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…
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…
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…
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…
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…
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…
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…
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…
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…
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…