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Beta Boston: Mobile payments tech firm Paydiant expands with new HQ in Newton

 

Paydiant, which provides technology for mobile payments at retailers including Subway, has moved its headquarters from Wellesley to a larger space in Newton to allow for more hiring and better demonstration of its technology.

The new headquarters will include a “consumer experience lab” that offers an interactive demonstration of its mobile wallet technology to retailers. The lab will also be used to conduct testing with consumers, the firm said.

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PRESS RELEASE - Paydiant Relocates and Expands to Meet Accelerated Growth

New Riverside Center location doubles space; aids recruitment efforts; adds state-of-the-art consumer experience lab for mobile commerce

Newton, MA – August 27, 2014 — Paydiant, provider of a white-label mobile wallet solution for many of the world’s largest retailers and banks, has moved into new headquarters at Riverside Center, 275 Grove Street in Newton, MA.  The new location doubles the company’s office space and includes a state-of-the-art consumer experience lab for mobile commerce.  The company expects the new location, situated right next door to the Riverside MBTA station and less than a mile from the commuter rail line, to help it meet its anticipated employee growth, with most of those additions expected to come in engineering, professional services and customer technical support.

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Payments Source: Banks Can Use Mobile to Regain the Payments Advantage

Between record low net interest margins on credit card portfolios, continued downward pressure on debit card interchange rates, industrial-grade fraudsters, and anemic consumer spending, the ability for banks to profit from their payments businesses has never been more challenging. 

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NFC World: CU Wallet signs up 65 credit unions for QR mobile payments

CU Wallet, a mobile payments platform developed for US credit unions and majority owned by its cooperative members, has been adopted by 65 credit unions with a combined total of more than seven million customers, the company reports.

The platform will enable credit unions to offer QR code-based mobile payments services to members on a white-label basis. Suppliers include PaydiantDoubleBeam and CheckAlt.

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Global Banking & Finance Review: Mobile Payments - Let Battle Commence

The stage is set for an almighty scrap.

With the value of global mobile payments accelerating from $235 billion in 2013 to $325 billion this year (according to Gartner), new and existing players are redoubling their efforts to carve out a role for themselves.

And as market observers have spotted, this particular gold rush has a characteristic never before displayed.  There are not just two, three or four different industries in competition, but six.  Financial institutions (including banks), retailers like Amazon and many others, wireless network operators, traditional payment service providers and mobile rivals are all busily creating platforms, devising apps and gathering customers in preparation for a sustained battle for supremacy.

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