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Mobile Payment Processing PartyBetter known for coupons than credit cards, internet discount company Groupon announced a new service to process mobile payments. The company says it will seek to develop a system that charges the “lowest rates in today’s marketplace”.
Visa intends to pave the way for merchant acceptance of EMV credit cards with help from a new data encryption service that launches early next year. According to company spokeswoman Ellen Richey, the payment platform provider intends to offer a point-to-point security solution that scrambles customer data at the terminal, reducing the likelihood of credit card fraud and identity theft.
