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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. ( Marc Eckō 's venture innovation company) and angel investor Paige Craig of Los Angeles-based Betterworks .
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.
Mega credit card company Visa appears to be incredibly impressed with mobile electronic payment startup Square , according to a company blog post .
[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.
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".
Assistons-nous à la disparition programmée du terminal de paiement tel que nous le connaissons sur les points de ventes au profit des Smartphones et tablettes ? Avec le développement de Square ainsi que la multitude de solutions équivalentes qui apparaissent régulièrement la question peut être posée. On attend en effet le succès du "paiement par mobile" mais on voit d'abord exploser le "paiement (par carte) sur mobile".
Mobile devices that connect to the Internet are hot.
MasterCard (NYSE:MA) has today launched an innovative solution to harness the mobile phone as a form factor for its Chip Authentication Program. The initiative focuses on enabling consumers to authenticate their banking and online transactions through their own mobile phone with solutions from three leading industry vendors. MasterCard’s CAP program (Chip Authentication Program) focuses on solutions that allow cardholders to authenticate themselves using their existing EMV banking card and a personal card reader.
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!