Jan 25
Apple is building a comprehensive mobile payments system that would turn iPhones and iPads into ubiquitous credit card replacements, sources familiar with the scheme claim, taking on Google, PayPal, Square, … Continue reading
Jan 22
It seems almost ridiculous that people have to pay others just to use their own money, but that is how the world currently turns. T-Mobile, however, is of a different … Continue reading
Dec 16
A couple of Italian newspapers are reporting that Amazon acquired a mobile payment startup, Gopago, something reportedly taking place amidst work on an “ambitious project”. What this project is wasn’t detailed, but it reportedly is the basis for Amazon’s interest in Gopago — namely, in the startup’s technology. Amazon and Gopago haven’t announced the business […]
Dec 11
Square Acquires Evenly, A Venmo Competitor For Sending And Receiving Payments With Friends
Posted in: Today's Chili
Square has just announced that it has acquired Evenly, a company that was built to make it easy for friends to send and receive payments for splitting bills and other expenses. The company was founded in 2012, and was similar in concept to Venmo, an NYC-based startup that was acquired by Braintree last year.
Evenly offered a mobile app that let people send and receive requests for funds from their contacts list, organized around events and experiences. For each participant in a pool, it would list what a user owed and what they’d already paid, if any, and you could see progress towards the total cost of an event displayed visually, as well as send reminders to all parties involved that they have to pay up. There’s also an activity feed that tracks progress and adds a social element to the bill sharing.
Evenly will remain open and active until January 15, 2014 for existing users, and the team says on its own blog that it will give existing users “plenty of time” to get money out of the app and finish collections. Users can find out more here at an FAQ designed to guide those who will be transitioning off of the service. The app has been removed from the App Store, however, and new user registrations are turned off completely.
On Square’s Engineering blog, the payment company’s Product Engineering Lead Gokul Rajaram says that the Evenly team will be working on “seller initiatives,” and it seems likely this is designed to bring Evenly’s talented five-person engineering and design team into the fold to boost Square Cash and help it continue to ‘square’ off against the now Braintree-owned Venmo and Google Wallet.
Dec 09
Mobile payments provider Square has updated its Square Reader dongle, slimming the card-swipe attachment by 45-percent, and supposedly improving performance to increase the chance of a successful scan first time. The new reader, which will be offered free to businesses using Square to process their credit and debit card transactions, makes use of a custom-designed […]
Dec 08
Square, the service that lets individuals and retailers accept credit card payments on your mobile device with a branded card reader, is set to make an announcement tomorrow (Monday, Dec. 9), but we don’t yet have a solid idea of what it might entail. There are guesses, mind you — as there always are. The […]
Nov 20
There’s a few more pointed features appearing in the digital credit card known as Coin this week, these being shown in conjunction with a note that their initial crowd-funding goal had been met in just 40 minutes, right out the gate. Coin suggests that their funding campaign began at a cool $50,000 and was met […]
Nov 20
Over a year after rumors first surfaced, Google has finally unveiled the Google Wallet Card, a physical debit card that you can use to spend money from your Wallet account. The Mastercard-powered piece of plastic works just like a regular debit card and is available right now.
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Nov 14
Coming off a rather long testing phase, Isis Mobile Wallet has launched nationwide today. The digital wallet service is arriving with support from three of the big four US carriers and basically means users will be able to make mobile payments with their NFC-equipped smartphone. The catch of course, having a supported device and finding […]
Nov 05
T-Mobile increased its customer base in Q3 2013 by more than 1 million, the company announced in its earnings call. This marks the second consecutive quarter in which the mobile carrier has led the industry in customer acquisition. It sold 5.6 million smartphones in the quarter, 15% of which were iPhone sales, and smartphones made […]
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