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Read More »Shazam Announces Network-Wide Availability of Mobile Acceptance Including PIN Debit
The Shazam electronic funds transfer network on Wednesday announced it is making available across its network a mobile-payments service that lets stores, tradesmen, and other merchants accept PIN-debit transactions as well as credit and signature-debit payments. With the rollout, the service is available to nearly 1,500 member financial institutions and …
Read More »PayPal’s Home Depot POS Pilot Set to Expand to 51 Stores, eBay Chief Says
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 »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 »PayPal Boss Thompson Decamps for Yahoo Just As Key POS Strategy Unfolds
PayPal Inc. on Wednesday lost its top executive just as the e-commerce processing giant has embarked on an ambitious strategy to handle transactions for brick-and-mortar stores. The departure of Scott Thompson, who has been PayPal’s president since 2008, also represents the second loss of a key executive at PayPal in …
Read More »PayPal Runs a Brief Test in Sweden to Check out Cloud-Based NFC for POS Payments
In a move that could be seen as a precursor to mobile in-store payments using so-called cloud-based near-field communication (NFC), PayPal Inc. is testing an app that works with contactless stickers to allow consumers to access their PayPal accounts. The test, which is taking place at two stores in Stockholm, …
Read More »Dwolla’s New Instant Service Offers Immediate Cash For Impulse Purchases
Dwolla Corp. on Thursday unveiled a credit option it hopes will appeal to users who want faster funds availability for spot or impulse purchases. The option, known as “Instant,” is available now and allows users to borrow up to $500 that they can use right away rather than waiting two …
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