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PayPal increases bug bounty pay rates

PayPal increases bug bounty pay rates

If you manage to find a security flaw in any of PayPal's products, you may be entitled to a cash reward. And now, that reward is bigger than ever. The alternative payment processor has followed in the footsteps of companies like Mozilla and Google, both of which offer similar "bounty" programs and have also recently increased the money they pay to honest hackers.

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Diablo III Real Money Auction House officially launched

Diablo III Real Money Auction House officially launched

Today is the first day that users will be able to toss real hard-earned cash at virtual items in the game Diablo III online. This game has for some years now been teased to have a real-money auction house (in addition to its more basic virtual gold auction house), and upon the game's launch earlier this year, it's been the most widely anticipated feature not to be included with the initial build. Today when you head online to Diablo III you'll more than likely see an update to your software and a couple of new user agreements before you're allowed to play.

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TiVo and PayPal team on in-ad shopping

TiVo and PayPal team on in-ad shopping

TiVo and PayPal have inked a deal for streamlined shopping in interactive advertisements, turning the remote into a gateway to the digital wallet. The new service, which will begin showing up in TiVo adverts from this fall, will allow subscribers to charge products directly to their PayPal account, with automatic shipping to the registered address.

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PayPal point-of-sale partnerships expand

PayPal point-of-sale partnerships expand

PayPal is looking to vastly increase its presence in the world of in-store payments. The company has just announced that it struck a major partnership with some of the leading providers of in-store cash register systems, allowing consumers to use their PayPal account to pay for products from within a retail store. Stores will be able to use their existing equipment to begin accepting PayPal payments.

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MasterCard unveils PayPass Button and software

MasterCard unveils PayPass Button and software

MasterCard was one of the first companies to actively pursue contact payments in the US, and today they're announcing plants to incorporate their PayPass system across web and mobile platforms. In addition to the standard contactless PayPass kiosks that you've likely already seen in US gas stations and other retailers, MasterCard is readying the PayPass Button to sync payments for online merchants as well. In practice, it bears a striking resemblance to PayPal, with the benefit of being already integrated with your credit card.

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WePay tries to keep PayPal on its toes

WePay tries to keep PayPal on its toes

In the current environment of social payment services and the explosion of alternative payment methods both online and in-store, the largely unknown PayPal rival WePay thins now is the time for it to stand up and show that a monopoly in the online money-sharing market doesn't make sense anymore. And its investors agree. The company just announced that it has received $10 million in new funding.

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Square transactions reach $5 billion per year

Square transactions reach $5 billion per year

If anyone doubted the power of Square, which does one thing and does it well, here's a pretty salient fact for you - the company is processing transactions at a rate of $5 billion per year. Just a month ago, it was boasting of a rate of $4 billion per year. That's a 25% rate of growth in one month, and it's representative of how the market of mobile payments has exploded in the first half of 2012.

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eBay quarterly earnings see PayPal exploding

eBay quarterly earnings see PayPal exploding

There's no denying that eBay has been a force to be reckoned with in the online auction space here on the web for quite a few years - and today's earnings report supports that claim with a fury. That fury, on the other hand, is really based quite a bit on the power of PayPal, the online payment system acquired by eBay when it was clear that they were made for one another. As eBay grows, so too does PayPal - but the overall growth of the two looks just a bit sheepish compared to the growth of just PayPal alone.

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PayPal launches new tiered structure for business, seamless product integration

PayPal launches new tiered structure for business, seamless product integration

With all the new products and services PayPal has launched over the last several months, the company has now taken the organizational step of making sure all those new platforms are available and easily accessible to users, particularly those in the world of small and medium-sized business. The bottom line is that PayPal will now offer a free level as well as an Advanced tier and a Pro tier.

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PayPal’s mobile VP promoted to president

PayPal’s mobile VP promoted to president

If you needed another indication that mobile payments are PayPal's future, David Marcus is all the proof you need. Marcus was the top dog in the company's mobile division, and under his leadership a whole bevy of new mobile initiatives have launched. Now, he'll oversee the entire Ebay-owned online payment platform. Ebay announced the structural change today, and it means PayPal will continue to steam ahead in this still-nascent market.

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