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A wider array of payment cards and more finely targeted advertising are among the features and capabilities the Isis mobile-payments venture previewed on Thursday for possible launch in 2014, following the venture's national rollout. In pulling back the curtain, however, the venture, which is backed by mobile-network behemoths AT&T Mobility, …
Read More »Google’s NFC Move Hands New Opportunity to ISOs, But Much Depends on Carrier Reaction
Independent sales organizations and other acquirers could exploit Google Inc.’s move to decouple mobile payments based on near-field communication technology from a phone-based secure element, observers say. At the same time, much depends on how the mobile carriers, which have held tight control over the secure element, react to Google’s …
Read More »Working with a Startup, Google Cuts the Ties Between NFC And the Secure Element
For two years, Google Inc. and Verizon Wireless have been at odds, with Verizon blocking the online search giant’s access to SIM cards on Verizon devices for Google Wallet. But on Thursday Google released a new version of its Android mobile operating system that not only slices through that Gordian …
Read More »PayPal Offers To Waive $50,000 in Fees to Sort out Winners in the Tech Startup World
In a bid to forge closer ties to the increasingly important business of creating and marketing mobile apps and other software products, PayPal Inc. this week announced it is waiving transaction-processing fees for nascent developers in a new program it calls Startup Blueprint. The offer is limited to $50,000 in …
Read More »AmEx Cardholders Can Use Points to Pay for Taxi Rides in New York
American Express Co. cardholders for the first time can use their rewards points at the point of sale when they pay for rides in New York City taxis that use VeriFone Systems Inc. taxi point-of-sale services, AmEx said Monday. Cardholders can use their points in more than 7,000 New …
Read More »PayPal Continues to Grow, Topping $1.6 Billion in Q3 Revenue
PayPal Inc., the financial services arm of marketplace eBay Inc., continues to work on expanding PayPal acceptance beyond e-commerce, and its decision last month to buy Braintree Payment Solutions LLC for $800 million is one part of that effort, eBay executives said Wednesday. EBay has been expanding the number …
Read More »Decoupled Debit Scheme Pulls Up at the VeriFone Fuel Pump
Consumers this fall will be able to use their smart phones to pay for fuel at certain gas stations that use VeriFone Systems Inc. technology and offer National Payment Card Association’s mobile-payment app, VeriFone announced Monday. Point-of-sale terminal maker VeriFone says convenience store and gas station operators using its Smart …
Read More »Clover Looks to App Market, First Data’s Backing to Set It Apart in Crowded Tablet Field
Clover Network Inc., which on Wednesday burst into a crowded market for tablet-based point-of-sale systems, is betting that merchants would like to choose their apps for customer service and checkout in the same way they can load apps on their smart phones. With the new Clover Station, merchants can download …
Read More »Isis’s Abbott Takes the Wraps off New App As Wallet Nears National Rollout
The carrier-controlled Isis mobile-payments system on Monday unveiled a new version of its application and predicted that about 30 million mobile phones will support the near-field-communication-based product by the end of 2014. Speaking at an industry trade show in Las Vegas, Michael Abbott, Isis’s chief executive, demonstrated the new mobile …
Read More »M-Payments Startup CardFree Scores First Merchant with Sonic Drive-In
CardFree, a mobile-wallet startup founded by payments-industry veterans with experience in mobile-payments apps, says its first merchant partner is Sonic Drive-In, a quick-serve restaurant chain with more than 3,500 locations. CardFree features a geo-location app to identify the consumer’s proximity to the merchant for marketing purposes. The company, which …
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