Payments 2.0
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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
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AmEx and Groupon take part in double digit investment in Irish mobile payment firm SumUp

AmEx and Groupon take part in double digit investment in Irish mobile payment firm SumUp | Payments 2.0 | Scoop.it

[...] American Express has been spreading the largess across a range of similar up-and-coming start-ups as it bids to pick a winner in the crowded European market for mobile point-of-sale systems. The card scheme invested an undisclosed sum in SumUp competitor iZettle in October. ...

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Ingenico is behind Groupon's take on Square and others in mobile payments

Ingenico is behind Groupon's take on Square and others in mobile payments | Payments 2.0 | Scoop.it

[...] According to Les Echos’ Maxime Amiot, who cites unnamed sources, Ingenico is powering Groupon Payments by delivering both the hardware dongle that can be plugged into mobile devices, and the software for iOS that is used to encrypt credit card transactions. Les Echos further reports that the commercial agreement between Ingenico and Groupon is commission-based...

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Groupon is testing a payments offering to compete with Square and PayPal

Groupon is testing a payments offering to compete with Square and PayPal | Payments 2.0 | Scoop.it

Groupon is testing out an offering of its own in the increasingly crowded payments space, according to an email I was forwarded by a business that was solicited for the service.

 

Comment: You would think that Groupon has enough on its plate but it looks like their current line of business may not be good enought to return profis for the $2 billion (yes, billion $1.3 from VCs and $0.6 from the IPO) it raised...

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Groupon Takes On Square by launching Groupon Breadcrumb, a mobile POS

Groupon Takes On Square by launching Groupon Breadcrumb, a mobile POS | Payments 2.0 | Scoop.it

Groupon launched Breadcrumb Wednesday. The service is similar to Square but has a heavier emphasis on the hospitality industry. The system’s creator says Breadcrumb is the system restaurants have been waiting for....

 

Therese's comment: amazing offer from Groupon that, until recently, was not even able to keep track its own coupons. Partnering obviously helped

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Groupon rolls out Square competitor - with lower fees - GigaOm

Groupon rolls out Square competitor - with lower fees - GigaOm | Payments 2.0 | Scoop.it
Groupon has joined the mobile payment race with Groupon Payments, which provides a mobile payment service similar to Square. It's part of a larger effort to build up its merchants services tool and create a new business outside of daily deals.

Therese's comment: Groupon is asking for significantly lower fees. Never cared for profitability, always chose growth at all cost.
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