Tag: paypal mobile payments

The new service that could result may give a considerable advantage over competition like Square.

Two of the largest players in mobile payments – PayPal and NCR – have just announced that they will be working together in a major new deal that may help to create a significant advantage for themselves within this marketplace.

This should help PayPal to gain a notable edge when compared to its competition.

This could be unwelcome news for Square, which is the primary competition within that sector. The assistance of the point of sale company, NCR, could give PayPal a great deal of additional weight. The agreement will bring mobile payments from PayPal into the apps and services from NCR that are commonly used by retailers and restaurants.

It will begin by simply adding a PayPal mobile payments checkout option within NCR’s Pay application.

This will provide restaurant patrons with the opportunity to use their smartphones to use PayPal to pay for their meals. However, the services will expand from there over time. Soon, there will be a PayPal dining experience in which it will be able to use its own mobile payments apps whenever a customer checks in at a participating NCR location.

Though this may sound like a light deal at first – particularly as PayPal has already recently announced that there are 23 retailers currently using its own point of sale solutions – this could end up being one of the mobile payments company’s most important developments as it seeks to lead its industry. NCR is not in any way new, having been established 128 years ago. It currently powers the POS for half of all of the major retail chains, as well as 38 percent of the leading 100 American restaurants. This will provide PayPal with a tremendous amount of reach as they gain access to millions of customers through NCR.

That said, NCR isn’t working exclusively with PayPal for mobile payments. It has also created a deal with Google Wallet and has indicated that it is available for agreements with other providers, as well.

Beyond mobile payments, the PayPal and NCR deal will also give consumers access to special offers, coupons, and other types of discount deals, starting in gas stations, restaurants, and small convenience stores, and broadening from there.

PayPal announces retail expansion of its mobile wallet service

PayPal has announced that it is expanding its mobile wallet service to five new U.S. retail partners. This will increase the number of stores that accept mobile payments using the PayPal mobile wallet to 18,000 nationwide. PayPal has shown an intense interest in mobile commerce over the past year, hoping to engage a new generation of consumers that prefer to make purchases using their mobile device rather than traditional forms of payment. PayPal is one of the few companies that is ideally suited for the emerging mobile commerce arena because of its longstanding focus on digital commerce.

Company signs new deals with several retailers

PayPal has signed new agreements with RadioShack, Dollar General, Famous Footwear, Mapco Express, and Spartan Stores, as well as two other retailers that have not yet been identified. These stores will feature support for PayPal’s mobile commerce processing technology, which will allow consumers to purchase products using their smart phone with funds that are associated with their PayPal account.

Mobile wallet from PayPal avoids NFC technology

PayPal launched its mobile wallet in early 2012 to a limited market. The company has been testing the mobile commerce waters ever since, making modest advances in its hold on the market and showing caution in terms of consumer security. Notably, PayPal’s mobile wallet does not support NFC technology, which has become a common foundation for the mobile commerce sector. This is because PayPal was unconvinced of the security features that were associated with the technology, opting instead to institute its own technology and software to ensure the protection of its customers.

Success of mobile wallet may put PayPal on par with Google and Isis

The company has been championing its alternative to NFC technology for several months, suggesting that it provides consumers with a more secure way to participate in mobile commerce. By expanding its retail partnerships, PayPal is looking to make its wallet more available to a wider audience. If the company’s service continues to provide successful, PayPal may soon emerge as a major competitor with others in the mobile commerce sector, such as Google and Isis.