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Isis calls its Google Wallet rival good for the business of mobile payments

11/14/201111/14/2011 John Montgallo

Isis CEO, Michael Abbott, has released a statement that is causing the mobile payment industry to raise a brow, saying that Google Wallet, its rival, is “the best thing that could happen.” This is an unexpected perspective from the head of the carrier-backed joint venture for mobile payments as it prepares to launch its own system. The mobile payment services have been created to allow smartphone and tablet users to tap their devices on special terminals in order to complete payment transactions for purchases. That said, Abbott’s long term concept…

Richard Branson backs Square mobile payment startup

11/10/201111/10/2011 Julie Campbell

Mobile payment startup, Square, which is recognized for its board of directors that features big names such as Lawrence Summers, the former U.S. Treasury Secretary, now has another notable supporting its cause: Virgin’s Richard Branson, the U.K. billionaire. According to a spokesperson from Square, Branson has added his support by making what is being called a “multimillion” dollar investment into the company. The actual amount of this investment has yet to be disclosed. This is not an entirely new experience for Square, is it had previously received an investment of…

MediSwipe Inc. has processed almost $2 million in medical and wellness transactions in two months

10/29/201110/29/2011 Jennifer Goula

MediSwipe Inc. has announced that in the months of September and October 2011, it has processed almost two million dollars in client transactions for medical and wellness merchants in the health services sector. The company, a subsidiary wholly owned by Commerce Inc., provides financial products and merchant payment solutions for the medical healthcare industry. It currently leads the industry as an enabler and provider of turnkey e-commerce solutions, which includes solutions for mobile payments. According to CEO Michael Friedman from MediSwipe Inc., the company is maintaining its position as “the…

American Eagle Outfitters announces Google Wallet launch

10/29/201110/29/2011 John Montgallo

American Eagle Outfitters has announced that they’ve launched Google wallet in five of their stores, American Eagle Outfitters, 77kids, and Aerie shops in the United States. Google Wallet is a mobile service that operates through an app available for Android smartphones that allows shoppers to use those devices in order to redeem discount coupons, earn loyalty points, or even pay for purchase, simply by tapping or waving the device at a reader at checkout counters. American Eagle, a company that focuses primarily on the 15 to 25 year old male…

Hungarian exhibitor at the NFC Word Congress has developed a new method for

09/21/2011 Guest Post

Press Release: A new Hungarian invention unveiled in France by Cellum’s experts may result in a breakthrough in mobile payment. The new innovation enables non-bank or carrier-specific mobile purchases and bill payment and may help accelerate the increase of the international use of contactless NFC technology*. The NFC CellLink technology, an industry first, is first presented to the trade at the NFC Word Congress between 19 and 22 September.* The Cellum Group of Hungary specializes in the development of innovative technologies in mobile commerce and payment. The company’s innovations increase…