Groupon — one of the many players out there along with Square, PayPal’s Here and others looking to get a piece of the action in payments services among local merchants — is kicking off a new expansion for its Breadcrumb mobile payment service that it hopes will bring yet more businesses on to its platform: it’s announcing integrations with Verifone and Ingenico, two of the biggest producers of payment terminals used at the point of sale, so that merchants can use these to process card payments instead of dongles attached to their iOS or Android smartphones and tablets.
As with all of Groupon’s other mobile payments services, this is going live only in the U.S. for now.
The move is a somewhat significant departure, but also a coming of full circle, in the mobile payments space. In the past, companies like Verifone have positively butted heads with the likes of…
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A little more state-specific financial regulatory hot water for Square, the hot mobile commerce startup: it has been fined $507,000 by Florida’s Office of Financial Regulation for operating a payment service without a money transmission license. This looks like the second time that a U.S. state financial regulator has gone after the company, after Square was served with a cease and desist order in Illinois in March 2013, also for failing to obtain a license before opening up for operations.
According to the Florida payment order (embedded below), the $507,000 fine covers over two years of operation, from February 2010 to November 2012. “Specifically, the Office finds that Applicant’s existing payment processing services (including Square Register) and stored value/prepaid access card services required a license under Florida law,” the order reads.
Dated July 23 and first noticed by the South Florida Business Journal, the order also notes…
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