PayPal’s inStore mobile payment service hits the UK, launches with four major fashion retailers
PayPal has announced that its In-Store mobile payment service will be accepted at four major UK retailers – Coast, Oasis, Warehouse and Karen Millen — from tomorrow, as the payments giant bursts on to the country’s high street shopping space.
The agreement will allow UK shoppers to pay for items at more than 230 stores nationwide using their smartphone and the PayPal mobile shopping application. Read more...
PayPal unveils mobile payment system for small businesses
PayPal is targeting small businesses, service providers, and casual sellers on the move with its new PayPal Here service which allows vendors to process a variety of payments including checks and cards using their mobile phones.
The new service unveiled Thursday includes a free app and encrypted thumb-sized card reader, which allows merchants with an iPhone, and later Android smartphones, to process payments.
Merchants can accept payments by swiping cards in the card reader, scanning cards and checks using their phone cameras, or by entering card information manually into the app, the eBay unit said. They can also send an invoice and set payment terms, and accept PayPal payments from the app. The check facility is however only available in the U.S. Read more...
Cyberlocker To Shut Down After PayPal Ban
RapidGator, one of the file-hosting sites that grew exponentially following the Megaupload shutdown last month, has been banned by PayPal. As a result, the Russian-based site says it will close the service in a month. According to PayPal, the RapidGator account was closed due to the “high risks” associated with processing payments to file-sharing services.
During the wake of the Megaupload raids in January, TorrentFreak kept a close eye on the cyberlocker world.
While many file-hosters panicked, former Megaupload users hopped from site to site trying to find a suitable alternative. Read more...
Update: Industry group pushes new spec to eliminate phishing
Companies such as Facebook, Google, and PayPal are pushing for widespread use of a new technical specification, DMARC, that could make it harder for phishers to reach their victims.
A common problem with email is that it is very easy to spoof the "from" address, making it difficult for an average user to know if an email is really from the domain it purports to be from. Technologies such as DKIM and SPF already allow domain owners to vouch for mail sent in their name, but don't specify what to do with messages that fail the test. DMARC builds on those systems, allowing domain owners to ask receiving mail servers to discard mail that fails authentication tests. That will make it less likely that scam messages impersonating sites such as PayPal will appear in your inbox. Read more...
PayPal tries out mobile wallet at Home Depot stores
It might not be long before you can head into a store and choose to pay in cash, with a credit card, or using your PayPal account with the help of your iPhone.
That’s according to a new story from Fierce Mobile Content, which confirms that eBay-owned PayPal is trying out a mobile payment service that allows users to pay for goods and services at Home Depot stores either with mobile apps on Apple’s iOS platform or Google’s Android operating system, or with a special PayPal card. The app functionality lets you use your app to access your PayPal account to make your payment, not unlike you might if you were making your purchase online. Read more...
EBay buys BillSafe for ‘purchase-on-invoice’ technology
EBay has purchased German vendor BillSafe to complement its PayPal online payment system, the company announced Thursday. Terms were not disclosed.
BillSafe offers "purchase-on-invoice" capabilities, which allows shoppers to choose items, receive them, and then get a bill for payment later. EBay had taken a minority stake in the company in October 2010.
Purchase-on-invoice is extremely popular in Germany, Austria, Switzerland and the Netherlands, and in Germany alone, eBay has 15 million accounts, the company said. Read more...
PayPal to announce online shopping login service
PayPal, eBay's online payment service, plans to announce a new service Wednesday that aims to make it easier to shop online by cutting down on the number of accounts consumers have to create with various Web retailers.
Called PayPal Access, the service will be unveiled at eBay's X.commerce developer conference in San Francisco. It will be launched with X.commerce, a new eBay Inc. business launching Wednesday geared toward developers and merchants that encourages developers to integrate eBay's technology into mobile commerce apps. X.commerce merges the software developer communities for eBay.com, PayPal and eBay-owned e-commerce software company Magento, which together include 850,000 developers.
EBay spokesman Anuj Nayar said PayPal Access will let users log on to participating retailers' sites and pay with their PayPal username and password, rather than creating a separate account as many online retailers currently require. As it stands now, shoppers on some sites have to set up an account even if they're paying with PayPal, the details for which they don't enter until near the end of the transaction. The service would keep a user's personal details within PayPal, Nayar said. Read more...
PayPal to Enter Russian e-Payments Market
American payment system PayPal will begin carrying out money transfers in Russia and the Ukraine starting from the end of September, the company said in a statement.
The PayPal web site has published new money transfer tariffs that will come into force on September 24.
The fee for sending money to Russia will range from 0.5 percent to 1.5 percent depending on the country you are sending it from. Sending money within Russia will cost 1 percent.
As Russian daily Vedomosti reported earlier this month, PayPal’s initial investment in the Russian market will amount to US$25 million. Read more...
PayPal persists in sending phishing-friendly emails
In the past week I've received three email messages from PayPal, and I'm ready to chew nails.
The messages included multiple hot links, with persuasive marketing drivel urging me to click on the links and log on to my account. In fact, in all respects they were just like high-quality phishing emails with the single exception that the links go to the email0.paypal.com and email-edg.paypal.com websites. Read more...
Update: PayPal, eBay sue Google over mobile payments secrets
PayPal and parent eBay have filed a suit against Google and two former executives alleging that they have misappropriated their trade secrets in the area of mobile payments and point-of-sale strategies.
The suit filed Thursday before the Superior Court of the State of California in the County of Santa Clara also charges two former employees, Osama Bedier and Stephanie Tilenius, who now work with Google, of breaching their obligations to PayPal and eBay.
Google unveiled on Thursday its Google Wallet, that will let people with special phones pay for goods in retail shops by tapping the phones against a payment terminal. Read more...