As the hoopla over Apple Pay wanes, skepticism is beginning to set in — even among executives at big retail chains that will be rolling out Apple’s new payment system later this month. On Tuesday (Oct. 7), Target director of finance Bill Ramsey told a...
Square is merging the two things every payments geek needs: geolocation and making sure that your coffee is served hot and fresh. (For many payments firms, “fresh” is measured in months, but let’s not go there.) The grounds of the concept are easy to pour:...
Shifting technology, new alliances and skepticism among young consumers are creating risks — as well as opportunities — for PayPal, according to Bloomberg. That’s one reason PayPal is being spun off from eBay, which will give the payments business more flexibility to innovate and find...
Pizza Hut, who was the first retailer to truly push the capabilities of the iPhone app and has been a longtime massive support of Apple efforts, said some decidedly non-cheerleaderish comments on Monday (Oct. 6) during a tradeshow panel. “I am more pessimistic about Apple...
One of the most oft-cited criticisms of startups—especially mobile firms—is that they sell a solution in search of a problem. Airbnb is making a powerful case that such comments do not apply to them, as they are seeing soaring growth among business travelers specifically because the...
The Web-fueled florist company BloomNation confirmed Tuesday (Oct. 7) that it has raised an additional $5.5 million (a total of $7.2 million) from Andreessen Horowitz and Ronny Conway (son of angel Ron Conway), according to a report in the Los Angeles Times. The Times spoke...
Square is now singing the Bluetooth Blues, having rolled out on Tuesday (Oct. 7) an iOS 8 BLE-empowered way to send cash to nearby people, called Nearby Payments. “Cash users can configure their nearby visibility in the updated app so that they’re visible only to...
Venture Capitalist—and graphical Web browser creator—Marc Andreessen is looking at the payments space as an area that needs to—and can—be fully recrafted. “We have a chance to rebuild the system. Financial transactions are just numbers, it’s just information. You shouldn’t need 100,000 people and prime...
More than one out of every three (35 percent) shoppers today use mobile devices as part of their purchasing process, a 10 percent hike from 2012, according to new results from a shopper behavior study. Much of the change comes from sharp increases from three...
