PaymentSystem
Latest
Venmo invites users to try physical debit cards
Venmo is inviting select users to try out new debit cards that deducts right from their account, TechCrunch reported. This is four months after rival payment service Square started trying out its own card (and two months after its public launch), so Venmo is a little late to the game, but apparently users are already getting their new payment plastic.
Square is speeding up EMV chip card transactions
Anyone who has encountered a "NO CHIP, PLEASE SWIPE" sign while trying to pay via credit or debit card has probably noticed the switch from magnetic stripes to EMV chips hasn't been the smoothest. According to one study cited by the New York Times, it takes an average of eight to 12 seconds just to complete a transaction. While folks outside the country might scoff at American impatience, Square went ahead and did something about it: driving down checkout times with its latest update to the Square contactless and chip reader.
Isis mobile payment system primed for September launch, supported devices revealed
You've known it was coming, but Isis has been so quiet on the mobile payments front in the past few months that you might've forgotten the score. Now, the joint venture backed by AT&T, T-Mobile and Verizon has announced that it'll debut its system in Austin and Salt Lake City next month. At least part of the delay is attributed to its shift in strategy, when Isis shelved its plans to process payments through the carriers themselves and instead work with MasterCard and Visa. Isis representatives have declined to elaborate on future expansion plans. Coinciding with the recent update that enabled Isis support for T-Mobile's Galaxy S II, MasterCard has come clean with a list of devices that'll receive similar treatment. Specifically, those in the US can expect the Droid Incredible 4G LTE, One X, Amaze 4G, Galaxy S III to gain Isis support. Naturally, the possibility remains open for other devices as well, and if you'd like to see the complete list of candidates, make sure to check out the PDF below.
Square intros flat-rate payment option at $275 per month, hits small business sweet spot
Square is most often pitched as heaven for small businesses, but that 2.75 percent cut per transaction is sometimes a problem for stores that are too successful. Enter a new flat rate option. Shops that don't take more than $250,000 a year in Square payments, or charge more than $400 in a given sale, can instead pay a flat $275 per month regardless of how many swipes they take. The deal makes the most sense for businesses handling more than $120,000 a year through the reader, establishing a definite limit to its usefulness; this isn't exactly for a budding jeweler (or Starbucks). Even so, the simplicity of the rate might be very alluring for companies that aren't keen on surprise costs or working out the math, and it's a contrast to the half-steps towards flat rates taken by VeriFone and other, more traditional outlets going mobile.
Square CEO hints at Windows Phone app, says Starbucks funding will go toward 'international efforts'
As you probably have heard -- it's created quite some buzz, after all -- Starbucks just announced a partnership with Square to accept mobile payments via the Pay with the Square app. That's huge news for Square, which currently processes transactions for some 75,000 merchants, as the coffee retailer is one of the largest national chains to integrate with the payment service. At a breakfast in New York today, Square CEO and Twitter founder Jack Dorsey and Starbucks CEO Howard Schultz fielded questions about the partnership's importance. While most of the talk centered on the rollout that will bring Square payments to 7,000 Starbucks stores ahead of the holiday season, the discussion also touched upon other areas of expansion for the mobile payments company. Currently, the Pay with Square app is only available on iOS and Android. Asked whether a Windows Phone app is in the making, Dorsey said, "We will definitely build for where the users are, and we're excited about the Windows Phone interface." Take that as you will. Starbucks will start accepting Square payments ahead of the holiday season, and Dorsey said the coffee retailer's $25 million investment will be used for hiring and to expand "international efforts." Starbucks, which has 18,000 stores in 60 countries, would certainly be a natural partner in any overseas plans.
In Ticketing increases options for venues and promoters, as long as they're using iOS
Converting a cellphone into a credit card reader is nothing new, but transforming one into a box office for live events could shake things up a bit -- or, at least provide a bit of friendly competition for NFC-based alternatives. In Ticketing has just launched InHand Box Office software for use at live events. The company claims to be one of the greener ticketing outfits out there, and plans to turn your iPhone or iPod touch into a device capable of wirelessly processing payments (and printing out paper receipts, unlike Square or PayPal Here) at independently run concerts or festivals. Potentially reducing time spent in line and preventing congestion at the entrance translates into more people inside the venue, and using your phone instead of a difficult-to-establish credit card merchant account should reduce the friction in throwing such an event. As long as you tend to carry the appropriate iDevice with In Ticketing's new app installed, you can marry it to that iAPS Sled you see above to create your own personal CC processing machine. The only issues? Convincing Gotye to play your house party instead of Coachella next year, and that awkward lack of support for Android, BlackBerry and Windows Phone.
T-Mobile hails Direct Carrier Billing to fulfill your digital shopping desires
T-Mobile doesn't seem too wild about playing with Google Wallet, but for its part, the Bellevue-based carrier keeps dipping its toes into the mobile payment pond. As you're probably aware, its customers have been able to apply Android Market purchases to their wireless bills for a couple years, and later this month, they'll be able to do the same with digital content such as music, movies, and videos. Shopping online without needing a credit card is an obvious benefit, and the company is hoping its two-step authentication process will keep customers feeling secure. All Magenta subscribers will see the option at the time of checkout on T-Mobile's partner websites -- regardless of the device they connect with -- and they'll receive an itemized statement of purchases with their monthly bills. The feature can be disabled if you'd rather not participate, and if you're not sold yet, read the full story in the PR just past the break.
Isis mobile payments coming to Austin in 2012
Certain to "Keep Austin Weird," Isis has selected the home of SXSW as its second market for a mobile payment tryout. The joint-venture backed by AT&T, T-Mobile, and Verizon Wireless (with help from MasterCard and Visa), will work with local merchants and the Chamber of Commerce to deliver what it calls a "comprehensive mobile experience" by mid-2012. Isis' latest metropolitan recruit joins Salt Lake City in this experiment that will compete with Google Wallet (which is endorsed by Sprint). Quick advice to Austinites: when out-of-towners begin gawking at you for getting "free" lattes and concert tickets by waving your phone about, be sure to explain the wonders of NFC -- it'd be a shame for them to attempt the same -- only to be taken into custody by the Austin PD. Jump the break for the PR.
Zoosh does mobile payments using ultrasound, no NFC chip required
Zoosh. That may or may not be what an ultrasonic payment sounds like to a dolphin, but it is definitely the name of a new mobile wallet technology developed by Silicon Valley start-up, Naratte. While Google and other major players have focused on traditional radio-based NFC, Naratte has been quietly testing its ultrasound system instead, motivated by the fact that it can work on ordinary handsets without the need for specialized NFC circuitry. Two phones can "zoosh" each other using nothing but their built-in microphones and speakers, so long as they're both running the necessary app. Moreover, Naratte claims that cash tills can be upgraded to hear the sweet jangle of ultrasonic cash for just $30 -- around a third of the cost of installing radio-based NFC hardware. So who knows? The last time you came this close to ultrasound was probably just before you were born, but one day you might find yourself using it to buy diapers. Scary.
Isis NFC payment system gets its first market in Salt Lake City, Utah, launches in 2012
Like 3D on high-end HDTVs, NFC-based payment systems seem set to invade our mobile lives whether we like them or not. Isis, a collaborative venture between AT&T, T-Mobile, Verizon and a bunch of banking big timers, has today announced the first market for its rollout of a contactless payment scheme, and it's none other than Salt Lake City, Utah. That'll surely raise eyebrows in locales that may consider themselves more tech-savvy, but we reckon starting off with a city of a smaller scale might be good for getting this "mobile wallet" system off the ground. And then there's the added benefit of Isis snagging a deal to enable compatibility with the entire Utah Transit Authority footprint. If all plans are executed properly, that should mean that by summer 2012 the good people of SLC will be able to NFC their way around town with just their smartphone in hand, while also swiping it through checkouts like some form of highly advanced techno-humans.
RFID-enabled vending machine ditches coinage, gets Mario Bros. tone (video)
A Twitter-enabled kitty door it is not, but this RFID-equipped soda machine is by far one of the most practical DIY projects we've seen in sometime. A Canadian tinkerer picked up this pop pusher a few years back, and has been using it to sling drinks in his building ever since. Unfortunately, finding the right change to feed the machine proved an issue for his neighbors, so he did what any logical hacker would do, and built in a contactless payment system. Using an Arduino, an Ethernet shield, an LCD screen, and an RFID reader, he created a system that allows customers to swipe a card and easily add funds from an online account. Best of all, every time you press that little blue button you get a Mario Bros. sample. Big ups, PopCARD. Video after the break.
Google announces One Pass payment system for online content (video)
Thinking of wading into the fast paced world of publishing in the digital age, yet balking at the thirty percent cut Apple is taking for its in-app subscription model? Fret not, would-be Hearsts and Murdochs: Google One Pass is here. The PR-speak promises "an open and flexible platform" for "publishers, journalism and access to quality content." Sure, but what is it, exactly? A user authentication, payment processing, and administration system for folks who want to sell content on the web. Google only takes ten percent off the top, and you even get access to customer consumer data -- something Apple is unwilling to do. Intrigued? Check out the video after the break. Update: Also worth noting is that One Pass works across multiple sites, and it offers payments within mobile apps as well. [Thanks, John]
QuickPay announces ROAMpay credit card swiper for Android, BlackBerry, iOS
We've seen our fair share iPhone-based credit card payment systems, but we both know that those aren't the only handsets people do business with. ROAMpay from QuickPay Merchant Services is a device agnostic card swiper with apps available for iOS, Android, and BlackBerry. Actually, it seems to be a virtual cash register as well, letting you log cash transactions (and generate receipts for 'em) as well as offering real-time authorization for Visa, MasterCard, Discover, and American Express (as long as you have a QuickPay account, of course). Ready to get into business? Hit up the source link. Otherwise, we have a fantastic video (and some pretty swell PR) for you after the break.
Square mobile payment readers now shipping again to tiny transaction tycoons
The Square payment system hasn't exactly had a smooth road to availability, with deliveries put on hold back in June due to an ominous "credit processing and risk issue." If that didn't scare you away from accepting small payments from the company's tiny credit card swipers, rejoice, because they appear to be shipping again -- at least to some. Sally over at the Square support forums posted that she was sent the following message: We started rolling out Square card readers and one is now coming your way from our fulfillment center in Saint Louis. It will arrive on your doorstep in the next few days. A few others it seems have also received the same note. How about you? Is your little, different credit card reader on the way? [Thanks, Sam]
Square opens public trial for iPhone payment system
Eager to get in on the whole "using your iPhone to pay for stuff" revolution? Too bad your wallet is vehemently disagreeing right now. At any rate, the folks behind the Square iPhone payment system have finally seen fit to open up their solution to the public, but only in the form of a pilot. If you're interested to be one of the few scratching the impulse-buy-itch with a cellphone dongle, hit that source link to sign up. For the rest of ya, there's an explanatory video after the break.
Mophie iPhone credit card reader coming to a CES near you
iPhone accessory maker and recession antidote regular Mophie is about to make the most buzzworthy move of its short history by offering a credit card reader and accompanying transaction app for the Apple handset. Positioned as a direct competitor to Jack Dorsey's Square iPhone Payment System, Mophie's solution looks to be integrated into an iPhone case -- making it possible to keep the reader on permanently, albeit at a slight cost to your device's aesthetics. The decidedly cube-shaped Square system has a less ergonomic design, but we suspect that the winner (if either of these two succeeds) will be primarily determined by the usability of the app and affordability of the service. Look out for more info to emerge at some point during the maelstrom that will be CES 2010.
Square iPhone Payment System turns your phone into credit card reader
Everyone and their uncle Steve uses WinCE terminals to execute cashless transactions these days, and while you'd expect Apple to remedy that right quick, the Square credit card reader has beaten it to the punch. Plugging into the headphone jack of either an iPhone or iPod Touch, the dongle takes a swipe of your card, the seller enters the purchase data and you do your best penless John Hancock on the touchscreen. After that, a receipt is delivered by email and the app retains geotagging data for each transaction. Spiffy, right? Well, there is a surcharge to pay, and it's still in early alpha testing in New York, but should it prove popular, there's no reason not to see this appendage make an appearance on Android or WinMo phones as well. Rest easy, Gotham, we're sure nothing could possibly go wrong.[Thanks, Derek]
