PayPal Banks On Mobile Payments - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Government // Enterprise Architecture
News
10/27/2010
01:46 PM
50%
50%

PayPal Banks On Mobile Payments

The payments provider launched a two-click Mobile Express Checkout service and added functionality to its Mobile Payments Library, among other upgrades.

In an effort to make mobile payments more mainstream and easy to use, PayPal is making a number of changes that will enhance its mobile payments offerings, the company announced at its second annual developer conference in San Francisco Wednesday.

The payments provider, a division of eBay, launched a new service called Mobile Express Checkout. With a secure, two-click checkout process from a mobile device, customers will be able to make payments faster with the ability to opt-in and stay logged in while they surf across other apps, PayPal said.

Merchants that already have Express Checkout integrated in their online stores will be able to easily deploy the technology, PayPal said. Coffee retailer Starbucks will use Mobile Express Checkout to reload Starbucks cards to iPhone and iPod Touch devices from its mobile app.

PayPal's Mobile Payments Library is also receiving added functionality by supporting preapproved, chain, and split payments. For subscription-based business models, developers will now be able to use preapproved payments as well as split and chained payments to receive a portion of buyer/seller transactions, the company said.

PayPal has also added a location-based feature to help iPhone users with the PayPal app find which businesses in their area will accept the mobile payments service. The feature is currently available in beta in the San Francisco Bay area.

VeriFone will become the first device manufacturer to collaborate with PayPal to let merchants anywhere take credit card and PayPal payments with its PAYWare mobile merchant app. Functionality from Bump Technologies integrated into the PayPal and PAYWare apps will also let merchants with online and offline presences accept payments, PayPal said.

PayPal has also partnered with development platform provider Appcelerator to help its 8 million PayPal merchants create custom mobile commerce apps with one web codebase on Apple's iOS, Google's Android, and RIM's Blackberry operating systems. The joint mobile commerce offering is expected to be available in 2011, PayPal said.

"Mobile commerce is the most significant change in retailing in the last century, and shopping will never be the same," said Osama Bedier, PayPal's VP of platform, mobile, and new ventures, in a statement. While acknowledging that PayPal has struggled in the past with mobile payments and the timing of its offerings, he said the company "is aggressively driving this change by redefining checkout on mobile devices for millions of consumers and businesses across the world."

PayPal said it expects to process more than $700 million mobile payments through its system by the end of the year.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
Will AI and Machine Learning Break Cloud Architectures?
Lisa Morgan, Freelance Writer,  6/10/2019
Slideshows
9 Steps Toward Ethical AI
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/15/2019
Commentary
Humans' Fascination with Artificial General Intelligence
Guest Commentary, Guest Commentary,  6/6/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
A New World of IT Management in 2019
This IT Trend Report highlights how several years of developments in technology and business strategies have led to a subsequent wave of changes in the role of an IT organization, how CIOs and other IT leaders approach management, in addition to the jobs of many IT professionals up and down the org chart.
Slideshows
Flash Poll