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... More
PayPal
PayPal explains why it’s buying mobile wallet provider Paydiant
“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 cool brands,” Anuj Nayar, senior director of global initiatives at PayPal, has told NFC World as the payment giant prepares to complete its acquisition of the payments platform provider for a reported US$280m... More
Facebook rolls out payments with Messenger app
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... More
PayPal readies contactless reader
PayPal is preparing to launch a new version of its PayPal Here card reader that can handle transactions with contactless cards and NFC devices... More
PayPal to buy MCX supplier Paydiant
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... More
Shell UK picks PayPal for mobile payments at the pump
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... More
PayPal curtails in-store ambitions
The team working on PayPal’s move into in-store payments has been among the hardest hit by layoffs across parent Ebay Inc’s 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”... More
MasterCard moves towards MasterPass tokenization
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... More
One in three Millennials to use a mobile wallet in 2015
5% of US consumers currently use a mobile wallet and 18% intend to use one in the next year, credit scorer Fico’s “Millennial Banking Insights and Opportunity” survey has found, with the percentage rising to 32% among Millennials — defined as those born between 1980 and 1994... More
Google in talks to buy Softcard to combat Apple Pay?
Google is responding to the successful launch of Apple Pay by going on the mobile payments acquisition trail, according to industry rumours — and US carrier-owned NFC venture Softcard, which laid off 60 staff last week, could be a key target... More
US consumers call for more retailers to accept mobile payments
More than half (53%) of US consumers think it is important for more retailers to install devices that enable them to pay with their smartphones, a Verifone survey conducted by Wakefield Research has revealed, with 84% prepared to use their smartphones to pay for small and medium purchases such as a cup of coffee or a pair of jeans... More
US consumers trust banks most with card data
Three in four online buyers (76%) are dissatisfied with the strength of credit card and personal information security among retailers with some 72% of respondents saying they trust their own bank the most with credit card data and personally identifiable information, US research from Bizrate Insights reveals... More
Apple store adds PayPal
PayPal is now available as a payment option in Apple’s online retail store for US and UK shoppers having previously only been available as a payment option in Apple’s app and content stores, Re/code reports... More
Burger King to offer mobile orders and payments across the US
Burger King customers in the US will soon be able to order their meals ahead of arrival and pay for their orders using their mobile phone and a PayPal account... More
23% of Canadians have made a mobile payment
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... More
Apple falls out with PayPal over Samsung deal
PayPal was excluded from the list of Apple Pay preferred partners due to a falling out between the two companies, Bank Innovation reports... More
Transcript: eBay CEO John Donahoe discusses the future of PayPal as an independent company
“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
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 president of PayPal as well as CEO-designee post-spin off... More
Samsung and PayPal to offer smartwatch payments
Samsung is working on a smartwatch that will include biometric verification and support for PayPal payments and location-based offers, reports Business Korea... More
Mapco adds mobile payments at the pump
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... More