Originally published 10/2011
PayPal wants to get into your wallet no matter where you’re shopping, not just on-line. They’re launching a new set of tools for retailers to integrate PayPal as a method of payment for physical store locations. The pop-up store is going to be targeted towards retailers to show them the new tech and how it can benefit their business and it opens November 1st in Manhattan. This marks one of the strongest pushes of late in the digital wallet/m-commerce movement. While hardware manufacturers are pushing for near field communication chips and other similar technology inside devices so that people can use their credit cards via smart phone, PayPal is taking a broader approach by providing solutions for the entire purchase life-cycle. You can bet that the major credit card companies and other transaction providers like Moneris will be watching with baited breath.
Read more: TechCrunch
Originally published 06/2011
VISA has announced that they are developing a one-click payment system. Instead of having to enter your credit card information on multiple different websites to make purchases you’ll be able to have a digital wallet making the whole process a little less cumbersome.
The latest improvement on the “skip the check-out line” technology is here and this time, it just might work. We’ve seen everything from digital shopping carts which were hugely cost prohibitive, to mobile devices that just couldn’t be widely executed, to putting things like RFID’s in packaging which would take a huge investment by the CPG industry. Now, a company called Ahold has developed a hand-held scanner with Motorola, which is essentially a smart phone with a handle, that is neither bulky nor difficult to use. They are testing in a small US market and results seem to be very positive so far.