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Foursquare Partners with American Express
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Foursquare and American Express have entered into a partnership that will see card users getting discounts at stores, restaurants, etc. via Foursquare. WebProNews recently exchanged a few tweets with Foursquare CEO Dennis Crowley, following an article we posted questioning how …

Square Eliminates Transaction Fee, Calls it a Revolution
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Square, the mobile payments company co-founded by Twitter co-founder Jack Dorsey, just announced that it is removing a 15¢ transaction fee on credit card payments – a move that is sure to capture merchants’ attention. The company says:

Now when you swipe a card with Square there is just one fee: 2.75%. What you see is what you pay.

Will You Be Paying Restaurant Checks with Google This Year?

Google may launch a mobile payments service as early as this year, according to a report from Bloomberg BusinessWeek. This would be based upon NFC (near field communication) technology, which lets mobile device exchange data at close ranges. 

Major Mobile Carriers Teaming Up to Eliminate Credit Cards?
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Will the mobile phone replace the credit card? It sounds a bit like science fiction, but it appears that mobile carriers are trying to make it a reality.

Bloomberg reports that AT&T, Verizon, and T-Mobile USA are "planning a venture to displace credit and debit cards with smartphones". The companies would work with Discover Financial Services and Barclays Plc to test a system starting in Atlanta and three other unnamed U.S. cities.

PayPal Lets Apps Accept Credit Cards
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PayPal has announced that it now accepts credit cards in apps. The company’s payments platform, PayPal X, now has a Guest Payments feature.

"With this new feature, developers will now be able to accept credit card payments without requiring customers to open up a PayPal account," a spokesperson for the company tells WebProNews.

Are Credit Card Payments the Biggest Obstacle to Mobile Commerce?

Retrevo has provided us with some results from a recent survey looking at consumer behavior with regard to making purchases using mobile phones. Based on these findings, it appears credit cards may be getting in the way.

Key findings include:

PayPal Announces Some Pricing Changes
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Today, PayPal announced that it is making some changes to its user agreements and pricing. The changes are specifically related to refunds, chargebacks, and Amex payments.

PayPal senior director of SMB Merchant Services Eddie Davis outlines the following changes:

Federal Reserve Launches Consumer Credit Card Site
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The Federal Reserve has launched a new website aimed at helping consumers better understand the new credit card protections that will go into effect on February 22.

These rules ban a number of harmful practices and require more transparency in the disclosure of the terms and conditions of credit card accounts.

PayPal Intros New Student Accounts

eBay-owned PayPal has launched a new way for teenagers to shop online with PayPal and in stores with the "Student Card," part of the "Student Account." The account comes with a number of capabilities for parental monitoring.

Features include:

Steve Case’s PayPal Rival Gets Big Funding

Steve CaseRevolution Money is an online payment company owned by AOL co-founder Steve Case.

MySpace Credit Card Introduced
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MySpace Credit CardMySpace has stamped its name on a new Citi Credit Card, in which users can earn rewards redeemable through MySpace such as free music downloads, concer

TJX Hackers Charged By Justice Department

Albert “Segvec” Gonzalez, a Miami resident, and ten other people have been charged with crimes associated with the breaches at nine retailers, including the epic penetration of TJX.

Searches For Credit Cards Rise

With the holiday shopping season approaching, people want to buy presents.  An important part of buying things is paying for them, however, and so searches for credit cards are increasing.

Credit Cards For Small Business

For those that own a small business, having a credit card specific to small businesses can be a huge help to the company in a great many ways.