Groupon Expands into Credit Card Processing Industry with BreadCrumb

Groupon has struggled somewhat in the last few years, but the company has introduced a new mobile payment processing device that could make an impact on the industry. The product is called BreadCrumb and payments can be processed on smartphones, … Continue reading

Groupon and American Express Invest Millions in European Rival to Square

Groupon and American Express have teamed up to invest millions of Euros into the startup payment processing group, SumUp. SumUp will offer a credit card processing device similar to Square that hooks up to smartphones. Backed by over $20 million … Continue reading

LowCards Weekly Credit Card Update October 12

Wal-Mart and AmEx in Prepaid Card Deal Wal-Mart Stores is taking another leap into the banking world, announcing on Monday a prepaid card and debit account with American Express that will give low-income consumers access to features like smartphone deposits. … Continue reading

Groupon Introduces Credit Card Payment Service

Today, Groupon launched a payment service that enables merchants to accept credit card payments using a card reader attached to an iPhone or iPodTouch. By entering this market, Groupon Payments will take on the two leaders, PayPal and Square. Groupon … Continue reading