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Payments Articles

Android Payments System Could Pit Google Against Groupon Android Payments System Could Pit Google Against Groupon
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Payments looks to be one of the most important battle fields on which the big tech companies are engaging. We’ve known for some time that Google would be getting into the NFC-based payment realm – in other words, you will …

Google Mobile Payment Service Tests Rumored
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The idea of waving your phone around to pay for something may come one step closer to widespread, in-the-U.S. reality this summer thanks to Google. Rumors indicate the search giant intends to test a mobile payment service in New York …

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 Processing Over $1 Million a Day
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Square is now processing over a million dollars a day. Co-founder Jack Dorsey (who also co-founded Twitter) said as much on Twitter

That number should continue to grow pretty quickly as not only has the startup attracted a great deal of buzz, but last week it announced that it was eliminating its 15 cent transaction fee.

Google In-App Payments Coming in May

Google has a new in-app payments product in private beta. Current users of Jambool’s Social Gold found about the product, which will most likely be formally launched at this year’s Google I/O in May. Google acquired Jambool back in August.

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.

Doxo Looks to Disrupt Payments Industry, Gets New $10 Million in Funding
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Doxo, a startup looking to overhaul the payments industry, has raised a new $10 million round of funding from new and existing investors like Amazon CEO Jeff Bezos’ Bezos Expeditions.

What Doxo does is enable consumers to securely receive, manage, store and now PAY their bills and other documents from multiple service providers from one place with one password, online. CEO Steve Shivers told WebProNews how he plans to disrupt the payments industry. He gave us four points:

PayPal Digital Goods Payment Product Released
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Today at eBay’s 2001 Analyst Day, PayPal announced the general availability of its digital goods solution, aptly called PayPal for Digital Goods. 

The product is designed for online publishers. "The solution makes paying for content online convenient and secure for consumers, a long-time challenge for all sorts of digital content providers," a PayPal representative tells WebProNews.

Is Facebook’s New “Buy with Friends” a Hint at Bigger Things to Come?

Facebook is all about friends, so it stands to reason that friends be the main facilitators of marketing through the social network. This is a sentiment driven home by Facebook’s new Sponsored Stories, as well as another new product they’re testing called "Buy With Friends". 

Will You Be Paying Restaurant Checks with iTunes This Year?

There has been no confirmation from Apple on this front, but word is that the next versions of the iPhone and iPad will include NFC (near field communication) technology, which means people will be able to use them to make payments out in the physical world (where the technology is supported – which will likely be a growing number of places). 

Bump CEO Talks Future Plans

Mobile app maker Bump Technologies has raised a $16m series B round of funding, led by Andreessen Horowitz, and including investments from Sequoia and others. Netscape founder Marc Andreessen will also be joining their board along with Greg McAdoo from Sequoia.

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. 

Now You Can Deposit Checks Into PayPal With Your iPhone
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Update: As far as availability, PayPal tells us, "Mobile Check Capture is currently available in the US only. The underlying technology that makes this possible is based on legislation passed by US Congress in 2004 as a result of the 9/11 attacks. The legislation, called "Check Clearing for the 21st Century," or "Check 21," gives US financial institutions the opportunity to clear checks using imaging technology rather than transporting the paper itself.

Amazon Makes Checkout Easier On Third-Party Sites
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Amazon.com has introduced “Checkout by Amazon” (CBA) that allows people with accounts to make purchases on third-party sites using their Amazon account credentials without having to leave the merchant’s site.

Amazon says by streamlining the checkout process for customers that it reduces the potential for shopping car abandonment for merchants.

 

PayPal Adds Donation Feature to iPhone, iPad App

PayPal has launched an update to its mobile app for the iPhone, iPad, and iPod Touch. It now has a donation feature that lets users donate to over 23,000 charities in the U.S., UK. and Canada.

PayPal to Offer Micropayment Service
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PayPal may release a micropayment service before th year ends if reports are accurate. President Scott Thompson is said to have indicated as much.

The move would make too much sense not to come sooner or later, and sooner would no doubt be in PayPal’s best interest. Not only are social games among the biggest trends of the web, but news organizations are still experimenting with ways to drive revenues, and micropayments are not out of the question for some.

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.

Yahoo Partners With Offerpal Media
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The Yahoo Application Platform (or Y!AP, if you shorten it and embrace the company’s use of exclamation points) grew significantly more appealing today.  A deal between Yahoo and Offerpal Media ensures that developers and users will have more payment options.

Accept Payments from Your Laptop with Android Payment Extension for Google Checkout
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Google has a new Android Payment Extension for the Google Checkout Store Gadget. This allows people to make purchases with their phones, and would be helpful to merchants who wish to accept credit cards.

PayPal Partners with Major Nonprofit Donation Solution Provider
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PayPal announced an agreement with Convio, a provider of solutions for nonprofits to raise funds, to let Convio implement PayPal to collect donations online. PayPal says this will help boost donations for Convio’s 1,300 nonprofits and give them access to the 84 million active PayPal users across the globe.

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: