Wednesday, April 18, 2012

Square Seeking $250 Million Investment at $3 to $4 Billion Valuation


Square Said to Seek $250 Million Investment

Jack Dorsey, the head of Square and the executive chairman of Twitter.Jin Lee/Bloomberg NewsJack Dorsey, the head of Square and the executive chairman of Twitter.
Square, the mobile payments company, is passing the hat again.
Less than one year after raising $100 million, which valued the company at $1.6 billion, the company is going back to its investors. It is now seeking to raise as much as $250 million at a $3 billion to $4 billion valuation, said people briefed on the matter, who requested anonymity because discussions are private and still continuing.
It’s a bold move by Square’s chief, Jack Dorsey, who effectively holds two full-time jobs as the head of Square and the executive chairman of Twitter.  

Use Cases for NFC in non-payment scenarios. Where else will we see NFC?

News1 new result for "Near Field Communications"
Use Cases for NFC in non-payment scenarios. Where else will we see this ...
NewsReleaseWire.com (press release)
Meet Our Release Experts
Robert Siciliano
 
Video Clip: Click to Watch
Near Field Communications (NFC), is the exchange of information between two devices via wireless signal. For example, a wireless signal emitting from your cell phone can act as a credit card when making a purchase. In the case of a mobile wallet application, those devices would be a mobile phone and a point of sale device at a checkout counter
NFC handsets are set to increase to about 80 million next year. Gartner estimates that that 50% of smartphones will have NFC capability by 2015
But not all NFC revolves around mCommerce. The usage of NFC for identity documents and keycards are widely deployed
And then theres FeliCa, is a contactless technology that is widely deployed in Asia for public transportation, access management, event ticketing, customer loyalty programs and micropayments. As of March 2011, there were over 516 million units of FeliCa IC Chips worldwide, incorporated in 346 million cards and 170 million mobile phones. Gemalto and Sony Corporation have established an agreement to provide FeliCa / Near Field Communication (NFC) solutions globally
"With FeliCa's proven commercial adoption particularly in the Asian markets, we strongly believe that our agreement with Sony will enable Gemalto to build the foundation for significant expansion for both companies at a global scale," added Tan Teck-Lee, Chief Innovation & Technology Officer and Asia President of Gemalto. "Gemalto's UpTeq NFC SIM is set to trigger the mass deployment of mobile NFC services now, while providing operators the flexibility to expand their offer in the longer term"
Robert Siciliano, personal security expert contributor to Just Ask GemaltoDisclosures
See all stories on this topic »

NewsReleaseWire.com (press release)



Investment Trend Mobile Payment Systems

Web3 new results for NFC Mobile Payment
Yes, NFC, That Speeding Train is Headed Your Way | Payments U
Instead of driving to the local shopping mall to find mobile payments success, let me suggest that NFC mobile payments companies should ride public transit to ...
paymentsu.com/yes-nfc-that-speeding-train-is-headed-your-w...
iPhone Mobile Payment 100 Euro
iPhone Mobile Payment 100 Euro
 (Photo credit: monty.metzger)
Investment Trend Mobile Payment Systems | Near Field - NFC
Definitive NFC / Near Field Communication and Smart mCommerce News ... Writer Harriette Halepis discusses the rise of mobile payments and what the trend ...
https://nfcip.org/.../investment-trend-mobile-payment-systems-...
Mobile Payments News | MobilePaymentsToday.com
Bill Payment · Carriers / Card Schemes · Contactless / NFC ...
www.mobilepaymentstoday.com/news_archive.php?tag=600...



First Intel Inside NFC Smartphone Coming From Lava This Week

N-Mark Logo for certified devices
N-Mark Logo for certified devices (Photo credit: Wikipedia)
News5 new results for NFC Mobile Payment
Watch this Space - Tech News
San Francisco Luxury News
GLIMPSE OF THE FUTURE: Making payments at restaurants and other outlets could soon change with the introduction and adoption of mobile payment solutions such as the one developed by Soft Space. The mobile-payment niche is about to heat up with the ...
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First Intel Inside Smartphone Coming From Lava This Week
PCWorld
The smartphone comes with an as-yet-unknown version of Android and also has two cameras, high-definition video capabilities and NFC (near-field communication) to share information or make payments quickly at points of sale.
See all stories on this topic »
Near Field Communication -- An Emerging Mobile Technology
Business 2 Community
There's also the potential for NFC to be used in countless other ways, including waving your smartphone at the grocery store to instantly pay your bill, bumping phones with your friends to share games and other applications, unlocking your car and ...
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2012 Atlanta Falcons Schedule Features Tough Road Back to Playoffs
Yahoo! Sports
Then the Falcons will face possibly the two most mobile quarterbacks of 2012, Cam Newton of the Carolina Panthers and Robert Griffin III of the Washington Redskins (assuming the draft goes as expected). I expect to see some great games in this stretch.
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Five technologies to look for in your next smartphone
Sydney Morning Herald
NFC, short for near field communication, is finding its way into more smartphones this year. While you can't make payments from NFC-equipped smartphones in Australia just yet (the relevant players are still getting their ducks in a row), ...
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How Long Before Mobile Payments Are Mainstream?

News3 new results for NFC Mobile Payment
How Long Before Mobile Payments Are Mainstream?
Marketing Land
One third of respondents, however, were bearish, agreeing with a contrary statement that NFC and mobile payments will not have caught on by that date. A 2012 consumer survey conducted by the US Federal Reserve and published in March found that 12 ...
See all stories on this topic »

Marketing Land
Think before you swipe
University of Virginia The Cavalier Daily
By Matt Robertson, Columnist on April 19, 2012 As our generation continues to more frequently use credit cards to pay for most of our transactions, it has become increasingly important to protect our financial and identity security.
See all stories on this topic »
ADVANCED CARD SYSTEM : ACS participates as exhibitor and speaker in Cartes in ...
4-traders
Furthermore, she emphasized on the entrance of NFC technology, and how it presents more opportunities for the industry by allowing NFC-enabled devices other than cards, such as mobile phones, to be used for making contactless payments.
See all stories on this topic »



Tunbridge Wells' car park bonking offered new NFC logo

NFC phones
NFC phones (Photo credit: martintom)
News1 new result for "Near Field Communications"
Tunbridge Wells' car park bonking offered new NFC logo
Register
Since admitting it had failed to protect the term "NFC" and the long form "Near Field Communications", which are both now generic terms, the NFC Forum has been trying to use its N-Mark logo as a hook to get companies interested in its certification ...
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'We are uniquely positioned to lead the NFC market'

News4 new results for NFC Mobile Payment
Austrian telco to extend NFC payments programme to the high street point-of-sale.
Finextra
Telekom Austria is to extend its established paybox NFC scheme for parking and transit payments to the merchant point-of-sale. Paybox, which is operated by the telco's own mobile subsidiary A1 and fully-licensed Paybox Bank, will initially make the ...
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Finextra
'We are uniquely positioned to lead the NFC market'
Voice & Data Online
For payment transactions, there is an entire ecosystem that is in the process of being deployed. In addition to NFC in the phones, NFC-enabled payment terminals (similar to the terminals currently used in stores to process credit or debit card ...
See all stories on this topic »

Voice & Data Online
NFC will not take off if services aren't compelling, warns Orange's ...
Telecoms.com
Vincent Barnaud, director of mobile-contactless services for Orange Group, said that while there is a long term need for technologies such as NFC to be used for authentication, there is no guarantee that NFC will become the technology of choice.
See all stories on this topic »
Rabobank says m-payments venture going ahead
Telecompaper (subscription)
A project to develop NFC mobile payments in the Netherlands is going ahead, Rabobank told Dutch pbulications Emerce and Webwereld. Rabobank is developing the project with the banks ABN Amro and ING and mobile operators KPN and Vodafone Netherlands ...
See all stories on this topic »



New Reports Forecast Growth in Use of NFC

Blogs6 new results for NFC Mobile Payment
Smartphone NFC payments 'to outpace credit cards by 2020 ...
By cwukfeedback@idg.co.uk (Cameron Scott)
NFC smartphone payments will overtake cash and credit card transactions by 2020, according to almost two-thirds of technology insiders surveyed by the Pew Internet and American Life Project and Elon University's School of ...
Computerworld UK's News
New Reports Forecast Growth in Use of NFC (Near Field ...
By Honey Silvas
Aside from smart phones and mobile devices, an unpowered NFC chip, called a "tag", can also be used to communicate with an NFC device. NFC technology can be used for access control, ticketing, mobile payment, data sharing, ads, ...
Welcome to Barcode.com
EEL Events - Turkcell combines m-wallet and location services
Turkish carrier Turkcell and local bank Akbank have announced a partnership to introduce an NFC-based mobile wallet service incorporating location-based elements. The consolidation of Turkcell's mobile payments and LBS initiatives ...
EEL Events
The next Samsung Galaxy smartphone: 5 rumored features - The ...
By The Week
Last year, Samsung and Visa announced a partnership aiming to bring near-field communication (NFC) mobile technology — which allows users to make payments by scanning their phones at a cashier — to smartphones in time for the 2012 ...
The Week: Most Recent Home Page Posts
The Convergence of Physical and Digital Commerce: Past, Present ...
By Scandit
One major trend to look at is mobile payment, where digital wallets, NFC and P2P services are battling for the win. Another interesting trend we'll examine is personalized and contextual content delivery. Sounds sexy doesn't it? Well it's clear ...
Scandit
Just Another Mobile Phone Blog: Pay the bill in a restaurant is now ...
By Maximus
The service is available to subscribers of MegaFon-Moscow with prepaid tariffs and connected mobile payments service. To use the service, subscribers must activate the NFC-sticker, and "attach" it to their number by dialing * 514 * command ...
Just Another Mobile Phone Blog



Visa Launches Mobile Payments Provisioning Service

Web5 new results for NFC Mobile Payment
Visa Launches Mobile Payments Provisioning Service
In addition, while there appears to be growing consumer demand for mobile payments, it's not clear whether consumers will take to NFC in large numbers.
https://www.failsafepayments.com/.../visa-launches-mobile-pa...
Mobile Payments could soon start in Brazil | Contactless & NFC City ...
There's a surge of interest in mobile payments in Brazil at the moment if this video is anything ...
contactlesscities.wordpress.com/.../mobile-payments-could-soo...
INSIDE Secure Supplies NFC Technology for New Nokia Lumia 610 ...
INSIDE mobile NFC, secure payment and digital security products provide security for a wide range of information processing, storage and transmission ...
www.businesswire.com/.../Secure-Supplies-NFC-Technology-...
NFC Mobile Payment - Services
Leave a Reply Cancel reply. Your email address will not be published. Required fields are marked *. Name *. Email *. Website. Comment. You may use these ...
nfcmobilepayment.net/?page_id=10
ROAM Data to launch NFC Swipe mobile card reader
US mobile commerce platform provider ROAM Data has completed the development of a device- agnostic card reader with near-field communication and ...
www.thepaypers.com/news/mobile.../roam.../747264-16





Tabbedout Brings Mobile Payment to Houston

News37 new results for "Mobile Payment"
Tabbedout Brings Mobile Payment to Houston
MarketWatch (press release)
HOUSTON, Apr 18, 2012 (BUSINESS WIRE) -- Tabbedout, the free mobile payment app that allows consumers to open, view and pay tabs with their phones, has launched service in nearly 50 locations throughout the Houston area, including popular locations ...

See all stories on this topic »
Zebra Technologies and Hybrid Paytech Offer Joint Solution for Mobile Payment ...
MarketWatch (press release)
The companies will offer a joint solution combining Zebra's MZ(TM) mobile receipt printers with Hybrid's payment platforms to fulfill the increasing demand for mobile payment acceptance in fleet, delivery, logistics and retail industries.
See all stories on this topic »
Mobile payment solutions expected to outpace credit cards by 2020
Technology Bloom News
Mobile payment solutions have been popping up over the last two or three years and some experts say that customers paying with smartphones will bypass credit card payments by 2020. A survey, by the Pew Internet and American Life Project and Elon ...
See all stories on this topic »

Technology Bloom News
Mobile Payment May Be Widely Accepted by 2020
CRIENGLISH.com
By 2020, smart-device swiping will have gained mainstream acceptance as a method of payment by owners of smartphone and other devices, nearly eliminating the need in most cases for cash or credit cards, according to a new US study released on Tuesday.
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MasterCard unveils mobile payment platform
ITWeb
MasterCard has partnered with Oltio, formerly MTN Mobile Money SA, to introduce a mobile payment platform. MasterCard Mobile lets MasterCard and Maestro cardholders make online purchases using their mobile phones. According to the company, ...
See all stories on this topic »

ITWeb
Pivotal Payments Partners With NetSecure to Develop Branded Mobile Payment ...
Sacramento Bee
By PIVOTAL PAYMENTS MONTREAL, April 17, 2012 /PRNewswire/ - Pivotal Payments, North America's fastest growing payment processor today announces a partnership with NetSecure Payments to develop a mobile payment application for smartphones and tablets.
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Will Mobile Payments be Standard by 2020?
PC Magazine
On the opposite end of the spectrum, some 33 percent of experts agreed with a statement that said most people will not trust mobile payment technology to replace cash and cards by 2020. These experts said that the potential security and privacy ...
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Federal Trade Commission to host mobile payment workshop
JD Supra (press release)
The morning will kick off with an introduction to mobile payment technologies. Next on the agenda: a survey of the legal landscape and existing mechanisms for resolving disputes. Panelists will explore a series of questions relating to the security and ...
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Tech leaders see smartphones replacing credit cards, cash
CBS 21
Some sixty-five percent said that most consumers will have accepted the smartphone as a mobile payment device and will be comfortable using it to pay for items the way they use a debit card now. Any hesitation to predict a rosy mobile payments future ...
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Erik Ross Announced as Chief Strategy Officer of iCache Inc.
MarketWatch (press release)
... to announce Erik Ross as Chief Strategy Office (CSO) of iCache Inc. Mr. Ross is an avid inventor, experienced strategist and an expert in the field of mobile payment technology and will be a valuable and important member on the iCache Inc. team.
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NFC payments could dominate commerce by 2020, according to study
The Verge
By Andrew Webster on April 17, 2012 07:33 pm 15Comments While mobile payment solutions like Google Wallet are only starting to catch on, a new study suggests that by 2020 they could become the dominant form of payment. The study — conducted by the Pew ...
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USA Technologies' Customer, Pepi Food Systems, Accelerates to 100% Cashless ...
MarketWatch (press release)
The service is designed to be open to all mobile payment platforms, including Google Wallet, ISIS, PayPal and others. "We are thrilled to support Pepi Food Services in this accelerated, 100 percent cashless conversion plan," said Stephen P. Herbert, ...
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Most will use phone, not cash or credit cards, for payments, by 2020: Pew
msnbc.com
Mobile payment technologies are in the early stages in the US among manufacturers: Google is among those leading the way with its Google Wallet partnership with Citibank and MasterCard, using near-field communication. The technology allows for very ...
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msnbc.com
Pew: Smartphone payments will be mainstream by 2020
VatorNews
I'm sure that PayPal, Square, Google, Visa, LevelUp, PayDragon and others are taking notice of what the buzz is about mobile payment adoption, especially now that users have grown more comfortable shopping and checking their banking information via ...
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Consumers Have Concerns About Mobile Banking Security, Survey Finds
New York Times (blog)
Mobile payments — actually paying a bill with a phone — isn't as prevalent yet, with one in eight survey participants reporting that they made a mobile payment in the previous 12 months — usually, paying a bill online using their phone.
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PayDragon takes new approach to mobile commerce and payments to dodge lineups
QR Code Press
PayDragon's new mobile payment approach allows consumers to pay for their products directly. Currently, this is designed for use primarily by food trucks and restaurants. When the app is used, the consumer is offered a number of local restaurants and ...
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QR Code Press
Are the days of credit cards numbered?
Information Age
"If you are a mobile payment provider, that basically takes the wind out of your sails. Why would consumers use your service when they can do it for free with a bank?" Similarly, the cost to the retailer of receiving a mobile transfer is much less in ...
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Information Age
Mobile Payments Won't Replace Cash or Credit for Another Decade
All Things Digital
In a survey of technology experts and stakeholders, conducted by the Pew Research Center's Internet & American Life Project and Elon University's Imagining the Internet Center, 65 percent of people said they believe that mobile payment technology will ...
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Mobile payments may replace cash, credit by 2020, experts say
ConsumerReports.org
The study, conducted with the Elon University's Imagining the Internet Center, surveyed 1021 Internet and tech experts and users, and although the majority of respondents saw a fast-approaching future for mobile payment systems, some said they believed ...
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T-Mobile fined, sued and may get Lumia 900
TechFlash
The popular Samsung Galaxy II is equipped with near-field communication, which turns a smartphone into a mobile payment device using an app like Google Wallet, or allows transfers of data between devices that are nearby.
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MasterCard Plunges Into Mobile With Apps and Payments Testing
AdAge.com
"It's not possible unless you're creating local assets, local programs, for cardholders>" Though MasterCard's efforts in the mobile-payment space are nascent, Ms. Guerin pointed out that MasterCard PayPass has had some high-profile rollouts, ...
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AdAge.com
Online shopping on the rise: Price, convenience, security key
Memeburn
To make an online payment, a cardholder can select to use the MasterCard Mobile payment option on participating e-commerce sites – similarly to how they would select to pay by credit card, debit card or EFT. For first-time users of the system, ...
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Pew Internet study: mobile payments will be ubiquitous in 2020
SlashGear
That is, until this past year, when the country has gone through a mobile payment revolution. We now have Google Wallet, Starbucks's mobile app, credit card readers to accept payments from anyone through your smartphone, and many other initiatives.
See all stories on this topic »

SlashGear
Comverse at IMS World Forum: Prepare for Rich Opportunities With Next-Gen IP ...
MarketWatch (press release)
... for the Future," Comverse explores how CSPs can leverage their strategic assets to strengthen their roles in domains such as content, M2M, and mobile payment, outlining the backend systems that can help CSPs rapidly monetize new business models.
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PCI Security Standards Council to Host First Ever Asia Pacific Meeting for ...
IT News Online
The Council will share the latest information on PCI Standards, PCI programs and resources, including its work in technology areas such as Point-to-Point Encryption (P2PE) and mobile payment acceptance security. The agenda also includes both networking ...
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Sprint launches eco-friendly LG Optimus Elite smartphone
Mobile Burn
The Optimus Elite does have NFC capabilities, and it supports the Google Wallet mobile payment service out of the box. As with Sprint's other eco-friendly smartphones, the Optimus Elite is constructed of 50 percent recycled plastics, ...
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FTC to convene workshop on mobile payments
Mobile Payments Today
It will feature speakers from mobile payment start-ups like Seth Priebatsch, LevelUp's "Chief Ninja, and Ben Milne, CEO of Dwolla, as well as payment executives from companies such as Intuit, Google, MasterCard and Boku.
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MasterCard and World Wide Worx provide insight into online shopping trends ...
Media Update
Jones then gave a short presentation explaining MasterCard's new mobile payment model that is being piloted to be rolled out soon thanks to its collaboration with local mobile services company, Oltio. This will mean that Master and Maestro cardholders ...
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Sprint touts ecocentric LG Optimus Elite
CNET
It runs Gingerbread (Android 2.3) with a 3.5-inch screen plus is equipped with an NFC chip for Google Wallet mobile payment support. The phone's other specs, such as a single-core 800MHz processor, 3G data connection, and 5MP camera won't impress power ...
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Today in APIs: Tumblr in Gnip, the Daily Deal Ecosystem and 8 New APIs
ProgrammableWeb (blog)
Today we had 8 new APIs added to our API directory including an online blog backup service, media management service, mobile backend platform, online survey service and mobile payment service. Below is more details on each of these new APIs.
See all stories on this topic »
EE, O2 and Vodafone ecommerce venture investigated
BroadbandChoice.co.uk
A preliminary investigation from the EC indicated potential concerns relating to competition in the emerging fields of mobile payment applications, mobile advertising and related data analytics services, where it is feared that the working group could ...
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BroadbandChoice.co.uk
Smartphone may be future way to pay, replacing credit, debit cards
Hamilton Spectator
Others, Smith said, believed that banks could in fact be some of the biggest drivers of mobile payment technology, because, basically, any new way to make money is a good thing. Another obstacle in some countries is that many consumers don't actually ...
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NCR expands INETCO partner agreement
ATM marketplace.com (press release)
... payment processors and retailers to manage network infrastructures and monitor the end-to-end performance of transactions originating from ATMs, POS terminals, self-service check-out kiosks, online banking and mobile payment applications.
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What The Hell Happened To Google Wallet's Cash-Free Future?
Gizmodo Australia
(Does Verizon, maybe, have another mobile payment technology in development?) As of now, no Verizon user — even one with a Galaxy Nexus — can take advantage of Google Wallet without resorting to backwater hacks. That said, it's not all Google's fault.
See all stories on this topic »
Earnings Preview: EBay to post 1Q results
BusinessWeek
It rivals existing mobile payment services such as Square. Though its US business is solid, the lackluster economy in Europe will likely continue to weigh on eBay's business in the region. WHY IT MATTERS: EBay is one of the world's largest e-commerce ...
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Experts see m-payments replace cash, credit by 2020
Mobile Payments Today
... meaning the "results are not projectable to any population other than the respondents in this sample." But it does provide an interesting look at how divergent opinions are even among experts who are a part of the mobile payment world.
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USAePay Announces Integration with First Data North
PR Web (press release)
... credit, debit, private-label, gift, payroll and other prepaid card offerings; fraud protection and authentication solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions.
See all stories on this topic »

Blogs2 new results for "Mobile Payment"
Tabbedout Brings Mobile Payment to Houston - from ITbriefing.net
Tabbedout, the free mobile payment app that allows consumers to open, view and pay tabs with their phones, has launched service in nearly 50 locations throughout the Houston area, including popular locations such as Kung Fu Saloon, ...
ITbriefing.net
Technology of the The Future Will Make Shopping Easier | Good ...
By Filipino
PayPal has been commanding headlines recently with news about retail solutions – in fact, just last week PayPal announced the future of commerce for small businesses with PayPal Here, the world's first global mobile payment solution that ...
Good News Planet

Web6 new results for "Mobile Payment"
CR4 - Thread: Mobile Payment Solution
From TED in Vienna: Alexander Oswald, who has 10 years experience in IT, discovered a very successful yet simple method for mobile payment halfway around ...
cr4.globalspec.com/thread/77259/Mobile-Payment-Solution
Mobile payment likely to gain widespread acceptance by 2020 ...
SANFRANCISCO,April17(Xinhua)--By2020,smart- deviceswipingwillhavegainedmainstreamaccept.
english.peopledaily.com.cn/202936/7790915.html
Tabbedout Brings Mobile Payment to Houston - Yahoo! Finance
From Yahoo! Finance: Tabbedout, the free mobile payment app that allows consumers to open, view and pay tabs with their phones, has launched service in ...
finance.yahoo.com/.../tabbedout-brings-mobile-payment-hous...
What Is A Mobile Payment? | Mobile Marketing Blog
The same thing on my mobile is now a 'mobile payment'. Again, if I use my credit card online, I've completed an online payment. Do the same thing on my ...
www.mobile-marketing-blog.net/.../what-is-mobile-payment.h...
Vodafone Faces Expanded EU Probe With O2 on Mobile-Payment ...
The European Commission extended until Aug. 27 its deadline to rule on the deal, it said in an e-mailed statement today. Regulators cited concerns that the ...
mobile.bloomberg.com/.../vodafone-faces-expanded-eu-probe...
Zebra Technologies and Hybrid Paytech Offer Joint Solution for ...
"Customers all over the world can benefit from our combined mobile payment and receipt printing solutions. These offerings help increase mobile workforce ...
www.istockanalyst.com/.../zebra-technologies-and-hybrid-payt...


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