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
Curated by Therese Torris
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iZettle raises $36M in debt from European Investment Bank (EIB), earmarked for AI and other new tech 

iZettle raises $36M in debt from European Investment Bank (EIB), earmarked for AI and other new tech  | Payments 2.0 | Scoop.it
iZettle, the startup based out of Sweden that competes against the likes of Square and Paypal to provide card transaction services from smartphones and..
Therese Torris's insight:
Well done @EIB and @iZettle!
 
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Sweden's iZettle raises €60 million & appoints new CEO

Sweden's iZettle raises €60 million & appoints new CEO | Payments 2.0 | Scoop.it
Swedish mPOS firm iZettle has raised €60 million in funding and appointed a new chief financial officer.
Therese Torris's insight:
Not a crazy valuation for a company which raised $188M to date. Company still losing money. New CEO appointed
https://techcrunch.com/2017/01/10/izettle-raises-63m-more-at-a-500m-valuation-to-expand-from-mobile-payments/
https://www.crunchbase.com/organization/izettle#/entity

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Mobile payment iZettle's global rollout has started! - #chip&pin mobile card reader

Mobile payment iZettle's global rollout has started! - #chip&pin mobile card reader | Payments 2.0 | Scoop.it
Finextra: Swedish mPOS vendor iZettle has commenced the global roll-out of a new hardware dongle for small businesses that integrates both Chip & PIN and contactless payments, and includes out-of-the-box support for Apple Pay.
Therese Torris's insight:

Yipee!

In spite of raising 5 times more money ($591M), Square failed to expand internationally and come up with a chip&pin solution. iZettle raised $114M so far.

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Banco Santander take iZettle mobile payment services to Brazil - Mobile Entertainment

Banco Santander take iZettle mobile payment services to Brazil - Mobile Entertainment | Payments 2.0 | Scoop.it
Banco Santander take iZettle mobile payment services to Brazil Mobile Entertainment Cassius Schyura, payments services director at Banco Santander do Brazil, said: “The launch of a solution which offers secure sand flexible mobile transactions with...
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iZettle ships chip and PIN mobile card reader

iZettle ships chip and PIN mobile card reader | Payments 2.0 | Scoop.it
IZettle has launched a chip and PIN version of its dongle for turning mobile phones into card payment terminals and inked a partnership deal with Spain's Banco Santander.
Therese Torris's insight:

 You can sign up for iZettle in Sweden, Norway, Denmark, Finland, the UK, Germany and Spain.

France is not on the map yet but I requested an invite anyway

https://www.izettle.com/

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Mobile payment startup iZettle partners with Nordea Bank to give card readers to Swedish SMEs for free

Mobile payment startup iZettle partners with Nordea Bank to give card readers to Swedish SMEs for free | Payments 2.0 | Scoop.it

TNW: iZettle, Sweden's answer to US payments giant Square, is doing its bit to seed its chip-card readers in its homeland after announcing that the technology is now available free of charge ...

 

Therese's comment: one of several distribution deals that European mobile card reader start-up iZettle is closing in Europe. Competition s heating up in Europe -- without Square. Will definitely make Square's entry into Europe difficult, if not by acquisition.

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Payment startups clash: Cease-and-desist letter from iZettle forces Settle to change name to Droplet

Payment startups clash: Cease-and-desist letter from iZettle forces Settle to change name to Droplet | Payments 2.0 | Scoop.it
Earlier this year, Swedish mobile payments company iZettle sent a cease-and-desist letter to scrappy UK startup Settle, which is behind a mobile money app currently being trialed with ...
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Focus Squarely On Europe, Mobile Payments Startup iZettle Gets Gets $31.4M From Greylock, MasterCard & More

Focus Squarely On Europe, Mobile Payments Startup iZettle Gets Gets $31.4M From Greylock, MasterCard & More | Payments 2.0 | Scoop.it
Just days after releasing an API to integrate its payment platform into third-party apps, iZettle, known as the “Square of Europe” for its dongle-based iOS mobile payment system, has even more news: it has just completed a ...
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MasterCard Mobile POS Program for Small and Micro-Businesses [Press Release]

MasterCard Mobile POS Program for Small and Micro-Businesses [Press Release] | Payments 2.0 | Scoop.it

The MasterCard MPOS Best Practices document contains guidance that solution providers and merchants should adhere to, including best practices regarding:

1. Securing MPOS Payment Applications

2. Securing Transaction Data Captured by an MPOS Card Reader Accessory

3. Securing Personal Account Numbers (PAN)

4. EMV Chip Transactions

5. Display of the MasterCard Acceptance Mark

6. Merchant Confirmation

7. Cardholder Verification Methods (CVM)

8. Receipts (by iZettle)

Direct link: http://www.mastercard.com/us/company/en/docs/MasterCard_Mobile_Point_Of_Sale_Best_Practices.pdf

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IZettle eyes IPO

IZettle eyes IPO | Payments 2.0 | Scoop.it
Having doubled revenues and slashed losses last year, Swedish mPOS outfit iZettle says that it is preparing for a potential IPO.
Therese Torris's insight:
Looking forward
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European mobile payment card reader startups SumUp and Payleven merge

European mobile payment card reader startups SumUp and Payleven merge | Payments 2.0 | Scoop.it
Some consolidation afoot in the world of mobile payments: today Groupon- and BBVA-backed SumUp and Rocket Internet's Payleven -- two of the several European..
Therese Torris's insight:
Of course, in her (otherwise excellent) article Ingrid Lunden from TechCrunch had to call these startups "Square Clones" although Square was a ***follower*** of European innovators as regards mobile chip-card readers 
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Swedish chip & pin mobile payment firm iZettle raises EUR40m

Swedish chip & pin mobile payment firm iZettle raises EUR40m | Payments 2.0 | Scoop.it
Swedish mPOS outfit iZettle has raised EUR40 million in a series c funding round led by London-based growth investor Zouk Capital.
Therese Torris's insight:

Bringing total capital raised to $86,70 M

http://www.crunchbase.com/organization/izettle

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Swedish Mpos vendor iZettle poised for global expansion

Swedish Mpos vendor iZettle poised for global expansion | Payments 2.0 | Scoop.it
Ignacio Garcia, managing director, iZettle Spain discusses how the vendor increased Mpos adoption by 25% in Sweden and how the recent €5 million investment from Banco Santander will expedite its global expansion.
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Mobile card reader iZettle expands to Spain, its seventh market

Mobile card reader iZettle expands to Spain, its seventh market | Payments 2.0 | Scoop.it
iZettle, the European equivalent to Square, has announced it is entering Spain, the seventh market in its continued expansion across the continent.

“Spain’s small business owners ...
Therese Torris's insight:

Should affect Square's company valuation

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The Square-like iZettle Launches In Germany With DZ BANK And Deutsche Telekom, Puts Heat On Payleven

The Square-like iZettle Launches In Germany With DZ BANK And Deutsche Telekom, Puts Heat On Payleven | Payments 2.0 | Scoop.it

iZettle, the Square-like app and mini chip-card reader, has partnered with DZ BANK and Deutsche Telekom to launch its payments service in Germany.


Via smartfinserv
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Visa Europe Puts Brakes On iZettle As mPowa Expands To Android | TechCrunch

Visa Europe Puts Brakes On iZettle As mPowa Expands To Android  | TechCrunch | Payments 2.0 | Scoop.it

A bit of a setback today for mobile payments and specifically iZettle -- the startup modelled as a kind of "European Square" for merchants to take card payments on their phones. The company today had to shut off accepting Visa cards in three of the markets where it has been running pilots — Denmark, Finland and Norway [...]

 

Visa Inc. in the U.S. is an investor in Square, and MasterCard recently became an investor in iZettle, so it is easy to think that this story may be a case of muscle flexing between the two larger companies: perhaps a sign of Square setting the stage for a European launch?

 

De Geer says that’s very unlikely because Visa Europe is an association owned by its members in different markets, while Visa Inc is a publicly-traded U.S. company...

 

Therese's comment: Visa Europe claims that iZettle's authentication process does not meet its requirements; Visa Europe competes with MasterCard Europe just as Visa Inc competes with MasterCard US.

 

 

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Mobile card reader iZettle Releases PCI compliant API for Chip-Card Payment Solution

Mobile card reader iZettle Releases PCI compliant API for Chip-Card Payment Solution | Payments 2.0 | Scoop.it

[...] The company’s solution is EMV (Europay, MasterCard and Visa) approved, and compliant with the Payment Card Industry Data Security Standard (PCI-DSS).

With more than 50,000 users today, iZettle has increased the number of point of sale (POS) card acceptance terminals in the Nordics by 10 percent since it began operation in Sweden in August 2011 and began expansion to Denmark, Finland and Norway earlier this year.

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TechCrunch | iZettle, The ‘Square Of Europe’, Checks Out Mobile Payments In The UK With 3,000 Free Readers For SMBs

TechCrunch | iZettle, The ‘Square Of Europe’, Checks Out Mobile Payments In The UK With 3,000 Free Readers For SMBs | Payments 2.0 | Scoop.it
With Square yet to reveal when or where it might offer its mobile payment service in Europe, and PayPal apparently still only talking with would-be partners, the door is wide open for more local players to jump in and pick up some market share.
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