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eBay has been testing a new mobile app called eBay Now that allows shoppers to order from local stores and have their packages delivered to their door in as little as an hour.
Through this new app, shoppers in San Francisco and New York City (Manhattan up to 125th street and select parts of Brooklyn) can purchase items from more than 200 participating stores, including Macy’s, Home Depot, Target, Toys R Us, RadioShack, Walgreens, and Office Depot.
With upstarts like Square trying to disrupt the payments space, often using technologies that interoperate with consumer devices like the iPad, it's no surprise that larger entrenched players are fighting back with similar offerings.
Point-of-sale giant VeriFone, for instance, is positioning itself to be the Switzerland of payment solutions, and PayPal is making a big offline push with physical retailers and card readers for smaller businesses.
The mobile payment industry is constantly evolving and extremely complex.
NFC gains a lot of attention largely thanks to the fact that Visa has thrown its weight behind the technology. However, as yet, it has failed to take off because access to NFC enabled devices is limited and consumers are still largely sceptical.
In the short-term, it seems likely that mobile card readers will prove to be more popular with merchants and consumers.
PayPal has merged all its payment tools into one service called PayPal Products as it seeks to provide an all-in-one solution for US SMEs.
Following on from the recent launch of PayPal Here, the new product suite allows business customers to access online, in-person and mobile payment tools.
Last week, we visited the PayPal shopping showcase in Tribeca where PayPal had set up a number of vignettes highlighting the future of payment to inspire retailers to looking beyond their current payment options. Since they opened last November, more than one of their future payment methods have become a reality.
We had a chance to talk to Anuj Nayar, Global Director of Communications, about PayPal's new offline strategy, why PayPal Here is ultimately a better solution than Square and how PayPal wants to change the nature of payments.
Square, the mobile payment upstart that's combined a credit card-reading dongle with the iPhone and iPad to take on established point-of-sale (POS) payment solutions providers, has been making frequent appearances in the news of late.
From attracting users like the Obama campaign and taxi drivers in New York City to overhauling its mobile app in an effort to drive consumers to local businesses, it appears that Square's $4bn-plus in annual payments processed could be just the tip of the iceberg.
Mobile payment company Square has rolled out several upgrades to its Card Case app, including an Android version and new geo-fencing technology.
The app has been rebranded as ‘Pay with Square’ and redesigned to make the interface more user-friendly.
The focus is now on merchant discovery, so the user’s smartphone can automatically notify them when they are near a Square-enabled business.
PayPal has taken a page from the Square playbook with today's launch of PayPal Here. This global solution allows small business owners to accept payments via credit card with a PayPal branded triangle shaped reader.
This solution is a long time coming. Square was first launched at LeWeb at the end of 2009 while PayPal were pushing their unsuccessful "bump" product. With more than ten years in the online payments space, PayPal will easily make up for lost time even though Square have had a two year head start on working with merchants in this space (and has recently been backed by Obama).