With the influence of smart phones on in-store sales outpacing their influence on online sales, San Francisco-based Zappli Inc. is seeking to remedy that disparity through the introduction of InstaBuy, a mobile-checkout application that enables consumers to make a purchase through their smart phone in two clicks. Merchants can deploy …
Read More »Decoupled Debit Goes Mobile As Closed-Loop Card Processor Pushes Wallets
National Payment Card Association is out to prove the obituaries for decoupled debit were, as the saying goes, exaggerated. Not only does the company have 4,000 gas stations accepting its PIN-based debit cards, it expects a major petroleum vendor will begin accepting debit transactions through its platform on a mobile …
Read More »Eyeing Larger Merchants, Square Enhances Apps with Loyalty Functions
Hard on the heels of its announcement last week that it is now processing for some 2 million merchants and individuals, mobile-acceptance startup Square Inc. on Tuesday said it has added customer-loyalty functions to its Pay with Square and Square Register applications. The new functions will allow both merchants and …
Read More »Dynamics Gets Set to Push its ePlate Loyalty Platform into Entertainment, Retailing
The music and movie industries as well as retailers are next on startup Dynamics Inc.’s list of targeted industries for its ePlate loyalty application. Launched in April, ePlate embeds computer architecture into a credit card, enabling consumers to rewrite information from a choice of loyalty programs to the card’s magnetic …
Read More »Mobile-Payments Startup LevelUp Blazes a New Trail in Merchant Pricing
In what may be a harbinger of things to come in mobile-payments pricing models, Boston-based LevelUp has dropped its merchant-acceptance fee from 2% of the transaction to zero. Instead, the company will earn merchant fees of 35 cents per dollar of incremental sales generated by the redemption of rewards earned …
Read More »New Network Required to Mine Full Potential in Mobile Payments, Report Argues
Marketing revenue from mobile payments has the potential to dwarf payments revenue, as pundits have been saying for some time, but that potential will never be realized unless a new sort of payment network is built, argues a new report. Existing networks like Visa Inc. and MasterCard Inc., not to …
Read More »Eye on Mobile: Consumers Like Non-Bank Wallets; Android Stays on Top
Nearly half of consumers are interested in using mobile wallets, and they are not necessarily wedded to wallet products from banks, according to research released on Monday. Indeed, some 48% of U.S. consumers surveyed online in April said they are interested in mobile wallets. Of these, 80% expressed a preference …
Read More »Reports Indicate Groupon Is Joining a Crowded Field of Mobile-Acceptance Players
Just as payments executives were preparing to plunge into the Memorial Day holiday weekend, reports emerged that Groupon Inc. is testing a mobile-acceptance application in and around San Francisco. The reports, which are based in part on a solicitation received via e-mail by a merchant, indicate that the Chicago-based daily-deal …
Read More »Survey Shows Prepaid Cards Filling a Growing Financial-Services Void
Among five major financial products, only prepaid cards grew in consumer ownership last year, according to new findings from Javelin Strategy & Research. Pleasanton, Calif.-based Javelin assessed prepaid cards’ current market position and prospects through a random online survey last October of 3,210 U.S. adults, and compared many of the …
Read More »Intuit Picks up Key In-Store Checkout Technology with AisleBuyer Deal
With rivals like PayPal Inc. and Square Inc. having made moves recently to enhance their point-of-sale payments offerings, Intuit Inc. on Tuesday confirmed it had bought AisleBuyer LLC, a 3-year-old startup whose technology lets consumers check themselves out of stores with their handsets. Terms of the deal were not disclosed, …
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