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

APRIL 18, 2012, 11:57 AMVENTURE CAPITAL

Square Said to Seek $250 Million Investment

BY EVELYN M. RUSLI

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.  

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

News 1 new result for "Near Field Communications"

Use Cases for NFC in non-payment scenarios. Where else will we see this ... NewsReleaseWire.com (press release) 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 Gemalto. Disclosures See all stories on this topic » NewsReleaseWire.com (press release)

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Investment Trend Mobile Payment Systems

Web 3 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  (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...

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First Intel Inside NFC Smartphone Coming From Lava This Week

N-Mark Logo for certified devices (Photo credit: Wikipedia)

News 5 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 ... See all stories on this topic »

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 ... See all stories on this topic »

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. See all stories on this topic »

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), ... See all stories on this topic »

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How Long Before Mobile Payments Are Mainstream?

News 3 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 »

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Tunbridge Wells' car park bonking offered new NFC logo

NFC phones (Photo credit: martintom)

News 1 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 ... See all stories on this topic »

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'We are uniquely positioned to lead the NFC market'

News 4 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 ... See all stories on this topic » 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 »

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New Reports Forecast Growth in Use of NFC

Blogs 6 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

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Visa Launches Mobile Payments Provisioning Service

Web 5 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

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Tabbedout Brings Mobile Payment to Houston

News 37 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. See all stories on this topic »

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. See all stories on this topic »

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 ... See all stories on this topic »

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 ... See all stories on this topic »

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 ... See all stories on this topic »

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. See all stories on this topic »

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 ... See all stories on this topic »

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, ... See all stories on this topic »

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 ... See all stories on this topic » 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 ... See all stories on this topic »

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. See all stories on this topic »

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 ... See all stories on this topic » 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 ... See all stories on this topic » 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 ... See all stories on this topic »

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 ... See all stories on this topic »

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. See all stories on this topic »

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, ... See all stories on this topic » 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, ... See all stories on this topic »

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. See all stories on this topic »

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 ... See all stories on this topic »

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, ... See all stories on this topic »

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. See all stories on this topic »

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 ... See all stories on this topic »

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 ... See all stories on this topic »

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 ... See all stories on this topic » 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 ... See all stories on this topic »

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. See all stories on this topic »

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 ... See all stories on this topic »

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. See all stories on this topic »

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 »

Blogs 2 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

Web 6 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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