PaymentsSource

Processing Industry News

• Intel-Backed IP Commerce Shuts Payment Service Used by Groupon

  PaymentsSource | May 24, 2013

  IP Commerce Inc., a startup backed by Venrock Inc. and Intel Corp.'s venture-capital arm, is shutting its key business, which handles credit-card processing for companies including Groupon Inc., citing competition.

• Phillips 66 Adds Thousands of Gas Stations to MCX Mobile Pay Fold

  PaymentsSource | May 24, 2013

  Phillips 66 has joined the retailer-driven Merchant Customer Exchange mobile payments and commerce initiative, the Houston-based gas station chain announced May 23. Phillips 66 also operates Conoco stations. The company joins MCX only two weeks after the mobile payment venture added another petroleum provider, Pacific Convenience & Fuels LLC.

• Charge Anywhere to Link Smartphones to EMV Mobile Card Readers

  PaymentsSource | May 24, 2013

  Charge Anywhere LLC will have gateway software available when small U.S. merchants need to accept EMV-chip card payments with their smartphones.

• Virtual Piggy Partners With Education Software Maker JumpStart

  PaymentsSource | May 24, 2013

  Youth payments company Virtual Piggy is adding elements of gaming to its product mix via a partnership with JumpStart.

• Blaze Mobile Pushes Flexibility with Multi-Wallet NFC Sticker

  PaymentsSource | May 24, 2013

  Blaze Mobile is developing a new Near Field Communication mobile phone attachment that attempts to build a more open mobile wallet by allowing consumers to choose from a series of payment accounts.

• SEPA Continues to Challenge European Acquirers

  PaymentsSource | May 24, 2013

  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.