Enabling Technologies

Capital Nw, Amazon Card Reader and p2p, UK mPayments, Amex eyes Yeldi, Payment News

MEDICI

Payment News for today from our News Aggregation wing:  

1. Digitaljournal - Capital Processing Network Details 4 Underutilized Small Business Merchant Services

Capital Processing Network, a nationwide credit card processing company, today revealed a list of 4 useful merchant services beyond traditional payment acceptance. Small business owners who take credit cards may already have access to tools that improve efficiency and make transactions more secure.

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2. Businessnewsdaily - Amazon to Launch Mobile Credit Card Reader for Small Businesses

Small business owners may soon have one more way to process credit cards. Amazon is planning to launch a credit card processing system that will use its Kindle Fire tablets in conjunction with a physical card-reader attachment, according to the Wall Street Journal. It could be a solid alternative to contenders such as Square and PayPal, which already offer mobile credit card processing services.

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3. Buyingbusinesstravel - UK lags behind on mobile payments

The UK is lagging behind other countries when it comes to using mobile payment technology, according to a survey by corporate card firm Airplus International. The study found that 12 per cent of companies worldwide are now using smartphone payment solutions – up from only 3 per cent in 2011. While another 5 per cent of firms say they will introduce mobile payment during the next year.

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4. Timesofindia - American Express eyes stake in Chennai startup Yeldi

CHENNAI: Global interest in Indian tech products space is rising. After Facebook's acquisition of Little Eye Labs and Google's acquisition of Impermium, transnational financial services giant American Express is looking to pick up a stake in a Chennai-based technology startup Yeldi, which deals with products in the near-field communications (NFC) space.

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5. Banktech - Amazon Planning New P2P Payments and Kindle Point of Sale Systems

E-commerce giant Amazon is taking steps to gain a bigger foothold in the payments space by offering P2P payments and a Kindle-based mobile point of sale system for retail merchants. TechCrunch noticed an ad that Amazon posted for senior technical program managers to help it get a new P2P payments service off the ground. The new service would presumably put Amazon in direct competition with PayPal, as well as banks that offer their own P2P payments services.

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MEDICI Team

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MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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