Visa has invested an undisclosed sum in Magnetic Secure Transmission (MST) inventor LoopPay. “The investment is part of a larger strategic funding round for LoopPay, announced earlier this month, which includes Synchrony Financial (formerly GE Capital Retail Finance) and other strategic partners not yet named,” the mobile payments startup says.
- MCX prepares to open its wallet to NFC and bank cards
- Ralph Lauren promotes new line with NFC and QR codes in Harrods windows
- Visa CEO identifies mobile payment as major growth driver
- 60% of consumers will share data with stores
- Bedier unveils Poynt POS