When it comes to digital payments online, the clear leader in the arena is PayPal. Much of the success PayPal, at least early on, can be attributed to its close ties with eBay and fact that pretty much every transaction on eBay uses PayPal. PayPal has announced that it will be launching a new Android SDK for developers on May 15.
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‘PayPal’ Stories
New PayPal Android SDK coming May 15
PayPal wants to get rid of passwords in favor of biometric security
While passwords are the way of the land on the internet, PayPal's chief information security officer Michael Barrett says that passwords and PINs are obsolete and we need a new standard for security on computers and the internet. Barrett thinks that the next step is fingerprint scanners, which he believes will debut on smartphones at some point this year.
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PayPal considers accepting BitCoin payments
PayPal CEO John Donahoe is considering ways of implementing BitCoins into PayPal's digital transaction network. He says that he's watching Bitcoins very closely and expects that the virtual currency, or virtual currency in general, will be here to stay. In an interview with The Wall Street Journal, Donahoe stated that within 5 years, Bitcoins and other virtual currencies will be able to be converted into cash and be used in the real world.
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eBay begins push into offline market with touchscreen store windows
eBay hopes to infiltrate the offline market come this summer and it's first step involves collaborating with a retailer to launch a touchscreen store window. eBay CEO John Donahoe spoke at TechCrunch's Disrupt NY event and said that a retailer, whose name was not revealed, in New York will feature a life size touchscreen store window compliments of eBay. The touchscreen store window is just one of many to come.
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LG Smart TVs add PayPal integration for easier home shopping
LG has baked PayPal into its latest smart TVs, streamlining payments and purchases for on-demand content, apps, and home shopping. The integration - which is available on 2013 sets in the US, UK, and Canada now, but will spread to other countries imminently - will allow PayPal users to log into their existing accounts and avoid having to enter credit card, shipping and billing addresses, and other details into their TV using an often-inconvenient onscreen keyboard.
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Coinstar adding PayPal ATM functionality to select kiosks
If you've ever had a ton of coins that you need to cash in for dollar bills, you might have used a Coinstar machine at one time or another. They're about to get a lot more useful because the company just announced that they're adding PayPal ATM functionality to select machines across the US, starting with Texas, California, and Ohio locations.
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FIDO Alliance and DARPA working to replace passwords
Regular alphanumeric style passcodes are not the only method of online security these days, however it is by far the most common. We have seen some other methods in use such as two-factor authentication with RSA SecurID and even with Google and their 2-step verification process. On the flip side of those, we have even seen some slightly more unique options talked about such as using eye movements. Coming to the present day though, and we have talk of replacing passwords coming from two groups.
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PayPal shows off preview of new upcoming site design
PayPal has had the same design for quite some time, and it is, shall we say, a tad dated. That will be coming to an end in the relatively near future, with the company rolling out a preview of its updated design, complete with information about the layout and how it will benefit users. Check out its features and some screenshots after the jump.
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Anonymous hackers jailed for PayPal, MasterCard, Visa attacks
Two hacker associated with the infamous Anonymous group have been sentenced to jail time for their role in DDoS attacks on the websites of MasterCard, Visa, and PayPal. 22-year-old Christopher Weatherhead and 28-year-old Ashley Rhodes, both from the UK, will spend 18 months and seven months in jail, respectively.
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PayPal promises to overhaul overbearing fraud filters in the coming months
PayPal is the biggest, most popular, and most widely used online payment processor in the world today. The problem with PayPal for many users is that company has a history of incredibly overreaching fraud filters that ensnare legitimate users who are doing no wrong, leaving them unable to access their money. PayPal put fraud filters in place to be sure criminals weren't abusing its digital payment system.
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US PlayStation Store now offering PayPal option
Given the number of undesirable people who won't hesitate for a second when it comes to making off with your financial information, there are many gamers who are understandably not willing to pay with a credit or debit card when buying games digitally. Previously, those who didn't want to use a credit card on the PlayStation Store were left with one option: buying a PlayStation Network card and redeeming the code online. Today, however, Sony has announced that US PlayStation Store users can now make payments with their PayPal account.
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PayPal in-store payment system now available at over 18,000 locations
Throughout the past year or so, PayPal has been working to make its in-store payment platform more robust by bringing in a number of new retail partners, including Home Depot, Guitar Center, Barnes & Noble, and JC Penney. However, today the company has revealed that PayPal users can now pay for items in over 18,000 physical stores throughout the US.
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