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NCR Developing Mobile Payments and Offers for Airport Retailers

A long winter delay at an airport is a perfect opportunity for the businesses that operate there. And especially during the holiday season, NCR Corp. aims to make sure airport merchants are properly equipped to handle payments for harried travelers.

"One in four U.S. travelers is likely to buy a last-minute gift for the holiday at the airport," says Michelle Fischer, vice president of strategy and marketing for NCR's travel business.

NCR is developing payments applications for airlines and the merchants within airports. Its technology can gather data and push targeted offers to consumers. This process could allow airlines to increase non-aviation revenue, which can make up for the drop in business airlines suffer when fewer people can afford airfare. Read More >>

Will Payroll Cards Flourish or Flounder Under MC's New Rules?

MasterCard is tightening the screws around the use of prepaid cards as a way to pay employees. Some issuers will find its demands are straightforward and achievable; others may consider discontinuing the product.

"I do not see how the fringe players can stay in the business and survive," says Madeline Aufseeser, a senior analyst at Aite Group. "This is a scale-based business and companies need to have scale to make a profit."

MasterCard recently announced new standards for payroll cards, or the prepaid cards that companies distribute to employees as a way to access salary and other financial services. Read More >>


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Walmart, JPMorgan Divided on the Path to Faster Payments

The country's Federal Reserve banks have made clear that they want to see a much faster nationwide payments system within 10 years. Now comes the hard part: developing a plan to make that happen.

Any shakeup of the existing system is likely to produce winners and losers, so companies of all shapes and sizes are speaking up now in hopes of shaping the Fed's next moves. Read More >>

Bitcoins Spark Regulatory Crackdown as Denmark Drafts Rules

The spread of Bitcoins is now prompting regulators in Scandinavia to draft new rules in an effort to prevent virtual money from slipping into a legal gray zone.

Denmark is the latest nation to prepare standards to protect its consumers from risks associated with virtual currencies after the regulator found it lacked authority to prevent a company creating an exchange for the software. Read More >>


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PayPal Buys StackMob to Add Engineering Talent

PayPal has purchased StackMob, which provides a development platform for mobile payments.

"While projects underway at PayPal have already accelerated our ability to deliver great products to our customers, we believe that with the addition of the talented team from StackMob, we'll move even faster in creating, testing and deploying products that aim to transform payments for customers around the world," PayPal CTO James Barrese says in a blog post. Read More >>

Sweden's Klarna to Buy Germany's Sofort

Swedish payment company Klarna has agreed to purchase German payment provider Sofort from Reimann Investors, Sofort's majority shareholder.

Both companies will continue to offer their products side by side and operate on a stand-alone basis. The combined company will have 25 million users and 43,000 online merchants in 14 European countries. Read More >>

SCCP Founder Jerome Cle Resigns as CEO, Remains a Board Member

Jerome Cle has stepped down as CEO of SCCP Group. He will remain active as a board member and strategic advisor to the mobile payment technology provider.

The company's board will appoint an executive management committee led by Etienne Van den Bogaert, SCCP's CTO and acting CEO; and including Doug Merryman, president of the Americas; Erik Holst-Roness, chief strategy officer and president of the Middle East and Asia; and Benoit Delestre, president of Europe. Read More >>

VeriFone Pushes Taxi and Mobile Tech to Boost Its Business

VeriFone reported a loss in the fiscal fourth quarter, but beat its internal guidance, and is touting new mobile payments initiatives as a way to improve performance in the future.

The payment terminal manufacturer reported a quarterly net loss of $247.7 million, or $2.26 per share, compared with a net profit of $27 million or $0.24 per share in fiscal 2012. Revenue declined 11%, to $431 million from $485 million, but was ahead of analysts' expectations of $421.5 million for the quarter, which ended Oct. 31, 2013. Read More >>

Seamless Signs Pharmacy Chain to Use Its Mobile Wallet

Swedish pharmacy chain Apoteksgruppen will launch SEQR, Seamless' mobile wallet.

The deployment will start immediately, and users will be able to make payments and connect to the pharmacy's loyalty program via a SEQR's mobile app. The chain has 163 locations in Sweden. Read More >>

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