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What’s a sure way to delay the development of mobile payments? How about creating half a dozen mobile wallets for smart phones, built on closed proprietary technology, that require terminal makers to accommodate all of them or force consumers to load multiple wallets on their smart phones. That at least, is the position of the influential Mobey . . . → Read More: Can’t We All Just Get Along? Even as merchants and their payment providers are beginning to explore the potential of mobile offers, daily deal site Groupon snapped up a couple of companies late last week to bolster its mobile capabilities. Groupon announced on Friday it has bought location-based tech company Hyperpublic and mobile commerce and payment company Kima Labs. No details were . . . → Read More: Groupon Eyeing Mobile Location-Linked Offers? A VISA Inc. official has publicly criticized PayPal’s efforts to establish a presence in the brick and mortar POS domain, highlighting the tensions between the mainstream payment paradigm and alternative payment platforms. The point of the critique: security and scalability. “I think there’s real issues around security,” Jim McCarthy, global head of product at Visa, said . . . → Read More: Visa Goes After PayPal at POS Within a day of it suspension of prepaid card provisioning on Google Wallet, the company said it has issued a fix that addresses security issues and has resumed provisioning for prepaid cards. Two different security vulnerabilities were publicized last week. The first issue affected rooted Android devices, potentially allowing a hacker to discover the PIN protecting Google . . . → Read More: That Was Quick: Google Issues Fix, Reactivates Prepaid Cards Google says it has halted provisioning of prepaid cards on Google Wallet until it can resolve the security issue that gives someone with access to an unlocked smartphone the ability to drain balances on prepaid cards stored in the electronic wallet. Last week, security research firm Zvelo publicly disclosed a security exploit of Google Wallet for rooted . . . → Read More: Google Takes Steps to Mitigate Security Threat |
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