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

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

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.
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News Byte

Vend Rings Up $2 Million for Point-of-Sale Technology

Vend, a start-up with offices in San Francisco and New Zealand, has raised $2 million to develop point-of-sale software that runs on any device, including iPads and legacy hardware found at the register. The round was led by Point Nine Capital in Europe. Vend, which has raised $3 million to date, says it has signed up 11,000 users in 80 countries and is processing one million transactions a month.

PayPal’s New Leader to Bring Entrepreneurial Vibe to Payments

In an interview, eBay CEO John Donohoe says that what PayPal needs is an entrepreneur at the helm who can take advantage of all the opportunities that lie ahead.
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News Byte

Mobeam Banks Another $1.5 Million for Mobile Bar Code Technology

Mobeam has raised another $1.5 million in capital to work on a solution for point-of-sale systems at retail not being able to read bar codes from coupons on cellphone screens. In October, the company raised $5 million; in December, it inked a high-profile partnership with Procter & Gamble, and now adds new investor DFJ Athena, a Korea-focused venture fund affiliated with Draper Fisher Jurvetson, to the list. Previous investors include Yet2Ventures, Samsung Ventures and Mitsui.

PayPal’s First Mobile Payments Pilot Is With Big-Box Retailer Home Depot

Some good news for eBay, following the surprising announcement this week that PayPal was losing its top executive to Yahoo.
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News Byte

Tabbedout Picks Up First Round Totaling $5.75 Million

Tabbedout, which aims to create a way to pay your restaurant bill on a smartphone rather than hand over your credit card, has raised $3.7 million in additional funding from New Enterprise Associates. The company’s first round now totals $5.75 million. Its payment platform is now being used in bars and restaurants in 20 states. The Austin, Texas-based company also announced MICROS, a point of sale vendor, will embed the software in its equipment.

Report Finds That Mobile Payments Are Coming This Year, but It Will Be Messy

This year will finally be the year when mobile payments make it into the hands of millions of consumers, according to a new report by Forrester. And mass-market adoption? Still a long way off.

Voices

Google, VeriFone in Talks on Mobile-Payment Partnership

Google Inc., as part of its goal to allow shoppers to use their mobile devices–rather than physical credit cards–to pay for goods in retail stores, is working on a potential partnership with electronic-payments company VeriFone Systems Inc., according to a person familiar with the matter.

Apple Grabs iPad Trademark From Fujitsu

Well, this is cutting it close. With the iPad just a week from market, Apple has finally taken ownership of the iPad trademark, which was previously assigned to Fujitsu.