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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PayPal expects mobile payments to more than double - Mobile Payments Today

PayPal expects mobile payments to more than double - Mobile Payments Today | Payments 2.0 | Scoop.it

... Along with online mobile payments, 15 retailers were added to PayPal's offline, point-of-sale product in Q2, Donahoe said...

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Google-backed payment startup Corduro aims for enterprise - GigaOM

Google-backed payment startup Corduro aims for enterprise - GigaOM | Payments 2.0 | Scoop.it

[...] Corduro, as I wrote last year, has built a sophisticated cloud platform that supports mobile payments similar to Square and allows it act as payment processor, gateway and CRM provider. That means Corduro can help facilitate mobile, online and in-person payments and offer clients a way to manage and engage their members. That puts Corduro competition not just with Square but online processors Stripe and Braintree...

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How Kenya became a world leader for mobile money | End Poverty

How Kenya became a world leader for mobile money | End Poverty | Payments 2.0 | Scoop.it

[...] Today, Kenya has more cell-phone subscriptions than adult citizens and more than 80 percent of those with a cell phone also use “mobile money” (or “M-PESA” which is very different from “mobile banking” as Michael Joseph–the former Safaricom CEO, and the man behind that revolution—can explain passionately!)....

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Square’s Steve DeWald: “I don’t think we would ever consider working with PayPal in any capacity”

Square’s Steve DeWald: “I don’t think we would ever consider working with PayPal in any capacity” | Payments 2.0 | Scoop.it

For many of us, it might seem like a logical step for Square to partner with (or sell to) PayPal at some time in the future...


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Boom Financial, Mobile Banking for the Unbanked, Raises $17 Million [Press Release]

Boom Financial, Mobile Banking for the Unbanked, Raises $17 Million [Press Release] | Payments 2.0 | Scoop.it

The Boom™ mobile money service [formerly m-Via] is the first to completely eliminate the need for traditional cash wire-transfer services, providing a safe, economical and easy way to send money. Boom members can use their mobile phones to make low-cost, bank-grade domestic and international money transfers and payments via a simple text message...

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Chip and PIN, contactless coming for EFTPOS - ZDNet (blog)

Chip and PIN and contactless payment options are on their way for EFTPOS, with the company in the process of revamping its technology...

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PayPal: Security is “single biggest barrier” to mobile payments, Articles | Mobile Money Live

PayPal: Security is “single biggest barrier” to mobile payments, Articles | Mobile Money Live | Payments 2.0 | Scoop.it

Rahul Shinghal, PayPal’s director for mobile in Asia Pacific [...] described the issue as “the single biggest barrier” to the market taking off...

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Mobile POS solution - The future of Retailing [VIDEO] by Digipos

MobilePoS brings the payment to the customer rather than customer needing to queue at the checkout. ... Improving customer satisfaction and loyalty by going the extra mile!

http://www.digipos.com/mobile_solutions/

 

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Gift Card Payment Network Openbucks Raises $4.8 Million Series A, Led By Yahoo Co-Founder Jerry Yang | TechCrunch

Openbucks, a startup creating a gift card-based payment network (and a former TechCrunch Disrupt finalist), is announcing today it has closed $4.8 million in Series A funding, in a round led by Yahoo co-founder Jerry Yang.
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PayPal Acquires Card.io to Make Paying for Things on the Phone a Snap

PayPal Acquires Card.io to Make Paying for Things on the Phone a Snap | Payments 2.0 | Scoop.it
It's as easy as taking a picture, and now Paypal owns it.
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PayPal Gains Traction with Third-Party Mobile Retail Apps

PayPal Gains Traction with Third-Party Mobile Retail Apps | Payments 2.0 | Scoop.it
PayPal continues to gain traction in the mobile payments space as it successfully convinces third-party developers to add PayPal as a payment option on their mobile apps, from Starbucks to GE.
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23% of US Retailers Look to Mobile Point-of-Sale Tools - eMarketer report on Motorola research

23% of US Retailers Look to Mobile Point-of-Sale Tools - eMarketer report on Motorola research | Payments 2.0 | Scoop.it

Nearly one in four retailers has already deployed mobile POS, and the same number plan to do so in the next 12 months

 

Therese's comment: The Apple store effect !

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Apple investigating first in-app payment breach - Mobile Entertainment

Apple investigating first in-app payment breach - Mobile Entertainment | Payments 2.0 | Scoop.it

9to5mac first revealed that Russian hacker Alexey V. Borodin created an online service called In-Appstore.com to [....by-pass..] Apple’s authentication servers...

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Dutch payment-by-bonkers bonk payments on the head • The Register

Dutch payment-by-bonkers bonk payments on the head • The Register | Payments 2.0 | Scoop.it
The Dutch mobile operator-banking consortium, formed to create a level-playing field for pay-by-wave NFC technology, has broken up.

The move leaves networks free to compete while customers wait to see what Apple will offer them...

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Another report: iPhone 5 to include NFC

As the iPhone 5 release approaches, the game of "will it support NFC or not" is heating up ...

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Why Companies Are Racing To Be The First To Master Mobile Payments - Business Insider [Video]

Why Companies Are Racing To Be The First To Master Mobile Payments - Business Insider [Video] | Payments 2.0 | Scoop.it

From startups like Dwolla and Square to giant tech behemoths like Google, Amazon and Apple, there are lots companies out there trying to figure out the...

 

[...] We asked some of the leading innovators in the field [...] at our Mobile Advertising Conference last month...

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WTO finds against China in UnionPay trade dispute

WTO finds against China in UnionPay trade dispute | Payments 2.0 | Scoop.it
On 15 September 2010, the United States requested consultations with China with respect to "certain restrictions and requirements maintained by China ...
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Payment Sticker fromGiesecke & Devrient Equips Cell Phones for Mobile Payment - Wireless Developer Network (press release)

Giesecke & Devrient [G&D] presents the first payment sticker to meet the specifications of the German banking industry.

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The Mobile Value Chain Challenge - Finextra

The Mobile Value Chain Challenge - Finextra | Payments 2.0 | Scoop.it

If mobile payments is to succeed, the industry must consider the implications of adding a number of additional parties to the current transaction ‘pie’, which is already split between four parties: the merchant, issuer, acquirer and the card scheme... With the addition of the mobile operator, the phone manufacturer, the creator of the mobile wallet and potentially others, the value share becomes increasingly smaller for those involved...Simply put, the (existing) mobile payments pie isn’t big enough for everyone who wants a seat at the table.

 

Comment: Also addresses the question of whether mobile wallet transactions should be treated 'card not present' or not.

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Square, Google Wallet Have Mobile-Challenged PayPal Shaking In its boots

Square, Google Wallet Have Mobile-Challenged PayPal Shaking In its boots | Payments 2.0 | Scoop.it
While last year's moves were aimed at mobile payments, this acquisition points toward bolstering PayPal's digital wallet–the area where Square, Google Wallet and others have boldly entered before PayPal.
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Commonwealth Bank Aims to Revolutionize Mobile Point-of-Sale (POS) Transactions

[...] new CommBank Pi merchant point-of-sale software platform ... will enable businesses and app developers to create apps that are distributed to merchants through CommBank Pi's AppBank. [...] Pi Albert is a multifunctional device with an interactive 7-inch high resolution touchscreen and based on the Android platform with a secure EMV pin interface and merchant terminal capabilities [...] Albert will make payments easier and more convenient for customers because it takes multiple payments types including EMV chip and PIN, contact-less and magnetic stripe cards and NFC coupon and wallet technologies...

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Dwolla Democratizing APIs With New Non-Technical Portal | TechCrunch

Dwolla Democratizing APIs With New Non-Technical Portal | TechCrunch | Payments 2.0 | Scoop.it

[...] Unlike PayPal, Dwolla routes around the traditional financial infrastructure [of credit cards]. As a result, the company offers a transactions at a lower cost than credit card processing companies. In order to accept Dwolla payments online retailers need to integrate the service into their websites. [...]... Last week the company relaunched its developers portal to make it more accessible to non-technical people. It’s still at developers.dwolla.com, but it’s now called the Integration Portal. “We kept calling it a ‘dev site’ but we realized that if we really wanted to democratize the site we’d have to call it something else,” says Jordan Lampe, director of communications at Dwolla...

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PayPal buys Card.io in move to combat the quickly growing Square

Today PayPal announced that it has acquired San Francisco-based Card.io, a company that allows for the mobile charging of credit cards by taking a picture using a smartphone...

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Mobile Payments Myths [Infographic] by Intuit Payments

Mobile Payments Myths [Infographic] by Intuit Payments | Payments 2.0 | Scoop.it

Mobile payments are rising everywhere but the U.S.- here are 6 myths that contribute to the slow adoption rate by Americans compared to other countries.

 

Therese's comment: Intuit trying to convince merchants of the benefits of mobile payments

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China Mobile develops NFC device for mobile payments - China Daily

China Mobile develops NFC device for mobile payments - China Daily | Payments 2.0 | Scoop.it

China's state-owned wireless provider, China Mobile Ltd., announced it has developed its first mobile phone supporting NFC, according to China Daily... partner .. China UnionPay... potentially creating the world's largest mobile payment network.

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