Tag Archives: verifone
Samsung team-up aims to improve your mobile payments
Make payments at any table with Verifone’s Payware Mobile e355
Make payments at any table with Verifone’s Payware Mobile e355
Apple to reportedly support tokenization for payments via NFC
Apple to employ both NFC and Tokenization in iPhone 6 and iWatch to secure Payments
Apple’s New POS Bumps Up Security Measures
Did Target Malware Teen Take A Piece Of The Pie?
VeriFone’s Way2ride app lets New Yorkers pay for a cab by tapping their phone, sans NFC
VeriFone this week launched a new service for NYC taxi passengers, letting customers pay for a cab by tapping any compatible smartphone. Way2ride utilizes Zoosh ultrasound technology, enabling secure payments using the speaker and mic in your device and the payment terminal on the other end. The app, available for Android and iOS devices, lets you pre-select payment info and even a tip amount. To initiate a transaction, you'll simply tap your phone anytime during the ride, then hop out right when you reach your destination -- a receipt will appear within the app. You can even use the app to hail a cab, estimate your fare and report a lost item. Download it now at the source links below.
Filed under: Cellphones
Source: VeriFone, Way2ride (Android), Way2ride (iOS)
VeriFone retreats from mobile payments, says acquiring users ‘fundamentally unprofitable’
After joining the mobile payment bandwagon last spring with Sail, VeriFone is ready to scale back its efforts in the venture. "Our experience through 2012 with tens of thousands of these micro-merchants tells us that the standalone economics of micro-merchant acquiring are fundamentally unprofitable," the firm's CEO, Doug Bergeron, said in a quarterly conference call. According to the head honcho, the cost of wrangling up new business users through ads and the like "will never justify the razor thin-margins produced by merchants with infrequent volumes and extremely high attrition." As a result of those costs and the risks of fraud associated with payments, the outfit will be handing off the user recruitment side of Sail to banks and "merchant acquirers," and plans to sell some of the platform's related assets. Despite the company's retreat from mobile payments, Bergeron considers the only way others could survive in the space is to provide merchants with auxiliary services, such as digital wallets, which competitors such as Square have begun to dabble in. VeriFone may have soured on mobile payments, but it's highly likely we'll see others give it the old college try as well.
Filed under: Misc
Via: Reuters