Even though Checkout was replaced by Wallet in 2011, it still has been an option for those merchants who are adamant about using the old service in their operations. But on November 20, that will come to an end. Google said by that time merchants who use Checkout will have two options: (1) move to another service, such as Google partners Braintree, Shopify, or Freshbooks, if they don't have their own payment processing, or (2) … Read more
PayPal is taking a major leap into the payment-processing space: it's eliminating fees for businesses that sign up for its service.
The news was announced on Tuesday by PayPal president David Marcus, who said that any business that dumps its old point-of-sale (POS) services in favor of PayPal Here -- the company's mobile-payment-processing service -- or another POS offering that integrates PayPal's technology, it'll wave fees through the rest of the year.
"We will offer free credit, debit card, check, and of course PayPal processing for the remainder of the year to any qualifying U.… Read more
SAN FRANCISCO--Aiming to help Square Register merchants who have had no standard hardware, Square today unveiled a stand meant to hold an iPad and make for an easy and common point-of-sale experience.
At a press event across the street from Square's office, the mobile payment company's CEO, Jack Dorsey, and Jesse Dorogusker, who leads the Square Register team, showed off Stand, its new hardware intended to give merchants a streamlined way, and a single aesthetic, to accept payments.
The problem, said Dorsey, is that merchants have had no single method to take payments using Square Register. Around the … Read more
The head of Google Wallet -- the Web giant's mobile payments initiative -- has left the company, Google confirmed Wednesday.
"We can confirm that Osama Bedier has decided to leave Google this year to pursue other opportunities," Google spokesman Nate Tyler said in a statement. "He's achieved a lot during his time here and we wish him all the best in his next endeavor. Payments are a big part of what people do every day, and we're committed to making them easier for everyone."
Bedier joined Google in 2011, leaving eBay's PayPal … Read more
For a mobile payments platform whose future success is tied to its ability to be accepted by as many retailers as possible, a company like Square has to have someone leading the charge toward such deals.
That's why Square -- the San Francisco startup founded by Twitter co-founder Jack Dorsey -- has just hired its first vice president of partnerships. It said today that it has tapped Alex Petrov, former PayPal vice president of retail marketing, for the job. Petrov also previously held the position of vice president of consumer brands at supermarket giant Safeway.
It will be Petrov'… Read more
Apple doesn't seem ready to leap into the mobile payments arena, at least according to comments made Tuesday by CEO Tim Cook.
During Tuesday's conference call announcing fiscal second-quarter earnings, Cook responded to a question about mobile payments.
"I think it's in its infancy," the Apple CEO said. "I think it's just getting started. Just out of the starting block."
Reading between the lines, that likely means Apple has no plans to jump onto the mobile payments bandwagon, at least not at this point. Past rumors have continually suggested that the company … Read more
Amazon may be cooking up its own anonymous mobile payments system.
Published yesterday by the U.S. Patent and Trademark Office, the Amazon patent application appropriately dubbed "Anonymous mobile payments" describes a system that would let mobile users pay for items without having to reveal their name, phone number, e-mail address, or other personal details to the seller.
The invention follows in the footsteps of other mobile payment systems. However, Amazon takes it a few steps further.
Beyond shielding the personal information of the buyer, Amazon's system would use a special code, or temporary identifier, to conduct … Read more
Digital wallet operators, like Google, PayPal, and others, should be charged a fee for offering such a service, according to Visa CEO Charlie Scharf.
Speaking at the Barclays Emerging Payments Forum yesterday, Scharf said "it is totally appropriate" for credit card companies to charge digital wallet operators a fee on all transactions, according to Reuters, which was in attendance.
Scharf's comments come after eBay revealed in a February regulatory filing that MasterCard was planning to charge it a fee for its digital wallet service starting in June. The actual amount PayPal pays isn't expected to be … Read more
That seems to be the logic behind mobile pay service LevelUp's presence at South by Southwest, a show where brands are drowning out startups in search of their breakout moment.
LevelUp, a 2-year-old mobile pay service operated by Boston startup SCVNGR, skipped dog-and-pony-show antics for a far more practical strategy that is drumming up dollars instead of buzz. The company is powering mobile pay at every food … Read more