All Posts Tagged Tag: ‘mobile payments’

Apple Pay Coming to 200K Vending Machines, Parking Stations

Apple and USA Technologies have just entered into a partnership that will make the company’s mobile payment solution, Apple Pay, available in over 200,000 self-service retail locations. What do they mean by “self-service retail locations”? Things like vending machines, laundry pay stations, and parking meters, for instance. “Our customers are excited to accept Apple Pay at the self-serve locations they …

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Amazon May Be Readying Its Own Card Reader

Is Amazon preparing to unveil a Square competitor? According to reportedly leaked documents from office supplies retailer Staples, Amazon is about to put a card reader on the market. The documents reference an “Amazon Card Reader” alongside other established players like PayPal, Square, and Staples’ own mobile payments reader. According to 9to5Mac, the product is being listed at $9.99. Though …

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Mobile Payments to Hit $500 Billion This Year

As smartphones and tablets have quickly rose to prominence in the tech industry, retailers have readjusted their business models to take advantage of the mobile shopping opportunities the devices provide to consumers. Now revenues from mobile payments are rising to levels unimaginable just half a decade ago. Market research firm Juniper Research this week released a new report predicting that …

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Contactless Mobile Payments to Hit $10 Billion by 2018

Though the mobile payment industry has been slow to emerge for a variety of reasons, the deals and technology are now in place for the industry to take off. Market research firm Juniper Research today released a report predicting that contactless mobile phone payments in particular will see a big surge in the coming years. The report estimates that over …

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NFC Finally Coming to Most Smartphones

Apple has ignored NFC, choosing instead to implement other mobile payment systems in its iPhone devices. This has limited the reach of NFC in the premium smartphone market and, in turn, limited the rollout of NFC to the greater smartphone industry. Last year, however, a tipping point was reached and NFC technology is now quickly becoming a standard mobile payment …

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Square Acquires Expense-Sharing Service Evenly

Square has just added another mobile transactions company to their team, announcing the acquisition of Evenly today. “[W]e’re pleased to announce that the Evenly team is joining Square. Evenly’s app made it easy for anyone to send or collect payments from friends, anywhere, anytime. But more importantly, the team showcased the importance of prioritizing experience over the technical aspects of …

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Square Has a New, Thinner Card Reader

Square has just unveiled a brand new credit card reader, one that they call their “best performing Square Reader ever.” The reader has not only improved in swiping functionality (it should be easier to swipe now), but the new Square Reader is 45% thinner than its predecessor. Post by Square. It really is a lot thinner… As always, you can …

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Why Smartphones Are Forcing Retailers To Rethink Their Business Models

As smartphones become more ubiquitous in established markets, traditional business models have begun to quickly shift and adapt. Entire markets based on specific technologies have been wiped away by a handful of smartphone apps. The instant access to information that smartphones provide has also superseded a number of traditional information-based businesses. Perhaps more than any other, the retail industry will …

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NFC Mobile Payments Slowly Gaining Traction

Just over one year ago, banks and mobile operators were scrambling to implement NFC mobile payment systems. They were most likely convinced that Apple would soon put the technology into its latest iPhone, propelling demand for NFC services overnight. It’s 2013 now, and the latest iPhones still do not have NFC technology. With Apple now seemingly obstinate on the issue …

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Square Pays $507K Fine for Operating without Proper License in Florida

Mobile payments company Square has agreed to pay a fine in the state of Florida for operating without the proper licensing. Square entered a payment of $507,000 to Florida’s Office of Financial Regulation on July 24th, after the Office found that they had been operating without a money transmitter license. Under Florida law, any company that offers payment or processing …

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It Looks Like Payments Will Belong To PayPal In 2013

PayPal announced on Monday that it has reached deals with 23 major national retailers to enable customers to pay with PayPal in stores. Participating retailers include: Famous Footwear, Dollar General, Mapco Express, RadioShack, Spartan Stores, Abercrombie & Fitch, Advance Auto Parts, Aéropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, the Home Depot, Jamba Juice, JC Penney, Jos. …

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Starbucks to Sell Square’s Mobile Card Readers in Store

Would you like a mobile payments processing unit with your caramel macchiato? Square and Starbucks are further bolstering their relationship, building on one that already includes millions in investment and a payment option deal. Starting soon, Starbucks customers will be able to purchase Square mobile card readers at their coffee giant’s 7,000 stores. The Square card reader normally sells for …

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