At least one competitor of payment-service provider WePay Inc. is working to take advantage of WePay’s decision to cease providing a hosted checkout service for online merchants. 2Checkout.com Inc., Columbus, Ohio, this week began wooing merchants that may want to stay with a hosted checkout service rather than use the …
Read More »Twitter Getting Serious About Payments and Commerce? It Might Be
Social media network Twitter Inc. may be on the verge of enabling full-fledged commerce, and payments, for the more than 230 million monthly active users of the service, according to a report on Re/code, a technology news site. In it, Re/code says Twitter is nearing a deal with Stripe, …
Read More »Global Gateway Adyen Sees $14 Billion in 2013 Transactions, Up 40% from 2012
Global payment gateway provider Adyen processed more than $14 billion in global payments in 2013, a 40% increase from $10 billion in 2012, the company recently announced. n Mobile transactions in particular are growing for the Amsterdam-based company, and taking a larger share of overall transactions. Mobile payments accounted for …
Read More »Aiming at Larger Enterprises, Roam Debuts a Centralized Management Tool for Mobile POS
U.S. retailers and businesses using Roam Data Inc.’s mobile point-of-sale card reader and its software have a new tool to manage multiple readers. Boston-based Roam released Monday ROAMmcm 5, a platform for controlling the payment card readers that attach to smart phones and tablets. n With it, entities can set …
Read More »Tapping Its Security Reputation, Brink’s Teams with 2Checkout To Offer Online Payments
Hoping to build off its security reputation, The Brink’s Company announced Tuesday it launched Brink’s Checkout, an e-commerce payment service in conjunction with 2Checkout.com Inc., an e-commerce payment-services company. The famed armored-car company will market and sell Brink’s Checkout, while 2Checkout will provide the payment processing, oversee the merchant application …
Read More »Sequoia Promises Mobile Payments at Card-Present Rates, With No NFC or Bluetooth
A mobile point-of-sale service called Sequoia is promising card-present transaction rates for merchants using it, says developer 1Oak Technologies. n Using technology already inside smart phones, the app then creates an encrypted radio wave that is picked up by the Sequoia receiver attached to the payment terminal. That device creates …
Read More »Authentication Layer Helps E-Commerce Conversion Rates in Some Countries, Not in Others
The online payment card authentication technology known as Three Domain, or 3-D, Secure, and marketed as MasterCard SecureCode and Verified by Visa, have mixed impacts on e-commerce conversion rates around the world, according to a joint study commissioned by international payment gateway Adyen and consulting firm Edgar, Dunn & Co. …
Read More »DoubleBeam Buys GoPago’s POS Business; Amazon May Have a Piece, Too
DoubleBeam Inc., a mobile retail and point-of-sale company, has bought mobile POS system maker GoPago for an undisclosed sum. This counters a report last week that suggested e-commerce giant Amazon.com Inc. acquired GoPago. San Francisco-based GoPago, founded in 2009 and backed by a 2012 investment of an undisclosed amount from …
Read More »PayPal Picks up StackMob In Bid to Streamline Payments Features for Mobile Apps
PayPal Inc.’s acquisition of mobile developer StackMob Inc. may help it build a talent pool to more quickly and easily deploy mobile apps, suggests one analyst. n “We are building one of the most modern, advanced development environment and infrastructure in the payments industry,” a PayPal spokesperson says. “We believe …
Read More »Apple, Shopkick Among First to Deploy Bluetooth LE for Commerce; PayPal’s Closing in
A wireless connectivity standard known as Bluetooth Low Energy appears to be getting a high-energy reception in payments and commerce. Apple Inc. is among the first to put the technology to use in its stores. On-the-spot rewards company Shopkick is testing it in two Macy’s stores, one in New York …
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