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New nonbank companies entering the payments industry should be subject to the same regulatory oversight and transparency requirements as their financial institution peers, according to a report released by the American Bankers Association.
June 19 -
Mobile payments companies and retailers will forge more partnerships where they retain customer identities, making it unnecessary to re-enter credit-card information, said John Collison, co-founder of Stripe Inc.
June 19 -
Online restaurant reservation provider OpenTable Inc. has acquired mobile payment startup JustChalo Inc. for $11 million.
June 18 -
Punchey's tossing its hat into the mobile payments ring with a mix of mobile card acceptance, social network-driven marketing and other services designed for merchants that handle larger payments.
June 18 -
BuyReply, an Australian startup, is going back to the basics in allowing consumers to purchase items from television and magazine advertisements by sending just an email or a text message no special hardware or software required.
June 18 -
Eight months after giving the Project Oscar mobile commerce initiative a new name Weve and a new mission in the U.K., the telco joint venture has given its first hints of launching a Near Field Communication mobile payments service.
June 17 -
Tristan O'Tierney, one of Square's team of co-founders is leaving the mobile payments company after four years.
June 17 -
McDonald's and Kuwait International Bank are partnering with Seamless to pilot Seamless' SEQR mobile payment system in Kuwait.
June 17 -
Many small merchants operate a website not conducive to accepting payments on mobile devices, and many have not upgraded point of sale terminals to accept mobile payments.
June 13 -
Square Inc. has redesigned its mobile payment app, displaying its merchants as thumbnail images instead of as a list and placing a greater emphasis on discounts and loyalty.
June 13 -
Merchants, acquirers and issuers are preparing to handle EMV-chip debit cards that carry three application identifier codes from Visa, MasterCard and Discover as an earlier push to use one common code remains unresolved.
June 13 -
Corduro has added technology to its PayMobile app to locate and attract nearby customers when a merchant's business is slow.
June 13 -
Visa Inc. and Ethoca Ltd. have partnered in an effort to thwart online payment fraud attempts, which they expect to increase as the U.S. shifts to the EMV-chip card standard at the point of sale.
June 12 -
Discover Financial Services' arrangement to facilitate in-store PayPal transactions across its network stands to serve as the biggest expansion of its ongoing strategy to serve as a multifaceted utility throughout the payments ecosystem.
June 12 -
Gravity Payments now allows PayPal card acceptance at about 10,000 merchants in Washington State.
June 11 -
Silicon Valley Community Foundation, a philanthropic organization, began accepting donations in ripple or XRP, the native digital currency of the Ripple network.
June 11 -
Taco Johns, a West-Mex fast food chain, is launching the cloud-based FreedomPay Commerce Platform at more than 400 locations nationwide.
June 11 -
PayAnywhere will provide mobile credit card processing to Camp Masters, the popcorn brand sold by the Boy Scouts of America for fundraising.
June 11 -
Chirpify, which handles payments over social media, is launching a direct payment processing option, overcoming its reliance on PayPals service.
June 11 -
Consumers today are social media addicts, and Getonic is aiming to use their Facebook and Twitter habits to the advantage of online merchants.
June 11
