7th Annual Mobile Banking and Commerce Summit
June 3-5, 2013
InterContinental Miami, Miami, FL
8th Annual Underbanked Financial Services Forum
June 5-7, 2013
May 22, 2013
Today in Payments
A growing number of payments technology providers are targeting small businesses with mobile point of sale offerings, creating a tech boom for a merchant segment thats often been underserved.
The market is ripe, there are a lot of well-established players out there who see an opportunity to reach small-to-medium businesses and merchants, says Drew Lewis, a product manager at Leaf. The payment companies in the space are racing full steam ahead to get products out into the market.
Money transfer services designed for immigrant populations are helping consumers more effectively send cash back home and manage where and how funds are spent.
Micros Systems UK Ltd. and mobile payments provider Payleven have developed a cloud-based point of sale system that includes mobile chip and PIN card acceptance.
Bob Evans, managing director of the Europe division of Total System Services Inc., passed away May 11 while on a hiking excursion in California with friends.
Evans joined the Atlanta-based payment processor in late 2000 as one of the first in the company to work out of the London office to develop its European processing business through TSYS International.
Uber, the smartphone app that lets consumers hail a cab or schedule a car service, now includes the ability to pay for rides using Google Wallet.
Little Rock, Arkansas and Oakland, California objected to a multibillion-dollar settlement of a price-fixing case against Visa Inc. and MasterCard Inc. over the fees charged to merchants to process credit-card transactions.
Mass payment facilitator Tipalti is bringing its technology to advertising payments through a partnership with Cake Marketing, which provides services for performance-based marketing.
Tipalti will integrate its payments execution and document management capabilities into Cake Marketing's online campaign tracking, allowing users to create payment instructions for performance-based campaigns.
Small business tech provider PlanetSoho is adding new tools that are aimed at clients that prefer paper billing.
Corporate payment company Wex has entered a partnership with travel services provider Grupo Transhotel to broaden travel payments services.
BitPay, which processes payments for merchants in the virtual currency Bitcoin, has attracted some investors with a pedigree in pioneering alternative ways to send and receive money.
The Atlanta-based startup said Thursday it has secured $2 million in seed capital from a group led by Founders Fund, a San Francisco-based venture capital firm started by Peter Thiel, Ken Howery and Luke Nosek, who co-founded PayPal.
US Merchant Systems, an ISO with 100,000 retail locations, is providing data analytics to customers through Womply Insights.
Cash is flourishing in the digital era, Freakonomics author Stephen Dubner asserts in a video the ATM Industry Association posted on YouTube and other social-media sites.
Dubner contends in the two-minute production that cash lives on because its fungible, meaning that its interchangeable when filling an obligation like grain and other commodities.
A Closer Look
The $45 million prepaid card crime spree, recently revealed by law enforcement agencies, is the latest in a long string of hacks on payment processors.