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The mysterious Square Inc. payment service made a name for itself Monday by joining a somewhat exclusive club of companies to offer the first applications for Apple Inc.'s iPad notepad computer within a couple of days of the iPad's much-hyped April 3 debut. Square also revealed its pricing. San Francisco-based …
Read More »TNS Enters a Crowded Market for Card Acceptance on Handsets
Transaction Network Services Inc. this week announced its entry in what is becoming an increasingly crowded market?applications that let smart phones act as credit and debit card acceptance devices. But TNS, which specializes in providing the transaction-transport systems for point-of-sale and ATM networks, says it will set itself apart by …
Read More »Bill-to-Carrier Rivalry Heats up with Danal’s Verizon Breakthrough
Competition in the bill-to-carrier mobile payments market is heating up with Verizon Wireless's announcement it will offer the service directly to consumers through Danal Inc.'s BilltoMobile payment service within the next few weeks. The deal marks Seoul, Korea-based mobile payments operator Danal's first contract in the U.S. Danal is in …
Read More »Eye on Mobile: Wells Rolls out Alerts; Arkansas First in M-Payments
News about the latest developments in the hot mobile-payments sector is coming from some familiar sources, such as Wells Fargo & Co. and Visa Inc., and some unlikely ones, such as the state of Arkansas. Wells Fargo is rolling out Visa's text-message and e-mail alert service that lets credit card …
Read More »First Data: Embrace of SD Cards Won’t Weaken Sticker Commitment
First Data Corp., which for the past couple of years has been pushing its Go Tag contactless-sticker technology, announced on Tuesday it will promote a new contactless technology for mobile phones based on Secure Digital memory cards. But the massive Atlanta-based processor says the move will have no impact on …
Read More »Apple Store Deal Gives High Profile to VeriFone’s PAYware Mobile
In its effort to become a major supplier for merchants seeking to use their iPhones from Apple Inc. as payment card-accepting terminals, VeriFone Holdings Inc. already has announced a major marketing initiative for its PAYware Mobile system that includes a software application on Apple Inc.'s iTunes App Store and a …
Read More »Mitek-NetDeposit Deal Lends More Impetus to Mobile Capture
NetDeposit LLC, which this week announced it will support a mobile remote deposit capture product from San Diego-based Mitek Systems Inc., expects to have the service ready for financial-institution clients “some time” in the third quarter, says Chris Styga, executive vice president of the financial-service solutions group for the Salt …
Read More »Remote Mobile Capture Is Ready for Prime Time, Researcher Argues
Remote deposit capture by mobile phone, a recent technology still considered experimental by many bankers, has proven itself in deployments so far, a banking researcher said on Monday. “The technology is demonstrably ready for broad adoption,” Robert Meara, a senior analyst at Celent LLC, told attendees at a banking conference. …
Read More »Consumers Show Surprising Affinity for Mobile Remote Capture
While many bankers and even technologists may regard handset-based electronic deposits as esoteric, consumers seem not only familiar with the product but favorably inclined toward it, according to a survey by Mercatus LLC, a Boston-based consulting firm that follows mobile banking and payments. The survey, conducted in December among more …
Read More »VeriFone Goes Outside Usual Channels to Sell Its New iPhone Product
VeriFone Holdings Inc.'s PAYware Mobile mobile-payments initiative includes not just the previously announced card swipe for Apple Inc.'s iPhone and an iPhone app, but also a marketing campaign that aims to make the payment terminal maker's brand name more familiar with consumers, especially consumers that run small businesses. San Jose, …
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