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IndustryUpdate
drive-through, dining or delivery USAePay's mobile app gets and an 8 percent expansion in net
transactions. upgrade revenue per transaction.
Square unveils email pay- Los Angeles-based payment gate- Xsolla upgrades platform
ments way operator USAePay released
version 1.3.1 of its mobile payment Sherman Oaks, Calif.-based in-game
Square Inc. launched Square Cash, app. New features of the USAePay payment facilitator Xsolla launched
designed to allow consumers to App, designed exclusively for Mobile PayStation 2.0, a platform
make person-to-person payments Apple Inc. mobile devices, include that integrates into mobile device-
via email. "Customers simply send the addition of a tip line on quick- based games. Xsolla said the new
an email to the person they're pay- payment forms. platform offers enhancements, such
ing, and after the recipient enters as the PayRank algorithm, which
their debit card number, money is Vantiv enjoys double-digit automatically analyzes a player's
directly transferred to their bank growth physical location and payment his-
account," Square said. tory and presents the user with
In its third quarter ending Sept. 30, the most relevant payment methods
Unwired Planet sues 2013, top 10 U.S. acquirer Vantiv available in that location.
Square Inc. reported a revenue increase
of 14 percent, compared with the RESEARCH
Through its Nevada-based subsid- same quarter last year. Vantiv made
iary Unwired Planet LLC, intellec- $532.3 million in the third quarter
tual property firm Unwired Planet of this year, as opposed to $466.7 Slow uptake for NFC
Inc. filed a patent infringement million for the same period in 2012.
complaint against Square in the Vantiv said net revenues for its Market intelligence firm Strategy
U.S. District Court for the District merchant services business rose by Analytics Inc. lowered its global
of Nevada. Unwired Planet alleges 18 percent in the third quarter 2013, outlook for NFC-based mobile pay-
that Square is infringing three of its compared with the corresponding ments due to slower than expected
patents related to location-based 2012 quarter, primarily due to a adoption rates in most nations. In
services and mobile payments. 10 percent increase in transactions its NFC Mobile Payments Forecast
Update: 2013-2017, SAI predicted
about 115 million NFC handset
owners will complete approximate-
ly $48 billion in NFC payments by
2017.
Mobile wallet top five
Javelin Strategy & Research esti-
mated the current U.S. mobile wal-
let market to be valued at over
$4 trillion, with no single player
dominating the field. The 2013 Gang
of Five report analyzed strategies of
Apple, Google Inc., Amazon Inc.,
Facebook Inc. and PayPal Inc., and
compared them to those of tradi-
tional payment networks, financial
institutions and mobile network
operators.
Cyber attackers change
tack
Prolexic Technologies' Q3 2013
Global DDoS Attack Report exposed
a new trend in recent cyber attack
activity. According to Prolexic,
attackers are gravitating to distrib-
uted reflection denial of service
(DrDoS) attacks, which obscure the
source of the attack, while enabling
the bandwidth of intermediary
victims to amplify the size of the
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