Let's examine the evolution of pizza ordering. In the olden days, you went to a pizza parlor to order. Then, phone ordering and delivery popped up. More recently, online ordering willed itself into existence, meaning you didn't have to talk to a person anymore.
The introduction of "Login and Pay with Amazon" on October 8 was a signal that Amazon is getting serious about digital payments at a time when other tech titans, such as Google, Apple, and Facebook, have the potential to become the go-to digital wallet for consumers.
Amazon, however, may be in the best position to take on PayPal. The company offers the unique combination of a large registered customer base, hefty resources at its disposal, and an uncanny willingness to play the long game. … Read more
Owners of Samsung devices now can tap into their PayPal funds to purchase apps, music, and more.
Announcing the new option on Wednesday, PayPal said that Samsung Apps and Samsung Hub customers can choose PayPal to buy apps, music, movies, TV shows, e-books, and games. The option is available to customers in Australia, Italy, France, Germany, Malaysia, Singapore, Spain, and the UK. Support in the US is not here yet, but it is "coming soon," promised PayPal.
Developers also can choose PayPal to get paid. PayPal is now available as a payout option, a quicker process than relying … Read more
MasterCard, Visa, and American Express have teamed up to create a new digital payment technology.
The companies say that their proposed standard would increase the security of payments via Web sites and mobile products by using a digital "token." Armed with a token, consumers wouldn't need to input account numbers for purchases.
So far, the companies haven't decided on a token standard, but they expect the industry to accept one before they move forward. From there, upon attempting to purchase a product on the Web or via mobile devices, a customer would be asked to provide … Read more
eBay is buying another payment provider to join forces with subsidiary PayPal.
The company announced Thursday that it will pay around $800 million in cash for Braintree, a payment platform used by many online and mobile startups. Braintree serves such companies as Airbnb, GitHub, OpenTable, TaskRabbit, and Uber. It also offers a mobile app called Venmo, which lets you send money to other people via your mobile device.
eBay expects Venmo to expand PayPay's mobile payments market, which is already forecast to generate sales of more than $20 billion this year.
After the acquisition is a done deal, Braintree … Read more
One of Madison Avenue's more famous advertisements from the late 1970s noted that when E.F. Hutton talks, people listen. That referred to a famous Wall Street broker of the day. But the same adage might easily apply to Apple, whose product and design decisions have often been signposts for the rest of the tech industry.
Apple is no stranger to being a trendsetter. The company has pioneered a number of tools and features that competitors later made standard, like the CD-ROM drive and the computer mouse. The list extends to 3.5-inch disks, home printers, glass touchscreens, and … Read more
PayPal unveiled another cornerstone in its vision for the future of brick-and-mortar shopping Monday with the Beacon, a low-energy Bluetooth communicator that allows customers to automatically check-in at a store, receive deals and information via notifications, and pay for products without swiping a card or pulling out their smartphone.
Speaking at TechCrunch's Disrupt 2013 conference in San Francisco, PayPal's Vice President of Global Product Hill Ferguson briefly demoed the add-on hardware device, calling it one of the shortest demo in Disrupt history.
"That's no an accident. We designed it that way," he added. The Beacon … Read more
PayPal wants you to ditch your wallet in favor of its mobile payments app, but it knows it can't compete with your credit cards unless it's got something extra -- like promises of discounts and food.
The company released its redesigned mobile payments app on Thursday, boasting $100 worth of in-store deals, more food spots offering the "order ahead and skip the line" feature, and an experimental function that lets you pay for a restaurant bill without flagging down your server.
PayPal has been in the online payments business for more than a decade, but it … Read more
PayPal for Android combines all of the features you use most on the Web with some new ways to pay, specifically added for smartphones. It's the most popular way to pay online for a reason, and this app is a seamless display of everything the service can do. If you buy things online -- or your favorite businesses use it instead of Square -- it's a nearly flawless download.
If you're one of the few people who don't have a PayPal account, you can sign up right from the app. When you sign in, PayPal for … Read more
Facebook is looking to expand its presence in mobile with a new payment feature, according to a new report.
The social network is planning "in the next month or so" to test a mobile-payment service that would allow consumers to pay for products via just their Facebook credentials, All Things Digital reported on Thursday, citing people who claim to have knowledge of its plans.
Facebook's plan is to offer the service to those who have stored credit card information on the social network. Those users can then access e-commerce mobile apps to buy products, and pay for … Read more