Loyalty systems, rapidly adaptable mobile and e-commerce technology, and data-security applications are attracting lots of venture capital. Here’s a look into the minds of investors. Hint: They’re not too keen on NFC. Peter Lucas If you want to know what the next hot new company in the payments industry will …
Read More »Search Results for: digital wallets
Exceeding $700 Million, Payments Investment in 2012 Could Be Most Seen Since 2001
Venture-capital and private-equity investors are on pace to meet or exceed the $753 million they infused into the payments industry in 2011, the most since the $1.4 billion they invested in payments in 2001. Through the first three quarters of 2012, venture-capital and private-equity investors pumped $711 million into startup …
Read More »As Visa Launches its V.me Wallet, It Wins Uptake Among Small Banks And Credit Unions
As it turns out, digital wallets aren’t just a creature of the big banks. With Visa Inc.’s announcement on Tuesday that it has made its V.me digital wallet commercially available, the world’s largest payments network said some 53 financial institutions have signed on to offer the product to customers. Among …
Read More »ShopKeep Pushes Trend Toward a Tablet-Based POS Managed from the Cloud
While much of the payments industry’s attention is on mobile payments, mobile technology is also starting to transform the traditional retail checkout. This week, a tablet-based point-of-sale startup called ShopKeep POS launched software to keep track of employee hours and to let restaurants modify orders on the fly. Also this …
Read More »Visa Reports Growth in Credit, Less Bleeding in Debit, Progress for Its V.me Wallet
Visa Inc. on Wednesday reported brisk growth in its credit business and a stabilizing debit market while touting progress for its new digital wallet, V.me. Overall, the results released for Visa’s fourth quarter show the world’s biggest payments network is wising up about how to cope with a new, more …
Read More »Mobile-Payments Pioneer Obopay Puts Itself on the Block As Wallet Trend Heats up
Obopay Inc., a pioneer in mobile payments whose profile fell as mobile wallets gained momentum, has put itself up for sale, according to sources familiar with the matter. Details about the sale remain sketchy, including possible valuations and the identity of bidders, but sources say the 7-year-old company and its …
Read More »Quiet During the Wallet Wars, Visa Readies V.me for a Year-End Rollout
With digital wallets from the likes of PayPal Inc., Google Inc., and the Isis consortium grabbing headlines, Visa Inc.’s V.me staff has been quiet but busy. The payment service is live with five online merchants, and Visa plans to introduce it as a commercial product by year’s end, a spokesperson …
Read More »High-Tech PayPal-Discover Tieup Rests on Huge Issuance of Old-Tech Mag-Stripe Cards
The massive deal PayPal Inc. and Discover Financial Services announced on Wednesday that will bring online-payments leader PayPal to 7 million physical U.S. merchant locations has all the hallmarks of electronic payments in the 21st Century’s second decade, including digital wallets and cloud-based technology. But the foundation of the deal …
Read More »Trends & Tactics: Guess What TV Could Do for PayPal?
When PayPal Inc. announced last month that it plans soon to process transactions for people as they watch TV, it looked like just the latest foray by the c-commerce processor into yet another new market. After all, the San Jose, Calif.-based eBay Inc. unit has been pretty aggressive lately about …
Read More »M-Commerce: Mobile Warming
Peter Lucas Time was, mobile payments was mostly talk. No more. Now, with new features, pricing, and promotion, some providers are pumping out real transaction volume. For months, payments executives have been reading about digital wallets and acceptance applications from some of the biggest names in the business, including Visa …
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