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Up to now, PayPal Holdings Inc.’s Venmo payments service has been strictly a mobile person-to-person product appealing largely to twenty-somethings, but within a year users will be able to pay with Venmo at PayPal merchants if the parent company’s plan works out as expected. PayPal disclosed Wednesday in its quarterly …
Read More »Samsung Pay Adds Card Issuers and Brings Verizon on Board
Samsung Pay, the mobile-payments service from Samsung Electronics Co. Inc., has added 14 Visa-MasterCard payment card issuers. In addition, Verizon Wireless, the holdout mobile carrier that was absent from Samsung Pay’s launch a month ago, is now supporting the service, a Samsung executive said Wednesday. “We’re expanding our ecosystems,” Thomas …
Read More »Mobile Payments Poised for Big Growth, but Apple Pay Not Busting the Charts Yet
The latest forecast for mobile payments at the point of sale echoes what many other studies have said, which is that current volume is minuscule. But a convergence of forces, including mobile wallets coming preloaded with more and more smart phones and more point-of-sale terminals being able to accept new …
Read More »Tablet-POS Maker Revel Systems Delves into Mobile Commerce with a Consumer App
Known for its iPad-based point-of-sale system, Revel Systems said Friday it is making a mobile-commerce app available that merchants can use with their own brands. The app—available now for iOS and Android devices—enables merchants to more easily allow consumers to access product information, check loyalty data, place orders, and pay …
Read More »As It Prepares to Ship Devices, Startup Poynt Wins Key EMV And PCI Certifications
For merchants these days, laying hands on a payment terminal with the needed EMV certifications is hard enough. Finding a certified device with built-in intelligence is even harder. Against that backdrop, a Palo Alto, Calif.-based startup called Poynt Co. on Thursday announced its Poynt Smart Terminal is the first such …
Read More »Square Files for IPO; Heading for More Than $32 Billion in Charge Volume
After alerting the investment community in July that it intended to file for an initial public offering of stock, merchant processor Square Inc. on Wednesday finally went public with its plans. San Francisco-based Square, which first made a name for itself by providing mobile-payment services to tiny businesses and individual …
Read More »VeriFone Snaps Up Curb, a Taxi-Hailing and Payments App
VeriFone Systems Inc. reported Tuesday that it bought Curb, a taxi-hailing service that offers consumers an electronic hailing app. The move boosts San Jose, Calif.-based VeriFone’s involvement in taxis, which started almost 10 years ago, and complements Way2ride, a taxi-payment service VeriFone launched in 2013 to provide. The Curb …
Read More »Eye on Mobile: How the Phone Is Steadily Taking Over Online And P2P Payments
Two reports released Thursday point up the accelerating rate at which consumers are turning to a mobile device rather than a PC to pay an online merchant or another person. The news comes as major tech players like Apple Inc., Google Inc., PayPal Holdings Inc., and Samsung Electronics Co. Ltd. …
Read More »Live Nation Whets Its POS Appetite With a Big Mobile and Fixed-Unit Deal from Appetize
Venue operator Live Nation Entertainment will install more than 4,400 fixed and mobile point-of-sale devices supplied by cloud-based mobile point-of-sale maker Appetize in 32 venues, Appetize announced Tuesday. Four-year-old Appetize says this is its largest single POS deployment yet. About half of the devices in the Live Nation deal …
Read More »At Its Innovation Center, Visa Puts an In-Store Self-Checkout App to the Test
Visa Inc. is providing emerging self-checkout provider Digital Retail Apps another venue to showcase its smart phone-based service by enabling it at the Visa Innovation Center, its technology lab in San Francisco. Toronto-based Digital Retail Apps says Visa will integrate the SelfPay technology into the Visa Everywhere Shop app, enabling …
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