This Week in Payments 5-26-14
Intuit Inc., a longtime frenemy of banks, may end up raising the bar for mobile financial services with its latest acquisition. The owner of Quicken, QuickBooks and Mint is buying yet another fintech darling: the mobile bill payment provider Check. The $360 million deal would give Intuit a goldmine of financial data, mobile-centric bill payment capabilities, a team of technologists aspiring to create the go-to financial app for mobile devices and a business that profits off certain consumer transactions. (via PaymentsSource)
A new Trojan that combines elements of the notorious Zeus and Carberp families is targeting hundreds of financial institutions around the world, security researchers are warning. (via Finextra)
Square today launched Square Capital, a program intended to help businesses grow by giving them quick access to funds in a way the company said is easy for merchants to understand.
Square Capital has no application process, and businesses get their money as soon as the next business day, according to a press release. Businesses automatically pay Square as a set percentage of daily card sales, so they pay more when sales are strong and less if things slow down. (via MobilePaymentsToday)
Digital currencies services provider Coinzone has launched a Bitcoin payment gateway. The company worked with financial industry’s legal advisers in order to piece together a solution that will be compliant in a number of international markets. The focus of the company was to create an approach that not only serves well in the current regulatory landscape, but long-term, too. (via The PayPers)
VeriFone and iPayment are partnering on a tablet-based point of sale system to provide small-business owners the types of services more commonly used by larger businesses. (via PaymentsSource)
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