Upcoming Conferences
7th Annual Mobile Banking and Commerce Summit
June 3-5, 2013
InterContinental Miami, Miami, FL
8th Annual Underbanked Financial Services Forum
June 5-7, 2013
InterContinental Miami
Miami, FL
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Intel-Backed IP Commerce Shuts Payment Service Used by Groupon
PaymentsSource | May 24, 2013IP 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.
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Phillips 66 Adds Thousands of Gas Stations to MCX Mobile Pay Fold
PaymentsSource | May 24, 2013Phillips 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.
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Blaze Mobile Pushes Flexibility with Multi-Wallet NFC Sticker
PaymentsSource | May 24, 2013Blaze 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.
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ZooZ's New Payments Engine Aims to Make Mobile Ads Click
PaymentsSource | May 24, 2013ZooZ is one several companies building new technology that attempts to improve the integration between marketing and mobile payments.
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Square Expands to Japan as Its Staff Shrinks by Two
PaymentsSource | May 23, 2013Square announced expansion into Japan with updated Register features today, after seeing two executives, Alyssa Cutright and Alex Petrov, leave the mobile payments company.
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Visa Names JPM's Ryan McInerney President, Gives Other Execs New Roles
PaymentsSource | May 23, 2013Visa 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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Sprint's Boost Brings Mobile Wallet to the Underbanked
PaymentsSource | May 22, 2013Sprint's Boost Mobile prepaid phone service developed a mobile wallet as a way to provide financial services for its underbanked target audience.
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EBay Says PayPal on Track to Reach 2 Million Stores in 2013
PaymentsSource | May 22, 2013EBay 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.
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What Google and Square's New P2P Payment Systems Take from Banks
PaymentsSource | May 22, 2013Google 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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Swipely Gets $12 Million Funding Round to Fuel Growth
PaymentsSource | May 21, 2013Swipely has secured a $12 million Series B round of financing, which will fund its nationwide expansion, the payments and marketing company announced today.
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MasterCard, Telefonica Venture Brings Zuum Mobile Pay to Brazil
PaymentsSource | May 20, 2013MasterCard is part of a joint venture that will launch the Zuum mobile payments service this month. The venture is touting Zuum as the first service of its kind in Brazil.
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Prepaid Card Processors Hit in $45 Million ATM Cash-Out Scheme Identified
PaymentsSource | May 12, 2013The identities of the card processing companies whose systems were breached in a massive cyber offensive have surfaced.
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Google Reportedly Halts Physical Card
PaymentsSource | May 10, 2013Google is not including a physical payments card as part of its mobile wallet, at least for the immediate future, according to the tech news site allthingsd.com.
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Merchant Customer Exchange Adds New Retailers
PaymentsSource | May 9, 2013Southwest Airlines, Pacific Convenience & Fuels LLC, RaceTrac and Brinker International Inc. have joined the retailer-driven effort to establish a mobile wallet for merchants and consumers, the Irving, Texas-based MCX announced May 9. Brinker is the parent company of Chili’s Grill & Bar and Maggiano’s Little Italy.
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Despite Critics, Banks Should Consider NFC Mobile Payments: Report
PaymentsSource | May 9, 2013Near Field Communication technology has many detractors, yet it continues to advance as a mobile payments instrument. Banks should thus view NFC as an opportunity to ensure they stay relevant to customers' payments, according to a new Celent report.
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