Delineating the Mobile Value Chain: A Holistic View of Mobile Payment

As excitement surrounding mobile payments develops, most of the focus has been placed on the wallet apps such as Google Wallet and Isis jockeying for position. However, the success of a mobile payments system will depend on far more than which piece of software will be used on the most devices. A fully...

B.Shark Holds Forum on Who Will Play a Leading Roll in Mobile Payments

B.Shark, a Chinese company offering worldwide mobile payment solutions, recently collaborated with SPforum, the largest microblog dedicated to the Mobile Internet industry in China, to hold a forum about who will play the leading role in worldwide mobile payments. The discussion was lively, and experts from...

Mobile Payment Startups

Venmo was founded by under 30-year-old entrepreneurs Andrew Kortina and Iqram Magdon-Ismail in Philadelphia. Fewer people carry cash these days and Kortina and Magdon-Ismail saw this as an opportunity to tackle the simple problem that comes with paying back friends and family while on-the-go. Venmo lets...

Visa’s Plan to Dominate Mobile Payments

It’s no secret that credit card companies are shelling out big bucks and aggressively forming partnerships and deals to start cashing in on the mobile and digital payments innovations currently taking place. American Express, which recently debuted its own digital payments product Serve, has been...

Hidden Costs in Cell-Phone and Digital-Wallet Payment Services, Says Consumer Reports

While Americans are still using plenty of cash, checks, credit and debit cards to pay their bills, new electronic methods such as paying by cell phone or digital wallets are emerging. Before jumping in, consumers should be aware of the disparity in loss liability and consumer protections they offer,...

Mobile Payment Service Fee Structures

The top mobile payment systems all work very similarly, but carry different fee structures. Each one charges a percentage per transaction and sometimes a flat fee per use. For example, mobile payment company Square charges 2.75% for a transaction that uses the swipe accessory. For transactions that are keyed...

Mobile Payment Company Square Raises $100 Million in Series C Financing

Square, the company revolutionizing everyday transactions between buyers and sellers, announced today that it has secured $100 million in Series C financing. The round was led by new Square investor Kleiner Perkins Caufield & Byers with participation from Tiger Global Management, LLC. Square launched in...

Vinod Khosla Joins Mobile Payment Company, Square

Square announced today that venture capitalist Vinod Khosla will join its board of directors. Khosla is already an investor in the mobile payment platform via his venture firm Khosla Ventures, which led Square’s initial financing round and participated in the Series B round last January. Square has raised...

Apple and Square to Partner for iPhone 5 Mobile Payments?

One of the most common iPhone 5 rumours is about Near Field Communication (NFC), the technology that allows mobile payments with a wave or “tap” of a device. Jack Dorsey, the founder of Twitter and mobile payment company Square, is now officially available in the iPhone store. Radu Tyrsina at IT...

Square Lowers Merchant Transaction Fee

As competition to sign up merchants heats up, mobile payment company Square has announced it will drop the $0.15 transaction fee that it had been charging customers. There will still be a charge ofz 2.75% of the transaction cost, but Square’s biggest competitor, Intuit GoPayment, currently charges 2.7%...

Visa Interested in Mobile Payment Company Square?

There was a very complimentary and “loving” Valentine’s day post about Jack Dorsey’s mobile payment company Square on Visa’s corporate blog. Why is Visa posting such a piece? According to Venturebeat, there are several possible reasons: “First, Visa may be starting to...

Hottest Mobile Payment Startups

Here’s a preliminary list of the hottest mobile payment startups.  Feel free to add to the conversation: Carrier Billing Boku (Paymo) Zong Payfone Purchase in App (not billed via carrier) Apple (iTunes) Contactless / Mobile Contactless: mFoundry’s mPayments Bling Nation ViVOtech P2P...

Jack Dorsey’s Mobile Payment Company Square Gets Times Square Billboard

Square, the mobile payment company co-founded by Jack Dorsey, has fittingly put a big billboard up in New York’s Times Square. Such aggressive marketing is a big change from the San Francisco-based company’s past strategy. Last week, COO Keith Rabois told Fast Company of the difficulties of...

Square Inc. Signing Up 30,000+ New Accounts Per Month

Jessica Guynn of the Los Angeles Times interviewed Square COO Keith Rabois about Square’s latest round of funding,  which according to some sources puts the company valuation at over $240 million. According to Rabois, the company has “been signing up 30,000 to 40,000 new accounts per month and...

Square Versus Intuit GoPayment: Mobile Payment Comparison

For business that want to accept credit card payments through their smartphones, there are quite a few choices available. Two leading contenders are Square and Intuit’s GoPayment. Both services offer this feature, but there are some differences that may sway your decision on which one is best for...

Jack Dorsey’s Square Mobile Payments Company Raises $27.5 Million in New Funding

Twitter co-founder Jack Dorsey’s mobile payments startup, called Square, is in the process of raising a new round of funding at a valuation of more than $200 million, according to TechCrunch. The online technology blog cites Square’s general manager Keith Rabois as indicating that Square raised $27.5...

Square

Square is a revolutionary service that enables anyone to accept credit cards anywhere. Square offers an easy to use, free credit card reader that plugs into a phone or iPad. It’s simple to sign up. There is no extra equipment, complicated contracts, monthly fees or merchant account required. Co-founded...

U.S. Mobile Payment Market to Top $200 Billion by 2015, Says Research Report

A recent report from Aite Group forecasts that U.S. mobile bill payments will reach more than $200  billion in 2015. Aite Group interviewed more than 60 companies in the Fall of 2010 and produced a 65 page report that defines and segments the mobile payment industry, and includes an analysis of the...