{{ searchResult.published_at | date:'d MMMM yyyy' }}

Loading ...
Loading ...

Enter a search term such as “mobile analytics” or browse our content using the filters above.

No_results

That’s not only a poor Scrabble score but we also couldn’t find any results matching “”.
Check your spelling or try broadening your search.

Logo_distressed

Sorry about this, there is a problem with our search at the moment.
Please try again later.

PayPal is reportedly set to launch a virtual payment system to extend its reach onto sites that don’t currently run its software.

Called PayPal Secure Card, the browser plug-in can detect when a shopper lands on an etailer’s checkout page and automatically fills in their stored financial details to save them time.

Launched through a partnership with MasterCard, it forms PayPal’s response to a similar innovation by rival Google Checkout as the two battle for growth in uptake.

Chris George, director of financial products for PayPal, told Reuters:

"From a merchant's perspective this looks like any other MasterCard transaction. And it's just another PayPal purchase to the customer."

Secure Card will apparently be launched for Internet Explorer and Firefox users in the US on Tuesday, followed by shoppers in international markets.

PayPal will hope it helps to drive further growth in transaction volumes – in Q3, it said it processed $12.22bn in payments, a rise of 34% year on year.

Related research:
Online Retail 2007: Checkout Special

Related stories:
Interview: Mike Baxter on checkout best practice
Amazon confirms payment system launch

Avatar-blank-50x50

Published 19 November, 2007 by Richard Maven

529 more posts from this author

Comments (0)

Comment
No-profile-pic
Save or Cancel
Daily_pulse_signup_wide

Enjoying this article?

Get more just like this, delivered to your inbox.

Keep up to date with the latest analysis, inspiration and learning from the Econsultancy blog with our free Daily Pulse newsletter. Each weekday, you ll receive a hand-picked digest of the latest and greatest articles, as well as snippets of new market data, best practice guides and trends research.