Paves the way for PayPal cards to be used in retail locations.
VeriFone is the card reader specialist with a customer base encompassing 80 per cent of the top 200 largest retailers in the US and 1m points of sale.
Its new software upgrade will layer PayPal’s 'digital wallet' interfaces at selected locations and give shoppers access to various PayPal payment methods including a PayPal Access card, and possibly NFC services at some point in the future.
“Retailers who take advantage of the extensions to VeriFone’s platforms will be able to offer their customers a rich environment that integrates the virtual and physical retail worlds,” said Jennifer Miles, VeriFone executive vice president, North America.
“By working to extend PayPal’s reach into traditional retail, VeriFone is providing retailers with an immediate and simple way to adopt and manage new payment experiences that consumers are demanding.”
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So, eBay's just bought PreyPal's way into another 15 retailers. What a total waste of eBay shareholders' funds ... And, don't any of these retailers research anything before they enter into agreements with such clunky operators?
Read about it and weep, John Donahoe ...
In addition to Visa’s V.me, there is now MasterCard’s PayPass digital wallet soon to arrive; another perfectly logical extension to the real banks’ traditional, professional, payment processing systems (and you don’t have to ditch the plastic) …
Goodbye clunky PreyPal, I can’t say that it has been nice knowing you …
“When Do We Start Calling eBay A [Failed] Payments Company?”
http://forums.auctionbytes.com/vbulletin/showthread.php?t=24590
And, just for a laugh then, some comment on PayPal’s off-eBay products: "The New Way To Pay In-Store" (at Home Depot), PayPal Here, SmartPay, PayPal Digital Wallet, PayPal Debit MasterCard, PayPal Local and Watch With eBay ...
http://forums.auctionbytes.com/vbulletin/showthread.php?t=24611
eBay / PayPal / Donahoe: Dead Men Walking
Philip Cohen May 25th 2012 at 11:07PM
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