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In a move that it hopes will attract more users to its mobile-payments product, Obopay Inc. is allowing account holders to send money to other persons directly out of their checking accounts. In a further change, recipients of these transfers no longer need to have Obopay accounts and may have …
Read More »Euronet Far from Certain It Will Renew Its Pursuit of MoneyGram
Although the door is still open for Euronet Worldwide Inc. to renew its bid for rival remittance processor MoneyGram International Inc., Euronet's chief executive says it's by no means certain his company will press ahead, despite a determined effort it made to acquire the larger processor just two months ago. …
Read More »Euronet Bids for MoneyGram, And Girds for a Fight If Necessary
Euronet Worldwide Inc., which on Thursday made public a stock offer valued at $1.65 billion for rival money-transfer company MoneyGram International Inc., has rejected an offer from MoneyGram to discuss the possible combination of the two companies because of a condition MoneyGram wanted to impose that would have stopped Euronet’s …
Read More »Revolution Money Expects to Gain Traction Early with Merchants
The electronic payments venture formerly known as GratisCard Inc. added more muscle this week with a free person-to-person payments service, a credit card, new bank partners, and a new name to boot. Now called Revolution Money, the payments system founded by an investment firm created by America Online Inc. co-founder …
Read More »BancorpSouth out to Show Smaller Banks Can Succeed in M-Banking
At a time when companies as big and diverse as Google Inc., eBay Inc.'s PayPal, the bank card networks and others are all moving into mobile banking and payments, a regional bank in Mississippi has emerged as one of the more experienced players in the embryonic market. Tupelo-based BancorpSouth Inc. …
Read More »Verizon Deal Lends Impetus to Obopay’s M-Commerce Drive
Obopay Inc. on Thursday announced four new businesses for its mobile-commerce application, bringing to six the number of companies using the Redwood City, Calif.-based processor's service to enable payments via handsets. The news follows Verizon Communications Inc.'s decision to adopt Obopay's application for mobile payments on its wireless network, which …
Read More »PayPal Mobile Services Get Major Boost in Internet Retailing
DVD Empire is among the first of what will apparently be a series of Internet merchants this summer to adopt a new payments service offered by PayPal Mobile. The Warrendale, Pa.-based online seller of DVDs is going live with a Wireless Application Protocol (WAP) site for mobile phones, with payments …
Read More »Obopay Says Response ‘Super Positive’ for New M-Commerce Platform
Mobile-payments processor Obopay Inc. expects to have at least 20 merchants accepting transactions through its new platform by the end of the year, a top executive with the Redwood City, Calif.-based company says. Obopay introduced its so-called mobile merchant platform, which extends the 2-year-old processor's reach beyond person-to-person payments into …
Read More »Tight Deadline for New Effort to Standardize Mobile Payments
Two organizations that serve major U.S. banks are studying diverse mobile-payments projects around the world and hope to issue within the next 60 days recommendations for financial institutions to follow in this country. The effort, spearheaded by representatives of The Clearing House Payments Co. LLC and the Financial Services Technology …
Read More »PayPal Mobile Close to Launching Service for Mobile Web Merchants
PayPal Inc. will introduce a new service for its mobile-payments product, PayPal Mobile, that will allow users to make remote purchases from merchants that have mobile Web sites. Kevin Dulsky, senior director and general manager for PayPal Mobile, revealed the new service during a panel discussion at a prepaid card …
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