Another large retailer, with as many as 100,000 locations, will begin using a mobile payments app developed by Paydiant Inc. within the next few weeks, Jed Rice, senior vice president of business development, told attendees at the Northeast Acquirers Association conference last week in West Dover, Vt. n He also …
Read More »Mitek Pictures Itself as a New Tech Provider in Mobile Biller-Direct Payments
Mobile-imaging software developer Mitek Systems Inc. on Wednesday announced its Mobile Photo Payments application that enables large billers to receive bill payments from consumers using their mobile devices. The service complements San Diego-based Mitek’s existing Mobile Photo Bill Pay product, which rolled out last year and is distributed mainly through …
Read More »Apple Now Holds Key Building Blocks to Exploit ‘Big Opportunity’ in Mobile Payments
Having been for years at the center of speculation on the matter, Apple Inc. may finally be readying a foray into mobile payments, according to news reports over the weekend. Citing knowledgeable sources, The Wall Street Journal Friday night said online-services chief Eddy Cue is heading up the effort at …
Read More »Mobile-Payments Specialist Paydiant Patents an App That Stages ATM Cash Withdrawals
A mobile-banking feature that allows ATM users to stage withdrawals in advance received a patent Tuesday from the U.S. Patent and Trademark Office. The technology, conceived and implemented by Paydiant Inc., a Wellesley, Mass.-based startup, has already been integrated into software at ATM maker Diebold Inc. and at Fidelity National …
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 »EBay Boss Donahoe Issues a Strong Rebuff to Raider Icahn’s Call for a PayPal Spinoff
The board of directors of eBay Inc. is “unified” in opposing a proposal from famed activist investor Carl Icahn that the company spin off its PayPal Inc. unit, eBay chief executive John Donahoe told analysts Wednesday afternoon. Calling the proposed separation a “distraction” coming just as eBay is trying to …
Read More »Mobile Devices Capture the Lion’s Share of Consumer Remote Deposit Capture Users
A new research report from Celent LLC estimates that the number of consumers using the mobile variant of remote deposit capture (RDC) nearly doubled in 2013 and predicts that users will triple by 2016 to 61 million. Along with documenting its growth, however, the report says remote capture is sustaining …
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 »Rapidly Expanding Online Merchant Base Could Give Shopify an Edge in Mobile Battle
Shopify Inc.’s recent move to offer its merchants a mobile point-of-sale application marks yet another entry in a market that has filled up fast with competitors ranging from PayPal Inc. to Square Inc. and dozens in between. “You would think we’d reached everybody [with mobile POS products], but we haven’t,” …
Read More »With Starbucks As Inspiration, Mercury Launches a Card And App for Small Merchants
Noting the success Starbucks Corp. has had with its prepaid card and mobile app, Mercury Payment Systems LLC figures the small merchants it serves would like to create a similar program but lack Starbucks’s considerable resources. To bring such a program within reach, the Durango, Colo.-based merchant processor this week …
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