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October 30, 2012 · 1 Comment

PayPal Restructures Product Organization

Cuts 325 employees toward creating 'agile' development teams.

PayPal announced Monday that it will lay off 325 full-time employees and 120 contractors in a restructuring of its product organization. The announcement confirms recent reports that PayPal would cut as many as 400 from its workforce of 13,000 to simplify development efforts, which the company had already begun refocusing around mobile payments. Read More

August 14, 2012 · 1 Comment

PayPal Lets Students Buy Textbooks with Phones

Service available on 10 Australian college campuses.

PayPal Australia is changing how university students buy textbooks through a new partnership with Australia’s second-largest bookstore. The partnership with Co-op Bookshop will allow university students on 10 campuses to use their smartphones to scan QR codes displayed on bookstore walls, and pay for the books with their PayPal accounts, the payment processor reports. Read More

June 13, 2012 · No comments

Coming Soon: Shop on Your TV

PayPal partners with Comcast, TiVo to enable 't-commerce.'

Starting this fall, cable subscribers with PayPal accounts will be able to buy items they see on TV with a click of their remote control. PayPal has teamed with TiVo and Comcast to allow consumers to buy products featured in interactive commercials and make donations while watching TV, using either their remote or a tablet device, says Scott Dunlap, vice president of emerging opportunities for PayPal. Read More

May 22, 2012 · 4 Comments

PayPal Most Popular for Online Payments

But the payment gateway ranks average for speed, study finds.

PayPal may be the most popular payment gateway on the Web, but it could use a little improving when it comes to speed, according to a recent study by New Relic, an application performance management company. It found that, though eBay’s payment processor accounted for about 60 percent of the more than 65,000 online transactions that took place during its test period—making it the most popular gateway on the Web—PayPal was 10th in terms of speed, with a mean transaction time of 1.45 seconds. Read More

May 9, 2012 · No comments

PayPal Expands Presence in Asia

Company announces new payment service and development center.

PayPal is expanding its reach around the world with two ventures that give it a greater presence in Asia, officials announced this week. The first initiative is a partnership with Softbank, Japan’s third-largest mobile phone company. With it, the two companies will launch PayPal Here, a service that will allow Japanese businesses to accept credit, debit and PayPal payments through their smartphones. Read More

April 4, 2012 · 3 Comments

PayPal Revamps its Payment Options

All-in-one solution, PayPal Payments, targets small businesses.

PayPal has repackaged its payment tools to provide an all-in-one solution meant to give small merchants more flexibility in how they receive payments. The new offering, called PayPal Payments, is a tiered structure that rolls in online payments, mobile payments, in-person payments via PayPal Here, invoicing capability and debit card access to PayPal funds. Read More

March 29, 2012 · No comments

Zong Founder Named President of PayPal

David Marcus joined PayPal with Zong acquisition.

Zong Founder David Marcus has been named president of PayPal, filling a position vacated in January by Scott Thompson, who left to be CEO of Yahoo. Marcus’ appointment was announced on the PayPal Blog this morning by John Donahoe, CEO of eBay, which owns PayPal. Read More

March 15, 2012 · 1 Comment

Mobile Users Can Now Take ‘PayPal Here’

Payment processor unleashes its card-swiping device.

The e-commerce industry is finding new ways to capitalize on mobile technology and stretch it to its limits. PayPal has been churning out some new innovations to employ its services through mobile devices and today released PayPal Here, a mobile credit card reader. Read More

February 28, 2012 · No comments

eBay, PayPal Step Up Mobile Efforts

New partnerships seek to make mobile commerce more viable.

eBay and PayPal continue their drive into mobile commerce with several new partnerships and integrations that will make mobile commerce more viable. eBay and are collaborating to offer mobile devices that will be preloaded with eBay apps. Three is a leading mobile network provider in the U.K. Read More

PayPal Shop and Pay On-the-Go
February 10, 2012 · No comments

PayPal Pilots ‘Pay On the Go’ in Singapore

QR-reader app lets subway commuters shop via mobile phones.

Pushing forward with its vision of shopping “anytime, anywhere and any way,” PayPal has begun piloting an on-the-go payment service in Singapore’s subways. The Shop and Pay On the Go program, which is live in 15 subway stations, lets consumers use mobile devices to scan advertisements and make purchases on the spot. Read More

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