Need An Easier Way To Spend Money? PayPal's Trying
Cell phones are getting so smart,why not let them pay the bills? That's PayPal's reasoning with an upcoming service that will let its customers use text messaging on their phones to make payments.
Where's my money?
PayPal Mobile, now in testing with a planned U.S. launch within several weeks, will let people transfer funds from their PayPal accounts to another person. The payer will text message PayPal the transaction amount and the recipient's phone number, and then PayPal will contact the recipient with details on how to claim the payment. If a recipient isn't a PayPal member, he or she would have to create an account to receive the money.
The eBay subsidiary says it's also working with some merchants on a new system that will let customers make purchases by mobile phone. Merchants will place codes on product advertisements that might appear on a bus or billboard or in a magazine; the buyer will make the purchase by text messaging the product code to a phone number on the ad. The merchant ships the product to the buyer's address on record with PayPal.
PayPal isn't the first to think of cell phones as wallets. Visa recently launched a pilot program at Atlanta's Philips Arena, home of the National Basketball Association's Hawks and the National Hoc- key League's Thrashers, that lets its credit-card customers with specially equipped Nokia phones buy food and drinks by waving their phones near a reader. (See story, "Visa Expands Contactless Card Efforts").
PayPal is the king of person-to-person online payments, with a stringent verification process already in place. Bill Ho, an analyst at Current Analysis, expects Google will soon get its fingers into the mobile payment business, and so will cellular carriers seeking new revenue streams.
PayPal says it's working through some of the security challenges by requiring people to provide a PIN when they're making purchases. Poor cellular coverage and interrupted transactions may not be so easy to overcome.
How Enterprises Are Attacking the IT Security EnterpriseTo learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Infographic: The State of DevOps in 2017Is DevOps helping organizations reduce costs and time-to-market for software releases? What's getting in the way of DevOps adoption? Find out in this InformationWeek and Interop ITX infographic on the state of DevOps in 2017.
Digital Transformation Myths & TruthsTransformation is on every IT organization's to-do list, but effectively transforming IT means a major shift in technology as well as business models and culture. In this IT Trend Report, we examine some of the misconceptions of digital transformation and look at steps you can take to succeed technically and culturally.