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Amex Using Apple Pay, OptBlue as 'Levers' to Grow
American Express Co. is pulling new levers to build its business with small merchants and drive mobile wallet adoption, emphasizing its work with Apple Pay.
Image: Bloomberg News
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Image: Bloomberg News
The merchants and issuers invested in Apple Pay must maintain a strong emphasis on employee education — especially if the stakeholders want Apple's mobile wallet to avoid the fate of the many previous payment technologies that sought to displace plastic cards. more »
Image: Bloomberg News
EBay's planned spinoff of PayPal, announced today, is a necessary and inevitable response to the influx of disruption coming to the payments industry from unconventional sources. As companies like Amazon.com, Apple and Wal-Mart take a growing interest in the payments market, PayPal's status as a unit of a rival e-commerce company limited its role. more »
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Spire Payments will supply Indian Overseas Bank with more than 7,500 mobile point of sale devices in its mPOS deployment in the Chennai region of India. more »
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Revel Systems' deal with the New Orleans-based Smoothie King franchise will be the largest deployment to date of its iPad point of sale software. more »
Chris Ciabarra, chief technology officer and co-founder of Revel.
Merchants using Revel Systems' iPad point-of-sale software will now have the option to incorporate Web ordering into the system, and will also be able to accept Apple Pay when Apple's mobile wallet launches next month. more »
Flint's mobile app
Mobile payment provider Flint is adding team accounts to support the move beyond its roots as a vendor to micro merchants. more »
Square has raised $100 million in funding at a valuation of about $6 billion, according to Fortune, which attributed the news to market data source VCExperts.com more »
Image: Bloomberg News
If you can't beat them, join them — and join them fast. The other mobile wallets that already exist on Apple's ecosystem, such as LevelUp and Softcard (formerly Isis), are quickly working to integrate with Apple Pay and the iPhone 6 rather than try to defeat them. more »
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Merchant acquirers and processors are looking at a far different payments landscape in light of recent and anticipated developments from the Merchant Customer Exchange, Apple, Amazon.com and other companies. more »
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First Data India is leveraging Roam's mobile platform to launch its own branded chip-and-PIN mobile card reader in the country. more »
The Amazon Local Register device
Amazon's launch of a mobile card reader should force many mobile point of sale companies to reevaluate whether their own offerings are distinct enough to ensure their survival. more »
Image: Bloomberg News
Square is seeking to gain about $200 million in funding, with part of that coming from the Government of Singapore Investment Corporation, according to CNBC. more »

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