PayPal is a strong player in the world of mobile payment solutions, and leans heavily on eBay for leverage in that realm. That’s because eBay owns PayPal, and uses them as an in-house payment processor. A new report suggests that the online marketplace may be looking to spin PayPal off as its own unit, likely making it more nimble in the process.
Amazon has launched its Local Register card reader for retailers, taking on Square in the mobile payments space with what the online behemoth claims are segment-besting rates. Amazon's dinky dongle plugs into the headphone jack of an iPhone, iPad, or Android tablet - including, unsurprisingly, the company's own Kindle Fire HD and HDX - and accepts swiped credit and debit cards, though you'll have to pay upfront for the reader itself.
If you frequent smaller diners or coffee shops, chances are you’ve seen Square in use as the point of sale system. The peer-to-peer transaction hub is the simplest way for many businesses to offer up credit transactions, but the company has been diversifying of late. The newest addition to Square brings your foodstuff to you, instead of you hitting the streets.
Those who enjoy automating their digital life probably know all about IFTTT. If you’re uninitiated, the service — which stands for ‘If This Then That’ — takes one action and uses it to automatically do another. To that end, Square now has their own IFTTT channel, making record keeping that much easier.
One of the biggest drawbacks of the iPhone is the inability to pay for things via mobile. There’s no NFC capabilities in iOS, and it’s not clear if that’s on the way or not (though some believe it is). A new report suggests Apple is working with various credit card companies to hammer out a mobile payment option for future devices, and it could be the most secure method available.
You may soon get the option to buy something neat you find via Facebook. The company has announced they are testing a “Buy” button on posts which would let you purchase an item on display right from Facebook. The service works from either desktop or mobile.
Technology has alleviated our need for many physical products, like DVDs or CDs. Apple may be trying to do away with more plastic, as a recently launched service in Japan allows users to get iTunes Store credit without even snatching a gift card. Called iTunes Pass, the program uses a familiar app to hold onto the credit.
We’ve all but confirmed an Amazon phone is on the horizon, with a mystery device in the announcement and poorly edited video teasing the device. What remained to be seen was just how Amazon would tie their offering into Prime. A new report hints at just how we’ll be able to take advantage of an Amazon phone on our carrier of choice.
Recently, Square began lining up credit to the tune of $200 million. Speculation abounded regarding their intent, with most assuming a buyout may be on the table. The buyout hasn’t happened, but Square has started leveraging that credit to small businesses. With Square Capital, the payment processor is attempting to level the playing field even more.