Braintree targets European commerce apps with a streamlined sign-up, free transactions


Braintree already does a lot of overseas business in mobile and online payments, but it’s taking a particular interest in Europe these days. While speaking at The Web Summit in Dublin Wednesday, Braintree CEO Bill Ready announced a program that only requires a developer to submit an email address, website URL and a brief description of their business to get hooked into Braintree and PayPal’s payment processing systems.

The new streamlined sign-up process will presumably make its way to Braintree’s other markets, but it’s starting in Europe. Ready also promised European developers that it would handle the first $50,000 in transactions for free – whatever that works out to be in their local currency.

Braintree, which is now the developer arm of PayPal, is trying to drum up more business for its new SDK, a kind of payments system-in-a-box that can get any app developer or online…

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Square hits its magic number: 1 billion credit card payments processed


Jack Dorsey had something to be proud of when he took to Twitter this afternoon. Square processed it 1 billionth card transaction on Wednesday. The honor goes to a merchant in Sacramento, CA, according to Dorsey’s tweet.

One billion is certainly a milestone after only five years in business, but in the grand scheme of the financial industry it’s still pretty small potatoes. In comparison, PayPal processes nearly 10 million transactions a day, meaning its handling Square’s entire historical volume at least three times a year.

But Dorsey would probably be the first to tell you Square is just getting started. It’s expanding from the small mobile business owner to larger brick-and-mortar retail locations from multi-register stores to restaurants

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Thanks to Apple Pay, Google Wallet NFC use is growing fast. That’s a good thing


A rising tide lifts all boats, as they say, and that’s exactly what appears to be happening in the U.S. contact-less payments space. Now that iPhone 6 and 6 Plus owners are using Apple Pay for the first time, the use of Google Wallet is on the rise.

Apple CEO Tim Cook introduces Apple Pay.  (Photo by Justin Sullivan/Getty Images) Apple CEO Tim Cook introduces Apple Pay. (Photo by Justin Sullivan/Getty Images)

ArsTechnica has a source that indicates the number Google Wallet payment transactions are up 50 percent of late, while the number of new users has doubled in the month — which, not so coincidentally, is the same time period that [company]Apple[/company] Pay has been available.

Why the big boost in [company]Google[/company] Wallet users making payment with their NFC-enabled phones? Marketing of Apple Pay and general awareness of the feature in many Android phones are the likely culprits. It also helps that the exact same point-of-sale terminals are used for contact-less payments

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Now Windows Phone has a digital wallet that works where Apple Pay does


Apple Pay may be dominating the mobile wallet headlines, but now Windows Phone users can start making wireless payments at NFC retail terminals. Check out the Windows Phone store and you’ll find the Softcard app, which enables tap-to-pay at the same 200,000 places that new iPhone owners are using for payments.

softcard windows phone

Obviously, you’ll need a Windows Phone handset with an NFC chip and enhanced SIM card inside, and the software also requires [company]Microsoft[/company] Windows Phone 8.1 to be installed on your phone. If you have both of those, you’re all set to use the Softcard app. The app works more like [company]Google[/company] Wallet than [company]Apple[/company] Pay: Without a fingerprint reader available, Software uses a PIN to unlock your digital wallet. Once unlocked, you simply tap your Windows Phone to the NFC payment terminal to complete a transaction.

Windows Central notes that unlike Apple Pay — at least for now — the…

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The Business Model Canvas Gets Even Better – Value Proposition Design

Steve Blank

Product/Market fit now has its own book. Alexander Osterwalder wrote it. Buy it.


The Lean Startup process builds new ventures more efficiently. It has three parts: a business model canvas to frame hypotheses, customer development to get out of the building to test those hypotheses and agile engineering to build minimum viable products.

This week the author of the business model canvas, my friend Alexander Osterwalder, launched his new book Value Proposition Design, the sequel to his million copy best seller, Business Model Generation.

His new book does three things:
1. Introduces the Value Proposition Canvas
2. Tells you how to design new ventures with it
3. Teaches you how to use Customer Development to test it.

Value Proposition Design is a “must have” for anyone creating a new venture. It captures the core issues around understanding and finding  customer problems and designing and validating potential solutions.

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Apple Pay setup step-by-step: It’s unsurprisingly easy and fast


Now that iOS 8.1 is available, it’s time to spend more money using Apple Pay. After updating my iPhone 6 software, I went into Passbook to set up Apple Pay, just as I did with Google Wallet back in 2011. While the overall setup is similar, the Apple Pay process is slight bit faster, mainly because of Apple’s relationships with banks and credit card issuers.

apple pay AMEX

I set up two cards in [company]Apple[/company] Pay and the first was certainly the easiest. That’s because Apple Pay asks if you want add the credit card Apple has on file for iTunes purchases. I said yes to this option and the app asked for my American Express card security code. Apple has all the other information so there’s no need to enter it; the security code is simply for verification.

After entering it, Apple Pay quickly said the card was ready to use. Tapping…

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Apple Pay will go live Monday; new iPad will get support for online payments


Apple’s new smartphone payment service Apple Pay will go live on Monday, allowing iPhone 6 and 6 Plus users to make a credit or debit card transaction at 220,000 check-out terminals around the country with a wave of the handset. But Apple Pay won’t just be confined to the new iPhones and forthcoming Apple Watch. The new iPad announced on Thursday will be able to make online transactions linked to Apple Pay, though it won’t be able to make in-store payments.

At its iPad event on Thursday (see our live blog here) [company]Apple[/company] provided a quick update on Apple Pay’s status, announcing its launch date and that 500 more banks. The support of card-issuers is crucial to the payment platform’s success since it means consumers will be able to plug the cards they already have into Apple Pay instead of working with specific banking partners.

Apple Pay won’t just…

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Leaked Apple Pay docs show a digital wallet holding 8 credit cards and close bank integration


Training materials leaked to 9to5Mac are giving us our first look at what will likely be the final shape of Apple Pay. While the images don’t reveal any surprises, they do show some interesting details about the iPhone 6 and 6 Plus payment system, including the ability to host eight different credit or debit cards in Passpoint and close ties to the banks behind those cards.

Source: 9to5Mac Source: 9to5Mac

The materials are intended to bring [company]Apple[/company] Store employees up to speed on the payment platforms capabilities, according to 9to5Mac, but Apple also seems to be preparing retail chains for the service as well. Over the weekend MacRumors got hold of a Walgreens memo preparing employees for an Oct. 18 launch of Apple Pay. We’ll likely get more details at Apple’s launch event scheduled for Thursday.

Source: 9to5Mac Source: 9to5Mac

The training materials show multiple images of Apple Pay-related screens in Passpoint and settings…

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