Payment News – June 28, 2012: Placecast ShopAlerts, Kuapay, AmEx PAYVE, Digital River World Payments
Another Mobile Wallet Emerges, Placecast Launches HTML5 ShopAlerts Wallet
Location-based marketing provider Placecast jumps on the mobile wallet bandwagon. The company just launched its new ShopAlerts Mobile Wallet that connects location-based offers with mobile payments. The mobile wallet is a while-label service for credit card companies, mobile carriers and retailers. Its build in HTML5 and will thus work on all smartphone platforms without the need to download a dedicated app. The combination of location-based offers and mobile payments is very promising but it remains to be seen how it competes with Apple’ native Passbook app or the Microsoft Phone 8 Wallet. Read more…
Mobile Payment Startup Kuapay Secures $4M Funding
US-based mobile payment company Kuapay has received a $4 million investment. The Kuapay wallet app allows customers to pay at any retail store that accepts credit cards. The card details are stored inside the app, to make a purchase the QR code displayed by the app has to be scanned at the point of sale – similar to how LevelUp works. The investment will help Kuapay to enhance its features and extend to other platforms. Read more…
American Express presents PAYVE, a Payment Solution for Corporate Payments
PAYVE is the new payment service from AmEx for business. It centralizes multiple types of payment methods (e.g. checks, ACH payments and international wire) into a single e-payment platform.
Digital River Widens Payment Options, Offers Cloud-based Subscription Billing
U.S. e-commerce service provider Digital River has integrated a cloud-based service for recurring payments in its World Payments solution. World Payments is a global payments solution for online merchants, available in more than 190 countries and 170 currencies.