Payment Methods

News
Solving The Prepaid Revenue Problem
August 13, 2014

Prepaid programs have long been criticized for its hidden and excessive fees, the “cost of doing business” with a customer base that is subject to lots of churn and requires a lot of customer service. Patricia McPeak, i2c’s VP of Products, acknowledges that the industry...

Loyalty & Rewards
Amazon Rolls Out mPOS, Undercuts Fees From Square, PayPal
August 13, 2014

Amazon on Wednesday (Aug. 13) introduced its own mPOS package—to be called Amazon Local Register—and focused on the tune it knows that SMB retailers want to hear: lower merchant fees than Square and PayPal Here. Amazon is in an awkward position, in that it is seen as...

Taxis Just The Beginning? Uber Preparing Public API
August 13, 2014

Preparing to leverage its success in the taxicab arena, Uber is preparing a public API that would allow developers to throw a similar “request button” on an unlimited number of apps, TechCrunch reported Tuesday (Aug. 12). The story points out that this isn’t Uber’s first...

Merchant Innovation
Will EMV Tempt iZettle To Enter The US Market?
August 12, 2014

One might think that iZettle gets tired of being called the “European version of Square.”  Sure—they are both leading mobile point of sale systems that bring the wonders of credit card acceptance to small businesses, but the comparisons are seemingly unending. Running a Google News...

Blurred Lines: Promotion and Payments
August 12, 2014

Suppose there was a way for a retailer to insert themselves into the consumer’s transaction stream, real time, and without disrupting the checkout process? Jingit CEO Joe Rogness recently sat down with PYMNTS to explain how they do this not only without “being creepy” but...

News
The $14.5 Billion Question: Do Visa And MasterCard Control The U.S. Smart Card Business?
August 11, 2014

Do Visa and MasterCard have enough control over the U.S. payment card market that they can violate a smart card patent. A federal appeals court last week began hearing arguments in a case in which card vendor SmartMetric Inc. contends they do, and have. In...

Karen Webster
Is “The Uber Experience” Really The Future of Payments?
August 11, 2014

One of my colleagues recently shared an anecdote about something she observed while in a hotel lobby in San Francisco. A group of young people had gathered, ready to head out for the evening. They were debating how to get to their destination. After a...

News
Apple Changes How Families Pay In The App Store
August 11, 2014

It seems Apple is getting ready to make a shift in the way that families can share content purchased in its app store by making it easier to distinguish sharable from not sharable material. A new tag was discovered by iFun  that will apparently work...

Loyalty & Rewards
Simon Will Make Its Malls Smart The iBeacon Way
August 11, 2014

Retail real estate developer Simon is moving to make mall-based shopping a little more technologically advanced with beacons. Simon has expanded its partnership with Mobiquity Technologies, Inc. to create “smart malls” in 200+ Simon retail locations using Bluetooth-enabled iBeacon technology. “The relevant and personalized mobile...