mobile payments

PayPal’s Plans for Taking on Visa and MasterCard at the Cash Register

Liz Gannes in Commerce on May 24 at 10:16 am PT

PayPal is hosting an event at its San Jose headquarters this morning to announce the next batch of retailers that are adopting the company’s in-store payments solution.

Scoutmob Attracts Investors and Partners by Saying It’s Not a Daily Deals Company

Tricia Duryee in Commerce on May 24 at 5:30 am PT

Scoutmob was able to attract $3.25 million in new funding and a major new payments partner by pitching itself as a mobile company and not as a fledgling competitor in the daily deals space.

Ahead of Big Retail Push, PayPal Inks Deals With Top Hardware Vendors

Tricia Duryee in Commerce on May 24 at 5:00 am PT

Paypal is announcing that it has secured partnerships with three of the top point-of-sales providers, giving it access to nearly 40 million terminals worldwide.

PayPal to Unveil Newest Retail Partners for In-Store Payments Next Week

Tricia Duryee in Commerce on May 15 at 2:56 pm PT

PayPal is hosting a media event next week where it will unveil the next batch of mega-retailers that are adopting the company’s online payment network at the register.

News Byte

Flint Mobile Raises $3 Million in Capital for Mobile Payments App

Tricia Duryee in Mobile on May 9 at 4:30 am PT

Flint Mobile said it has raised $3 million in a first round of capital, and that it is launching its new mobile payments app, which enables merchants to process payments with a mobile phone. But rather than requiring a merchant to buy a card reader, the app allows the merchant to snap a picture of a credit card. The round, which will be used on product development and hiring, was led by Storm Ventures and True Ventures.

PayPal Partners With Japan’s SoftBank to Form Digital Payments Joint Venture

Tricia Duryee in Commerce on May 8 at 9:04 pm PT

Late this evening, PayPal unveiled a multimillion-dollar joint venture with SoftBank, an Internet and telecommunications provider in Japan, to work together on the future of digital payments there.

Another Day, Another PayPal-esque Digital Wallet: Here’s MasterCard’s High-Tech Billfold

Tricia Duryee in Commerce on May 7 at 3:30 pm PT

No surprise here: MasterCard also has a digital wallet strategy. Details are being spilled tonight at a special event at the wireless industry’s CTIA event.

Boku Signs Up Final U.S. Wireless Operator for Carrier Billing

Tricia Duryee in Commerce on May 3 at 8:00 am PT

Boku says it has signed a partnership with Sprint, the final major U.S. carrier to adopt its mobile payments service.

News Byte

American Express Hires Mobile Payments Exec David Yoo of Boku

Tricia Duryee in Commerce on May 2 at 11:30 am PT

American Express said today that David Yoo, formerly of mobile payments company Boku, will join the company as SVP of its Commerce Innovation team. At Boku, Yoo was SVP of Strategy, Product and Marketing. American Express also hired Katrina Lane, who will be EVP in charge of the company’s Consumer Cards and Experiences team. Most recently, Lane served as CTO of Caesars Entertainment.