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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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PayPal VP jumps ship to Square

PayPal VP jumps ship to Square

Almost immediately after PayPal became a legitimate competitor to mobile payment innovator Square, one of the company's vice presidents decided she would rather work for the new up-and-comer. Square's dominance in the market of expanding the way people pay with their phones is going to be put to the test, and it needs someone to guide the company in the right direction.

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Mastercard’s transactions to double by 2018 thanks to mobile payments

Mastercard’s transactions to double by 2018 thanks to mobile payments

The number of transactions that are handled by Mastercard's payment services is expected to almost double in the next six years, to 53 billion. The reason, according to analysts, is because of the company's extensive growth in the world of mobile payments. It's a segment that is seeing a lot of attention right now, and one that will enable Mastercard to get billions of new customers.

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PayPal Here demonstrated for mobile payments

PayPal Here demonstrated for mobile payments

This week the folks at PayPal have revealed a mobile payment project aiming to take on the already popular Square platform, working with a triangular piece of hardware that plugs into your iPhone. This new project is set to be titled "PayPal Here" and will be plugging in to your headphone jacks soon, complete with a "wing" hinge which keeps the hardware steady as you swipe your credit card through. The app that goes with the hardware goes by the name PayPal Here as well, these two pieces of the equation adding up to your ability to take payments from anyone with a credit card anywhere you like.

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PayPal digital wallet introduced

PayPal digital wallet introduced

PayPal has just lifted off the covers of its new digital wallet platform, which now only aims to further increase its presence in emerging digital payments but also adds some new and interesting features to the market. For example, users can specify various rules for automatically selecting a specific payment method based on purchase price or merchant. It will reportedly replace the existing PayPal.com home page, which hasn't been updated in years.

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PayPal rumored to offer Square-like service

PayPal rumored to offer Square-like service

PayPal has made a lot of advancements in a very short period of time. In just the last several months, the company has launched Near Field Communication (NFC) contactless payment exchange between phones, it enabled users to deposit checks via a mobile app, and it rolled out the ability to pay at the retail point-of-sale at virually all Home Depot locations. Now, it's going to the next step.

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Google denies Android app payment crack-down

Google denies Android app payment crack-down

Google has denied penalizing developers for using third-party payment services, contesting claims that it told Android app makers they risked marketplace rejection for using PayPal or others instead of Google Wallet. Despite reports earlier this week that Google had contacted developers using PayPal, Zong, Boku or other payment providers, and threatened to suspend their listings in the freshly-renamed Google Play marketplace, the search company says its policy on payments is unchanged.

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