A couple of new developments in contactless payment technology have been announced in the UK in last few days.
Tag: payments
Intuit Undercutting Square
Yesterday we questioned the $240 million valuation of mobile payment processor Square, and here are a few more reasons to question that value.
Square Worth $240 Million?
Mashable reports that mobile payment processor Square has just raised $27.5m dollars from venture capitalists, reportedly valuing the company at $240 million.
Was Your Card Double-Charged On New Year’s Eve?
The BBC is reporting that Lloyds Banking Group had a problem with their payment processing on New Year’s Eve, causing thousands of credit and debit card users to be double charged.
Google Mobile Payments Launching In 2011?
A few high-profile sites have been reporting on a BusinessWeek article which seems to confirm that Google is looking into its own mobile payment service using NFC technology.
Bankers Try To Censor Old Chip & PIN Flaw
Back in February of this year (it’s still 2010 as I write this), we posted about a BBC Newsnight report that showed how a team of researchers from Cambridge University had managed to find a flaw in the Chip & PIN system.
Will A Google Phone Be Your Next Wallet?
Google has acquired a very small, barely up and running startup company that had some interesting patents in mobile payments.
Visa Launches “In2Pay” Smartphone Mobile Payments
Following 18 months of testing in the US, Europe and Asia, Visa has made its “In2Pay” smartphone mobile payment chip commercially available to financial institutions.
Replace Cheques With Another “Paper-Based” Payment?
The UK Payment Council has been keeping itself busy pondering how to minimise the effects of the loss of the humble cheque, and they’re planning a revolutionary replacement; a “paper-based” alternative.
PayPal: Million Brits Make Mobile Payments
PayPal has announced that one million Brits have made a payment through PayPal on their mobile phones.