With Passbook, iPhone 5 Answers Mobile’s ‘Dirty Little Secret’

More data on a faster device means new opportunities for data-heavy hyperlocal developers, which should open up some new innovations by developers. And while the omission of near-field communications may dash the hopes of some who looked for Apple to push into payments, it does not diminish the potential impact of iOS6, the operating system announced in June, and its key feature — Passbook…

Armed With New Funding, LocalBonus Stresses Universality, Convenience

The New York-based company recently closed a $900,000 round of financing, led by Payment Ventures, as well as Actinic Ventures and other angels to compete in the crowded loyalty space. Street Fight caught up with CEO Derek Webster to discuss LocalBonus’s place in the loyalty fray, and to see what the company is planning to do with its new funding…

Groupon Rewards Is a Positive Step, but Challenges Remain

Launching Groupon Rewards is an acknowledgement of the importance of merchants offering rewards programs. As deal networks look to move beyond deep discounting, expect competitors and new entrants to keep innovating in loyalty…