Visa announced Google received a worldwide license to Visa “payWave” NFC-based payment technology, allowing users to conduct payments by waving their mobile phone in front of a payment terminal. This is the latest effort by Visa and Google to simplify the consumer shopping experience by enabling them to make mobile payments using their mobile phones. This includes Visa’s own digital wallet announced earlier this year which is designed to provide consumers with “click-to-buy” payment functionality and access to their Visa and non-Visa accounts using a personal computer or smart phone, to make purchases online and at retail locations.
Visa, Visa Europe and Google announced Google has received a worldwide license to Visa “payWave” NFC-based payment technology. Visa “payWave” lets users make fast and secure payments at retail locations by waving their mobile phone in front of a payment terminal and is currently accepted at hundreds of thousands of retail locations worldwide. With this partnership, Visa-issuing banks worldwide can allow Visa account holders to add their credit, debit and prepaid accounts to “Google Wallet” mobile application that turns a smart phone into a digital wallet. This is the latest effort by Visa and Google to simplify the consumer shopping experience by enabling them to make mobile payments using their mobile phones.
Visa, Visa Europe and Google announced Google has received a worldwide license to Visa payWave NFC-based payment technology. The agreement sets the stage for Visa-issuing banks worldwide to enable Visa account holders to add their credit, debit and prepaid accounts to Google Wallet – a mobile application that turns a smart phone into a digital wallet. This is the latest effort by Visa and Google to simplify the consumer shopping experience by enabling them to make mobile payments using their mobile phones. Google Wallet is designed to enable an open commerce ecosystem enabling consumers to carry payment cards, offers, loyalty and gift cards.
VeriFone global payment solutions is partnering with Google to deploy “Google Wallet” Android app that allows consumers to use virtual versions of their existing plastic cards stored on their phones. Consumers will simply tap their phones to VeriFone’s NFC-enabled payment systems at the point of sale (POS) to pay, take advantage of promotions and redeem coupons, for which trials are occurring at major retailers including American Eagle Outfitters, Bloomingdales, Champs Sports, Foot Locker, GUESS, Macy’s, Radio Shack, The Container Store and Toys”R”Us. VeriFone provides merchants with flexibility and easy migration to Google Wallet and the ability to leverage NFC to increase sales and customer loyalty through multi-application, interactive systems.
PayPal has introduced “PayPal Pay Later” that allows merchants to offer promotional financing for buyers to defer payments. The PayPal Pay Later service allows online merchants to offer a transactional credit account with flexible financing options to buyers at check out – even if a buyer doesn’t have a PayPal account. Financing options, such as no payments for 90 days, give merchants new ways to market to online shoppers. PayPal has more than 153 million accounts in 190 markets and 17 currencies around the world.
Northwest Airlines is now offering PayPal and will award Bonus Miles when purchasing tickets online. Northwest Airlines is offering WorldPerks members 500 Bonus Miles for purchasing tickets at nwa.com using a PayPal account. WorldPerks enrollment is required. Northwest Airlines offers approximately 1,400 daily departures and is a member of SkyTeam, an airline alliance that offers customers one of the world’s most extensive global networks.
Monster this week announced PayPal will be available as a payment method on Monster’s eCommerce site.. Millions of merchants already use PayPal to accept payments for their e-commerce sites. Now it is even more convenient for merchants to use the funds already stored in their PayPal accounts to help them staff their businesses for the new year with Monster’s recruiting services. Monster(R) is the leading global online careers and recruitment resource. PayPal, an eBay (NASDAQ: EBAY) company, enables any individual or business with an email address to send and receive payments online securely and easily using a bank account, credit card or stored balance.
HP is now offering PayPal as a payment option at the HP Home & Home Office Store. The most comprehensive selection of HP technology products and supplies will now be available to PayPal’s more than 122 million accounts. PayPal customers can customize desktop and notebook PCs based on their personal preferences and select from HP’s new line of high-definition products, including a 17-inch widescreen diagonal HD-DVD notebook and an HD-DVD Media Center TV PC. PayPal enables any individual or business with an email address to send and receive payments online securely and easily using a bank account, credit card or stored balance. HP is a technology solutions provider to consumers, businesses and institutions globally.
PayPal has formally introduced a new product suite for small- and medium-sized businesses. The new “PayPal Website Payments Pro” suite includes: “Express Checkout,” “Direct Payment API” and “Virtual Terminal.” “Express Checkout” helps buyers with PayPal accounts pay for items in just three clicks on a merchant’s website. “Direct Payment API” is for buyers who don’t have PayPal accounts. “Virtual Terminal” supports phone, fax and mail orders by providing merchants with an online interface to manually enter credit card transactions through the PayPal system. “Website Payments Pro” is PayPal’s first non-hosted payment suite. Pricing for the new service is $20 per month (waived for most of this year) and a per-transaction rate of 2.2% to 2.9% plus 30 cents.