In every market we’ve entered PayPal has changed the game. We did it for online payments in 1998, creating a business from nothing and building it to one with more than $118 billion in total payment volume last year. We were the first major player to enter the mobile space in 2006 and we plan to exceed $7 billion in mobile payment volume this year. And we’re on track to change the game again in offline payments.

"Today's tokenization has failed the payments industry, requiring companies to create homegrown solutions or turn to limited vendor offerings that stifle their ability to effectively secure massive amounts of data across their full client base," said Suni Munshani, CEO of Protegrity. "With this announcement, Protegrity enables processors and gateways to remove their customers' financial, operational and security burden of dealing with toxic PAN data, while scaling across thousands of merchants."

“Customers want options and convenience,” said Brett Pitts, senior vice president at Wells Fargo’s Internet Services Group. “With Send & Receive Money customers can send payments electronically to others without having to know their sensitive financial information, such as bank account numbers. As mobile money transfer becomes more common, remembering multiple account numbers will be harder. Send & Receive Money allows customers to pay another person using information they typically either know or have programmed on their phone.”

Video overview is here. Wells Fargo is the first bank to roll out nationally the clearXchange service for person-to-person payments.

On the web:

• Remittances: Over The Sea And Far Away - The Economist
• Meet Google's New NFC Payment Card, Beba - The Next Web

On the wires:

• NYSE Euronext To Acquire Corpedia Corporation
• U.S. Bank Releases a Cobranded Credit Card App for Android
• GoPayment Uses Geolocation to Help Small Businesses Determine Local Sales Tax
• SelectCore to Offer Third-Party Gift Cards Through Retail Network
• Scoutmob Lands $3.25 million in Financing and First Data 'OfferWise' Integration

“The boom in mobile devices provides a huge opportunity for innovation across all industries – including payments,” said James Anderson, Group Head, Mobile, MasterCard Worldwide. “With nearly 6 billion mobile subscriptions around the world, there is tremendous potential to grow merchant acceptance – it’s imperative that manufacturers, vendors and merchants maintain the highest standards to enable a seamless and secure purchasing experience.”

The guidelines are available for download here.

On the web:

• Target Rolls Out Shopkick Integration Nationwide - TechCrunch
• Consumer Watchdog Plans Limits for Prepaid Debit Cards - NYTimes.com
• Taco Bell, Burger King and Others Eat Up Virtual Currency - ClickZ

On the wires:

• Flash Valet Launches Mobile App-Based Solution for Valet Parking Industry
• Ingenico and Vantiv Partner for EMV, NFC Mobile and Secure Encrypted Payments in U.S. Marketplace

“We’re thrilled to expand our relationship with Zynga and provide an easy way for players to earn Zynga virtual game cash by learning about Serve and signing up to receive the many benefits of our digital wallet,” said Dan Schulman, President of Enterprise Growth, American Express. “As the commerce landscape continues to change, and online and offline spending converges, Serve is focused on partnering with companies like Zynga to create unique value for our customers in the environments they love.”

Intuit estimates that each business that does not accept plastic misses out on approximately $7,000 in sales annually, equating to approximately more than $100 billion in collective lost revenue. This missed opportunity represents a combination of new sales and sales that go to other businesses that accept credit cards.

On the web:

• Barclays Extends Its Mobile Payments Service Pingit To Corporate Clients

On the wires:

• AJB Guides Petroleum Merchants with EMV Payments
• Restaurants Unlimited Selects CashStar for Digital Gifting
• CSG International Launches New Version of Singleview Charging and Billing Solution
• New Mercator Report on Debit Divergence in Brazil and India

“We recognize that this next step toward a world beyond cash has raised a number of questions among our customers from baseline standards to timelines and implications,” said Chris McWilton, president, U.S. Markets, MasterCard. “Industry collaboration has proven to be critical to the successful migration to EMV in other parts of the world. It’s our goal to bring the industry together in an objective forum. This will continue to move the U.S. forward and allow all to gain the maximum advantage from the upgrade to EMV.”

On the web:

• Poland is on the Road towards Cashless one Ride at a Time - MasterCard Blog
• Inside Apple's Secret Plan To Kill The Cash Register - Computerworld
• Cramming And Bill-To-Mobile Payments: Managing The Risk - Portals and Rails

On the wires:

• $10 Billion in Mobile Deposits Enabled By Mitek
• Catalina Brings Deeper Insight and More Efficiency to Online Advertising with the Introduction of Catalina BuyerVision

“Our partnership with C-SAM offers telcos in the region a NFC solution that comes pre-packaged with prepaid instance issuance, TSM integration and coupon redemption at the point of sale and offers a path to a truly multichannel payment wallet through PayPass Wallet Services,” said Raj Dhamodharan, Regional Head of Mobile and Ecommerce for Asia Pacific, Middle East & Africa for MasterCard.