September 2013: The Top Stories in Mobile Payments

September 2013 The Top Stories in Mobile PaymentsHere are some of the top stories in mobile payments that MMW has covered throughout the month of September.

The rumor mill called this one correctly. As sources foreshadowed in recent days, eBay announced today that it has agreed to acquire Braintree, a fast-growing and well-respected global payment platform. The deal is worth a reported $800 million in cash.

From PayAnywhere to Square, there is a handful of well-respected and market leading mobile payments solutions available today to retailers large and small. But while the mobile payments business is booming, the mobile wallet space is struggling to live up to the hype.

Despite the fact that NFC technology and mobile wallets haven’t yet revolutionized the retail and restaurant checkout experience as quickly as anticipated, the mobile credit card reader industry has largely exceeded expectations and continues to impress industry watchers and analysts. Earlier this spring, Symphony EYC published the results of a new survey indicating that Americans and Europeans are ready to embrace mobile interactions as a commonplace component of their food and grocery shopping experience.

Point & Pay has been named to the 2013 Inc. 5000 List of America’s Fastest Growing Companies. Owned and operated by North American Bancard – a formidable titan in the realm of credit card processing and mobile payments – Point & Pay made it’s first appearance on the list this year, which can be viewed here.

Webtrends is out with a new report that highlights how just how powerful PayPal is today in the mobile channel. As it turns out, offering PayPal as a payment option to consumers is impacting no shortage of major mobile trend lines. Online conversions, for example – especially among mobile users – are surging thanks to PayPal.