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Intuit Plants GoPayment’s Flag in Canada and Upgrades Its Card Reader
Intuit Inc. plans to export its GoPayment service to Canada in the next few months, beating out rival Square Inc. as both companies prepare for international expansion of their smart-phone-based payment services aimed at the smallest of merchants. Intuit also is rolling out a new card reader for mobile devices, …
Read More »Dwolla’s New Instant Service Offers Immediate Cash For Impulse Purchases
Dwolla Corp. on Thursday unveiled a credit option it hopes will appeal to users who want faster funds availability for spot or impulse purchases. The option, known as “Instant,” is available now and allows users to borrow up to $500 that they can use right away rather than waiting two …
Read More »Eye on Prepaid: Intuit’s GoPayment Card, Green Dot’s Bank
The prepaid card industry is marching to new frontiers as November heads toward a close. Intuit Inc. on Tuesday is expected to launch a prepaid Visa card for new merchants in its GoPayment smart-phone-based service, and the Federal Reserve Board approved prepaid card program manager Green Dot Corp.’s plan to …
Read More »Acquirers Fret That PayPal/Square Model Masks Risk, Poses Competitive Threat
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Read More »Strategies: Getting Beyond Square
By Jane Adler Rightly or wrongly, lots of investors are mesmerized by the high-profile startup Square. But it’s not the only newbie transforming the payments industry as venture-capital firms scramble to find the next big idea. Some startup companies get all the attention. The …
Read More »A New Alphabet Soup, VARs and ISVs, Spells An Effective, But Expensive, Channel for Acquiring
Merchant acquirers once relied on independent agents, direct sales, and agent bank relationships to sign up merchants. Now, a new group has entered the picture and is accounting for a rapidly increasing share of new merchant accounts. Value-added resellers and independent software vendors will enroll 15% of all new …
Read More »The Rise of the Quasi-Merchant
Purveyors of card-acceptance services for mobile phones are booking merchants by the hundreds of thousands. But many of these merchants present underwriting risks and generate little charge volume. Are they worth it? By Jim Daly Everyman a merchant? Thanks to smart phones and aggressive merchant processors such …
Read More »Forget PayPal And Google. Acquirers Are Most Worried About Visa, MasterCard
n n n The source of such fears is a fast-changing landscape in which all the payment card networks are looking for new revenues and markets. “Some of my clients are freaking out, without naming names,” says Adil Moussa, an analyst at Boston-based Aite. Card networks are already direct …
Read More »Intuit and Square Might Spark a Mobile-Payments Price War
Intuit Inc. on Monday dropped flat transaction fees for its GoPayment mobile-payments service just over two months after Square Inc. did the same thing, an indication that a price war could be breaking out between two of the major companies competing for brand-new and small businesses that use smart phones …
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