0
Mobile & Wireless

Ingenico to supply iPad card readers to Groupon - report

Tuesday 25 September 2012 | 11:31 CET | News
French payment terminal maker Ingenico has won a contract from online coupon company Groupon to provide a mobile payment system, reports Les Echos. According to the paper's sources, the Groupon Payments service presented in the US a few days ago will allow small business holders to turn their iPhone or iPad into a payment terminal. Ingenico provides a white-label plug-in bank card reader and encryption software. Groupon is paid on a commission basis. More deals of this sort may be on the way as Ingenico moves into a space occupied by US start-up Square, founded by Twitter owner Jack Dorsey. Square charges a commission of 2.75 percent. A similar system, PayPal Here, costs over USD 300 for the reader and software, which may be too much for a sole trader. Ingenico is using security as a differentiating factor, planning to introduce a version for smartcards with enhanced security. Systems in the US use magnetic strip cards, that are more vulnerable to fraud. Ingenico also plans to expand its ISMP solution, currently used in Apple Stores to turn iPhones into a chip and wireless card reader. The company has a partnership with Google, whose NFC-enabled Google Wallet could be modified and relaunched given its weak performance so far in the US.

Categories: Mobile & Wireless
Companies: Apple / Google / Groupon / Ingenico / PayPal / Square
Countries: World
::: add a comment
This article is part of dossier

NFC


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






22 Mb/s
average maximum broadband speed that is offered by Tele2 (DSL)
Netherlands  |  2014 Q4

Calendar   /   Industry Events

29 Jan TeliaSonera Q4 2014
29 Jan NEC fiscal Q3
29 Jan NTT Docomo fiscal Q3
29 Jan Nokia Q4 2014
29 Jan Google Q4 2014
29 Jan Rogers Q4 2014
29 Jan Time Warner Cable Q4 2014
29 Jan Broadcom Q4 2014
29 Jan Riverbed Technology Q4 2014
29 Jan JDSU Q4 2014
29 Jan Samsung Electronics Q4 2014
29 Jan Alibaba Q4 2014
29 Jan DSP Group Q4 2014
29 Jan PMC-Sierra Q4 2014
29 Jan Lantronix fiscal Q2
29 Jan Harmonic Q4 2014
29 Jan LG Electronics Q4 2014
29 Jan Aviat Networks fiscal Q2
30 Jan BT fiscal Q3
30 Jan Tele2 Q4 2014
30 Jan Elisa Q4 2014
03 Feb Millicom Q4 2014
03 Feb Vitesse Semiconductor fiscal Q1
03 Feb Ceva Q4 2014
03 Feb Calix Q4 2014
03 Feb Radcom Q4 2014
03 Feb Sharp fiscal Q3
03 Feb Lenovo fiscal Q3
03 Feb Iran Telecoms and IT Global Summit 2015
04 Feb Turk Telekom Q4 2014
::: More Calendar Items