I am CEO of Tillify.com. Square and Paypal are doing a brilliant job of bringing so much attention to this market. At the moment small merchants are flocking for these services as up until now it has been a difficult complex process to set-up card acceptance for business owners.

There is no doubt they are attracting a lot of business and attention. This is good news for the slow-to-respond retail market. As Nick from vend said the wallet/card case app is a great inovation that can bring real rewards to small merchants.

That said the high street market is diverse and whilst Paypal and Square headline the show their will be many new start-ups like Tillify that card niches's in this field. We are working on some super cool apps for retail that like square will bring real changes to the high street.

This innovation is going to bring business from the web back to local street stores and restaurants. This will fuel a new wave of small business better equipt'd to trade in the new commerce platform that is emerging.

Something that is much needed in our towns and cities.

Interesting. I'd like to know a bit more about its security features and which companies would get a hold of this system.

Some issuers have already begun this migration. Chase has already issued cards with an EMV chip for it's British Airways cobranded card.

If the Goverment is trying to introduce regulation to online payments especially on the risk department, maybe some good news against fraudulent consumers

Looks like NFC is gradually emerging as the new payment channel most likely to succeed. It will be interesting to see whether consumers are as keen on it as the banks and phone operators.

Perhpas VISA will surprise me, but I don't see this going very far.

Taggo today announced the launch of its patent pending technology that empowers brands the capability to identify and reward fans of Facebook Pages in the real physical world. This allows brands to launch promotions on their Facebook Pages which can be executed immediately at a physical venue. At the same time, brands can launch in-store promotions to turn customers into fans.

I run a company in mexico specially created for unbanked people, they just upload their catalog of products and people can prepaid and search for small merchants by email. the service now is in private beta but we'll be launching the system for all mexican people leaving in rural areas , in order to sell their handcraft directly. also balances wont require traditional banking accounts, just a prepaid made in one of corresponsal stores.

It is great to see companies trying to make it easier for consumers to pay for goods online. Game's experiment will be watched closely by other retailers and hopefully be welcomed by their customers. This is an exciting time for the entire payments industry.

looks like anothe giant enters the payment world

I agree that the document is a good start, but I think the last section could be problematic - specifically, the guidelines state that tokens that can be used for a transaction can be in scope for PCI DSS, even if the tokens can’t directly be used to retrieve PAN or other cardholder data. For solutions which support these types of tokens, the guidelines state that there must be additional controls in place to detect and prevent fraudulent transactions. This is where I feel the Council’s document fell short…when they introduced this concept that tokens may potentially be back in scope without providing guidance as to how to keep them out of scope. I wrote more about this on my blog. You can check it out at http://merchantlinksecuritycents.com/2011/08/can-tokens-be-out-of-scope-pci-council-releases-guidance/.