There’s little doubt that mobile payments hold a ton of potential for the future of commerce, but without proper direction (and willingness for adoption), the technology remains little more than an impractical curiosity for the majority of consumers. In an effort to define a way forward for the mobile payment industry, a large number of heavy hitters have banded together under the umbrella of the Electronic Transactions Association to form the Mobile Payments Committee. Not only does the group include all four of the top US carriers, but also Google, Isis, VeriFone and PayPal. Add to that financial institutions such as Wells Fargo and Capital One, along with American Express, Discover, MasterCard and Visa, and you’ll quickly realize that this group is playing to win.
Primary goals of the Mobile Payments Committee include fostering relationships with merchants, ensuring consumer access to modern payment methods, exploring best practices and ensuring interoperability of networks, equipment and financial institutions. The group will also engage in lobbying activities with legislators and regulators, and will additionally work to educate both merchants and consumers about the potential of mobile payments. With so many key players (and competitors) sitting around one big table, what wouldn’t you give to be a fly on the wall during those meetings? For a little extra insight, just hop the break for the full PR.
Question by culay: Which is better Paypal or Xoom? To All Filipino Writers out there… A little help please? For accepting payments from overseas clients. Which is better Paypal or Xoom, in terms of fees and other related concerns?
Answer by rustman911I’ve never heard of Xoom and because of all the popularity it gets, I’m going to say Pay Pal.
What do you think? Answer below!Related Posts:
PayPal’s mobile payments have been on a whirlwind American tour this year, but they haven’t had a chance to cross the border so far. Someone must have finally stamped the company’s passport, since it’s now an option for UK residents to pay using the InStore app for Android or iOS. A trio of fashion outlets — Coast, Oasis and Warehouse — can soon scan an on-screen barcode to take payment for that posh new shirt instead of requiring ye olde wallet. As it is in the US, there’s no need for any NFC magic or even an Internet connection to clinch the deal, and there’s still the same access to discounts and refunds as for paper- and plastic-wielding buyers. A total of 230 shops will take your PayPal credit starting May 31st, although they won’t stop your potential fashion mistakes.
Continue reading PayPal mobile payments hit the UK, filling your closet just went wireless (video)
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PayPal has joined forces with Softbank to bring its mobile payment system/digital wallet to Japan. PayPal Here uses an encrypted card reader — like its BFF Square, and more recently, VeriFone — to minimize users’ cash dependency. There’s also a redesigned app that makes it easier for customers to locate participating merchants while they’re out and about. The $ 25 million joint venture targets small businesses, especially those using iPhones (though it also works just fine on Android), and will be made available to the Japanese masses over the next several weeks. We’re sure the setup will be used exclusively by the forces of good to stimulate the local economy.
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Question by mich_ivon: What banks in the Philippines accepts online bank transfers from pay site such as PayPal, Xoom, etc. ?
Answer by bentong_agbayaniUnionBank has a tie-up with PayPal
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Hot on the heels of the launch of its new Here mobile payment dongle in the U.S., PayPal is joining the ranks of companies looking to get a piece of the action in what will, this year, become the world’s largest smartphone market: China.
The company says it is “cautiously optimistic” that it will become the first non-Chinese company to get a license to process domestic electronic payments — both online and via mobile devices. This would be in addition to a business it already has in the country to process international payments.
According to a report in Bloomberg, eBay-owned PayPal’s SVP for Asia, Rupert Keeley, today said that the company would look to offering its new Here card-swiping dongle in China if it gets the license. The dongle, which would move PayPal into mobile wallet services where its platform could be used at points of sale, was officially unveiled yesterday and currently works with iPhone and Android handsets.
That gives Here a potentially good opening in China: IDC yesterday noted that China is due to overtake the U.S. as the world’s largest smartphone market.
And while the iPhone is seeing “off the charts” demand in the country, according to Apple CEO Tim Cook, the market is currently being dominated by sales of Android devices (including those running on forked versions of the OS). These sell for lower price points than the iPhone — currently under $ 200 and soon moving to be less than $ 50 per handset, according to IDC.
But it’s not just about point-of-sale opportunities, which is still a new area for PayPal. Most of its business today comes from straight e-commerce on the Internet and via apps. But here, too, the future seems increasingly mobile as far as China is concerned: research from OnDevice out this week found that some 38 percent of consumers in China are already accessing the Internet only via mobile devices.
The e-commerce market in China in 2011 was estimated to be worth $ 121 billion annually, according to Barclays Capital. At the moment, it is dominated by two local players: the Alipay offering from e-commerce and Internet giant Alibaba has a 47 percent share of the market and rival Tencent’s Tenpay has 21 percent, says Analysys International.
Question by solutions: when you send money through paypal or xoom, will your full name and address appear to the recipient? I want to send money to a person but I don’t want him to know my complete name or address.
Will it be visible to the recipient?
Answer by AaronYes.
They’ll be able to see your name, and your address if you have sent the payment for “goods”.
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Google and its poached Paypal employees got sued for trade secret misappropriation yesterday, but we didn’t know the dirty details until now. A peek at PayPal’s complaint reveals there’s a bit more to the story. Apparently, Paypal and Google were in talks last year to use PayPal for payments in the Android Market. Osama Bedier was in charge of those negotiations for PayPal in October of 2010, when the deal was supposed to close, but was allegedly interviewing for a mobile payment position at Google at the same time (holy conflict of interest, Batman!). The complaint claims that Bedier initially rebuffed El Goog’s advances, told PayPal of the job offer and professed that he would stay, but jumped ship a month later (bringing some PayPal coworkers with him) after being recruited by Stephanie Tilenius and the almighty dollar. Once it hired Osama, Google put the brakes on the PayPal deal and created Google Wallet. Then Google, Bedier, and Tilenius got slapped with a lawsuit. A brief rundown of the legal claims awaits you after the break.
Continue reading Paypal v. Google: a tawdry tale of trade secret misappropriation
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PayPal Lets Android Users Deposit Checks With Their Cameras [Blip] Just like the iPhone PayPal app , and just like the Chase app , PayPal on Android now allows check deposits via photo upload. Apparently, a million dollars per month is transferred using this method on the iPhone app. [ MobileCrunch ] More » Read more on Lifehacker
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PayPal App for Android Allows for Check Deposits PayPal has updated its application for Android phones with a number of new features. The updated version (2.8.0) lets users take a picture of a check, send it to PayPal, and have the amount added to their PayPal account. Other new features include the ability to run from the SD card, as well as search for nearby businesses that accept PayPal for purchases. The application is free to download … Read more on Phone Scoop
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TNA Wrestling Impact! Enters The Ring on iOS, Android and Mobile Platforms SANTA CLARA, Calif. – TOTAL NONSTOP ACTION! Leading video game publisher and developer NAMCO BANDAI Games America Inc. today announced that TNA Wrestling iMPACT! is now available simultaneously on mobile platforms, including Apple iOS, Android, Java (J2ME), Brew and RIM handsets. With a roster of … Read more on IGN WirelessRelated Posts: