Payment processor VeriFone is withdrawing from the mobile card payments market, citing “razor-thin margins.” The decision to shutter Square-competitor Sail came to light during a quarterly conference call, with CEO Doug Bergeron calling the market for low-volume merchant processing as “fundamentally unprofitable.” Sail opened for business earlier this year, offering customers a card reader that […]
AT&T, Sprint, T-Mobile USA, and Verizon Wireless have joined a new task force called the Mobile Payments Committee. The Mobile Payments Committee was formed by the Electronic Transactions Association trade group, and is chaired by Jackie Moran, Verizon’s executive director of federal relations. The task force has three main goals. The first is to smooth […]
Square readers have just been upgraded to offer hardware encryption, VentureBeat found. The company is planning on upgrading existing readers without hardware encryption to the new ones. The new security measure will encrypt credit card numbers as they are sent from the reader to the app on the mobile device, keeping it secure even before […]
Isis, which is due to kick off this summer, has now secured cash register and payment hardware makers VeriFone, Ingenico, ViVOtech, and Equinox Payments as partners. They have vowed to integrate the Isis Mobile Commerce Application wireless payments technology into their future products. Isis will use NFC technology for payments, digital couponing, location-based social media […]
VeriFone on Wednesday launched PayWare Mobile Enterprise for Tablets. The option will give iPads, as well as Android 3 tablets, a hardware card reader and app combination that can serve as a store checkout much like Square’s eponymous readers. The VeriFone option claims an edge with PIN-based debit cards and support for NFC devices that […]
Google announced today that it will introduce Google Wallet, a way to pay for goods using just your mobile phone. Google Wallet will launch this summer, in partnership with VeriFone, Citibank, Mastercard, Sprint, First Data and a slew of stores. The Wallet, an app for smartphones, will use Near Field Communication (NFC) technology so that […]
VeriFone announced today it is partnering with Google and top retailers to deploy Google Wallet, an Android app that allows consumers to use virtual versions of their existing plastic cards stored on their phones. Consumers will simply tap their phones to VeriFone’s NFC-enabled payment systems at the point of sale (POS) to pay, take advantage […]
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