PayTech


Starbucks Sells Square Card Readers to Boost Small Business (Jan. 4, 2013)

Jan. 4, 2013 Customers now can purchase a Square mobile payment card reader along with their venti Caffè lattes and blueberry scones at all of Starbucks’ 7,000 company-operated stores in the United States. Square enables anyone with an iPhone, iPad or Android device to accept credit and debit cards with its card reader that plugs […]

Tagit, Smartlink Offer Smartphone-Based Banking in Vietnam (Jan. 4, 2013)

Jan. 4, 2013 In a bid to capitalize on the rapid growth of smartphone use in Vietnam, Singapore-based mobile banking provider Tagit is partnering with mobile switch operator Smartlink to launch a new platform that will enable Vietnamese banks to launch cost-effective smartphone-based financial services, the companies said. By partnering with Smartlink, Tagit gains access […]

mPowa Eyes Global Expansion (Jan. 4, 2013)

Jan. 4, 2013 Mobile payment provider mPowa is starting the new year in expansion mode, as the U.K.-based company unveils plans to enter new markets, including new cities in the U.S. and India. mPowa, which offers merchants a card reader that plugs into a mobile device for payment card acceptance, is competing with Square—the market […]

NYC Startup Banks on Virtual ‘Kurrenci’ (Jan. 4, 2013)

Jan. 4, 2013 New York City-based startup Kurrenci has developed a virtual currency it says will help online retailers earn and retain customers by using a unique discounting method. Kurrenci’s platform is based on the company’s eponymous virtual currency, which can be purchased or earned online by users, and then exchanged for goods at participating online […]

Companies to Watch: Cardfree (January 2013)

San Francisco-based startup Cardfree is taking a merchant-centric approach to mobile wallets, leveraging a leadership team that has worked on mobile programs for some big-name retailers.

Justin Bieber to Promote New BillMyParents Prepaid Card (Jan. 2, 2013)

Jan. 2, 2013 Bieber Fever is spreading beyond music and fragrances to prepaid cards. Pop star Justin Bieber soon will be promoting a MasterCard-branded prepaid card offered by BillMyParents Inc. The San Diego-based provider of payment solutions targeted to teens, young adults and their parents, announced late last year that Bieber will act as “brand […]

FIs Continue Daily Deals Push as Chase Nabs Startup for $35 Million (Jan. 2, 2013)

Jan. 2, 2013 JP Morgan Chase & Co. will pay $35 million to acquire San Francisco-based daily deals startup Bloomspot Inc. in a bid to bolster the local merchant discounts the bank can offer its Chase credit card customers. Bloomspot, which competes with daily Web deals titan Groupon Inc. as well as other city-specific deals […]

M-Payments in 2013 to Bring More New Startups, Intensified Competition (January 2013)

M-Payments in 2013 to Bring More New Startups, Intensified Competition January 2013    By Kate Fitzgerald, Emerging Payments Editor The pace of mobile payments entrepreneurial development is likely to remain brisk this year, with venture capital flowing into the sector and likely to drive a number of new concepts from new POS approaches to mobile […]

The Hottest Payments Topics of 2012 (January 2013)

January 2013   By Bill Grabarek, Senior Editor If anyone thought last year couldn’t compare with the events of 2011, they quickly were proved wrong as 2012 turned out to be every bit as transformational. In the U.S. market, we saw a fledgling federal watchdog agency, the Consumer Financial Protection Bureau (CFPB), go from crawling […]

MasterCard signs 10 PSPs for PayPass Online

Ten UK payment service providers have committed to MasterCard’s PayPass Online by MasterCard, part of PayPass Wallet Services, allowing them to accept electronic payments across multiple channels.

Man Group goes live with Swift’s global ETC messaging service

Alternative investment management firm Man Group has gone live with Swift’s Global Electronic Trade Confirmation messaging service, and successfully confirmed its first trades with Morgan Stanley using the Cor Financial Salerio post-trade management service.

Payza Launches New Remittance Service in Bangladesh (Dec. 20, 2012)

Dec. 20, 2012 A new money transfer service from online payment platform Payza will enable Bangladeshis living in the U.S. to quickly and easily send money to relatives and friends back home. With its new SimplySendBD service, Payza aims to capture a piece of the $14 billion annual Bangladeshi remittance market—and establish a successful template […]

BMO Seals Deal with Monitise to Enhance Mobile Banking, Payments Services (Dec. 20, 2012)

December 20, 2012 Canada’s mobile payments offerings continue to multiply. BMO Bank of Montreal is poised to boost its mobile banking and payments offerings through a strategic alliance with London-based Monitise plc to develop a range of new smartphone applications, mobile Web offerings and text-notification services for online and mobile banking. The deal builds on […]