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30May/12

Payment News – May 30, 2012: Foursquare, AmEx, Groupon, Breadcrumb, Gartner

By Martin Schuppelius

Mobile Payment, Cards: AmEx Launches Local Foursquare Deals in the UK

Location-based social network Foursquare and American Express team up to bring local offers and rewards to the United Kingdom. After linking their AmEx credit card to their Foursquare account UK customers can check in at a participating location to receive offers. The offers are redeemed automatically when the user pays with the linked card. The service looks impressive – hopefully it will be available in more countries soon. Read more…

Mobile Payment: Groupon Acquires Mobile POS Company Breadcrumb, Makes Redeeming Coupons Easier

Groupon has acquired Breadcrumb, a startup that that has created a mobile point-of-sale solution for iOS devices. The direct integration into POS terminals is a big improvement and makes it easier to redeem Groupon offers. Terms of the deal have not been disclosed. Read more…

Research Findings: More Than $172B in Mobile Payments in 2012

According to Gartner’s report: Forecast: Mobile Payment, Worldwide, 2009-2016 the worldwide mobile payment transaction value will reach $171.5 billion in 2012. This is a 62% increase from the 2011 volume of $105.9 billion. The research company forecasts a mobile payment market worth $617 billion by 2016. The growth is mostly fueled by SMS and mobile internet transactions while NFC-based payments won’t see mass market adoption before 2015. Read more…