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"Paypal Unveils Triangle-Shaped Square Competitor"

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Author Topic: "Paypal Unveils Triangle-Shaped Square Competitor"  (Read 381 times)
Kilika
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« on: March 15, 2012, 04:53:15 pm »

Now they are really rolling out the cellphone payment systems. Here comes PayPal. Plug it into your cellphone and swipe away those biometric ID's.  Roll Eyes

[urlhttp://www.foxbusiness.com/technology/2012/03/15/paypal-goes-head-to-head-against-square-with-new-dongle/][/url]

Quote
Paypal Unveils Triangle-Shaped Square Competitor

Written By Jeremy A. Kaplan

Published March 15, 2012
FoxNews.com

Reuters
 Online finance giant PayPal unveiled a triangle-shaped gadget Thursday designed to make it easy for businesses to accept credit card payments and more on the go -- a swipe at technology darling Square.

Square, founded by Twitter co-creator Jack Dorsey, unveiled its mobile payment system in May of 2011. Last week the company claimed to be processing more than $4 billion in payments per year, and announced a trial system in NYC taxis.

PayPal wants in on that action.

Its new system, called PayPal Here, is a little blue triangle that plugs into the headphone jack of an iPhone (Android phones shortly, the company says) and lets a merchant accept credit card payments, scan cards checks with the camera on a phone, and easily send invoices or receipts with just a flat, 2.7 percent fee.

But it’s about more than just a primary colored shape of plastic, said Ed Eger, a senior vice president with PayPal.

“This announcement is not just about a simple card reader,” Eger told FoxNews.com. “It’s about the entirety of this offering. “

PayPal processed $125 billion in transactions last year, he noted, for 106 million customers including millions of small- to mid-sized businesses. And as consumers change their shopping habits -- browsing on their mobile phones or even paying with them, thanks to new digital wallet solutions -- PayPal needed to evolve how it could process transactions for them, he noted.

A shirt you buy at Banana Republic while waiting in line at Starbucks -- is that an online transaction or offline?

“Three years from now you won’t be able to tell me what’s what,” Eger told FoxNews.com.
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Psalm 51:17
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« Reply #1 on: March 15, 2012, 05:02:45 pm »

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A shirt you buy at Banana Republic while waiting in line at Starbucks -- is that an online transaction or offline?

You mean we can't have at least a little more patience to wait to get these things Huh Look at Africa and other 3rd world countries, they are starving to death, but here in America everyone including us have our needs provided just fine...yeah, this waiting issue shouldn't even be an issue.

Seriously, when cell phones came out, remember when everyone got excited over how they would have much more immediate access to make and receive calls? But guess what...they STILL found many more ways to complain..."Cell phones ringing all day bothers me" being one of them. Ultimately, flesh will NEVER be satisfied b/c no good thing dwelleth in the flesh!
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