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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.
WSJ: Target, Walmart, other retailers teaming up to take on Google Wallet
Google's certainly not alone in its vision of a future in which the smartphone makes credit cards go the way of the Palm Pilot. The software giant may have gotten a bit of a head start on some of the others, but it's already got some stiff competition in the form of the carrier-led Isis and a slew of new initiatives unveiled at MWC. According The Wall Street Journal, the field may soon be getting even more stiff competition. Walmart and Target have reportedly joined two dozen or so fellow retailers to develop a mobile payment system to call their own. While most of the participants have yet to be named, the list includes a pretty broad spectrum of companies, including fast food joints, big box retailers and drug stores. Google, for one, welcomes such competition, telling the paper, "We think it's great that there are other companies innovating in the payments space. This will create more choice for consumers, and in the end we believe choice is a good thing." No word on when exactly the initiative is set to launch.
FCC thinks ISPs should do a better job preventing fraud, theft
Internet fraud and theft are major problems, there seems to be little doubt about that -- according to FCC chairman Julius Genachowski, some 8.4 million credit card numbers are stolen every year. The question, then, is who should be addressing the issue. Genachowski this week called for "smart, practical, voluntary solutions," asking internet service providers to put more effort into helping prevent data theft, hacks and other issues, or risk having "consumers lose trust in the internet," thereby "suppress[ing] broadband adoption and online commerce and communication." The chairman asked ISPs to help avoid hijacking through more efficient traffic routes and to instate DNSSEC to help weed out fraudulent sites.
MasterCard reveals roadmap for our electronic payment future: EMV in, magnetic strips out
It's been over fifteen years since MasterCard, Visa and Europay developed EMV technology to make your credit cards more secure, but it has yet to really catch on here in the US. However, MasterCard has created a master plan to help usher in the EMV era and sound the death knell for the magnetic strip. Why? The EMV infrastructure is far more fraud-resistant because each transaction is authenticated dynamically using cryptographic algorithms and a user-specific PIN. That's why MasterCard plans to help build out the EMV POS infrastructure by April of next year and have its secure e-payment system functioning at ATMs, online and with its myriad mobile payment options as well. For now, the nuts and bolts of how the credit card firm plans to bring its plan to fruition are few, but more details will be forthcoming, and there's a bit more info at the source and PR below.
Card.io reaches out to devs, offers up credit card payment accounts to Joe normal
Who needs extra hardware to add mobile payments to iOS and Android? Not Card.io, who's unveiled a new SDK for it's visual card processing system alongside a payment app allowing anyone to accept payments from other users. Having already launched its scanner software development kit last year, the new SDK will open up the company's payment process to third-party developers. The new payment app works across Android and iPhone platforms, with no need to register as a merchant to access the feature. Although there are no registration charges, payments made through either PayPal or your bank account will have an additional 3.5 percent plus 30 cents nudged on top of each transaction. Going dutch has never been more (begrudgingly) easy.
Square snags one million merchants, liberates the cashless
For those of us addicted to plastic, "I love you" hardly holds the same clout as those three magical words: "we accept credit." Taking the dream one step closer to plastic payment monogamy is the mobile checkout service, Square. According to founder Jack Dorsey, the company has hit a milestone today, signing up over one million small business owners ready to swipe. For merchants, all it takes is a Square reader and an iPhone, iPad or Android to start processing the plastic of the cash-o-phobic -- practically rendering those ATM pit stops pre-taco run or flea market excursion useless.
Square ditches $1,000 per week limits, has 800,000 merchants processing $2 billion per year
Until now, when a merchant using Square racked up over $1,000 in payments in the course of a week, everything above that limit was held for a period of time, ranging from just a few hours up to a whole month. As of today, roughly a year and a half after the company's founding, that restriction has been lifted. Now all payments will be processed immediately and merchants will have access to the funds the next day. Square also announced that, in the year or so since it started offering its wares to the public, it has signed up 800,000 merchants who have processed over $2 billion in transactions. After ditching the $0.15 per-transaction charge and with the $1,000 per-week restriction limit lifted, we're sure those numbers will only increase in the year ahead.
Developers get Google Wallet on original Nexus S, squares wiping your phone with $10
Previously the exclusive phone-swiping domain of Sprint's Nexus S 4G, it now seems possible to get the wonders of Google wallet on its decidedly 3G predecessor. However, it's not an operation for the faint-hearted. If the words Cyanogen, full wipe, flash and kernel resemble white noise, it's probably worth waiting for an official release. See how the forum members at XDA Developers got their NFC wallet fix at the link below. [Thanks, John]
Massachusetts Attorney General investigating iTunes scams
We get several emails every week from readers claiming to have been hit with fraudulent charges on their iTunes accounts. It seems as though scammers have found a neatly exploitable hole in iTunes accounts, but they may have bitten off more than they can chew with their latest victim. Massachusetts Attorney General Martha Coakley said her stolen credit card info was recently used to make fraudulent purchases on iTunes, and she wants answers from Cupertino. According to Threat Post, after having her credit card info stolen during a New Hampshire skiing trip, the thieves tried to purchase a laptop from Dell, who noted the transaction was fraudulent and contacted Coakley about it. Apple was not so diligent; thieves quickly emptied Coakley's account via iTunes transactions. While Coakley's response (seeking answers from Apple) may seem a bit reactionary at first, the slow trickle of reports we've received over the months concerning fraudulent iTunes purchases signifies that this problem is far greater in scope than one person's stolen credit card. We keep hearing the same stories again and again: "Purchases showed up on my account that I had nothing to do with. Apple hasn't gotten back to me. What do I do?" It's been happening often enough that there's clearly a real issue, and it's something that Apple, as operator of one of the world's largest repositories of credit card info, has a responsibility to address.
Engadget giveaway: win one of five Nexus S 4G phones with $1,000 Google Wallet credit!
We're pretty excited about Google Wallet, but the service is currently only available for Nexus S 4G phone owners, leaving most of you waiting for broader implementation. Well, how would you like to skip the line, getting to test it out on a Nexus S 4G of your very own? Google has supplied us with five phones to give away -- the company is even throwing in $1,000 (yes, one THOUSAND dollars) of prepaid credit to help fund those first few dozen taps. There's one catch: you'll need to use your Nexus S 4G with a Sprint plan, though the carrier is throwing in one month of demo service to get you started. Check out our in-depth preview for a detailed look at the service, and simply leave a comment after the break to be entered to win -- after checking that you meet the entry requirements, of course.
Polyamorous Google Wallet adds Visa to its arsenal
To the delight of shopaholics everywhere, Visa has announced that it's jumped on the Google Wallet bandwagon -- giving card users access to the snazzy, new NFC payment system. Much like MasterCard's announcement last week, the licensing agreement will allow Visa users to link their credit, debit and prepaid cards to Google's offering for fast mobile payments in places that accept the service. The credit card company has dabbled in mobile payments before through payWave, but with plans to integrate into GW, we'll surely be seeing more of it in the near future. As momentum over the NFC-powered mobile phones grows, it will be interesting to see if the Real Housewives can part with their phones long enough for their assistants to pay for those Manolos. Check out the full PR after the break.
Square Card Case now available
Square has released their Square Card Case app today, which allows anyone to open up a tab at a local merchant and pay without having to swipe their credit card. The Square Card Case works by allowing users to enter their credit card details into their Square account. Once at a local merchant who uses the Square Register app, users can start a tab. When the tab is created, the user's name will appear on the merchant's Square device. When the user is ready to check out, the merchant simply touches the user's name on the Square Register app where the transactions are tallied and paid for using the Card Case user's credit card on file. Upon completion of a transaction, a digital receipt is sent to the email address on file. A big plus of using Square Card Case is the ability to pay at local merchants right from your iPhone. However, right now, the Card Case app is only useful if you live in New York City, San Francisco, Washington D.C., Los Angeles or St. Louis. But as more merchants start using Square, the Card Case app is sure to catch on. Square Credit Card users don't have to worry about any extra fees on their end either. Like using a regular credit card, Square charges the merchant per transaction. Square today also updated their Square credit card reader app. The update offers improved transaction speeds, no signature required for transactions $25 or less and the ability to enter $0.00 transactions (useful for when the merchant wants to keep track of items, but doesn't charge for them -- like a free bottled water when you buy a hotdog). The Square Card Case app and the Square credit card reader app are free downloads in the App Store.
iZettle credit card reader for iPhone now available in Sweden in limited numbers
Back in April, I told you about the upcoming iZettle. The iZettle is made by a Swedish company and allows European merchants to accept credit card payments on an iPhone just like Square does in the US. However, the iZettle accepts the chip-and-pin credit cards that are standard in Europe and other parts of the world. It also plugs into the iPhone's dock connector instead of the iPhone's headphone jack like the Square reader does. I'm happy to announce that iZettle is now shipping the device in Sweden in very limited numbers. As a matter of fact there's only 2,000 of the devices to go around right now. If you want one, hurry up and download the free iZettle app (Swedish iTunes Store only) and register for an iZettle account through the app. The first 2,000 people to register will be sent a free iZettle credit card reader. If you don't get on in the first batch, you can still use the iZettle software to accept credit card payments, you'll just have to wait for the chip-and-pin reader as production ramps up. As for other countries in Europe, iZettle says that for now, it's Sweden only, but they expect to expand to more of the EU "soon."
NetSecure Kudos Payments announced for Canada, is the half-circle to Square
Canada may be moving to polymer-based currency, but mobile payment services like Square -- which cater to classic plastic -- haven't yet taken time to trek to the Great White North. NetSecure is looking to offer similar convenience to the region with its new Kudos Payments service, which just so happens to ship with a shockingly curvy swiping dongle. Similar to Square, it creates a secure 'point of sale' without a hard-wired transaction terminal, and charges a slightly higher 2.9-percent fee to users' accounts for each exchange. Kudos has iOS, Android, and Blackberry apps to tap into the functionality and, even a version for Mac and PC -- in other words, you and yours should be suitably covered. Any roving entrepreneurs who are interested in the service will be able to snag the $49.99 kit free of charge from the company's website for a "limited time," which may or may not expire before Google decides to open its own Wallet a few miles kilometers north.
Square encryption hinders Visa deal
Square is running into some problems with its new investment partner Visa. An executive at the mobile payments company confirmed it is re-working its system to encrypt credit card data on the fly. Square now uses a dongle that plugs into a headphone jack and an iOS application to process credit card transactions. While this system complies with industry regulations, it does not take the extra step to encrypt the credit card data. Now that Visa has joined Square as a strategic investor, the mobile payments company will be redesigning all its dongle to include this built-in encryption. Square did not comment on the financial impact of this change, but it could be costly. Square gives away the dongles for free and makes its money off a 2.75% per transaction fee. It is not clear how Square intends to absorb this extra cost. In light of the recent high-profile security breach of the Sony PlayStation network, Square is wise to add this layer of encryption and ease customers fear of having their transaction data inadvertently compromised.
Square gets the backing of credit card giant Visa
Mobile payment startup Square confirmed it received a strategic investment from Visa. Square produces a credit card reader that connects to the headphone jack of an iPhone, iPad or other mobile platform. The Square application on the device accepts the credit card information from the reader and processes the payment on the fly. It's an easy way for small businesses to accept credit card payments with minimal hardware requirements and a small 2.75 percent per transaction fee. [Past TUAW coverage of Square is here. –Ed.] The company is growing -- in the first quarter of 2011 alone, Square processed US$66 million in payments and predicts it will triple that figure to an astounding $198 million in Q2. Square also expanded its retail footprint and is now available online from Apple and in Apple retail stores in the US. This endorsement by a major credit card company boosts the startup's reputation and could help the company exceed its lofty goals. The amount of money invested by Visa was not disclosed, but Square confirmed Visa will become an advisor to the company. Visa and Square are excellent partners, as over two-thirds of Square's payments are made using Visa-backed credit cards. Though it enjoys a cozy relationship with Visa, the mobile payment service will still accept payments from MasterCard, American Express and Discover.
Apple Stores stocking Square credit card readers
Jack Dorsey's über-popular credit card readers got a big thumbs-up from Cupertino this week. Square's devices are hitting Apple's 235 US retail locations and Apple.com for $9.95 a pop -- plus the 2.75 percent that the startup takes off the backend each time you use the reader -- or you can always just sign up for a free one over on Square's site. The iPhone / iPad / iPod touch plug-in accepts Visa, MasterCard, Discover, and yes, even American Express. The CEO of VeriFone will no doubt have plenty to say about the matter. Update: It turns out you get a $10 redemption code in the box when you buy a Square reader at an Apple store, so it is still technically free (just not, you know, when you buy it). [Thanks, Michael]
Square's mobile payment card reader now available on Apple's online store, retail stores this week
Square is one of the coolest accessories made for the iPhone. It's a hardware/app combination that, when the hardware bit is plugged into the headphone jack on the iPhone, lets the user accept credit card payments. Simply swipe the card through the Square device while running the Square iOS app, and your customer's credit card is charged in moments. Beginning yesterday, the Square Credit Card Reader became available on Apple's online store, and according to TechCrunch, it will be appearing in Apple retail stores this week; although TechCrunch says it will be the "only payments solution featured in the store," VeriFone's PAYware Mobile is already on sale there. (Interestingly, Apple uses a different mobile payments solution with the iPod touch in its retail stores.) The Square Credit Card Reader comes in black or white and can be used with any fourth generation iPod touch, iPhone 4 or iPad. The device itself is US$9.95, but you get a $10 Square credit when you activate your free Square account. There is no monthly fee for users as Square takes 2.75 percent of every sale and deposits the rest to your checking account on a daily basis. The device will accept any US-issued Visa, MasterCard, American Express or Discover card. After a transaction is processed, you can simply email the receipt to your customer from the Square app. I think Square is an awesome example of how devices like the iPhone are empowering people and enabling them to do what would once have been impossible (or at least a lot more cumbersome). Now any individual, not just businesses, can accept credit card payments. This is a boon to people who do things like private consulting on the side for extra cash, as they now have an easy way to accept credit card payments. This even makes selling expensive items on Craigslist a lot easier. Now you don't have to rely on cash or being near a computer to complete a PayPal transaction when you sell off your old junk. And who knows, maybe the next time you buy a drink from your neighborhood lemonade stand, the 9-year-old behind the cardboard box will ask you "cash or credit?"
Discover cardholders can send money to anyone with a cell phone, email address
With NFC payment systems just starting to roll out in the US, it'll be awhile yet before you can cut up those credit cards for good. But in the present, at least, you can use your handset to make sure you don't get stuck with a $100 bar tab... again. Discover just announced that it will let its cardholders send money to people in 60 countries -- so long as they have either a cell phone number or email address. As AllThingsD notes, Visa and American Express have hatched similar plans, though Discover is the first of the bunch to partner with PayPal. While people sending money don't need PayPal accounts, people receiving moola do -- or, at least, they must be willing to create one. For senders the service is free and, in fact, they get 0.25 percent cash back for the first $3,000 exchanged. As for Discover, a smaller player than Visa and MasterCard, it hopes some of PayPal's 230 million customers will sign up for a shiny new credit card while they're at it.
Ohio Girl Scouts accepting mobile payments for cookies, your thin mint craving starts now
Short on cash but wishing you could stock up on Girl Scout cookies? Then you no longer have an excuse -- at least if you're in Northeast Ohio -- as the local Girl Scout group there has teamed up with Intuit to accept credit cards using the company's GoPayment app (and accompanying card reader) for iOS and Android. What's more, while the Ohio group is the first to sign up, Intuit is now also extending the same offer (which includes reduced transaction fees) to Girl Scout organizations across the US -- something tells us it won't have much trouble getting attracting interest.