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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Square Closes $200M Series D From Starbucks, Citi, Rizvi Traverse - TechCrunch via AllThingsD

Square Closes $200M Series D From Starbucks, Citi, Rizvi Traverse - TechCrunch via AllThingsD | Payments 2.0 | Scoop.it

Square has announced that it has finally closed its Series D round, totalling $200 million, with investors including Citi Ventures, Rizvi Traverse Management, and Starbucks Coffee Company. It values the mobile payments company started by Twitter’s Jack Dorsey at $3.25 billion, according to AllThingsD...

 

Direct link to AllThingsD http://allthingsd.com/20120917/square-finally-closes-200-million-round-at-blockbuster-valuation/

 

Therese's comment: At last ! Well done, Jack Dorsey. Must have been tough negociations. This is raising the bar in the mobile payments war.

 

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PayPal set to suspend domestic transactions in Argentina

PayPal set to suspend domestic transactions in Argentina | Payments 2.0 | Scoop.it

Therese's summary: PayPal decided to stay away from the legal and financial risk of handling domestic Argentinain transactions after "the local tax authorities have tightened their controls on credit card purchases in a new attempt to ‘un-dollarize’ the country’s economy and avoid capital outflows...

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NFC Missing From The iPhone 5 Will Help Square Dominate Mobile Payments

NFC Missing From The iPhone 5 Will Help Square Dominate Mobile Payments | Payments 2.0 | Scoop.it

"Square can breathe a sigh of relief..."

 

Therese's comment: Indeed... but Passbook is not to be discounted.

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PayPal changes its policy and won’t hold funds for some users

PayPal changes its policy and won’t hold funds for some users | Payments 2.0 | Scoop.it
PayPal seems to finally be doubling down on unwanted account freezes. The payment processing firm is contacting users with "outstanding account performance" and informing ...
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FinovateFall Kicks Off in NYC Wednesday, September 12 - Finovate

FinovateFall Kicks Off in NYC Wednesday, September 12 - Finovate | Payments 2.0 | Scoop.it

Javits Center at 655 West 34th St. New York, NY 10001.

Therese's comment: I envy you if you are able to attend !

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PayPal’s New President Faces the Music: “If We Suck … We Now Face It”

PayPal’s New President Faces the Music: “If We Suck … We Now Face It” | Payments 2.0 | Scoop.it
Can a commitment to change restore to PayPal some of the Silicon Valley cred it has lost?
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NYC bans Taxi Hailing and Payment App "Uber" -- InformationWeek

NYC bans Taxi Hailing and Payment App "Uber" -- InformationWeek | Payments 2.0 | Scoop.it

After Uber released a mobile app that aims to help passengers and drivers locate one another, New York City's Taxi and Limousine Commission quickly told taxi drivers to steer clear of such apps [...] Contractual obligations, says the TLC. Existing contracts the TLC has with fare payment processors prohibits the use of apps to pay taxi and livery fares. The contract is set to expire in February. The TLC is, however, looking at ways to improve hailing and paying for taxis.

The TLC submitted a request for proposal in March of this year. According to the RFP, the TLC wants "a software developer that will create a smartphone application for use in for-hire vehicles. In the past, developers have created stand-alone apps without coordination with service providers or regulators. The TLC aims to take a new approach by contracting with a developer to create an app with one or more functions that would enhance the city's for-hire vehicle services and improve both customer and driver experiences."

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Google Wallet for digital goods - YouTube Google Developper Channel [VIDEO]

"We'll talk about the latest developments for Google Wallet for digital goods with special guest Arundhati Singh, Google Wallet Product Manager."

 

Therese's comment: Google takes full advantage of its huge online distribution and integration power among developers and software publishers

 

Pricing: 5% for micro payments OR 1.9% + fixed fee (30¢ USD). Lowest price automaticaly applies.

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PayOne Expands Its Mobile Payment Patent Portfolio | Nearshore ...

PayOne Expands Its Mobile Payment Patent Portfolio | Nearshore ... | Payments 2.0 | Scoop.it

Therese's summary: PayOne Corporation, a leader in mobile payments and carrier billing, announced today the issuance of another patent from the US Patent Office related to the company’s PayConnect™ technology platform and intellectual property serving the multi-billion dollar market for mobile commerce and payments.

 

The patent which was filed in January 2007 for invention number 8,239,325 covers leading edge mobile fraud control and identity verification for mobile payments.

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Mobile Payments: A Comfortable Consumer Experience - Social Media Today

Mobile Payments: A Comfortable Consumer Experience - Social Media Today | Payments 2.0 | Scoop.it

The increasing presence of mobile devices like smartphones and tablets are contributing to changes in consumer mobile shopping behavior.

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How LevelUp Plans To Win The Wallet Wars

[...] Boston-based LevelUp [...]  is less about pulling in percentages from payments and more about finding value in helping merchants connect with consumers (and save those consumers money along the way). In other words, there's something more valuable than currency being exchanged in many transactions....

 

Therese's comment: LevelUp wants to extract value from transaction data and monetise it. So does Square. But it's much easier said than done...

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PayPal expands mobile payments app to Microsoft's Windows Phone - FierceMobileContent

PayPal is rolling out a mobile payments application optimized for Microsoft's Windows Phone operating system. The app joins PayPal's existing mobile services for Apple's iOS and Google's Android.
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Mobile payments companies expect to benefit from frustration

Mobile payments companies expect to benefit from frustration | Payments 2.0 | Scoop.it

"Retailers may be looking to mobile payments as an alternative to traditional transactions, having clearly had enough with Visa and MasterCard, as merchants recently refused to accept a settlement in the lawsuit that is currently accusing these credit card giants of working together to set fees for their services..."


Via Charles Johnson, Therese Torris
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End of the cash register -- Businesses offer mobile payments to bypass checkout lines

End of the cash register -- Businesses offer mobile payments to bypass checkout lines | Payments 2.0 | Scoop.it

The Indianapolis-based chain is the latest to offer mobile payments, allowing consumers to avoid checkout lines at the cash register....

 

Therese's comment: US store chains (Nordström, JC Penney,...) are increasingly adopting mobile checkout/mobile POS to improve the customer experience and stop losing sales. This particular article starts by describing a Verifone PayWare Mobile implementation at Finish Line's life style store.

 

Direct link : http://www.paywaremobile.com/


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Edo nets $15M to bring card-linked offers to small and medium-sized businesses

Edo nets $15M to bring card-linked offers to small and medium-sized businesses | Payments 2.0 | Scoop.it

"Edo has raised $15 million in third round funding to brings its local-offers technology to small businesses across the country."

 

Therese's comment: more than payments per se, these local deals, couponing and mobile marketing services are what Square, Apple, Google et al are after.

 

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Jack Dorsey sees Square’s Future in Analytics ... And Eventually, Personal Finance - TechCrunch

Jack Dorsey sees Square’s Future in Analytics ... And Eventually, Personal Finance - TechCrunch | Payments 2.0 | Scoop.it

Jack Dorsey recently offered a look at the early days of Square, but today at the Techonomy Detroit conference, he was asked about the company's future — specifically what Square will look like in five years

 

Therese's comment: Let's hope Square has a future in payments, too...

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Therese Torris's comment, September 14, 2012 12:30 PM
Marty, a friend of mine called Nicolas Guillaume (FI entrepreneur and very good analyst of financial markets... in French) opened my eyes about this: Jack Dorsey talks about BI but what he really wants to do is direct marketing à la "Groupon meets Cardlytics". It makes sense to me: the 2.75% commission on a payment transaction is horrendously high but 1) it will go down and 2) there may be not much left of it for Square after everybody in the payment chain gets their cut. Merchants don't want to pay such fees for payment processing anymore. But they are definitely ready to pay for new customers. Square will not sell the data but the prospect ! It will send a voucher for MacDo to a regular customer that did not visit for 2 days and a discount on the pants to the lady whobought the suit's jacket. Your take?
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Inspire Commerce nabs $500,000 to launch universal payment platform

Inspire Commerce nabs $500,000 to launch universal payment platform | Payments 2.0 | Scoop.it
Inspire Commerce, which is working on a universal financial transaction technology platform, has raised a $500,000 seed round from Axia and The Story Stock Exchange. The company plans ...

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Apple's Passbook wins two more major airlines

Apple's Passbook wins two more major airlines | Payments 2.0 | Scoop.it
We got just a taste of some companies participating in Passbook, the new location-aware ticket and coupon app in Apple's iOS 6.
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The Mobile Payments Fustercluck by TechCrunch

The Mobile Payments Fustercluck by TechCrunch | Payments 2.0 | Scoop.it

Therese's comment: A non exhaustive review of the many ventures competing in the US mobile payment market. Main/only value lies in the laundry list of mobile payment ventures:

Square

PayPal

VeriFone

Intuit GoPayment

iZettle

mPowa

Google Wallet

American Express Serve

Visa V.me

MasterCard PayPass

Isis

Jumio

BrainTree

Dwolla

Kuapay

Placecast

Boku

AisleBuyer

ZooZ

LevelUp

Groupon

Shopkick

Starbucks

Apple’s Passbook

Card.io (PayPal)

TXvia (Google)

Breadcrumbs

Kima Labs.

 

Photo credit/Flickr/Stevendepolo

 

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Visa exec hails phone payment revolution - CNN [VIDEO]

Peter Ayliffe, CEO of Visa Europe, predicts the fast-paced movement of the technology around cashless payments will overtake more conventional methods in the next decade."

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What chicken? What egg? VeriFone ships more than 1 million NFC ...

What chicken? What egg? VeriFone ships more than 1 million NFC ... | Payments 2.0 | Scoop.it
The mobile wallet wars are heating up around the world and putting an end to the proverbial chicken-and-egg scenario that has plagued this industry for years: MNOs wouldn't order phones with proximity payment technology ...
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Wal-Mart And Friends Plan Mobile-Payments Network To Fight High Card Fees - Forbes

Wal-Mart And Friends Plan Mobile-Payments Network To Fight High Card Fees - Forbes | Payments 2.0 | Scoop.it

Wal-Mart, together with other large brick and mortal retailers including Target and Best Buy, is developing a mobile application that will be compatible with most...

 

Therese's comment: More about the "Merchant Customer Exchange"... suddenly everybody is waking up to the reality that retailers are fed up with giving up their small margin to credit card processors.

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How mobile POS and payment systems prevent fraud | MobilePaymentsToday.com

How mobile POS and payment systems prevent fraud | MobilePaymentsToday.com | Payments 2.0 | Scoop.it

"Mobile payment technologies actually provide more safeguards than current payment methods."

 

Therese's comment: Refreshing article detailing the many tools and apps that can make mobile payments more secure.

 

Too often naysayers focus on imaginary dangers of mobile payments and discuss them as if current payment methods were secure. They are not.

 

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Hong Kong moves towards NFC payments - NFC World

Hong Kong moves towards NFC payments - NFC World | Payments 2.0 | Scoop.it

Hong Kong could be 1st State to embrace digital wallet, with launch of NFC payment platform...

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Everything Everywhere, Telefonica and Vodafone win EU approval for joint UK mobile commerce platform

Everything Everywhere, Telefonica and Vodafone win EU approval for joint UK mobile commerce platform | Payments 2.0 | Scoop.it

Mobile operators Everything Everywhere, Telefonica and Vodafone, have won approval from the European Commission to move ahead with a planned mobile commerce joint venture in the UK.

News ...


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