News Byte

Jumio Receives Undisclosed Investment From Citi Ventures

Jumio, which uses a Webcam to verify identity or scan credit cards, raised $25.5 million in March. The second round was led by Andreessen Horowitz. Today, Jumio announced that it topped off that round with an undisclosed sum from Citi Ventures. To date, the company has raised $35.4 million.

Mobile Payments Won’t Replace Cash or Credit for Another Decade

It will take another eight years for cash and credit cards to be replaced almost completely by smartphones, according to those interviewed by Pew Research.
a-big-fat-wad-of-money

Voices

Card Processor: Hackers Stole Account Numbers

Global Payments Inc., the credit-card processor that reported a significant security breach Friday, said that hackers stole account numbers and other key information from up to 1.5 million accounts in North America.

Voices

Breach Hits Card Processor Global Payments

Global Payments Inc., which processes credit cards and debit cards for banks and merchants, has been hit by a security breach that has put some 50,000 cardholders at risk, according to people with knowledge of the situation.

Exclusive: Square Snags PayPal VP Alyssa Cutright for International Expansion

A Square spokesperson has confirmed to AllThingsD that the payments company has hired Alyssa Cutright, a 12-year veteran of PayPal.
squ380

Mobile Payments Price War Heats Up as Pay Anywhere Slashes Merchant Fees

Bring on the price wars: As of today, Pay Anywhere is now charging less than Square, PayPal and Intuit for its smartphone credit card processing service.
payanywhere_cardreader

Voices

PayPal to Launch Credit-Card Reader for Smartphones

EBay Inc.’s PayPal electronic-payments service is further tapping into the bricks-and-mortar retail industry by releasing a credit-card reader that small merchants can use on smartphones.

Voices

Retailers Join Payment Chase

Wal-Mart Stores Inc. and Target Corp. are among roughly two dozen retailers working together to develop a mobile-payments system to compete with similar products from Google Inc. and big cellphone companies, according to people with direct knowledge of the project.

PayPal Says It’s Full Speed Ahead on Mobile Payments After President Resigns

PayPal’s VP of Mobile David Marcus makes the case for why its mobile payments strategy will prevail in a market surrounded by incumbents.
PayPal asks you to enter your phone number and pin.

Here’s How PayPal Is Pitching Mobile Payments to Major Retailers (Slideshow)

Check out the photos from a recent visit to PayPal’s San Jose headquarters, where AllThingsD got an exclusive peek at the company’s brand-new “Shopping Showcase.”
The push notification talk you into stopping at nearby coffee bar.

What’s in Their Wallets?