The three product lines refer to Internet-based product lines for payment, financing, and investment, which include a series of Internet financial products such as "ICBC e-pay," "Easy loan," "Online loan helper," "ICBC e-investment," and "ICBC e-payment".
Jeschonnek says that the Groupon investment, for now, is only financial, it seems obvious that at some point Groupon could either tap into SumUp's own products for mobile payments (which would include all the tricky licensing for operating such services in Europe), or use SumUp's backend to run its own products.
Moreover, given the pharmaceutical industry's dependence on university research, universities will likely continue to license their patent stakes in medical products for cash payments and royalties.
In a Google blog post, Vice President of Product Management for Payments Pali Bhat described this as more of a rebranding than a change to the underlying products or technology.
So, it was with great surprise and dismay when we discovered that one of our employees may have posted a number of queries on the Amazon Mechanical Turk website inviting users to post positive reviews of Belkin products in exchange for payment.
"P2P mobile payments and mobile wallets are a great way to enable digital financial inclusion in these developing countries," said Smrithi Konanur, a Global Product Manager for Payments, Web and Mobile at HPE Data Security.
As Google's VP of Product Management for Payments, Pali Bhat, told me, the team really wanted to make it extremely easy to get started with Google Pay and use the service to pay for goods online and in the real world — and to do so with as little friction as possible.
Mr. Li sold the products for $20 to $1,200, accepting payments by Western Union and MoneyGram, according to government documents.
BLOOMBERG NEWS Square Executive Heads to Kleiner Perkins | Megan Quinn, formerly the head of products for the mobile payments company Square, is joining Kleiner Perkins Caufield & Byers as the venture capital firm faces a sex discrimination lawsuit from a female partner, Fortunes reports.
This may also explain why many card issuers are trying to develop specific card products for small value payments (e.g. store-value-cards or pay-as-you-go cards).
