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News stories featuring PayPal:

23% of Canadians have made a mobile payment

October 21st, 2014

Almost a quarter of Canadians (23%) have now made a mobile payment in-store with nearly a third (29%) having used their device to make an online purchase, new research from PayPal Canada has found. Nearly half (45%) of the respondents also agreed that Canadians are ready to embrace emerging methods of payments such as conducting a mobile payment via a wearable device.

Apple falls out with PayPal over Samsung deal

October 1st, 2014

PayPal was excluded from the list of Apple Pay preferred partners due to a falling out between the two companies, Bank Innovation reports. The reason? PayPal’s decision to work with Samsung, which has its own mobile wallet ambitions, to deliver fingerprint-secured mobile payments on the Galaxy S5.

Transcript: eBay CEO John Donahoe discusses the future of PayPal as an independent company

September 30th, 2014

“We want PayPal to be present whenever and wherever consumers want to pay so if that means being in other wallets, if that means being in any existing or other new ecosystems where payment occurs, our desire is to be a payments platform that can enable payments in any of those environments,” says eBay’s CEO. More

eBay to spin off PayPal as a separate company in 2015

September 30th, 2014

eBay Inc is to be split into two separate publicly traded companies in 2015, the company has announced — and Dan Schulman, president of American Express’ enterprise growth group, has been hired as the new… More

Samsung and PayPal to offer smartwatch payments

September 23rd, 2014

Samsung is working on a smartwatch that will include biometric verification and support for PayPal payments and location-based offers, reports Business Korea. The device is set to include a fingerprint sensor and could launch at Mobile World Congress 2015.

Mapco adds mobile payments at the pump

August 28th, 2014

Customers of US fuel and convenience store chain Mapco can now pay at the pump with their mobile phone at 276 of the retailer’s stores. “Consumers who download the app can now drive up to the nearest Mapco location, open the app, enter how much they want to pay, and checkout using PayPal,” says Brad Brodigan, ‎VP Retail for North America at PayPal, the exclusive payment option offered by the My Mapco app.

eBay to spin off PayPal?

August 26th, 2014

eBay is considering a spinoff of its payments service PayPal as early as next year, Reuters reports, but details of the move and what structure it could take remain unclear. “The board will continue to assess all alternatives to create that long-term value and to enhance the growth and competitive positions of both eBay and PayPal. This position has not changed,” says eBay spokeswoman Amanda Miller.

Orderella to install NFC tags and Bluetooth beacons in 79 UK pubs and bars

August 26th, 2014

Orderella, the developer of an app that lets customers place drinks orders and make payments from their mobile phone, is to install NFC tags and Bluetooth beacons in all the 79 pubs and bars across… More

PayPal introduces one touch mobile payments

August 21st, 2014

PayPal has launched One Touch, a mobile payments solution that lets consumers make payments in supported apps with a single touch. The service, PayPal says, is the “absolute fastest way to pay on any mobile… More

Zuckerberg: Facebook is working on payments but it will take time to get it right

July 28th, 2014

Facebook is looking into the potential of adding payments capabilities across its business, CEO Mark Zuckerberg has explained during the company’s first earnings call following the hiring of PayPal boss David Marcus to head its… More

Amazon to enter mPOS market?

July 28th, 2014

An Amazon Card Reader will be available from next month costing US$9.99, according to internal documents from office supplies retailer Staples obtained by 9to5Mac. The new product will be located “alongside existing card readers from Square, PayPal, and Staples’ own in-house brand”, the documents show. The Wall Street Journal first revealed in February that Amazon planned to introduce a Kindle Checkout solution this summer.

PayPal goes Dutch on mobile payments

July 28th, 2014

PayPal has partnered with MyOrder, the mobile ordering and payment system backed by the Netherlands’ Rabobank, to let customers “order and pay for food or drinks ahead of arriving at a cafe; to pay at the table in a restaurant without calling over the waiter, or pay for parking without searching for the closest meter”. The service is available at 1,500 physical locations, PayPal says.

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

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