Simply creating mobile-friendly versions of existing products and services will not be enough for banks to fend off challenges from non-bank competitors, such as PayPal, Google, Amazon and Square. That is the conclusion of a new report by Accenture on digital banking.
PayPal President David Marcus appears to be taking his recent frustrations out on employees.
Remember back when I told you that retail banks and credit reporting agencies would shortly be besieged by hungry startups and online payment firms far savvier about leveraging data and new analytical tools? Yeah, well that competitive fire is growing more intense.
GigaOm reports that the transaction volume of payments processor Braintree jumped 164 percent from the previous year. Right now eBay execs are probably pretty happy they snapped up the company for $800 million earlier this year.
Revel Systems is bolstering its point-of-sale solution for Apple's iPad by adding support for PayPal's mobile commerce capabilities.
More than half of mobile users are comfortable using biometrics as a security measure to prevent unauthorized access to their mobile devices, according to a survey of 1,000 U.S. adults by Zogby Poll on behalf of PayPal and the National Cyber Security Alliance.
Mobile commerce is beginning to gain traction among consumers and retailers. Now that FierceMobileContent has joined with FierceMobileIT, we will use our combined resources and daily coverage to provide you with the latest happenings in the m-commerce world.
PayPal unveiled Payment Code--a new in-store payments platform enabling consumers to complete purchases with their mobile phone by scanning a QR code or activating a four-digit code.
Samsung Electronics is now accepting PayPal as a payment option across its mobile ecosystem, allowing users to securely purchase applications, e-books and multimedia content from the Samsung Apps and Samsung Hub storefronts in a matter of seconds.
PayPal has launched PayPal Working Capital, a credit offering that merchants can apply for based on their PayPal transaction history instead of their credit history. Beyond that complete sidestep of the traditional, credit bureaus are borrowing terms that are highly competitive with traditional lenders. In the way of disruption, you can think of PayPal's play as a "two-fer."