PayPal

The European Commission has prolonged the deadline for a decision on whether to give the go ahead to the UK carrier-led 'Project Oscar' NFC joint venture, Bloomberg reports. The decision will now not be made... More

The online payments provider has partnered with Nokia to introduce an NFC service that allows users to transfer money and to make payments in bars, restaurants and stores. More

Eleven thousand employees have been invited to pilot test the new TMN Wallet, a mobile payments service that enables transactions to be made via NFC, SMS, USSD or QR Codes and runs on any mobile phone. More

A survey of mobile industry executives conducted for Sybase 365 during the Mobile World Congress has found that 81% of respondents believe that NFC will not become a driver of widespread adoption of mobile payments... More

74% of US consumers interested in having a digital wallet would choose their primary bank as their preferred provider, an AlixPartners survey has found, compared with 23% who say they would pick PayPal and 15% who... More

PayPal is to demonstrate a new digital wallet solution at the SXSW event in Austin, Texas this week. The new wallet is designed to work across multiple devices, including mobile phones and, the online payments... More

POS maker VeriFone has unveiled Paymedia Universal Acceptance Platform (UAP), a new platform designed to make it easy for mobile network operators and other mobile wallet providers to enable merchants to support their NFC payments, couponing... More

PayPal is planning to offer merchants who adopt its in-store mobile payments service both lower costs and access to more detailed customer data, according to a Reuters news report. Reuters interviewed Don Kingsborough, PayPal's head of retail... More

Online payments giant PayPal has signed a deal with Ingenico that will see its mobile payments technology integrated into the POS terminal maker's new and legacy contactless acceptance devices. PayPal is now also working with AJB Software Design,... More

Home Depot has become the first US retailer to test PayPal's mobile payments solutions in-store. The trial is taking place at five stores and involves "a small number" of employees, says PayPal. Employees can pay for... More

VeriFone has completed its €600m acquisition of Point International, northern Europe's largest provider of payment and gateway services and solutions for retailers and a supplier to PayPal's NFC trial in Stockholm. Point provides point-of-sale technology... More

23% of US consumers are now "very willing" to use their mobile phone as a wallet, a KPMG survey has found, but many consumers are still expressing privacy and security concerns. More

"Over the next few months we'll be testing many different proximity payments technologies (including NFC) and exploring numerous partnership opportunities," says the online payments giant. More

The mobile banking platform provider will use $18m of new funding for "the development of new payments-related mobile products and services targeted at financial institutions and mobile network operators." More

The handset maker's lead delegate to the NFC Forum and its head of NFC business development for the Americas have now left the company. The UK-based VP of industry collaborations will leave at the end of December. More

Dickson Chu, the high profile head of digital networks at Google Wallet financial services partner Citi, has left the banking group to head up a new merchant solutions division at local deals provider LivingSocial. In... More

"2016 will mark the real start of money's digital switchover in the UK," says the boss of PayPal UK. "Children born today will become the UK's first 'cashless generation'. It will be completely natural for them to pay by mobile." More

VeriFone has acquired electronic payments specialist Point International from Nordic Capital for €600m (US$812m) as the POS terminal maker accelerates its transition to a managed services revenue model. Stockholm-based Point provides a range of services... More

NFC-based peer-to-peer payments are now included in the PayPal Mobile App for Android which is now available to download from Android Market. More

NFC-enabled mobile wallet solutions will become US consumers' dominant mobile payments option for retail purchases while digital wallet applications will be most popular for mobile ecommerce payments, according to a new report from Parks Associates. More