Shopify goes after Square with a new mobile credit card reader

Shopify just released its new card reader that makes it easy for merchants to complete credit or debit card-based sales on the go. The reader accepts chip dips or swipes and works with Visa, Mastercard, American Express and Discover. It connects wire...

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Square Introduces the All-New Square Stand


Big things come in small packages. Or at least they start as small ones. What was conceived as an inconsequential card reader went on to form an app and finally the whole series of actions culminated...
    


PayPal Here coming to the UK with a chip reader to match (video)

PayPal Here coming to the UK with a chip reader to match video

US-born mobile payment methods like PayPal Here and Square haven't had much traction in Europe, due in no small part to the continent's frequent reliance on chip-and-PIN credit cards over North America's (slowly outgoing) magnetic stripes. PayPal is getting around that technical barrier through the most direct method possible -- replacing the reader altogether. PayPal Here's UK deployment swaps out the triangular US reader for a considerably bulkier Bluetooth peripheral that takes the newer payment method. Other elements will be familiar to anyone who's used Here on an Android or iOS device in another country, minus the obligatory changes in currency. PayPal is partnering with a handful of UK businesses before launching Here on a wider scale in the summer -- not soon enough for some, but it might save a few Brits from scrounging through their wallets just to buy some ice cream.

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Via: TechCrunch

Source: PayPal

Bank of America gets into card swiping with Mobile Pay on Demand, because 29 can play at that game

Bank of America gets into card swiping with Mobile Pay on Demand, because 29 can play at that game

To call the mobile-based card processing business crowded would be a slight understatement -- launching a reader is nearly an instinctual reaction for commerce outlets that see Square running away with the market. What's to stop a bank from joining the fray? Bank of America doesn't see anything wrong, as it's starting up a me-too service through Mobile Pay on Demand. The headphone jack reader with Android and iOS support will seem very familiar to anyone who's been paying attention; the company does have some tantalizing lures for entrepreneurs, however, such as an ever-so-slightly lower 2.7 percent fee per transaction as well as a year-long deals marketing service subscription for any 2012 sign-ups. US shops that haven't already jumped on the bandwagon with Square (or Groupon, or Intuit, or Pay Anywhere, or PayPal or VeriFone) can pre-order a reader today and start taking payments on December 3rd.

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Bank of America gets into card swiping with Mobile Pay on Demand, because 29 can play at that game originally appeared on Engadget on Tue, 13 Nov 2012 13:55:00 EDT. Please see our terms for use of feeds.

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Square launches in Canada, streamlines payments on the world stage

Square launches in Canada, streamlines onthespot poutine payments

For all of Square's fast growth, it's been exclusively the domain of US shopkeeps; others had to scrounge for an alternative, if there was one at all. The payment pioneer clearly isn't content to isolate itself or anyone else, as it's making its international debut with support for Canada. Locals can immediately request the free Mobile Card Reader and swipe credit cards with an Android or iOS device at the same flat, 2.75 percent rate that more experimental American stores know very well. Complete equality isn't available to Canucks just yet, as Square Wallet won't be available until 2013, but the access remains a step forward for Canadian merchants that don't want to be tied down to a terminal any more than their southern neighbors.

Continue reading Square launches in Canada, streamlines payments on the world stage

Square launches in Canada, streamlines payments on the world stage originally appeared on Engadget on Wed, 24 Oct 2012 11:42:00 EDT. Please see our terms for use of feeds.

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PayPal Here goes on sale at AT&T stores: like a one-stop shop for account hiccups

PayPal Here goes on sale at AT&T stores like a onestop shop for account hiccups

PayPal Here, despite all its focus on in-store transactions, hasn't really been available to buy in a US store -- that's been the domain of the seemingly ubiquitous Square reader. eBay's payment wing has at last established that retail beachhead through a deal with AT&T. About 1,800 of the carrier's stores are now carrying PayPal Here readers, and they'll keep the service's big rival from hogging the spotlight at a time when most aren't even aware that there's any competition. If you're still cynical, you can look at the AT&T move as a matter of convenience: at least this way, all your account headaches will come from one place.

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PayPal Here goes on sale at AT&T stores: like a one-stop shop for account hiccups originally appeared on Engadget on Sat, 20 Oct 2012 21:00:00 EDT. Please see our terms for use of feeds.

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Security experts hack payment terminals to steal credit card info, play games

Security experts show payment terminal vulnerabilities by playing racing game with pinpad

If a payment terminal could be forced into servitude as a crude handheld gaming device, what else could it be made to do? Researchers at the Black Hat conference showed just what mischief a commonly used UK PoS terminal could get up to when they inserted a chip-and-pin card crafted with malicious code. That enabled them to install a racing game and play it, using the machine's pin pad and screen. With the same hack, they were able to install a far less whimsical program as well -- a Trojan that could record card numbers and PINs, which could be extracted later by inserting another rogue card. On top of that, criminals could use the same method to fool the terminal into thinking a transaction was bank-approved, allowing them to walk out of a store with goods they hadn't paid for. Finally, the security gurus took a device popular in the US, and used non-encrypted ethernet communication between the terminal and other peripherals to hack into the payment device and take root control. Makes you want to put those credit cards (and NFC devices) away and stick to cash -- at least you can see who's robbing you blind.

[Original image credit: Shutterstock]

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Security experts hack payment terminals to steal credit card info, play games originally appeared on Engadget on Fri, 27 Jul 2012 06:41:00 EDT. Please see our terms for use of feeds.

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PayPal and Softbank announce new joint venture in Japan, mobile app

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PayPal has joined forces with Softbank to bring its mobile payment system/digital wallet to Japan. PayPal Here uses an encrypted card reader -- like its BFF Square, and more recently, VeriFone -- to minimize users' cash dependency. There's also a redesigned app that makes it easier for customers to locate participating merchants while they're out and about. The $25 million joint venture targets small businesses, especially those using iPhones (though it also works just fine on Android), and will be made available to the Japanese masses over the next several weeks. We're sure the setup will be used exclusively by the forces of good to stimulate the local economy.

PayPal and Softbank announce new joint venture in Japan, mobile app originally appeared on Engadget on Wed, 09 May 2012 15:31:00 EDT. Please see our terms for use of feeds.

Permalink Reuters  |  sourceVirtual Press Office  | Email this | Comments