 77 percent compared to 40 percent for traditional carrer billing payments, are going live in the US, UK and Germany.

Stripe begins global payment quest with Canada expansion

Online payment startup Stripe is expanding to Canada after debuting in the US last year as a simple tool for developers who want to take payments. The expansion is the first step in a plan to go global and enable payments anywhere on the Internet.

For Kore Telematics money and medicine are key to M2M growth

Kore Telematics, which provides cellular connectivity for business who want to span different countries and carriers, is seeing its business grow along with the number of machine to machine connections — especially in the medical device and mobile payments sector. The internet of things is coming.

WePay makes taking payments copy-and-paste simple

Accepting payments online just got easier with WePay, which is offering simple payment buttons that can be installed on a website with online of code. That gives individuals and small merchants an easy way to get a business up and running online.

Braintree expands mobile payment ambitions; acquires Venmo

Braintree, a payment processing company that serves Rovio, Uber, Fab.com and Airbnb, is paying $26.2 million to buy mobile payment startup Venmo. The deal will allow Braintree to expand on mobile payments, the fastest growing part of its business.

Dunkin Donuts gets into the mobile payment game

Dunkin Donuts’ first mobile app is debuting Thursday and it’s offering a way for people to pay via their iPhone or Android device. It works similar to one used by Starbucks, which has had a lot of success since it launched mobile payments.

Mobile payment committee holds promise for more cooperation

Some of the biggest players in the mobile payment space including the four U.S. mobile carriers, Google, Isis, VeriFone and Intuit are joining a new mobile payment committee within the Electronic Transactions Association. It’s still too early to say what this cooperation will yield.

GoPago repositions itself as a free Square rival

The line-up of Square rivals just got a bit longer today with the debut of GoPago Live, a mobile payment service for small businesses. GoPago’s twist is that its offering software and a tablet with 4G wireless, a receipt printer and cash drawer, all for free.

Google-backed payment startup Corduro aims for enterprise

While Google-backed Corduro may have looked like a Square competitor at first, it’s shooting for bigger clients. It signed up a hospital and a university earlier this year and plans to keep going after big enterprise customers while still making its services available to merchants.

Cash register maker NCR joins the pursuit of Square

Square’s list of big name competitors is officially getting another billion dollar company. NCR Corp., the Duluth, GA maker of cash registers and ATM machines, is now launching NCR Silver, a cloud-based point of sale product aimed at small businesses.

LevelUp adds $12M to build out payment service

LevelUp, the local loyalty and payment app, is getting $12 million to expand the service nationwide. The service, which is an offshoot of location start-up SCVNGR, now has 200,000 users, who are spending $2 million a month with the app.

Intuit targets Square by connecting GoPayment to QuickBooks POS

Intuit is taking a key step in its competition with Square and other payment rivals by integrating QuickBooks Point of Sale product with its GoPayment mobile payment product. That means that customers will have an easy way to combine a traditional POS experience with mobile payments.

PayPal rolls out barcode payments in the UK

EBay’s CEO John Donahoe has called 2012 a year of testing for PayPal’s in-store payments as it gears up for a big push next year. The company is making good on that with the launch of its first barcode-based payments in the UK at four retailers.

PayPal rallies 15 retail partners for in-store payment drive

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.

PayPal secures POS makers VeriFone, Equinox for in-store push

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.

PayPal’s key to winning mobile payments: data

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 possibilities.

Credit cards get connected to offer coupons, loyalty

CardSpring last month launches an application platform that allows developers to create applications that can work with credit cards. Now, it’s getting a boost with the help of payment processor First Data, which is using CardSpring’s API as the basis for an offer platform for retailers.

Chirpify turns Twitter into a payment and commerce platform

Chirpify, a Portland, Oregon, startup, is unveiling its Twitter commerce platform today, an all-in-one tool that taps PayPal and allows users to monetize their tweets. The company said it’s the first one to turn Twitter into a direct sales channel.

PayPal lets Facebook users pay friends easier

PayPal began as a way to help people pay their friends easily online. Now, it’s taking the logical step of enabling Facebook users to pay their friends using a new Send Money Facebook app. Users can send free payments to each other accompanied by an e-card.

AmEx lures digital commerce startups with $100M fund

American Express wants to have a stake in the next big digital commerce start-up and it’s establishing a new $100 million fund to make sure it doesn’t miss out. It’s another sign that 162-year-old American Express is anxious to keep evolving.

With X.commerce, eBay eyes a bigger prize as sales enabler

EBay and PayPal formally unveiled their X.commerce platform, an ambitious attempt to bridge online and offline commerce and arm developers and merchants with a host of tools to help them facilitate sales. X.commerce turns eBay into broader technology provider to merchants and developers.

Square what? Dwolla shows the power of cash networks

While tech darling Square gets all the press, mobile payments start-up Dwolla is enjoying its own impressive growth and just hit $1 million in daily transactions, putting it on a faster initial pace than Square. It’s showing the power of building a cash-based payment network.

ZestCash gets $19M to offer data-driven loans

ZestCash, a next generation loan-service for the underbanked led by former Google CIO Douglas Merrill, has raised $19 million to expand its data-driven approach to offering short-term loans. The company uses online data to help determine the credit worthiness of customers.

EBay buys Zong to bolster PayPal mobile payments

EBay is getting more serious with its mobile payments ambitions with PayPal, announcing today that it is buying Zong for $240 million. The move bolsters PayPal’s existing payment system and allows it to offer users an additional way to pay via carrier billing.

Former eBay Exec Leaves to Start Shopping Startup

Randy Shoup, the architectural guru credited with scaling eBay, tweeted Monday evening that he has left the online auction giant to co-found a new consumer-focused e-commerce startup, Shopilly.com. He and another former eBay exec are keeping their plans under wraps for now.

PayPal Wants to Hitch Its Wagon to the Social Train

eBay CEO John Donahoe says the company wants to make its PayPal unit the de facto payment system for Facebook games, Twitter money-sharing and every other kind of social game or service. But PayPal has some work to do before it deserves that position.

PayPal Suspends Personal Payments in India

PayPal says it has suspended personal payments to and from India, as well as transfers to local banks in India. The changes may be in response to new rules in India intended to restrict money laundering.