PaymentsSource

Today in Payments

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  Tech Advances, Merchant Adoption Help Mobile Point of Sale Mature

  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 that’s 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 Service Helps Immigrants Manage Funds Sent Back Home

  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, Payleven Partner for Pay-As-You-Go Mobile Point of Sale

  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.

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  Bob Evans, TSYS Managing Director of Europe, Dies During Hiking Trip

  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 Adds Google Wallet for Cab Fare Pay Option

  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, Oakland Protest Visa, MasterCard Swipe Deal

  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.

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  Tipalti Expands into Advertising Payments

  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.

• PlanetSoho Adds Paper Billing Service

  Small business tech provider PlanetSoho is adding new tools that are aimed at clients that prefer paper billing.

• Wex Boosts Travel Payments Tech

  Corporate payment company Wex has entered a partnership with travel services provider Grupo Transhotel to broaden travel payments services.

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  Bitcoin Merchant Processor Gets $2M from PayPal Vets, Others

  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.

• ISO Offering Womply Insights Analytics to Merchants

  US Merchant Systems, an ISO with 100,000 retail locations, is providing data analytics to customers through Womply Insights.

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  ATMIA Video Celebrates ‘Fungible’ Cash

  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 it’s fungible, meaning that it’s ‘interchangeable” when filling an obligation — like grain and other commodities.