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Posts tagged with Pay Pal

PayPal partners with 15 retailers in big offline push

PayPal may already be ubiquitous on the web, but the payments giant has its sights set on much bigger fish offline.

In an effort to bring PayPal purchasing to the masses wherever they shop, the company yesterday announced pacts with 15 major retailers in the United States that will give consumers the ability to pay for their purchases using PayPal.

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Square learns that customer service in the payments space is a tough job

Technology has disrupted a seemingly countless number of industries over the past decade, from advertising to real estate. When looking at the industries grappling with technology-driven change, however, arguably few have been more affected than the multi-trillion dollar payments space.

The advent of mobile phone, and the smartphone in particular, has created significant opportunities, many of which upstarts like Square are trying to exploit.

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Peapod builds virtual grocery store for Chicago commuters

The next time your spouse asks you to pick up the groceries on your way home for work, you won't have to do nearly as much work if your daily commute happens to take you through the State and Lake Station Tunnel in Chicago.

That's because internet grocer Peapod has launched a "virtual grocery store" to the location which lets commuters buy products from brands like Coca-Cola, Procter & Gamble and Kimberly Clark using their mobile phones.

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PayPal targets US SMEs with all-in-one Products tool

PayPal has merged all its payment tools into one service called PayPal Products as it seeks to provide an all-in-one solution for US SMEs.

Following on from the recent launch of PayPal Here, the new product suite allows business customers to access online, in-person and mobile payment tools.

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Video: PayPal shopping showcase

Last week, we visited the PayPal shopping showcase in Tribeca where PayPal had set up a number of vignettes highlighting the future of payment to inspire retailers to looking beyond their current payment options. Since they opened last November, more than one of their future payment methods have become a reality.

We had a chance to talk to Anuj Nayar, Global Director of Communications, about PayPal's new offline strategy, why PayPal Here is ultimately a better solution than Square and how PayPal wants to change the nature of payments.

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Square brings encryption to its card reader

Square, the mobile payment upstart that's combined a credit card-reading dongle with the iPhone and iPad to take on established point-of-sale (POS) payment solutions providers, has been making frequent appearances in the news of late.

From attracting users like the Obama campaign and taxi drivers in New York City to overhauling its mobile app in an effort to drive consumers to local businesses, it appears that Square's $4bn-plus in annual payments processed could be just the tip of the iceberg.

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Is PayPal Here the death knell for Square?

PayPal has taken a page from the Square playbook with today's launch of PayPal Here. This global solution allows small business owners to accept payments via credit card with a PayPal branded triangle shaped reader.

This solution is a long time coming. Square was first launched at LeWeb at the end of 2009  while PayPal were pushing their unsuccessful "bump" product. With more than ten years in the online payments space, PayPal will easily make up for lost time even though Square have had a two year head start on working with merchants in this space (and has recently been backed by Obama).

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Can Barclays take on PayPal in mobile?

eBay's CEO, John Donahoe, believes that digital payments should account for a lot more of the global payments market than they currently do.

One of the big ways he's trying to make that happen is by ensuring his PayPal subsidiary grows its volume in the most promising digital payments space -- mobile. On that front, it appears he's making good progress as quietly, mobile payments have become a multi-billion dollar business for PayPal.

That, for obvious reasons, is probably not what bank executives want to hear. So it's no surprise that banks and other traditional players in the finance and payments markets are getting involved in the most promising digital payments space.

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Barclays launches mobile payment app Pingit

Barclays has launched a money transfer app that allows customers to send and receive cash using just a mobile phone number.

‘Pingit’ is available for Barclays customers today, with a wider roll out to all current account holders at any bank in the UK scheduled for March.

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PayPal trials QR code shop in Singapore subway

PayPal has launched QR code shops in 15 Singapore subway stations, copying a tactic first rolled out by Tesco in South Korea.

The experiment allows commuters to buy Valentines gifts from eight retailers by scanning the QR code on their smartphone.

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Google, Facebook, PayPal and Microsoft join forces to fight phishing

Google, PayPal, Facebook, Yahoo and Microsoft, alongside 10 other leading email, security and financial providers, have formed the technical working group, DMARC, in order to reduce email phishing and spam.

The DMARC, Domain-based Message Authentication, Reporting and Conformance, will create internet standards to improve email senders' authentication practices.

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PayPal launches new mobile payment system in Home Depot

PayPal’s mobile payment system has gone live at 51 Home Depot stores in the US.

The eBay-owned company has also reported that its mobile payment volume reached $4bn in 2011.

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