League Of Legends Debit Cards Coming Your Way

League Of Legends Debit Cards Coming Your WayIt does seem as though League of Legends is getting more and more high profile, where we have read about how an actual League of Legends player was granted a US visa which recognized him as a professional athlete – the first of potentially many, we think. This time around, fans of League of Legends might want to check out a new line of debit cards that is all set to be unveiled by American Express this coming Wednesday, and these debit cards will boast themes from League of Legends. It is not all meant for cosmetic purposes only, as these cards are said to deliver bonus Riot Points to its holders. Just in case you are wondering what Riot Points are all about, these are not potential cash rebates, but rather, the game’s currency.

Just how will the Riot Points incentive work? Card holders will be gifted 1,000 points just for signing up, and they will get another 1,000 points after depositing the first $20 on the debit card. Following that, additional points will be rewarded with each dollar spent after the first 10 purchases are made, with an additional 10,000 point bonus being “banked in” whenever the card itself is tethered to a direct deposit account.

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    Mobile Payments Startup SumUp Adds Support For American Express Payments In 8 Of Its 10 European Markets

    SumUp Amex

    SumUp, one of the myriad of European mobile card reader startups taking advantage of Square’s continued absence in the region to build out a business, is adding support for American Express. Its mobile card reader system already accepts MasterCard and Visa payments but today the startup said it has signed a deal with American Express to process Amex card payments in all “major regions” in which it operates. Its merchants will be able to start accepting Amex in Q2.

    SumUp now operates in 10 European countries. It confirmed to TechCrunch Amex payments will be supported in eight of its markets initially — namely: Germany, France, the UK, Ireland, Italy, the Netherlands, Spain and Austria. The two markets where negotiations are ongoing, with a view to also adding Amex support in future, are Belgium and Portugal.

    SumUp also confirmed its per-transaction fee remains the same, with no premium for merchants to process Amex. Merchants using SumUp to process a transaction are charged a flat 2.75% per transaction fee.

    With the addition of American Express, SumUp said it will be able to accept “more types of cards in more regions than any other mobile point-of-sale technology provider worldwide”. SumUp Co-founder Stefan Jeschonnek said Amex support is a “big deal” for it, and for the tens of thousands of merchants in Europe who use its technology.  ”SumUp is about enabling small businesses to grow and for our merchants being able to accept card payments from all the major brands is a big deal,” he added.

    Commenting on the tie-up in a statement, Werner Decker, Senior Vice President, American Express, said: “We see SumUp as a smart and convenient way for small businesses to further enable commerce by accepting card payments.”

    SumUp added that American Express will also be included as a payment option in its forthcoming consumer payment app — called SumUp Pay — which it demoed at Finovate Europe last week. The app will allow consumers to link their credit card to it and pre-authorise payments with trusted merchants. The payment process does not involve a physical card reader — rather the buyer’s phone is identified as it enters the store, using geofencing technology, and the merchant can then process the payment when the buyer confirms what they want to order.

    As yet, there’s no confirmed launch date for SumUp pay.

    SumUp’s Amex release follows below.

    SumUp to accept American Express

    SumUp broadens range of payment options for merchants in major European markets

     

    London – 21th February 2013SumUp, the company that enables merchants to take debit and credit card payments with their smartphones, has signed a deal with American Express that will allow it to process American Express card payments in all major regions in which it operates. The deal means that SumUp merchants will soon be able to take payments from American Express Card members.

    In December 2012, SumUp extended its service to merchants giving it a presence in ten European countries.  SumUp’s ability to process American Express payments means that it will accept more types of cards in more regions than any other mobile point-of-sale technology provider worldwide.

    Any small business using SumUp will soon be able to accept card payments from all the major card brands for an affordable and transparent fee and without any monthly costs.

    Daniel Klein, CEO of SumUp, commented: “It’s extremely frustrating for a merchant when they miss out on making a sale because they can’t accept the type of card a customer wants to use. The only person it’s more frustrating for is the customer who goes away empty-handed. That’s why we’re delighted that we will be able to process American Express card payments on behalf of our merchants and to the advantage of American Express’ thriving and deeply loyal customer base.”

    – ENDS –

    About SumUp

    SumUp is the easiest way for small businesses and sole traders to accept credit and debit card payments securely, even on-the-go.

    Using only a free, supremely portable card reader and an app available for iPhone, iPad and Android, artisans, taxi drivers, cafes, restaurants, shops and many other merchants are now able to accept credit and debit card payments anytime, anywhere.

    SumUp only takes a fee of 2.75% per transaction made using the SumUp card reader, meaning that businesses no longer have to worry about additional costs, expensive terminals or high monthly fees. The transaction fee is the same for American Express, Visa and MasterCard. SumUp is Europay, MasterCard, and Visa (EMV) compliant and PCI-DSS certified, ensuring that payments are processed in accordance with the highest security standards.

    The company was founded in 2011 and already has over 140 employees, and major offices in Berlin, London, Dublin, Madrid, Milan and Amsterdam. SumUp has been available in the UK, Germany, Ireland and Austria since August 2012, in the Netherlands, Spain, and Italy since November 2012, and in France, Portugal, and Belgium since December 2012.

    Website: www.sumup.co.uk

    Isis’ NFC payments go live in Austin and Salt Lake City: 3 carriers, 9 phones, 1 long way to go (video)

    Isis' NFC mobile payments go live in Austin and Salt Lake City 3 carriers, 9 devices, 1 long way to go

    To say that the launch of Isis has felt drawn out would be a mild understatement. The alliance first signaled its intentions two years ago, detailed its first markets one year ago and faced a last-minute delay. All the ducks are finally in a row, however, and residents of both Austin as well as Salt Lake City can tap to pay (or score discounts) at the “hundreds” of locations that accept NFC-based purchases through American Express, Capital One, Chase and Isis’ own cash card. Launch day brings app- and SIM-enabled access for nine devices spread rather unevenly across AT&T, T-Mobile and Verizon: only the Droid Incredible 4G LTE is confirmed working for Verizon subscribers, while the rest are divided more equally between multiple Samsung Galaxies and HTC devices like the Amaze 4G and One X. Over 20 phones should be Isis-aware before the end of the year. It’s a potentially strong start to one of the few truly cross-network mobile payment systems in the US, but we see a long road ahead before Isis gives Google Wallet some jitters — there’s legions of banks, cities and stores needed before Isis is widespread, and we’re not counting on that ever-elusive universal hardware support.

    Continue reading Isis’ NFC payments go live in Austin and Salt Lake City: 3 carriers, 9 phones, 1 long way to go (video)

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    Isis’ NFC payments go live in Austin and Salt Lake City: 3 carriers, 9 phones, 1 long way to go (video) originally appeared on Engadget on Mon, 22 Oct 2012 13:36:00 EDT. Please see our terms for use of feeds.

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    Isis Mobile Wallet app for Android surfaces in Google Play, you probably can’t run it

    Isis Mobile Wallet app for Android surfaces in Google Play, you probably can't run it

    Unofficial rumblings have pointed to Isis Mobile Wallet’s trial getting close. If you’ve remained skeptical all the same, we’re pretty sure that seeing Isis’ Android app in Google Play will change your mind. The currently T-Mobile-only software confirms that pilot program members will tie their American Express, Capital One or Chase card (as well as a unique card) to Isis for paying through NFC at stores with a SmartTap terminal. We’re also promised streamlined loyalty cards and coupons. Before anyone rushes to try the app at the local shop, remember that it’s just one piece of the puzzle on top of the special SIM card, one of three NFC-equipped phones and that small matter of living in Austin or Salt Lake City when the service goes live. Having the official app at least lets those who qualify get a head start on what could soon be the only major alternative to Google Wallet in the US.

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    Isis Mobile Wallet app for Android surfaces in Google Play, you probably can’t run it originally appeared on Engadget on Tue, 16 Oct 2012 18:22:00 EDT. Please see our terms for use of feeds.

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    Square competitor Groupon Payments launches today, promises lowest cost for retailers

    Square competitor Groupon Payments launches today, promises lowest cost for retailers

    Popular deal website Groupon is venturing into the world of smart phone-based credit card payments today, launching the Groupon Payments initiative nationwide after a successful pilot program is the San Francisco Bay Area earlier this year. Groupon’s boasting a guaranteed lowest cost pricing to merchants using Groupon Payments for credit card transactions — MasterCard, Visa, and Discover will cost retailers 1.8 percent of credit card sales, plus a $0.15 per transaction fee, while American Express will cost three percent of credit card sales, plus a $0.15 per transaction fee. The biggest competition in the space comes from Square, headed by former Twitter co-founder Jack Dorsey, which charges a flat 2.75 percent rate on all transactions against all cards, though PayPal, Intuit, and Verifone all offer similar services.

    Today’s news matches up directly with leaks we saw back in May, adding on that merchants will see the day’s credit card purchases credited to their bank accounts overnight, rather than waiting two to three business days (per standard practice). Beyond credit card services, Groupon’s Merchants app also accepts Groupon daily deals, which helps elucidate why Groupon would be interested in entering the mobile credit card payments market in the first place (beyond it being a lucrative market unto itself, of course). Interested parties can sign up over on Groupon’s website, and snag the free payments app right here. Finally — finally — you’ll be able to sell all those $10 gift certificates to Chili’s you’ve been hoarding. Perhaps charge $5 a pop for their $10 value and … is this a paradox? This might be a paradox.

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    Square competitor Groupon Payments launches today, promises lowest cost for retailers originally appeared on Engadget on Wed, 19 Sep 2012 11:08:00 EDT. Please see our terms for use of feeds.

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    Google, PayPal, VeriFone and US carriers band together to form Mobile Payments Committee

    Google, PayPal, ISIS and US carriers band together to form Mobile Payments Committee

    There’s little doubt that mobile payments hold a ton of potential for the future of commerce, but without proper direction (and willingness for adoption), the technology remains little more than an impractical curiosity for the majority of consumers. In an effort to define a way forward for the mobile payment industry, a large number of heavy hitters have banded together under the umbrella of the Electronic Transactions Association to form the Mobile Payments Committee. Not only does the group include all four of the top US carriers, but also Google, Isis, VeriFone and PayPal. Add to that financial institutions such as Wells Fargo and Capital One, along with American Express, Discover, MasterCard and Visa, and you’ll quickly realize that this group is playing to win.

    Primary goals of the Mobile Payments Committee include fostering relationships with merchants, ensuring consumer access to modern payment methods, exploring best practices and ensuring interoperability of networks, equipment and financial institutions. The group will also engage in lobbying activities with legislators and regulators, and will additionally work to educate both merchants and consumers about the potential of mobile payments. With so many key players (and competitors) sitting around one big table, what wouldn’t you give to be a fly on the wall during those meetings? For a little extra insight, just hop the break for the full PR.

    Continue reading Google, PayPal, VeriFone and US carriers band together to form Mobile Payments Committee

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    Google, PayPal, VeriFone and US carriers band together to form Mobile Payments Committee originally appeared on Engadget on Thu, 09 Aug 2012 22:53:00 EDT. Please see our terms for use of feeds.

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