Tabbedout, the mobile payment solution that enables customers to open, view and pay their bar or restaurant tab with their phone, today announced that Paul Fiore has been named Chief Executive Officer. Fiore brings more than twenty years of executive leadership experience in the technology and financial services industries to Tabbedout. His previous roles include general manager of bank products for prepaid financial services company Green Dot (NYSE: GDOT), vice president of strategy for XP [...]

Tabbedout, the Austin-based mobile payment solution that enables customers to open, view and pay their bar or restaurant tab with their phone, has launched a new feature that allows users to opt-in for Tabbedout Offers—discounts and specials, like a reduced tab — that will automatically appear in the app. Tabbedout chose to launch the beta version of Tabbedout Offers locally because of Austin’s high number of tech-savvy consumers who are regularly on the forefront of [...]

While we have not seen the SEC filing, or an official statement from TabbedOut, TechCrunch is reporting today that TabbedOut has raised an additional $3.7M, perhaps as an extension of their Series A financing. Back in October we wrote about their $2M Series A, which added to their angel financing of $750K brought their total funding to $2.8M. Now with this additional $3.7M, their total financing is up to $6.5M. Today’s story in the Statesman [...]

mobileTech Tuesday, by Steve Guengerich Barely a week into the New Year, the American Dialect Society brushed away any doubt that 2010 was a watershed year for mobile technology by voting “app” the Word of the Year, as reported by NPR and other media outlets. More interesting than the fact that it beat out “nom nom nom,” the cheery affirmation of cookie love by childhood favorite Sesame Street character Cookie Monster, was that the 1998 [...]

TabbedOut, the secure and innovative way to pay your bar or restaurant tab with a smartphone, today announced that the company has secured $2.05 million in funding from New Enterprise Associates, Inc. (NEA) in a Series A round of venture funding. The funding, which follows a $750,000 angel round, brings the company’s financing to $2.8 million in total. The round will be used to extend lighthouse markets onto a national stage, continue to build out [...]

Here in Texas, it’s a downright shootout between location-based-networks. SXSW 2010 brought the big guns with contenders like Gowalla, Foursquare, and Plancast. But, the question remains: who is making money, and how?

Here’s a thought: walk into a bar, order, and pay with your phone. Why not? Japan as an entire nation has been doing it widely for at least the last five years. I know it sounds crazy but it’s time the wild wild West looked beyond what the mobile giants are pedaling today and ask themselves, “Why haven’t we done this yet?”

We’ve already seen a number of mobile payment technologies break onto the scene since the start of 2010, including a few raised right here in Austin, and they are doing more than just introducing new portals to give our money away; they are actually ballooning a market that has the potential to disrupt how we view, value, and spend our hard earned dinero.