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

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

Y Combinator-Backed Kash Lets Retailers Offer Starbucks-Like Mobile Payments While Cutting Out Credit Cards

kash If you’ve been to a Starbucks in the past year or so, it’s almost guaranteed you’ve seen someone in line pay with their smartphone by opening the Starbucks app and holding a bar code up to a scanner. Kash is hoping to bring the same experience to other retailers and small businesses while cutting out one of their biggest costs: credit card fees. Read More