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    Recode

    News about Recode.

    Square to launch physical debit card?

    April 18th, 2017

    mPOS provider Square could soon be launching a physical Square Cash debit card, according to Recode. The move would follow the launch of a virtual Square Cash card in December 2016 that lets users make payments using their Square Cash balance anywhere Apple Pay is accepted. “Square may end up incentivising Square Cash users to spend their money at Square brick-and-mortar merchants, since the company would make money from both sides of those transactions,” the publication reports.

    Facebook Messenger adds group payments in the US

    April 12th, 2017

    Facebook Messenger users across the US can now send and receive money between groups of people in a Messenger conversation by selecting the payments icon and then choosing who to send or request money from using a list of conversation participants. More

    Target to launch mobile payment service this year

    January 24th, 2017

    US retail giant Target is to introduce its own mobile payment service to “one or more of its own apps” later this year, the company’s Michael McNamara has told Recode. “It’s not clear if Target will add the payment feature to its main Target app, its popular Cartwheel coupon app or both,” the publication reports. The service will initially be available to customers with Target REDcards, “debit or credit cards that come with perks like 5% off Target purchases and free shipping on online orders”. Reports that Target was planning to launch a mobile payment service emerged in December 2015.

    Apple Pay adds US and Australian banks

    December 8th, 2016

    More than 30 banks and credit unions in the US have added their support for Apple Pay, as well as five more in Australia. The additions in the US mean more than 1,600 financial institutions support the mobile payments service across the country, 9to5mac reports. Some 35% of US retailers now support Apple Pay, its chief Jennifer Bailey revealed at the Re/code Code Commerce event this week.

    Apple Pay targets US retail and transport expansion

    December 7th, 2016

    Apple Pay is now accepted by 35% of US retailers, representing about 4m locations across the country, Apple VP Jennifer Bailey has revealed during the Re/code Code Commerce event in San Francisco. Square CEO Jack… More

    Apple Pay to expand to mobile websites?

    March 24th, 2016

    Apple Pay will be available as a payment option on mobile websites “before this year’s holiday shopping season”, Re/code reports. “The service will be available to shoppers using the Safari browser on models of iPhones and iPads that possess Apple’s TouchID fingerprint technology,” the publication says. “Apple has also considered making the service available on Apple laptops and desktops too, though it’s not clear if the company will launch that capability.”

    MCX ‘will not rush’ CurrentC rollout

    August 24th, 2015

    CurrentC, the mobile wallet offered by US retailer-led consortium MCX, may not launch widely this year as originally planned, CEO Brian Mooney has said. “The company will begin a public pilot of its app in Columbus, Ohio, in a few weeks and will not rush a wider rollout if the product is not ready,” Mooney told Re/code.

    Twitter to offer Buy buttons with Shopify

    August 6th, 2015

    Twitter is reportedly integrating with e-commerce platform Shopify to offer its Buy buttons to a wider range of businesses. “Shopify has around 100,000 merchants in the US,” Re/code reports. “With a Twitter deal, those businesses would be able to sell their wares within tweets.” Pinterest and Facebook have already integrated with Shopify, while Twitter unveiled buy buttons on its site in September 2014.

    Samsung ‘paid $250m for LoopPay’

    May 14th, 2015

    Samsung paid about US$250m to acquire LoopPay, developer of the magnetic secure transmission (MST) technology that will form a key part of Samsung Pay when it launches later this year, according to Recode. The figure could rise based on executive or company performance but “the terms of the earnouts are not known”.

    PayPal to buy MCX supplier Paydiant

    March 2nd, 2015

    Paypal is to acquire Paydiant, a white label mobile payments specialist and developer of a platform that allows retailers to incorporate payment, loyalty and offers functionality into their own apps. Paydiant also provides the mobile… More

    PayPal curtails in-store ambitions

    February 4th, 2015

    The team working on PayPals move into in-store payments has been among the hardest hit by layoffs across parent Ebay Incs three divisions, Re/code reports, adding that “PayPal’s in-store initiatives, which includes mobile payments and a credit card reader called PayPal Here, have largely been viewed as big disappointments inside the company.  Don Kingsborough, PayPals head of retail and prepaid products, has also left the company, Re/Code adds.

    Samsung in talks with LoopPay?

    December 17th, 2014

    Samsung is in talks with mobile payments startup LoopPay with a view to launching a mobile payments system to rival Apple Pay in the US in 2015, “multiple sources” have told Re/code. The service could “allow payment information to be transmitted to the merchant via NFC technology in addition to via LoopPay’s magnetic stripe-mimicking technology.”

    Apple store adds PayPal

    December 15th, 2014

    PayPal is now available as a payment option in Apple’s online retail store for US and UK shoppers having previously only been available as a payment option in Apple’s app and content stores, Re/code reports. Apple is also promoting PayPal Credit, a service that lets shoppers pay for an item over up to 18 months with no interest.

    MCX to open up “in months”

    November 4th, 2014

    The exclusivity rule that prevents members of MCX from accepting other mobile payments services in their stores will expire in “months, not years,” CEO Dekkers Davidson has told Re/Code. Davidson also “flatly denied that MCX had ordered CVS to turn off Apple Pay,” the report adds.

    MCX prepares to open its wallet to NFC and bank cards

    October 31st, 2014

    MCX is now open to supporting both NFC and Bluetooth Low Energy for payments and is in conversation with credit card issuers about opening up its CurrentC mobile wallet to payment cards, CEO Dekkers Davidson… More

    Facebook picks Stripe for buy button

    September 26th, 2014

    Stripe “is the sole Facebook payments partner” for its ‘buy’ button trial, Re/code reports. The service lets users purchase products from Facebook ads and page posts without leaving the social network.

    Rumoured Apple retail partner list grows

    September 8th, 2014

    The list of retailers that look set to accept Apple’s new mobile payments service now includes CVS and Walgreens according to Re/Code and Disney, according to 9to5Mac, which adds that Apple is installing additional Gimbal Series 20 Bluetooth beacons in its stores. Also expected to support Apple mobile payments, according to earlier reports, are Nordstrom, Macy’s and McDonalds with the launch date most likely to be 15 September.

    Apple iPhone NFC payments rumours reach fever pitch

    September 1st, 2014

    MasterCard, American Express and Visa have all signed deals with Apple for the launch of a mobile payments service that will make use of an NFC chip built into the next iPhone, due to launch on 9 September, according to reports in a number of publications including the Financial Times, Bloomberg and Re/Code. More

    Twitter to add payments?

    August 26th, 2014

    Twitter is to launch a new service in collaboration with Stripe later this year that will let users make purchases from inside a tweet, Re/code reports. By clicking a ‘Buy’ button, “shoppers are expected to be able to enter payment and possibly shipping information without leaving Twitter’s service”.

    Twitter tests ‘buy now’ button

    July 1st, 2014

    A ‘buy now’ button has been seen on Twitter, leading to speculation the social media giant is trialling a new ‘in-tweet’ ecommerce service, Re/code says. Reports suggest pressing the button, spotted fleetingly in the mobile app this week and embedded in tweets from shopping app Fancy, led to a checkout page.

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