Payment Observer

The Latest News, Industry Insights and Research Findings on Global Payment Markets

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22Aug/12

PayPal Teams Up With Discover to Push PayPal to US Retail Stores

By Gary Merrett
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PayPal is extending its retail presence: The online payment giant partners with credit card brand Discover, one of the larges card issues in the US, to bring PayPal to more than 7 million retail locations in the United States. Under the agreement, Discover enables participating merchants to accept PayPal via their existing relationship with Discover. To offer PayPal, merchants won’t have to upgrade existing point of sale hardware or software. Starting in 2013, the relationship will extend PayPal’s reach to millions of merchants across the US.

“This initiative will result in real change and innovation for the industry by bringing new technologies to the point of sale that benefit merchants and PayPal customers,” commented Diane Offereins, President of Discover Payment Services.

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21Aug/12

Payment News – August 21, 2012: iZettle, PayPal, Barclays Pingit

By Martin Schuppelius
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iZettle Launches Mobile Payment App for Android

iZettle is now rolling out the commercial version of its mobile payment app for Android devices in Sweden. iZettle currently supports the Samsung Galaxy S II, S III and Note models, and is working to support more Android devices in the future. Read more…

McDonald’s Tests Mobile Payments via PayPal in France

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Barclays to Launch Mobile Payment Service Pingit in Kenya

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20Jul/12

MyTaxi Launches Mobile Taxi Payment Service in Germany

By Martin Schuppelius
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myTaxi has introduced a mobile payment solution for its taxi app that connects passengers and taxi drivers, making conventional taxi dispatch services obsolete. From now on myTaxi passengers can use the myTaxi app to order a taxi and pay for the journey.

The myTaxi founders Niclas Mewes and Sven Külper point out that their solution is the first mobile payment system that works without relying on additional hardware such as an external dongle, NFC-tags or QR-codes. “With myTaxi Payment, from now on, passengers will be able to travel by taxi without needing cash. They simply pay both cardless and cashless“, commented Mewes.

In order to use myTaxi, users have to download the myTaxi app. If they want to use the mobile payment feature they have to enter their payment details as well. MyTaxi is working with PayPal and payment service provider Wirecard to provide the payment service. The cab driver has to pay a 3.9% fee + €0.21 for each successful myTaxi journey – there is no extra charge for the passenger.

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18Jul/12

Payment News – July 18, 2012: PayPal, card.io, MasterCard Business Network, Openbucks

By Martin Schuppelius
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Payment Observer has details on multiple companies that provide funding, atm, and credit card processing services. Get more information and details here.

PayPal Acquires Visual Credit Card Scanner card.io

PayPal Here product. Read more…

MasterCard Launches MasterCard Business Network for Small and Mid-Size Business

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Gift Card Payment Network Openbucks Raises $4.8 Million

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31May/12

Infographic: Top Performing Payment Gateways

By Gary Merrett
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Payment Observer spotlight company. See more details here about one of the up and coming service providers in the financial services for small business.

Web application performance monitoring company New Relic has published an interesting infographic on payment gateway performance. New Relic pulled the data from all their customers that called an external payment gateway during the 20th of April 2012. The data derived from more than 100,000 total gateway calls. In New Relic’s sample PayPal was the most popular provider, accounting for nearly 60% of all transactions followed by Authorize.Net, USA ePay and Stripe. Google Checkout came in 5th but turned out to being the fastest gateway. Enjoy!

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25May/12

Payment News – May 25, 2012: AmEx, Google In-App Billing, PayPal, Serve, Zynga

By Martin Schuppelius
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Payment Observer spotlight company. See more details here about one of the up and coming service providers in the financial services for small business.

Micro Payment: Zynga and AmEx Introduce Online Virtual Rewards Program

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Micro Payment: Google adds In-app Subscriptions to Android

One year after starting Read more…

In-app Billing on Google Play

Alternative Payment: PayPal Continues to Expand into the Retail World

agreement with VeriFone and Equinox Payments, both are large point-of-sale terminal providers, enables more customers to pay with PayPal at retail stores across the U.S. The company is also partnering with 15 U.S. retailers that are going to implement PayPal’s retail payment solution. Read more…

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16May/12

Payment News – May 16, 2012: iZettle, Ogone, PayPal, PayPass Wallet

By Martin Schuppelius
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Payment Observer spotlight company. See more details here about one of the up and coming service providers in the financial services for small business.

Mobile Payment: iZettle Launches Mobile Card Reader in the UK

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Mobile Payment: MasterCard partners with Ogone to Bring PayPass Wallet to Europe

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PayPal is Pushing Into Physical Stores: More Retailers to Adopt PayPal In-Store Payments

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4May/12

Payment Startups: PayPal Competitor WePay Raises $10M

By Martin Schuppelius
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Ignition Partners. The fresh funds will be used to scale WePay’s workforce and technology. It is expected that the company will launch several improvements including a mobile application in 2012.

Who is the “PayPal-rival” that reported a 10x growth in 2011? WePay was founded in 2008 by Bill Clerico and Rich Aberman with the goal to create an easy to use payment collection platform. The company is now headquartered in Palo Alto, CA and has raised a total of $20 million in funding. Among their investors are well known names such as Y Combinator, YouTube founder Steve Chen, and PayPal co-founder Max Levchin.

WePay started as an online group payment for individuals. Over time, the product portfolio evolved and WePay is now offering a range of payment solutions: sell items and tickets online, send bills online and accept donations online to individuals, small and medium-sized businesses and large merchants. WePay charges a fee of 3.5% ($0.50 minimum) for receiving credit card payments and a flat fee of $0.50 for bank payments. Currently WePay’s services are only available for users in the United States.

Check out the embedded video to see how WePay works:

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29Mar/12

PayPal Goes Mobile: Zong Founder and VP Mobile David Marcus is PayPal’s New President

By Martin Schuppelius
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Payment Observer industry spotlight includes small business solutions providers. Learn more on their website.

left the company in January) as President of PayPal.

As VP of Mobile for PayPal, Marcus has been working on PayPal Here, a mobile payment service for small business. The move shows how important mobile payments have become for PayPal and points the direction the company is heading. John Donahoe commented: “He will bring start-up energy to PayPal’s unmatched global reach and digital payments capabilities. And he will sharpen PayPal’s focus on accelerating product innovation, driving consumer engagement and making paying anytime, anywhere through your digital wallet a safe, easy and convenient experience.”

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16Mar/12

PayPal Takes on Square, Launching Mobile Payment Solution PayPal Here

By Martin Schuppelius
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Need a cash or credit card processing solution for your business? Payment Observer has more details you can learn by visiting their website.

PayPal has revealed its new mobile payment solution for small business PayPal Here. Just like Jack Dorsey’s Square, PayPal Here enables small merchants to accept card payments. The service includes an app and a small card reader for smartphones and brings the online payments giant into local stores.

It is no surprise that PayPal is entering the mobile point of sale segment, the success of Square, iZettle prove the increasing demand for such services. PayPal Here is part of PayPal’s multichannel strategy; the company is trying to provide payment solutions for online, offline and mobile business.

How does it work?

card.io.

After signing up and downloading the PayPal Here app, merchants can immediately start accepting payments and receive funds directly into their PayPal account. Merchants pay a fee of 2.7% for each transaction. They will also receive a business debit card with 1 percent cash-back on eligible purchases, cutting the effective fees down to 1.7%. For comparison: Square’s merchant fee is 2.75% for each swiped transaction.

The PayPal Here card reader and merchant app will roll out in United States, Canada, Australia and Hong Kong within the next month (more countries to be announced soon).

Check out the embedded video to see how PayPal Here works:

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