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
The most challenging and frustrating aspect of the Single Euro Payments Area project, according to a major German acquirer, is its goal of establishing common payment standards throughout Europe.
ZooZ is one several companies building new technology that attempts to improve the integration between marketing and mobile payments.
"The players in the ecosystem haven't figured out how to monetize the banner ads that are inside mobile apps," says Noam Inbar, vice president of product development for ZooZ.
Visa's hiring of former JPMorgan Chase executive Ryan McInerney to be its new president maintains the card network's bond with the top-tier bank.
Target Corp., Macys Inc. and other companies sued Visa Inc. and MasterCard Inc. over credit-card and debit-card fees after retailers objected to a multibillion-dollar settlement of a similar suit.
Square announced expansion into Japan with updated Register features today, after seeing two executives, Alyssa Cutright and Alex Petrov, leave the mobile payments company.
Square's expansion into Japan comes from a partnership with Sumitomo Mitsui Card Corporation, the company responsible for bringing Visa to Japan.
Chase Paymentech Europe, a merchant acquiring and processing subsidiary of JPMorgan Chase, has introduced a new service designed to lighten the security burden for European online merchants.
Visa has hired Ryan McInerney to be its president. McInerney, previously the chief executive of JPMorgan Chase's consumer bank, fills a position left vacant since John Partridge retired in March. Visa also appointed Elizabeth Buse and Bill Sheedy to new roles.
As MoneyGram International sits solidly as the world's second-largest money transfer business, its growth strategy is focused on diversifying its product suite and capturing market share that remains untapped by MoneyGram and rival Western Union.
A turn towards small local Bitcoin exchanges could keep the digital currency out of trouble while preserving the self-sufficient ethos of the Bitcoin community.
Virtual Piggy is adding merchants in the U.K., setting up its youth money management and ecommerce system at Toy Galaxy and Toadstool companies.
Sprint's Boost Mobile prepaid phone service developed a mobile wallet as a way to provide financial services for its underbanked target audience.
"There are many Boost customers that identify themselves as banking or credit challenged so we knew this would be a welcome feature," says Boost spokeswoman Jayne Wallace.
ControlScan is providing online payments security for ConvergenceHealth's digital- and cloud-based healthcare software and services.
EBay Inc. said PayPal will be available in 2 million retail stores this year as it takes on Square Inc. and Intuit Inc. in the market for mobile payments.
A Closer Look
Square, PayPal, Groupon and others recently revealed a flurry of new technology at the point of sale, demonstrating just how capable tablets and smartphones are at handling payments and other needs for small merchants.