Tag Archives: Mobile Payment

GigaOm’s top 25 mobile payment companies

Ryan Kim at GigaOm has a large post about the top 25 mobile payment companies. Mobile payment has been on the horizon for many years and finally had a break out in 2011. While its still early, mobile payments are going to be the next big thing as the world moves to mobile computing devices as primary platforms for accessing the web.

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Square iOS apps: no signiture for under $25 transactions

In a move to speed up payment transactions, Square is introducing a streamlined process and discontinued the need for signatures on transactions of under $25. The moves comes with a number of application and website improvements all of which lead to the ability to conduct a transaction in under 4 seconds, according to the company. One of the tools to help that happen is called Card Case, which allows users to build a list of preauthorize vendors for rapid payment.

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Dwolla introduces Proxi

The online and mobile payment platform Dwolla is introducing a new proximity based serve called Proxi that allows users to send and receive cash to people close to them. The service is suppose to make things faster and easier by allowing a user to “tie” their account to a location or vendor.

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Mobile payments: the big picture

Gigaom Pro has a comprehensive look at the mobile payments landscape and draws some conclusions for consumer adoption over the next 5 years. The bottom line is that consumer’s switching to mobile wallets will only come if there are additional benefits like deals and offers and provide greater convenience than simply using credit cards.

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Verizon partners with mobile billing platform Payfone

Verizon has announced a partnership with mobile payment company Payfone to allow one click purchases via cell phone for online goods and services. This is in addition to the Isis payment consortium and the BilltoMobile relationship.

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Paypal buys Fig Card

Quickly following the Visa investment in Square, Paypal announces its purchase of Fig Card. Fig Card is a low cost, point of sale USB credit card reader that makes it easy for merchants to take credit card purchases using existing equipment.

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Visa makes investment in Square

As Jack Dorsey put it in a tweet this morning: “Absolutely the best way to start or grow your business.” Visa announced today they had taken a stake in mobile payment facilitator Square. The move represents Visa’s interest in reach the many small businesses and merchants that are not big enough to sign up for Visa’s merchant services, which the New York Times estimates to be around 27 million.

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Starbucks CEO Howard Schultz

Starbucks mobile payment app: 3 million users

Mashables reports today that Starbucks CEO Howard Schultz told shareholders that there have been 3 million users of the Starbucks mobile payment app, which only began in January of this year.

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Starbucks mobile payment app

Starbucks mobile payment app

Starbucks announced a nationwide mobile payment app for the iPhone and iPad that extends its Starbucks card and loyalty program to a mobile app.

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AT&T and Sprint: mobile payment

AT&T and Sprint both announce new mobile payment solutions in the US. The mobile commerce/payment market is expected to be worth $633B by 2014, so its a huge opportunity anyway you look at it. However, when you add virtual goods into the mix and alternative “currencies” things really start to heat up.

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