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San Jose, Calif.-based PayPal Inc. later this week will expand its five-store point-of-sale payments pilot with Home Depot to 51 stores, chiefly in the San Francisco Bay area, according to John Donahoe, chief executive of eBay Inc., PayPal’s parent company, and interim president of PayPal. Speaking during a fourth-quarter conference …
Read More »Marching to the Point of Sale, PayPal Strikes Its First Terminal Agreement
n Ingenico has been piloting PayPal acceptance for six months, Greg Burch, director of business development at the terminal vendor, tells Digital Transactions News. Burch refuses to name the merchant involved in the pilot, but news emerged last week that Home Depot, which uses Ingenico devices, is testing PayPal …
Read More »PayPal Says It Did $4 Billion in Mobile Volume in 2011, Projects $7 Billion for This Year
PayPal Inc. on Wednesday projected its mobile-payments volume this year will reach $7 billion, nearly doubling the $4 billion it now says its mobile service processed in 2011. The final number for last year came in significantly higher than the $3.5 billion PayPal was estimating late in the year and …
Read More »Virtual Currencies Not Yet Ready for Prime Time, Though Facebook Credits Could Be Close
The Internet, especially through online gaming and social networks, has spawned a number of new electronic currencies. Are any of these ready to make the leap into general usage, the way dollars and pounds and euros and yen are today? That was the fascinating question raised this week at a …
Read More »An FTC Settlement Highlights Regulators’ Concerns with Third-Party Risk
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Read More »Intuit Plants GoPayment’s Flag in Canada and Upgrades Its Card Reader
Intuit Inc. plans to export its GoPayment service to Canada in the next few months, beating out rival Square Inc. as both companies prepare for international expansion of their smart-phone-based payment services aimed at the smallest of merchants. Intuit also is rolling out a new card reader for mobile devices, …
Read More »Home Depot Is a Good Start for PayPal’s POS Ambitions, But Much Work Likely Remains
PayPal Inc.’s pilot in five Home Depot stores, which the payments processor announced on Friday, represents the start of a major push by PayPal to the point of sale at major merchants. But allowing for a completely new payment method in a physical store, in this case one that has …
Read More »Global Payments Set To Buy CyberSource’s U.S. Merchant File From Visa
Confirming its earlier signals that it does not want to be a direct U.S. merchant acquirer, at least not yet, Visa Inc. plans to sell its portfolio of just over 9,000 U.S. e-commerce merchants to merchant processor Global Payments Inc. within the next two months. Atlanta-based Global divulged the …
Read More »It Did Turn Out To Be a Very Merry Christmas Online for Merchant Processors
The strong increases in online payment transactions noticed by merchant acquirers and others in November continued through the entire holiday shopping season, according to recently released data. Leading e-commerce acquirer Chase Paymentech reported on Thursday that its Cyber Holiday Pulse Index recorded nearly 360 million transactions valued at approximately $14.5 …
Read More »Acquirers, Small Merchants See More Risk-Reduction Value in PCI, Survey Shows
The 7-year-old Payment Card Industry data-security standard (PCI) is proving its effectiveness in preventing data breaches among small merchants, according to a survey of payments-industry acquirers set to be released next week. The survey, cosponsored by ControlScan Inc., an Alpharetta, Ga.-based vendor of PCI-compliance solutions, and the Merchant Acquirers’ Committee, …
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