- Associated Press - Wednesday, September 19, 2012

NEW MARKET: Groupon Inc. launched a payment service Wednesday that allows businesses to accept credit cards using an iPhone or iPod Touch. It’s the latest company to enter the growing mobile payments market.

STOCK UP: The announcement sent the online deal’s company’s beaten-down stock up more than 12 percent. Shares have still lost three-quarters of their value this year.

MEANT FOR CUSTOMERS: Groupon Payments is aimed mainly at businesses that offer deals through Groupon, though they can use the system to process any credit card transaction. A test program allows other merchants to use the service, but at higher rates.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide