PayPal GoDaddy Security Issue

PayPal and GoDaddy will hand your data over to just about anyone

By on January 29, 2014 at 3:03 PM.

PayPal and GoDaddy will hand your data over to just about anyone

An app developer who had a rare Twitter username revealed he has been hacked by a person that wanted to own the @N handle at all costs, with PayPal and GoDaddy serving as unsuspecting accomplices in the ordeal. After blocking Naoki Hiroshima out of his PayPal and GoDaddy accounts, the hacker demanded to compromise – “access to @N for about 5 minutes while I swap the handle in exchange for your GoDaddy and help securing your data,” he wrote in an email. More →

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PayPal inks Discover deal to bolster mobile payment platform

By on August 22, 2012 at 11:25 PM.

PayPal inks Discover deal to bolster mobile payment platform

PayPal Discover Partnership

PayPal on Wednesday made its big move to upend Google (GOOG) Wallet in the mobile payment platform wars by signing a deal to enable its mobile payment system on Discover’s credit card network. As reported by GigaOM, the new partnership will deliver PayPal’s in-store payment service to more than 7 million different stores across the United States starting next April. GigaOM says that when the service launches next year, PayPal customers will be able to use a PayPal Access Card to buy in-store goods in conjunction with PayPal’s mobile wallet app, which delivers deals and handles receipts, among other things. More →

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PayPal inks mobile payment deal with 15 retailers

By on May 25, 2012 at 8:45 PM.

PayPal inks mobile payment deal with 15 retailers

Paypal Mobile Payments

PayPal earlier this year announced a partnership with The Home Depot that allowed customers to make point-of-sale transactions with their smartphones in more than 2,000 locations. The e-commerce company on Thursday announced that 15 new national retailers have signed on for PayPal’s in-store mobile payment service. These include, Abercrombie & Fitch, Advance Auto Parts, Aeropostale, American Eagle Outfitters, Barnes & Noble, Foot Locker, Guitar Center, Jamba Juice, JC Penney, Jos. A. Bank Clothiers, Nine West, Office Depot, Rooms To Go, Tiger Direct and Toys“R”Us. “We can’t wait to launch with these great retailers, and help them serve their customers better through PayPal,” PayPal president David Marcus said. “Consumers are relying on technology now more than ever to simplify their lives when it comes to shopping and paying, and retailers must adapt to this shift or risk becoming irrelevant.” PayPal plans to sign up as many as 20 national retailers this year. More →

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PayPal announces ‘PayPal Here’ iPhone payment system to compete with Square

By on March 15, 2012 at 9:55 PM.

PayPal announces ‘PayPal Here’ iPhone payment system to compete with Square

PayPal on Thursday unveiled “PayPal Here,” a small accessory similar to the solution offered by Square, that can be used to accept credit card payments on an iPhone. The reader is a large blue triangle that connects to the top of an iPhone through the headphone jack. With the help of the “PayPal Here” iOS app, a merchant can input a sum and have a consumer swipe his or her credit or debit card to make payments. PayPal’s app also features a “Scan Card” feature, which uses the iPhone’s camera to record a credit card number or even a check. The app can track invoices and cash payments, and be used with checks, credit cards and debit cards. PayPal Here comes on the heels of the company’s unveiling of an upcoming digital wallet service that looks to compete with Google Wallet. More →

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PayPal’s Google Wallet competitor shown off at SXSW [video]

By on March 14, 2012 at 8:25 AM.

PayPal’s Google Wallet competitor shown off at SXSW [video]

During the annual South by Southwest conference in Austin, Texas on Tuesday, PayPal finally showed off its upcoming digital wallet product that will compete with the likes of Google Wallet and other digital payment platforms. The EBay-run eBay Ink blog also posted a pair of videos on Tuesday in which PayPal vice president of global product and experience Sam Shrauger walks us through a number of the new eWallet product’s capabilities. PayPal’s digital wallet has a simple desktop interface and of course it features mobile compatibility and a number of now-common features, but there are also a few intriguing features that aren’t common among rival offerings. One such feature allows the user to pay for something with PayPal’s digital wallet while on the go, and then log in to his or her account at a later time and choose which credit card or bank account should supply the funds for the purchase. This feature and more are explained in a pair of videos from eBay and PayPal, which follow below. More →

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Office Depot now testing PayPal’s new point-of-sale system

By on January 23, 2012 at 7:00 PM.

Office Depot now testing PayPal’s new point-of-sale system

Office Depot, the second-largest retailer of office supplies in the U.S., is testing PayPal’s new point-of-sale system in a limited number of locations according to Reuters. “It’s at this point in a small number of stores … because there are still some rough spots in that experience,” said Kevin Peters, president of Office Depot’s North American unit. “There are some limitations on who can use it, service carriers that support that.” PayPal’s new payment method, known as the wallet in the cloud, lets shoppers who have PayPal accounts pay by typing their mobile numbers and PINs at checkout counters. Customers will also be able to pay by swiping a PayPal card and entering a PIN. PayPal started testing in-store payments at 51 Home Depot locations with plans to offer the service at 20 major retailers by the end of the year, however no additional participants have been named. Peters said the company is eager to experiment with anything that helps with faster checkouts, although nothing will be widely available without further testing. “At this point, we are walking very, very slowly. The last thing we want to do is to roll out technology that doesn’t appreciably change the customer experience,” he said. More →

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Yahoo names former PayPal president Scott Thompson as new CEO

By on January 4, 2012 at 10:41 AM.

Yahoo names former PayPal president Scott Thompson as new CEO

Yahoo on Wednesday announced that former PayPal president Scott Thompson will takeover as CEO of the company. Thompson will replace Tim Morse, who has served as the interim CEO since the firing of Carol Bartz last year. ” With the ultimate goal of delivering the value our shareholders expect, my immediate focus will be on getting to know the entire team and hearing more from all Yahoo!s, working closely with the engineers and product teams, and diving deeply into our products and services to learn more about what our more than 700 million users find most engaging and useful,” Thompson said. “I will also be working directly with our region leaders and sales teams globally to get a clearer understanding of the needs of our advertisers and publisher.” Yahoo’s full press release follows after the break. More →

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Verizon to integrate American Express' mobile payment solution into phones, tablets

By on August 1, 2011 at 11:58 PM.

Verizon to integrate American Express' mobile payment solution into phones, tablets

Verizon Wireless and American Express announced on Monday that Verizon Wireless will begin to integrate American Express’ “Serve” mobile payment solution into its phones and tablets. The agreement will allow Verizon Wireless customers to make mobile payments from their phones, provided that they have an existing Serve account. “Our collaboration with Verizon highlights the speed at which Serve is evolving to reach a wide audience,” said Dan Schulman, group president, Enterprise Growth, American Express. “Verizon Wireless customers will soon be able to complement their busy lifestyle with a trusted payment platform that delivers a fast, flexible and secure way to manage their day-to-day mobile purchases, and together we’re taking the necessary steps to make mobile commerce a reality.” Serve is similar to PayPal and allows users to send or receive money for goods and services. American Express announced the service in March in tandem with Serve apps for Android and iOS. Read on for the full press release. More →

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PayPal president says we won’t need wallets by 2015

By on July 1, 2011 at 6:50 AM.

PayPal president says we won’t need wallets by 2015

In a blog post that announced PayPal now has 100 million active accounts, PayPal president Scott Thompson also discussed the future of the mobile payment space. “We believe that by 2015 digital currency will be accepted everywhere in the U.S. – from your local corner store to Walmart,” Thompson said. “We will no longer need to carry a wallet.” As part of that goal, the company has asked five residents in the San Francisco Bay area to use digital currency for all of their purchases and, presumably, PayPal will pick up the tab. While we love Thompson’s optimism, that sounds like a tough task. Google recently announced its Google Wallet application, which will allow customers to use a Nexus S smartphone to purchase goods at a number of retailers, but you’d still be hard pressed to find anywhere that accepts it as payment for the time being. We suppose they could use a PayPal debit card — but that would still require a wallet. Oh well, there’s always Starbucks. More →

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Google sued by eBay, PayPal for stealing trade secrets

By on May 27, 2011 at 9:04 AM.

Google sued by eBay, PayPal for stealing trade secrets

Google on Thursday finally took the wraps off its Google Wallet and Google Offers services, which offer an NFC-based contactless payment system married with a location-based local coupon service. On the same day, eBay and its online payment arm PayPal filed a lawsuit against Google and two of its executives for stealing trade secrets relating to mobile payments. Osama Bedier and Stephanie Tilenius, both of whom were heavily involved in the development of the Google Wallet service, were named in the suit. Beider and Tilenius were formerly PayPal employees who left the company to join Google and help build Google Wallet. Both executives were with PayPal for the better part of a decade, and Bedier was most recently vice president of platform, mobile and new ventures. The suit accuses Bedier of having “misappropriated PayPal trade secrets by disclosing them within Google and to major retailers,” and it alleges that Tilenius broke a contractual agreement with eBay by recruiting Bedier once moving to Google. More →

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Amex takes on PayPal with Serve; outs iOS and Android apps

By on March 28, 2011 at 9:59 PM.

Amex takes on PayPal with Serve; outs iOS and Android apps

Today American Express introduced its new digital payment system called Serve. Serve works similar to PayPal in that it allows users to create an account that can be used for sending or receiving money. Users can access their accounts from American Express’ Serve iOS and Android applications, via the Web, or through Facebook. Serve has two fees, including 2.9% plus $0.30 per load deposited, although this is discounted to 0$ for cash, debit, and ACH. Similarly, there’s a $2 fee on ATM cash withdrawals, although the first withdrawal each month is free. The good news is, American Express is waiving the deposit fee for the next six months. Serve lets users create a master account and you can create sub-accounts for friends or family members. American Express also provides a debit card with each Serve account that can be be used at any ATM or merchant that accepts American Express. “We are working with a range of partners to integrate Serve as a payment method and deliver customized offers, and we will waive most consumer fees for the next six months,” said Dan Schulman, Group President, Enterprise Growth at American Express. Hit the jump for the full release. More →

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Visa announces PayPal-like payment service for U.S. consumers

By on March 17, 2011 at 5:12 AM.

Visa announces PayPal-like payment service for U.S. consumers

Credit card giant Visa has announced a new payment service for U.S. consumers set to launch in the second half of 2011. The new offering closely mimics services offered by PayPal, allowing users with a Visa-branded credit, debit, or pre-paid account to transfer money amongst each other. “Consumers in the U.S. will soon be able to receive and send funds to any eligible Visa credit, debit or prepaid account, anywhere in the world,” reads the press release. “By simply entering the recipient’s 16-digit Visa account, email address or mobile phone number, consumers can send funds directly from their bank account to a recipient’s Visa account.” The company has also partnered with payment networks CashEdge and Fiserv, allowing them to integrate their person-to-person payment platforms with the new service. The personal payment program outlined by Visa is already offered outside the U.S. in dozens of different countries. The full press release is after the break.

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PayPal hires Apple VP of Global Design

By on February 1, 2011 at 10:01 AM.

PayPal hires Apple VP of Global Design

AllThingsD is reporting, by way of LinkedIn, that PayPal has just snatched up the VP of Global Design from Apple. The lucky lady is said to be Sarah Brody who has worked on the original iPhone, original iPod nano and was a “critical aspect in the design of” MobileMe. In addition to working on the aforementioned projects, she’s also responsible for the design of the product packaging boxes that are pictured above. Maybe PayPal’s website won’t look so sketchy anymore with this new hire? More →

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