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« June 24, 2012 - June 30, 2012 | Main | July 8, 2012 - July 14, 2012 »

July 03, 2012

Cielo Acquires Merchant e-Solutions (MeS)

Cielo logo 140pxCielo, the largest merchant acquirer in Brazil, has announced that it has entered into a definitive agreement to acquire Merchant e-Solutions (U.S.) for $670 million.
The advanced technology developed by MeS will provide Cielo with greater process automation (back office), flexibility and agility in developing new products and, consequently, will enable a lower time-to-market for new products and services. In addition, with the acquisition of MeS, Cielo gains a physical presence in Silicon Valley, a hotbed of technological innovation and currently the epicenter of the digital revolution in payments.

Recap - Google I/O Developers Conference

Google logo 140pxGoogle last week made two payment-related announcements at the Google I/O Developers Conference about Google Wallet.
  • Google Wallet for Digital Goods. Google has renamed the In-App Payments API to 'Google Wallet for Digital Goods' and added support for recurring subscriptions and small ticket price optimization; merchants will pay the lesser of 5% or 1.9% + $0.30 depending on ticket size. Details are on the Google Commerce blog.

  • Save-to-Wallet. Google announced the Save-to-Wallet API with two variations: one to save merchant offers to the wallet and one to save payment cards to the wallet. Google says, "The Save-To-Wallet API is part of the vision for Google Wallet to be the one-stop-shop for holding everything you'd carry in a regular wallet." Specifics on the Save-To-Wallet Offer API are available now. No details were provided on the Save-To-Wallet Payment Cards API.

The Save-to-Wallet APIs are announced in a session called "Introducing Google Wallet Cloud APIs". See this video to see what was said and demonstrated.

Billeo Makes Online Payments a Zip With ZipThru Pay and Buy

Billeo logo 140pxBilleo has announced its ZipThru Pay and ZipThru Buy services, which allow Billeo's business customers to simplify and speed up the online shopping and bill pay payment experience.
From paying a bill to purchasing an item online, the ZipThru services allow businesses to provide consumers an easy and transparent online or in-app payment process that takes just seconds to complete. By leveraging Billeo's powerful Active-Context Platform™ and rich biller and merchant directories, the ZipThru services connect Billeo's business customers with billers and merchants that accept card payments online. The technology navigates thru the payment or checkout process, auto-fills the payment details and captures the payment confirmation -- simplifying the payment and purchase processes to one or two clicks.

July 02, 2012

MasterCard and Deutsche Telekom Unite on Mobile Payments

MasterCard logo 140pxMasterCard and Deutsche Telekom have announced a European partnership to enable consumers to use their mobile phones to pay at the point of sale.
The first consumer roll-out will take place in Poland later this year. Also this year German consumers will be introduced to mobile payments, initially in a trial with mobile phone tags and cards, continuing into the first half of next year with a mobile wallet service which will also be open to other issuing banks and partners. Deutsche Telekom will issue the MasterCard products via its subsidiary company ClickandBuy, the owner of an e-money licence. Products will also be launched in other European markets.

American Express Announces U.S. EMV Roadmap

Amex logo 140pxAmerican Express has announced its network roadmap to advance EMV chip-based contact, contactless and mobile payments for all merchants, processors and issuers of American Express-branded cards in the U.S.
“The payments industry is continuing to evolve rapidly, and American Express recognizes the growing demand for chip-based contact and contactless payments in the U.S.,” said Suzan Kereere, Senior Vice President and General Manager, American Express Global Network Business. “We also fully recognize the complexities involved in migrating to EMV chip-based technology, and our first priority is to provide choice and flexibility for merchants and our card-issuing partners so they can adopt the EMV solution that best meets their needs.”

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