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PayPal

News stories featuring PayPal:

PayPal volumes grow 29%

July 18th, 2014

PayPal’s total payment volume (TPV) grew 29% with merchant services volume up 35% and on-eBay volume up 13% during the quarter to end June 2014, parent eBay has reported. Revenue grew to US$1.9bn and PayPal gained four million new active accounts to end the quarter up 15% year-on-year at 152m users.

PayPal offers loyalty rewards

July 18th, 2014

PayPal has introduced a rewards program for “our most active and enthusiastic customers who use PayPal online, in store, or on mobile devices”. PayPal Select, which launched in the US this week, will give frequent users “access to our best offers from leading online retailers” and “dibs to be first in line for the amazing PayPal Customer Service team when they have questions” says PayPal’s Gary Marino.

PayPal adds loyalty cards to mobile wallet app

July 15th, 2014

A new version of the PayPal iOS app has been released that enables users to store a wide range of loyalty cards within their mobile wallet. “Link all of your favorite loyalty cards to PayPal…. More

PayPal pays next day

July 11th, 2014

PayPal is piloting Next-Day Settlement (NDS), a new service that cuts the time taken for transfers between a merchant’s PayPal account and their bank account from the usual three or four days to 24 hours. “We’ve been working with our banking partners to optimize processes on both their end and ours so that we can make the 24-hour transfer a reality,” PayPal says.

Two thirds of UK smartphone owners open to the idea of mobile wallets

July 10th, 2014

Two thirds of UK smartphone owners are open to the idea of using a mobile wallet, according to a survey conducted by Marketing Sciences — but most consumers want to use a mobile wallet to… More

Samsung adds Galaxy S5 Mini

July 2nd, 2014

Samsung has unveiled the Galaxy S5 Mini, a compact version of their latest flagship smartphone. LTE models come with NFC, and the device also features Bluetooth 4.0 BLE connectivity as well a fingerprint sensor to provide users with extra security and the ability to verify PayPal payments using their finger. The Galaxy S5 Mini will be available in Russia this month and is expected to roll out globally.

Android L to offer wide range of new features for mobile payments and commerce

June 26th, 2014

The next generation of Android, unveiled at the Google I/O developer conference, will offer mobile payments, banking and commerce providers a wide range of new functions. Android L includes support for BLE’s peripheral mode, tighter… More

PayPal CEO joins Facebook as head of messaging products

June 10th, 2014

PayPal CEO David Marcus is leaving the online payments provider at the end of June to take up a new role at Facebook, as vice president of messaging products — prompting speculation that he will oversee… More

Affirm updates credit scoring

June 10th, 2014

PayPal co-founder Max Levchin has raised US$45m for Affirm, a startup that lets retailers offer a credit option to online shoppers. The company “calculates the risk of borrowers based on a range of personal data including information gleaned from social media profiles as well as the cost of the items being purchased,” the Wall Street Journal reports. “It then determines what rate and structured payment makes sense to offer the customer.”

McDonald’s launches Quick Mac mobile payments in Austria

May 22nd, 2014

McDonald’s Austria is rolling out a new mobile ordering and payments service that lets users place their orders on their mobile device and pay using PayPal, a credit card or a stored value Paybox account…. More

PayPal tests beacons

May 19th, 2014

PayPal Beacon, a mobile payment service that uses Bluetooth Low Energy (BLE) beacons to let shoppers make “hands free” payments, is now undergoing pilot testing in Palo Alto. “We’re trying to make the payments disappear for people who want them to disappear,” Hill Ferguson, PayPal’s chief product officer, told Bloomberg TV. PayPal Beacon is also being pilot tested in Australia, ahead of a wider rollout planned for later this year.

Google Play adds PayPal

May 16th, 2014

Google Play users in 12 countries can now charge the cost of their purchases to their PayPal account. “When you make a purchase on Google Play in these countries, you’ll find PayPal as an option in your Google Wallet; just enter your PayPal account login and you’ll easily be able to make purchases,” Google saysThe company also offers carrier billing in 24 countries.

PayPal takes another look at NFC

April 22nd, 2014

The arrival of host card emulation (HCE) has led to a re-think of online payments giant PayPal’s famously anti-NFC point of view, company president David Marcus has revealed. “I’m moving from being a massive skeptic… More

New EMV framework to support NFC, QR, Bluetooth LE and more

March 6th, 2014

A new tokenization framework being developed by EMVCo for the world’s major payments networks will enable EMV transactions to be made on a mobile phone using the widest possible range of “last inch” technologies— and… More

Samsung unveils Galaxy S5 with NFC, fingerprint verification and PayPal payments

February 24th, 2014

The Galaxy S5, Samsung’s new flagship smartphone, includes biometric security as well as NFC — and can be used to make payments at any merchant that accepts PayPal online or in store. The new finger… More

ABnote to add HCE to TSM platform

February 20th, 2014

Global card manufacturer and NFC service provider ABnote is to integrate SimplyTapp’s host card emulation (HCE) technology into its trusted service manager (TSM) platform, enabling card issuers to deploy cloud-based NFC payments solutions to their… More

Fira de Barcelona to use NFC and QR to speed up food service

February 13th, 2014

Visitors attending events at the Mobile World Congress venue will soon be able to place food orders and make payments using a mobile app, and then check in to restaurants via NFC or QR. They… More

SimplyTapp gets funding for HCE

November 27th, 2013

SimplyTapp, the US startup which created Host Card Emulation, bypassing the need to use a carrier controlled SIM-based secure element in NFC transactions, has raised a Series A funding round led by Lightspeed Venture Partners…. More

Fashion retailer Heidi.com to personalize shopping in flagship store with NFC

November 21st, 2013

Swiss online fashion store Heidi.com is to use NFC to identify shoppers and drive personalized communications between the brand and its customers when it opens its first brick and mortar store in Neuchatel, Switzerland. Consumers… More

Samsung adds NFC tickets and payments to live music events

November 7th, 2013

Music fans attending Galaxy Studio Live, a series of four live gigs sponsored by Samsung UK, are using NFC to store their tickets and make purchases at the venues with a tap of their mobile… More

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