PayTech


Equity Firm Shells out EUR600 million for Majority Stake in Skrill (Aug. 19, 2013)

Aug. 19, 2013 One of Europe’s largest private equity firms has acquired a controlling stake in U.K.-based online payment system Skrill. Funds advised by CVC Capital Partners doled out EUR 600 million (US$801 million) to nab a 75 percent stake in Skrill from Bahrain-based Investcorp. Founded in 2001 as Moneybookers, Skrill is among the world’s […]

Enacomm: Predicting Customer Behavior Is Key to Cutting Churn, Costs (Aug. 19, 2013)

Aug. 19, 2013 Customer relationship management (CRM) tools, which previously came with multimillion-dollar implementation costs, are becoming more affordable for companies of all sizes because of software-as-a-service (SAAS) models, according to Enacomm Inc., which last week unveiled 4Cast. The CRM application, which is now available as an SAAS release, analyzes past and current user data […]

VeriFone Launches Mobile Payment App with 7,000 NYC Taxis (Aug. 19, 2013)

Aug. 19, 2013 The taxicab industry is serving as a laboratory for  new mobile payment technologies, with VeriFone Systems Inc.’s new cloud-based Way2ride app the latest example. VeriFone this month in New York City is launching a mobile app in 7,000 cabs enabling riders to tap to pay using any iOS or Android smartphone. Users […]

Online Payment Provider Stripe Enters U.K. (Aug. 19, 2013)

Aug. 19, 2013 San Francisco-based online payment startup Stripe has expanded its services to the U.K. The company’s platform enables merchants to accept network branded payment cards online by integrating a few lines of code on their Websites. Already active in the U.S. and Canada, Stripe’s client list includes Foursquare and Redditt. The company has […]

Facebook to Make its First M-Commerce Move (Aug. 15, 2013)

Aug. 15, 2013 Is Facebook ready to take another stab at payments—this time using mobile apps? The social media giant reportedly is about to test a new mobile payments feature that would enable users who have stored credit card information with Facebook to make purchases directly from e-commerce mobile apps using only Facebook login credentials. The […]

Blackhawk Brings Insurance Card to Canadian Safeway Locations (Aug. 15, 2013)

Aug. 15, 2013 Blackhawk Network has released a new line of travel insurance cards that will enable customers to purchase coverage with cash at Canadian Safeway grocery locations. Known as SmartAssure, the cards are being launched in partnership with issuer Jones Deslauriers Blevins Insurance Group, one of Canada’s largest insurance brokerages. Available in multiple denominations […]

EC Gives OK to Spanish Mobile Commerce Venture (Aug. 15, 2013)

Aug. 15, 2013 A mobile commerce partnership between Spanish telecom provider Telefónica and two Spanish banks has been given the green light by the European Commission (EC), paving the way forward for what the companies are calling Europe’s first full joint venture between financial institutions and telecom operators. In its ruling, the EC said there […]

Heartland Launches Mobile App for School Tuition, Fees (Aug. 15, 2013)

Aug. 15, 2013 A new mobile app from Heartland School Solutions, a division of Princeton, N.J.-based merchant processor Heartland Payment Systems, aims to make it easier for parents to manage their children’s school related expenses, such as meals, tuition, lab fees and sporting events. The app, launched this week for Apple iOS and Android smartphones […]

Blog: For Mainstream Adoption, Mobile Payments Require Consumer Trust—and a Compelling Experience (August 2013)

By Ginger Schmeltzer, Fiserv In July, The Clearing House announced that it would pilot an “industry-wide dynamic credentialing solution” to improve the safety and soundness of digital payments. According to the announcement, The Clearing House is partnering with its member institutions to create a “secure cloud” that protects mobile payments at the point of sale […]

Blog: How to Think Like a Startup (Part 1) (August 2013)

By Joe DeSetto, Emerging Payments Blogger The payments startup culture, as it currently exists, is now mature enough that established firms in even highly regulated, slower moving industries can learn a thing or two from how these smaller, faster, younger tech companies think. While size, scope, market, finances and level of success varies widely upon […]