Ecosystem of Online Payments & competition
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The idea of a mobile wallet has been touted as the next big thing for years now, and despite pioneering trials from the likes of Nokia (that, among other things, enabled users to pay for vending machine items via text messages), the technology hasn’t changed the lives of many consumers. That may be changing, as companies like Visa and MasterCard start to put their muscle behind mobile payment technologies, and firms like Google begin offering tools like the NFC-enabled Google Wallet .
Auction giant eBay and Facebook are quietly forging stronger ties with a secret joint partnership and the addition of Facebook exec Katie Mitic to eBay's board of directors. Mitic, the current director of platform and mobile marketing at Facebook, will now become the twelfth member of eBay's board of directors.
Are people who build criminal empires in the online game "Mafia Wars" a better credit risk than those who milk cows and plant crops in "FarmVille"? An Atlanta startup called Kabbage aims to find out. The company advances money to online merchants who sell goods such as clothing, model trains or handicrafts on eBay, Amazon.com and Yahoo so they can buy inventory and expand their businesses.
Published: 10 August 2011 By Peter Thompson Updated: 10 August 2011
It was not long ago that a small business had to make the choice whether or not to accept credit cards. In recent years that decision has been made for business owners as competition and consumer-buying habits started forcing even the smallest shops to accept some form of card payments.
E-commerce platform Tinypay.me , which emerged from 2010′s Le Web conference as a sort of Twitter for e-commerce, has just raised $1 million from Aksoy Internet Ventures. The money will be used, in part, to relocate company headquarters from the Netherlands to the heart of the action: San Francisco.
15 August 2011 by Karen Webster Just when you thought things couldn’t possibly get more exciting in the mobile world, Google up and buys Motorola ( view press release ).
Originally posted on PaymentsLab
Facebook announced this morning that developers signing up for Facebook Credits now have PayPal as a payout option, increasing the flexibility developers have for monetzing apps through Facebook Credits. This is of particular importance to developers in countries where PayPal is really the only trusted payout option for developers. Payout is the means by which a developer converts in-app currency exchanges to real money that the developer can then deposit into its bank accounts. Facebook says that the PayPal option now doubles the number of countries where developers can begin integrating Facebook Credits to 22 countries total, including Turkey, India and Japan. Facebook Credits has been a slow road for certain social game developers in the last nine months between apparent reluctance and technical issues .
Alternative payment methods
PSP & AntiFraud