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Thursday, May 10, 2012

VeriFone turns smartphones into point-of-sale payment terminals

Electronic payment solution provider VeriFone Systems has introduced a new US-based service that enables businesses to use smartphones to accept payments. It follows similar initiatives from Square, iZettle, PayPal and mPowa.

SAIL by VeriFone combines a plug-in card reader with a free iOS or Android mobile app and can be integrated with existing VeriFone countertop devices. It also offers banks, mobile developers and other businesses the ability to build their own payment or marketing solutions on top of VeriFone’s secure infrastructure.

Douglas G Bergeron, Verifone’s CEO, said “VeriFone has created a unique open ecosystem that builds on our payment-as-a-service vision to foster innovation in the developer and payments communities and maximize choice for small to medium-sized businesses. We are delivering a flexible experience with the level of security and reliability that businesses and consumers have come to expect from VeriFone.”

Participating businesses can either choose a flat 2.7% fee for swiped transactions or a monthly $9.95 subscription with a 1.95% transaction rate.

We talked about mobile payments and mobile wallets with Marcelo De Lima, VeriFone’s Director of Marketing for Mobile Commerce, at Mobile World Congress in February. You can listen to the interview (which starts at 27:50) via the built-in audio player on our website or by downloading the MP3 file.
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Opinion Articles

Two reasons Microsoft will buy Nokia

James Rosewell writes:

Microsoft have been talking about Mango, the upcoming upgrade to Windows Phone 7 incorporating their battery-friendly flavour of multi-tasking and 499 other new features. They've also welcomed Fujitsu, Acer and ZTE to the Windows Phone fold. However there was no significant news from Nokia and Microsoft. No timeframe for handsets, nothing in fact. Both companies are being tight lipped about the partnership at the moment.

Author: The Fonecast
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It's not a mobile wallet. It's just a phone.

Mark Bridge writes:

Don't get me wrong. I'm excited about the idea of mobile payments. But I think the Quick Tap launch and all this talk of a 'mobile wallet' is a little overhyped. And here are the three main reasons why.

Author: The Fonecast
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This week at The Fonecast: 21st May 2011

Mark Bridge writes:

Mobile payments. Mobile payments. Mobile payments. That's what everyone seems to be talking about. They were on the agenda last week and they're back again.

Author: The Fonecast
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How I built my own mobile wallet

Mark Bridge writes:

Orange Quick Tap is official. You can buy a Samsung Tocco Lite-a-like, add the details of a participating card provider and Bob's your uncle.

Except I've already got a phone. And a credit card that's not from Barclays. So what can I do?

Author: The Fonecast
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Apocalypse Nokia

Mark Bridge writes:

The phenomenon of 'apocalypse sex' is often seen in movies, comedy shows and advertisements. The end of the world's just around the corner so… hey… what the heck?

I reckon it shares the same emotional basis as being 'demob happy' or having that 'end of term feeling' at school.

And that feeling seems to be in plentiful supply at Nokia HQ in Espoo.

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