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PayPal

News stories featuring PayPal:

PayPal buys money transfer provider Xoom

July 2nd, 2015

PayPal has bought digital money transfer provider Xoom for about US$890m. “Xoom is a leader in international remittances, enabling customers in the US to send money to, and pay bills for, family and friends around the world in a secure, fast and cost-effective way using their mobile phones, tablets or computers,” PayPal says.

PayPal set to float on 17 July

June 29th, 2015

Ebay’s board of directors has approved the completion of the separation of eBay and PayPal into two independent publicly traded companies. The split is expected to take place on 17 July 2015 and “will occur through a pro rata distribution of all of the stock of eBay’s subsidiary PayPal to eBay stockholders,” the company says. “Immediately following the distribution, PayPal will be an independent, publicly traded company.”

Twin Peaks offers mobile payments with MyCheck

June 19th, 2015

US sports bar chain Twin Peaks will offer mobile payments through an integration with MyCheck at its locations in August. “The new Twin Peaks mobile app will allow customers to view, split and pay their bill using Apple Pay, PayPal, Google Wallet, debit or credit cards, order additional menu items and access exclusive rewards and special offers only redeemable in the app,” MyCheck says.

Almost one in six US consumers are using mobile wallets

June 17th, 2015

Almost one in six US consumers (15%) have used a mobile wallet in the past six months, up from 9% in the same period in 2013, and an additional 22% are likely to adopt mobile… More

Bookatable to roll out Pay-At-Table

June 9th, 2015

UK online restaurant booking service Bookatable has integrated MyCheck mobile payments into its mobile app and will add pay-at-table functionality to more than 500 locations this summer, starting with Thai restaurant Busaba Eathai in London. Users will be able to find restaurants with Pay-At-Table technology and pay for the entire bill or split the amount with others via PayPal or a registered card on a MyCheck account.

Braintree integrates Android Pay into v.zero SDK

May 29th, 2015

PayPal-owned payment processor Braintree has integrated support for Android Pay into its v.zero SDK to make it easier for merchants to add support for the payment solution as a checkout option inside their Android apps. “We’ve connected with Android Pay on our back end to reduce the number of API calls and provide a streamlined payment flow,” the company says. The SDK already supports debit and credit card payments, PayPal, Venmo, Apple Pay and Bitcoin.

PayPal adds Touch ID to iOS app

May 27th, 2015

PayPal is letting its iOS mobile app users log in and access “virtually any part” of their PayPal wallet using Apple’s Touch ID. “When you log in to the latest PayPal app on a Touch ID-enabled iOS device, you’ll be asked if you want to enable Touch ID,” PayPal explains. “After a quick setup, simply use your fingerprint to log in and view your account, send money to friends, or access your digital wallet.”

One in four UK consumers influenced by in-store payment methods

May 22nd, 2015

More than one in four UK consumers are more likely to shop somewhere if it offers a greater range of — and more innovative — payment methods, a survey conducted for Sage Pay has revealed…. More

Sekur.me brings Apple Pay online

May 20th, 2015

Online authentication provider Sekur.me has made it possible for merchants to accept Apple Pay for online payments for the first time, via a Universal Buy Button that works with a wide range of platforms and gateways, browsers and on both Android and iOS devices. “Sekur.Me can work with payment methods like Apple Pay or directly with any payment gateway, with PayPal and Google Wallet support in the works,” says CEO Jack Bicer. Apple Pay has previously only been available for in-store and in-app payments.

Amazon’s Gauthier: NFC is “last century’s problem”

May 19th, 2015

“Anyone working on NFC is focusing on last century’s problem,” Patrick Gauthier, the new vice president of payments at Amazon, has told Mashable in an interview in which he also indicates that he believes competitors in the mobile payments space — including Apple and Google — have “lost sight of what it is we’re here to do.” Until January, Gauthier headed up emerging retail services at PayPal, a company once anti-NFC which now appears to have changed its mind about the technology.  

PayPal begins piloting NFC and records 40% growth in mobile payments

April 27th, 2015

Online payments giant PayPal has revealed it is again testing NFC, though the company’s president has made clear that he’d like the company’s platform to be technology agnostic and he doesn’t see the long-term success… More

Apple Pay is top choice among US consumers as mobile payment security concerns fade

April 22nd, 2015

Apple Pay has become the top choice of services among US consumers planning on using mobile payments in the next 90 days, a survey conducted by 451 Research has found — and consumers increasingly think mobile payments are more secure than credit cards. More

Ebay outlines terms of PayPal split

April 10th, 2015

eBay will be prevented from setting up its own payments company when it spins off PayPal to operate as a standalone business later this year, an SEC filing has revealed. An operating agreement which will remain in effect for six years will allow eBay to offer customers alternative payment providers as long as the company ensures that roughly 80% of its sales continue to be routed through PayPal.

PayPal explains why it’s buying mobile wallet provider Paydiant

March 20th, 2015

“What Paydiant has is a clarity of focus on mobile and how large merchants need to utilise mobile to connect with their customers — they’re a small company doing that very successfully with some really… More

Facebook rolls out payments with Messenger app

March 18th, 2015

Facebook users in the US will soon be able to make and receive secure mobile payments for free via the social network’s Messenger app. The service is rolling out “over the coming months”, Facebook says…. More

PayPal readies contactless reader

March 2nd, 2015

PayPal is preparing to launch a new version of its PayPal Here card reader that can handle transactions with contactless cards and NFC devices. “Just like the current PayPal Here Chip and PIN reader, it… More

PayPal to buy MCX supplier Paydiant

March 2nd, 2015

Paypal is to acquire Paydiant, a white label mobile payments specialist and developer of a platform that allows retailers to incorporate payment, loyalty and offers functionality into their own apps. Paydiant also provides the mobile… More

Shell UK picks PayPal for mobile payments at the pump

February 10th, 2015

Oil and gas company Shell has partnered with PayPal to roll out mobile payments at the pump across the “vast majority” of its 1,000 service stations in the UK. The move follows a successful trial… More

PayPal curtails in-store ambitions

February 4th, 2015

The team working on PayPals move into in-store payments has been among the hardest hit by layoffs across parent Ebay Incs three divisions, Re/code reports, adding that “PayPal’s in-store initiatives, which includes mobile payments and a credit card reader called PayPal Here, have largely been viewed as big disappointments inside the company.  Don Kingsborough, PayPals head of retail and prepaid products, has also left the company, Re/Code adds.

MasterCard moves towards MasterPass tokenization

February 3rd, 2015

MasterCard is to incorporate tokenization technology into its MasterPass digital wallet in the near future, CEO Ajay Banga has told analysts during the payment network’s 2014 year end earnings call. “We are very focused on… More

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