PayPal is introduced PayPal Here enabling customers the convenience to pay using their mobile devices by checking-in through the PayPal app. The new PayPal Here app for Android tablets is available for download on the Google Play store in five markets – including the United States, United Kingdom, Australia, Japan and Hong Kong.
Boston-based Abine’s Mask Me service is garnering growing interest in the wake of major retail payment card data breaches. The firm is currently offering a promotional rate of $29.25 per year (normally $39.95) for its payment card masking service.
MasterCard and BANSEFI announced a partnership to foster financial inclusion in Mexico through the disbursement of social benefits using electronic payments. The BANSEFI MASMasterCard-branded card is part of the recently launched social support program developed by the Mexican Government.
UK-based Corethree is teaming with San Francsico-based Boku to enable consumers to charge their bus tickets to their mobile bill. Corethree is a m-ticketing technology specialist and Boku is focused on direct carrier billing-based mobile payments.
Visa is looking to unload its investment in Monitise a UK-based mobile payment developer and processor. Visa says it will be lessening its dependence on external mobile development resources. J.P. Morgan Securities is handling the process. The news sent Monitise stock price south by more than 30%.
CA-based Green Dot, a major prepaid card specialist, is acquiring Santa Barbara Tax Products (TPG), the nation’s largest consumer tax refund transaction processor. The move will greatly expand Green Dot’s financial services for low and moderate income consumers.
A Missouri online payday loan company has been shuttered by The Federal Trade Commission (FTC). The firm allegedly bilked consumers out of tens of millions of dollars by trapping them into loans they never authorized and then using the supposed “loans” as a pretext to take money from their bank accounts.
VeriFone Systems announced that its Payments as a Service (PaaS) platform for the UK market-PAYware Ocius-has been certified by the PCI Security Standards Council (SSC) as an approved Point-to-Point Encryption (P2PE) solution. P2PE is crucial for merchants in today’s retail landscape, as it encrypts cardholder data collected at the point of sale and keeps it encrypted until it is safely inside VeriFone’s PCI compliant decryption environment. This means cardholder data remains secure across the retailer’s POS terminals, networks and systems. Certification of PAYware Ocius was based on 888 rigorous standards required by the PCI SSC across 6 domains.
Pasadena, CA-based Wallaby, a mobile and web-based credit card optimization solutions specialist has expanded it service to include an extension for the Firefox browser. The Wallaby Firefox Extension provides users with a highly convenient way to identify which of their credit cards they should use for online purchases at a wide selection of merchants such as Amazon, eBay, Staples, and Best Buy.
Freeport, NY-based Matchpoint Payment Solutions is now a newly opened merchant services and credit card processing company. Matchpoint Payment Soutions is an Elavon Payments Partner & Registered MSP/ISO of U.S. Banks Elavon.
Miami-based Net Element says it will integrate Apple services into its point-of-sale (POS) payment acceptance hardware and software, enabling Company merchants the ability to accept Apple Pay from customers. The company speiclaizes in mobile payments and value-added transactional services in emerging countries and in the U.S.
DigitalTangible announced the Peer-to-Peer Gold and Bitcoin Marketplace. DigitalTangible customers can now list their gold bullion confidently and new buyers, anywhere in the world, can find premium gold deals at lower prices for immediate purchase and delivery. DigitalTangible enables this Peer-to-Peer Marketplace via its global network of professionally insured and bonded custodians.