Advertisement

Mobile Card Acceptance App Eschews Plug-In Reader

May 14, 2012

Flint Mobile Inc., a Redwood City, Calif.-based mobile payments company, last week unveiled its first offering enabling small-businesses to accept payments via mobile devices and announced it has closed a $3 million round of Series A financing. The company’s new app, now in beta testing, enables users to accept and process credit-card payments using the camera of a smartphone rather than a plug-in card reader. Also, the app integrates tools that enable a small business’ customers to easily post reviews and recommendations to popular social media channels, which Flint says will generate more repeat business.

“Our first product takes the hassle out of on-the-go credit card processing and provides an easy on-ramp to capitalize on social marketing,” says Greg Goldfarb, co-founder and CEO of Flint Mobile. “Essentially, we are starting to turn credit-card transaction fees into an investment in online customer engagement.”

The company says the cost to process debit cards on the system is 1.95 percent + $0.20 per transaction and 2.95 percent + $0.20 per transaction for credit cards. Flint says it is among the first in the mobile category to offer lower debit card fees.

 Average 3.5 out of 5
 Your Rating:
Your Review:
  

SHAZAM

  • CNP Expo: PSPs on the Rise - May 21, 2013
    Some 150 PSPs are now in operation, including disruptive players like Square that are capturing a target market of young business people who have been overlooked by traditional financial institutions.
  • CNP Expo: Unique Fraud Challenges for Digital Goods Retailers - May 21, 2013
    For digital merchants, turning away legitimate business through fraud prevention measures is riskier to the life of their business than allowing a few fraudulent transactions, but fraud prevention remains a priority, since customer account takeovers and a high volume of fraud can close down a merchant site.
  • ZooZ Nets $2 Million in New Financing - April 25, 2013
    The company said it will use the proceeds of the financing to “add new product functionality, increase traction with retailers, solidify new partnerships, and otherwise build its presence” in the global payments market.
  • PayPal Q1 Revenue Up 20% - April 22, 2013
    PayPal parent eBay reported first-quarter earnings late last week and said payment volume processed by the unit rose 22 percent from the same period a year earlier to $41 billion. Revenue also increased, up 20 percent year-over-year to $1.5 billion.
  • Zipmark Enables Digital Checks - April 18, 2013
    Zipmark, a New York City-based startup enabling businesses that typically accept paper checks to accept e-checks online and via mobile, has partnered with Rearden Commerce to enable B2B online payments.

CNPExpo

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:
* Category:
Company:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here