PayPal to break new ground in mobile commerce by removing NFC technology from the equation

Mobile Payments

Mobile commerce is beginning to take hold with consumers, but as more companies look to establish themselves in the emerging industry, one of the major contenders is deciding to bow out of the competition. PayPal has decided to discontinue its pursuit of NFC mobile payment applications, claiming that the technology is a step backward for point of sale transactions. The company is not abandoning mobile commerce entirely, however, and will be working on a new way to provide a similar service to tech-savvy consumers. PayPal first began experimenting with NFC…

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PayPal launches mobile storefronts in New York City to help shoppers acclimate to mobile commerce

NFC Technology Mobile Payments Infrastructure

PayPal is preparing to launch their new mobile wallet product – dubbed the PayPal Wallet – in the coming months and has begun introducing consumers to what the company believes with be the future of commerce. The company has erected several virtual store fronts throughout New York City. These stores are similar to those built by British grocer Tesco in South Korea, but instead of using QR codes, PayPal is using NFC technology. The company hopes to gauge the response of consumers regarding the concept of mobile commerce, especially those…

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Will next year mark the explosion of mobile payments?

NFC Technology

Last week in San Francisco, the GigaOm Mobilize 2011 conference made its main focus the omnipresence of mobile, with a notable focus on the takeoff of mobile payments. The conference was two days long, but included fifty sessions that allowed the participants to deliberate over the influence and the future of the cloud computing mash-up, and of the mobile web, for generating new mobile opportunities, especially in the increasingly familiar theme of mobile payments. Several of the primary topics of debate were focused on the advancements in technology occurring between…

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PayPal shows off their NFC add-on for Android, seeks to trump Google’s mobile wallet

Paypal Mobile Payments wearable technology

PayPal, the pioneer of online payments, has been embattled in a legal battle with Google recently. The company claims that Google’s new mobile wallet infringes upon an already existing concept, which lies firmly in the ownership of PayPal. While the unrest between the two companies continues, PayPal has unveiled the very product which started all the fuss. At the MobileBeat 2011 conference in San Francisco, California, the company showed off their new NFC Android widget. The add-on, named PayPal Touch, allows for the transfer of money between two NFC-enabled mobile…

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eBay gives PayPal mobile a boost through purchase of Zong

Ebay m-commerce News

eBay has purchased Zong, the mobile payment provider, to give PayPal’s mobile commerce position a significant boost.  Zong’s purchase price was $240 million, and eBay intends to use it to connect to Zong’s tremendous 250 wireless carriers and 3.2 billion users.  Consumers are already using Zong in order to make purchases simply by using their mobile telephone numbers.  This allows the mobile payment service to verify the transaction so that it can add the charge to the mobile service bill of the shopper.  Zong is already well recognized by gamers…

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