Target Beacons

Target, the nation’s most innovative retailer, will start testing beacon technology in 50 of its stores nationwide. With beacon technology, the company says it will be able to send information about deals as well as recommendations directly to consumers’ smartphones, provided they opt in to receive these alerts.

Gem Bitcoin Platform

Gem Bitcoin startup, launched a Bitcoin platform for developers at TechCrunch Disrupt SF’s Startup Battlefield. Selected as one of 30 companies competing for a chance to win $50,000 and the coveted Disrupt Cup, Gem’s full-stack API now provides developers with a complete solution that eliminates the pain of building Bitcoin security infrastructure into their apps. Founded by Bitcoin, Gem offers a platform for securing Bitcoin and other digital currencies. The importance of protecting Bitcoin balances and transactions is now mandatory in the wake of several recent industry security challenges resulting in the loss or theft of over half a billion dollars’ worth of Bitcoin. Gem’s solution, which can be deployed by developers in minutes, utilizes a three-key multi-signature system and several other integrated bank-grade security features to ensure Bitcoin wallets and funds are always secure and accessible. The combination of multi-signature technology with best-in-class authentication and monitoring systems in one comprehensive platform makes the Gem solution a first for the digital currency world.

Lamassu Accepting Pre-orders on Bitcoin ATMs

Lamassu Bitcoin ATMs have opened their website for pre-orders. Preliminary production run had been funded with orders paid in Bitcoin, which expects the preliminary run of 15 units to ship in September and the remainder of the pre-orders to ship by the end of the year. Lamassu’s cash-to-Bitcoin device has garnered substantial media attention over the past months, including pieces in the Wall Street Journal, CNBC, TechCrunch, the BBC, the Financial Times, Mashable and Bloomberg.

ERPLY & Embarcadero Bring Windows POS to Mac OS X

Embarcadero Technologies software solutions for application and database development, announced ERPLY cloud-based POS software, used Embarcadero Delphi XE2 with FireMonkey to develop its Windows Point of Sale software and pave the way for a Mac OS X version. ERPLY recently announced a strategic integration with PayPal providing businesses with a new way to accept mobile payments and manage their business operations. ERPLY’s largest deployment has 500 locations and the Windows POS application is now being launched across the retail chain of Elizabeth Arden Corp.

PayPal to Unveil Physical Store in New York

PayPal is planning to open a brick and mortar store in New York Nov. 1 to promote its new mobile payment technologies. PayPal over the next 3.5 months will be looking to lure retailers to the location in order to demo its new POS products. A QR code will also be integrated into the set-up so that passer-byers on the go can learn about PayPal’s new offerings. PayPal will also be highlighting its offering for merchants that incorporate PayPal into both the checkout and mobile payment processes.

AmEx Taps Gaming Market, Acquires Top Player

American Express has acquired Sometrics in-game payments provider and virtual currency platform for $30 million, providing greater access to promote its payment platform to the gaming community. California-based Sometrics enables online game monetization with its virtual currency platform that facilitates in-game payments and purchases of digital goods, according to its website. Sometrics has processed 3.3 trillion units virtual currency since its debut, according to TechCrunch.

Openbucks launches Gift Card Network

Openbucks is launching the Gift Card Payment Network, letting consumers use gift cards from trusted retail brands as payment for online games and at ecommerce sites. Openbucks turns gift cards into a convenient online purchasing and payment method and is ideal for people who do not have a credit card or prefer not to use them when paying online. Users can also complete a transaction in five seconds or less. After purchasing a gift card at one of more than 100,000 locations in the United States and Canada, consumers can use it in hundreds of online games. It takes little effort for retail gift card issuers to integrate with Openbucks as the company has relationships with the main processing companies, including Ceridian Stored Value Solutions and Fifth Third Bank.

Square Now Processing $4mm m-Payments Daily

Square is now processing $4 million in mobile payments per day, a figure projected to double by October. Square passed the $3 million milestone in May, then reached $1 billion following the wildly successful round of funding. Usage amongst customers is distributed to iPad (21%), iPhone (45%), iPod (3%) and Android (31%) while Square has shipped more than 500,000 credit card readersover the past year, which are now available in Apple Stores, and is processing more than a million transactions per month.

MobilePayUSA Launches Private Beta Without NFC

Private beta-testing of the MobilePayUSA, non-NFC mobile payment solution has begun at a local Tutti Frutti Frozen Yogurt. Instead of waiting for NFC technology to become viable, Tutti Frutti is using the Virtual Terminal offered by MobilePayUSA for PC-based POS systems. MobilePayUSA does not use RFID chips embedded in smart phones that hold credit card numbers in order to process payments. Credit information is never stored on the phone or shared with the merchant with MobilePayUSA.