Alibaba’s Ant Financial Takes Minority Stake In Security Software Maker V-Key To Beef Up Alipay

 V-Key, a security software maker for mobile apps, has raised $12 million from Alibaba Group affiliate Ant Financial Services and IPV Capital, a venture capital firm based in China. The Series B round means that Ant Financial now has a minority st…

Braintree Now Lets Merchants In Europe Sign Up With An Email, A URL And A Blurb

FINAL INSTANT SCREENSHOTS While PayPal continues to work out its frenemy relationship with Apple, and figure out how it will chart its life as a company separate from its owner eBay, its mobile and developer-friendly payments subsidiary Braintree, acquired in 2013 for $800 million, is launching a new service that will let merchants sign up to the platform with only an email address, URL and short company description. Read More

Verizon Leads Flint Mobile’s $9.4M Round As Payment Service Comes To The Web

flint Flint Mobile, a point-of-sale mobile payments solution originally built around snapping photos of your credit card instead of dongles or using other hardware to make payments, is today announcing that it has raised another $9.4 million in funding led by new, strategic investor Verizon via its Verizon Ventures arm; as well as an expansion of its service to the wider internet in a new… Read More

Boku Buys Germany’s Mopay In Carrier Billing Consolidation, Covering 5B Users

mopay payments on ipad Boku — the U.S.-based startup that enables consumers to pay for goods on their phones by charging directly on to their phone bills or deducting from available phone credits — is today announcing it is acquiring Germany-based Mopay, one of its biggest competitors. The companies are not disclosing the financial terms of the purchase — we are still trying to find out and… Read More

Here’s Apple Pay In Action

IMG_4157 Apple has revealed its mobile payments play, and it features NFC and Touch ID, as many expected. The system works as fast as they joked it did on stage – which is why in our demo we ran through a number of different payment scenarios. Read More

PayPal Expands Further Into Offline Retail And Mobile Payments With New PayPal Here SDK

1_2100x1313_300_RGB PayPal this morning is rolling out a new product designed to help its business move further into offline retail. The company is launching the PayPal Here SDK (software development kit), which will help online merchants sell their products offline, while also allowing brick-and-mortar merchants a new entry point into the world of mobile commerce. PayPal Here, as you may recall, was introduced… Read More

Three Trends That Will Make A Difference In Mobile Payments

 In the summer of 2008, I was in Paris delivering a mobile payments presentation to the CEO of a French bank. At the end of the meeting, he asked me when we would see more than 50 percent of retail payments transactions in developed markets go thr…

When Payment Processing Becomes A Commodity

payments processing, banking One of the big subjects of discussion in the banking industry earlier this year was the publication of the Millennial Disruption Index, stating that millennials view banks as irrelevant and placing traditional retail banking at the highest risk of disruption compared to other B2C industries. Accenture’s Banking 2020 report confirms this and draws a parallel to the challenges the… Read More