Paypal September 15, 2014

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PayPal appears to be calling out Apple and its newly announced mobile payment service Apple Pay with an ad appearing in The New York Times print edition (via Pando Daily) indirectly reminding people of last month’s disastrous iCloud photo leak when a list of celebrities found their personal photos an intimate situations published on the web. The ad reads “We the people want our money safer than our selfies,” but PayPal isn’t without its own security issue in the past.

Apple already has over 500 million iTunes account with most having credit cards, the company says, and iCloud features like iCloud Keychain manage and utilize credit card data for auto-completing credit card information. expand full story

Paypal August 13, 2014

Small businesses looking to take occasional card payments without paying monthly fees now have a third option as Amazon has launched Local Register to compete with Square and PayPal Here – as we predicted last month. The $10 card-reader is compatible with any iPhone from the iPhone 4 onward, as well as any iPad or iPad mini.

Amazon is undercutting both competitor services with a flat fee of 2.5 percent per transaction (vs 2.7 percent for PayPal Here and 2.75 percent for Square). Not enough? Amazon is sweetening the deal with a special introductory rate of 1.75 percent until the end of 2015, and will also credit the $10 cost of the cardreader in full against transaction fees …  expand full story

Paypal July 27, 2014

Amazon could be preparing to launch its own mobile credit card reading hardware in the coming weeks, according to internal Staples documents hinting at such a launch that we’ve obtained. According to the documents, Staples stores will prepare next month to stock a new product called the “Amazon Card Reader” alongside existing card readers from Square, PayPal, and Staples’ own in-house brand. The small hardware, which will likely connect to smartphones to process payments, will cost $9.99, according to the Staples internal sales systems…

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Paypal July 14, 2014

Paypal June 5, 2014

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When Apple unveiled the Touch ID API during its WWDC keynote earlier this week, users and developers alike immediately started considering possible uses. It seems PayPal was also quite interested in putting the fingerprint technology to work in its mobile app.

According to Business Insider, several PayPal developers attended a WWDC session on the new API and the company is actively considering its implementation. The idea here is likely to get a head-start on Apple, which is currently said to be working on its own mobile payment service in conjunction with several major payment processors.

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Paypal April 9, 2014

Re/code is reporting that both Apple and Google have considered making acquisition offers for payments company Square, with CEO Jack Dorsey said to favor a sale to Apple.

In the last year, both Apple and Google have considered making acquisition offers for Square, according to industry sources familiar with the situation […]

[Dorsey] believes, sources said, that his company’s design aesthetic and values match up much more closely with Apple than Google …

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