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Editor's Note: Payments Update will not publish on
Memorial Day, May 27.
7
New Ways Mobile Is Changing the Point of Sale
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. [FREE]
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EBay
Says PayPal on Track to Reach 2 Million Stores in 2013
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. [FREE]
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Text-to-Donate
Payments Mobilize for Oklahoma Tornado Recovery
Following the devastating tornado that struck Moore, Okla.,
organizations involved in the rescue and recovery efforts are relying on
mobile payments technology to accept text message-based donations from
the public.
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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.
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Square
Signals Its Move in Person-to-Person Payments
A person-to-person payment method called Square Cash has surfaced on
Square's website, less than a week after Google announced similar
capabilities through Gmail and Google Wallet accounts.
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What
Google and Square's New P2P Payment Systems Take from Banks
Google and Square have entered the notoriously challenging
person-to-person payment field, sidestepping one of the major hurdles
other companies have faced: signing up new users.
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Visa
Names JPM's Ryan McInerney President, Gives Other Execs
New
Roles
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.
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Why
Some Merchants Accept Bitcoin Despite the Risks
Many merchants are still wary about accepting bitcoins, but new vendor
partnerships and a maturation of the companies that handle bitcoin
exchanges address some of the virtual currency's riskier aspects.
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Bitcoin's
Best Bets: Remittance, Micropayments and Charity
While many still see Bitcoin as an unrealistic payment method, venture
capitalists say there are clear use cases for the decentralized
cryptocurrency in micropayments, international remittance and charity.
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Fickleness
of Banking Relationships Vexes Bitcoin Startups
Crypto Street, a startup that's building a platform for trading digital
currencies like Bitcoin, is making a point of forging relationships with
multiple banks after similar businesses suddenly lost their bank
accounts and folded or scaled back.
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