PayPal, the electronic commerce tycoon, is attempting to move into the offline market by developing new payment technologies that will enable smart phone users to use their mobile device to make purchases. Details about this new model are scarce, as the company attempts to retain some level of secrecy, but what little is known about PayPal’s new scheme is that it involves QR codes. The codes are to be used to add a new dimension to the shopping experience and help facilitate the transition to an economy entirely based on…
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PayPal shows off their NFC add-on for Android, seeks to trump Google’s mobile wallet
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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