VeriFone, one of the oldest and largest providers of credit card processing systems, has just entered into a very public and very direct confrontation with Square, the new kid in town. In his open letter, VeriFone CEO Doug Bergeron has termed Square’s credit card processing device “a skimming machine” that can be hacked by any reasonable programmer within one hour.
Launch a social media campaign that will build your brand and deliver results in our online Social Media Marketing Boot Camp starting June 7. Speakers include Abigail Cusick (Bravo Digital), Gregory Galant (Sawhorse Media), Alex Leo (Thomson Reuters Digital), Jim Tobin (Ignite Social Media), and many more. Read the reviews. 
Stream Media, a Singapore based mobile payment startup, has announced that it has successfully raised S$1 million in Series A funding from Stream Global and Sintel Innov8. Stream Media flagship product is MoVend, a global platform for mobile in-app transactions.
Reports are making rounds that Apple is planning to include NFC (Near Field Communication) in the upcoming release of iPad 2 and iPhone 5. NFC technology allows devices to communicate with each other, once they are in proximity “i.e. upto 4 inches to each other”. The purpose of this move is to convert iPads and iPhones into electronic wallets or virtual credit cards, thereby allowing customers to just wave their devices near checkout counters and make payments.
By limiting payment options, you are restricting your potential consumer pool. A business that only accepts cash is constraining itself to only consumers with money in their pockets – the same thing applies to the social gaming industry. As a developer, it is important to understand who your gamers are and what type of payment options are available to them.
