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With e-commerce kingpin PayPal Inc. having used mobile technology to move into processing for brick-and-mortar merchants, it was probably only a matter of time before others followed suit. The latest to join the parade is San Francisco-based mobile-payments provider Boku Inc., which on Thursday announced a platform that will let …
Read More »Just in Time for the Holidays—Gift Cards That Require Only 10% Down
With the holiday-shopping season set to kick off on Friday, a startup in San Diego has launched a Web site that lets consumers buy gift cards at 10% of face value. The remaining balance, the company says, comes due only when the cards are redeemed. The site, from Moola …
Read More »Awareness of PCI Remains “Shockingly Low” Among Small Merchants, Study Finds
Small merchants are not much more aware of—let alone compliant with—the Payment Card Industry data-security standard (PCI) than they were a year ago, according to a study released this week. Some 53% of small merchants are now at least aware of PCI, a small increase from the 47% a similar …
Read More »Apriva Poised to Offer a Mobile Wallet Aimed at Guarding Acquirers from ‘Outsiders’
The mobile-wallet race, which has attracted a slew of entrants in recent months, is about to get more crowded on fears that established merchant acquirers could be elbowed out of the nascent mobile-payments business. Apriva Inc., a Scottsdale, Ariz.-based provider of wireless technology for payments, will launch in November …
Read More »New Jersey Transit Hops on the Google Wallet Train
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Read More »More Retailers Offer Virtual Gift Cards, But Could Do a Better Job with Them, Report Finds
With the holiday season weeks away, more major retailers are now offering so-called virtual gift cards. But few make the experience of buying, sending, and redeeming the digital payment products easy or pleasant, according to a report issued this week. Some 59 of the 100 largest online merchants, ranked …
Read More »CashStar Readies a Mobile App That Taps Bank Rewards Points for Retail Gift Cards
CashStar Inc. plans early next year to roll out a mobile app that will let consumers tap unredeemed rewards points held at banks to buy digital gift cards from major merchants. The app will also feature location-based alerts to let users know when they are near a merchant issuer. …
Read More »Bling Nation’s Pause to Retool Likely to Leave It Behind Rivals
Slow acceptance among merchants and consumers appears to be the underlying cause for Bling Nation’s decision to suspend operation of its PayConnect and FanConnect mobile services. Palo Alto, Calif.-based Bling said earlier this week that it is pausing operations to retool its services in response to feedback from merchants …
Read More »A Hefty Investment Accelerates eWise’s Expansion Plans for SVP
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Read More »Google’s NFC Entry Impresses Experts, But Leaves Key Questions Unanswered
Google Inc.’s entry in mobile payments and marketing, which the online search titan unveiled last Thursday, swept many observers off their feet with its comprehensive roundup of key players but also left a number of crucial questions unanswered. Experts agree, though, that the uncertainty swirling around these questions only underscores …
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