PaymentProcessing
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PayPal may go after Square's mobile payments
PayPal is planning to take on Square with a new payment processing dongle, says a report from GigaOM. The dongle will supposedly tie into PayPal's already robust payment processing system and will be targeted towards small businesses. Smaller companies would be able to use this system to process credit card transaction at the office or in the field. PayPal says its technology will become "the future of commerce for small businesses." The eBay subsidiary is expected to unveil its new mobile payment system on Thursday.
Visa gets Bank of America on board for mobile payments trial, starting in New York next month
It didn't take long for Visa to react to the three-headed beast of AT&T, T-Mobile and Verizon entering the mobile payments arena. The world's foremost payment processing company has just announced that it's about to start a trial of its contactless payment system in partnership with Bank of America. Kicking off in the New York area this September and lasting through the end of the year, the scheme will most likely involve the MicroSD NFC communicator and In2Pay iPhone case that DeviceFidelity has been developing for Visa. No disclosures are being made on the size of this pilot scheme, though we're told that only a "select" group of employees and customers will be getting the mobile payment chips. Don't worry if you miss out on this one, though, as a similar trial is scheduled to begin in October with US Bancorp. That should give you enough time to turn yourself into a high-rolling select customer, right?
Boxee for iPhone, iPad and Android all but confirmed in Vindicia payment processing deal
Oh sure, having Boxee nailed down to the desktop of your PC is fine and dandy, and that Boxee Box will ensure that the same experience is enjoyed by all who plant their fundament in front of your HDTV. But we all know what you're after -- lemon drops. And a mobile version of Boxee. In a post today by the company, it expressed outright joy in inking a deal with Vindicia in order to bring a payment processing solution to the platform; slated for implementation "by the end of the summer," this CashBox add-in would enable users to purchase "premium content" from Boxee's programming partners via credit card, gift card or PayPal. It's a vital step in Boxee finally finding a revenue stream (something it confessed to needing on a previous episode of The Engadget Show), and better still, "Vindicia's flexibility makes it possible for [Boxee] to enable payments on its website and across mobile platforms like the iPhone, Android and iPad." Yeah, those are the company's own words right there, and in case you still aren't believing your eyes, chew on one final quote: "Boxee's eventual expansion to these platforms will pave the way for universally accessible content no matter where a user is (we love this idea!)." Huzzah!
