Latest Headlines

Latest Headlines

VeriFone yanks SAIL out of 'unprofitable' mobile payments biz

VeriFone Systems is pulling out of the mobile payment processing segment dominated by Square and PayPal, calling the market "fundamentally unprofitable."

Square adds Apple Passbook support with mobile gift card launch

Square is rolling out a new mobile gift card service integrated with Apple's Passbook virtual wallet application.

Square processing $10B in annual payments, up $2B in two months

Square is now processing $10 billion in annual mobile payment transactions, up from $8 billion in mid-September and exploding from $2 billion a year ago.

Bank of America to rival Square, PayPal Here with mobile payments reader

Bank of America is the latest entrant into the booming mobile payments processing segment. The company announced it will introduce the Mobile Pay on Demand platform on Dec. 3.

Starbucks launches Square payments across 7,000 U.S. stores

Beginning today, consumers may pay for their Starbucks Coffee Company purchases using the Square Wallet application for iOS and Android devices.

Square goes international with Canadian expansion

Square is taking its first steps outside of the U.S. market, expanding its mobile payment processing services to Canada. Square will make its signature Mobile Card Reader available to iOS and Android device users across Canada.

PayPal Here goes on sale at AT&T stores

PayPal is now selling its PayPal Here credit card reader at 1,800 AT&T Mobility stores across the country. The partnership represents PayPal Here's first U.S. retail deal.

Square abruptly halts NYC taxi payment system trial

Square has abruptly shut down Checker, a pilot service enabling New York City taxi passengers to more efficiently pay their fare via credit card.

Starbucks to start using Square for in-store payments next month

During a leadership conference in Houston, Starbucks executives said that the company will begin using Square Wallet for mobile payments starting in early November. At that time, customers will be able to use the Square directory to find more than 7,000 U.S. Starbucks stores.

Report: Amazon taking on Square, PayPal Here with m-payments reader

Amazon is reportedly working on a mobile payments reader that would pit the digital commerce giant against services like Square and PayPal Here.