Monthly Archives: June 2011

Jack Dorsey’s Square raises US$100m

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Twitter co-founder Jack Dorsey’s technology company Square, which enables e-payments anywhere, has raised US$100m in Series C funding, valuing the company at more than US$1bn.

The marketplace for mobile device payments is beginning to open up and last week Google chairman Eric Schmidt said the market could be worth US$1trn within a few years as various platforms, including near field communications (NFC) and iOS-styled browser payments, make it easier and simpler for people to buy goods and services electronically.

via Jack Dorsey’s Square raises US$100m – Start Ups – Start-Ups | siliconrepublic.com – Ireland’s Technology News Service.

Empty shops become art galleries

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Shoppers popping into the Gregg’s bakery or the Pret a Manger on one of the busiest streets in Leeds may have noticed something strange going on next door.

Instead of the shell left over from the clothes store at 31 Bond Street, which went bust in 2009, they would have found the shop filled with paintings, drawings, photographs and live art.

Full story BBC News – Empty shops become art galleries.

Epay talks of prepaid future – FashionUnited.co.uk

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Epay is urging business’ to demand more from prepaid to drive the industry in broader directions. Speaking at Prepaid 2011 epay MD Paul Bartholomew-Keen predicted a future in which consumers will demand more convenient ways to pay, with the most innovative businesses adapting to steal competitive advantage.

The full story: Epay talks of prepaid future – Fashion – Fashion-news.

Global prepaid markets potential 2011 update

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Global prepaid markets have become an increasingly hot topic especially over the past two years. As the U.S. market matures and becomes crowded, both large incumbent and small emerging players are seeking additional opportunities to maintain sustainable growth over a longer term (or for ways to expand their customer base). At the same time, prepaid cards are growing quickly overseas. This growth includes many large emerging markets where consumers and merchants have traditionally been slow to accept electronic payments. The prepaid industries in those markets are hungry for input including capital, technologies, lessons, and expertise from more advanced markets.

Full article Mercator Advisory Group New Report: Global Prepaid Markets Potential 2011 Update | American Consumer News.

Prepaid early adopters will gain competitive advantage

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epay has urged businesses to demand more from prepaid, driving the industry so that it solves problems across a broad range of sectors.

Speaking at Prepaid 2011 Conference and Expo in London, epay MD Paul Bartholomew-Keen predicted a future in which consumers will demand more convenient ways to pay, with the most innovative businesses adapting to steal competitive advantage.

Full article Prepaid early adopters will gain competitive advantage says epay.

Everything Everywhere, Vodafone and O2 join forces for NFC drive

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Everything Everywhere, Vodafone and Telefónica UK, which owns O2, are launching a joint venture to create a standardised platform and coherent measurement system for mobile contactless payment.

The joint venture, the first of its kind in the UK, will provide a single contact point for advertisers, retailers, media agencies and banks to make it easier to implement mobile commerce services.

via Everything Everywhere, Vodafone and O2 join forces for NFC drive.