Entering a growth stage with new partners - Dwolla. We’ve always shared the story before, and we have no plans to start hiding it now.
Why? Whether you’ve been with us for a few weeks or the last few years, you’ve taken the time to get to know us, place trust in us, and advocate for us. You’ve made the conscious decision to accept us into a very sensitive and important aspect of your life, so it’s only fair that we do the same. Dwolla raises $5m Series B round led by Union Square Ventures (Video) Dwolla, now at around 20 employees, expects to double in size following its latest raise of funds.
Above, the Dwolla team at its meetup in December. Dwolla, an online and mobile payments network based in Des Moines, announced today it raised $5 million in a series B round led by Union Square Ventures of New York, with participation from Village Ventures and Thrive Capital, also of New York, Artists & Instigators of West Conshohocken, Penn. PayPal taps POS maker Ingenico to expand in-store payment system. PayPal, which is lining up deals with payment solution providers to help quickly scale its upcoming in-store payment system, struck an agreement with Ingenico, whose point of sale terminals will soon be able to handle PayPal transactions.
Ingenico said it has started integrating PayPal transactions using PayPal’s Access Card into its existing point of sale terminals and next generation POS devices. Merchants who rely on Ingenico hardware will be able to accept both types of PayPal transactions including card payments and also purchases using a mobile phone number and PIN. Ingenico has 15 million terminals in use worldwide including 2 million in the United States. Apple and Mobile Payments – Predicting the Future. Why is Visa interested in mobile payment company Square? Connect with leaders from the companies in this story, in real life: Come to the fourth annual VentureBeat Mobile Summit April 14-15 in Sausalito, Calif.
Request an invitation. Mega credit card company Visa appears to be incredibly impressed with mobile electronic payment startup Square, according to a company blog post. The post titled “Emerging Payment Types = New Opportunities” starts by spotlighting a recent interview by All Things Digital with Square founder Jack Dorsey and continues by graciously praising the company’s vision as a “big deal.” Square, founded in 2009, has created a small device which attaches to a mobile device to allow the user to accept credit card payments.
Mobile Payments Videos We Like — Payments Essentials. Digital Money Forum: Camp community. [Dave Birch] There was another thought-provoking BarCampBank in London last month.
Many thanks indeed to Frederic and the gang for pulling it together and a special mention for Sun's super hospitality. As well as catching up with friends and meeting new people, I got to sit in on a series of fascinating discussions. Some of the ideas being kicked around were fairly mainstream, but some were really out of the box (I particularly liked the lunar phase model for hedge fund investment). All I ask from such an event is to go away with more ideas than I came in with, and once again the format and the audience delivered. But what I've been reflecting on since the event is one specific thread: community. Aneace's Blog: A counter-intuitive way to make mobile payments i. Put loyalty and prepaid cards on mobile phones first, which will create the desire to have credit and debit cards as well, integrated into a single transaction.
Going the other way, credit cards first, will be extremely challenging. The difference is the value proposition to customers and retailers. The main promise of putting credit and debit cards onto an NFC mobile phone seems to be, "you can leave home without your wallet". Le paiement mobile. Les acteurs du marché français tentent de se mettre d'accord - O. Javelin Strategy and Research » New Opportunities for Banks in A. Prepaid Debit Card Companies: What’s your mobile internet paymen. Mobile devices that connect to the Internet are hot.
In fact, Morgan Stanley (NYSE: MS) predicts that within five years, more people will connect to the Internet using mobile devices than with desktop computers. The opportunities in mobile are huge. So, prepaid debit card companies, what is your mobile payment strategy? Morgan Stanley published their Mobile Internet Report in December 2009. A Revolution in Payments — Payments Views from Glenbrook Partner. Today’s announcement of American Express acquiring Revolution Money caught many of us industry pundits by surprise – especially given the $300 MM price tag that Amex paid for the deal.
But, upon reflection, and after listening to the Q&A section of Amex’s conference call earlier today, you can see why they were motivated to do this deal. No question about it – Revolution Money was an innovator – indeed, they were such an extreme innovator that many payments experts dismissed what they were doing – in spite of the list of sterling investors and board members they had acquired along the way.
(See also my partner Bryan Derman’s post – “This Revolution will be Televised! American Express Jumps on the Alt-Payments Bandwagon in a Big Wa.