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anonymous

PayPal Debuts Its Newest Hardware, Beacon, A Bluetooth LE Enabled Device For Hands-Free... - 6 views

techcrunch.com/...ds-free-check-ins-and-payments

itgs paypal payment

shared by anonymous on 10 Sep 13 - No Cached
  • anonymous on 12 Sep 13
     
    summary yongkyu
  • ...2 more comments...
  • Smile Dhanaraks on 18 Sep 13
     
    describe the IT systems
  • yongkyu96 on 18 Sep 13
     
    One of David Marcus's biggest challenges when taking on the role of President of PayPal was extending the platform into point of sale, and making it easier to pay with PayPal than swiping your credit card. But changing consumer behavior is an enormously difficult task. PayPal played with geo-location leveraging GPS and Wi-Fi for iOS and Android. These technologies are what powers Square's hands free payment system 'Pay with Square. But they found that it ended up being a poor experience for the consumer because it sucked the batter life out of their phones. PayPal also warns that it is aware of the potential privacy issues so PayPal Beacon won't constantly track your location unlike other technologies. If you enter a store and decline to check in, or just ignore the prompt entirely, no information is transmitted to PayPal or the merchant. PayPal has also said that there will be no ads served via the platform. As evidenced by PayPal latest app update from last week, the company is making a big bet on creating an in-store experience for both consumers and retailers. It's ambitious to say the least because not only does the payments company have to change the behavior of the consumer (from just swiping a card) but it also has to convince retailers and the 100 million plus PayPal users that it is worth it. Marcus says that providing a frictionless experience for both parties will be the key to success when changing behavior.
  • anonymous on 30 Sep 13
     
    Describe IT. Alex Oct 4
  • Alex Lenk on 17 Oct 13
     
    Bluetooth Low Energy: Allows connected devices to communicate with each other while keeping the energy consumption of the devices at a very low level. The transaction should take place without GPS, other apps running, or even without a phone signal. PayPal Beacon: A small hardware device that runs on its own Wi-Fi, plugs into an outlet and serves as a beacon to other devices. It updates itself and the storekeeper doesn't have to touch it at all. It will track your location according to privacy issues. It is completely up to you whether you accept or decline Beacon when you enter the store. A hands free check in payment device.
anonymous

Smarter ways to pay | Bangkok Post: tech - 10 views

www.bangkokpost.com/...smarter-ways-to-pay

itgs mobile payments

shared by anonymous on 21 Aug 12 - No Cached
  • charge it to their credit cards simply by saying their names.
  • Starbucks is also investing $25 million (about 787 million baht) in Square as part of its latest round of financing, which values the company at $3.25 billion, and Howard Schultz, Starbucks' chief executive, will join Square's board. Starbucks has offered its own mobile payment app since last year and processes more than a million payments a week. Customers will continue to be able to use it, but they will also be able to use Pay With Square, Square's cellphone app, which eliminates even having to take the phone out of your pocket or sign a receipt.
  • At first, Starbucks customers will need to show the merchant a barcode on their phones. But when Starbucks uses Square's full GPS technology, the customer's phone will automatically notify the store that the customer has entered, and the customer's name and photo will pop up on the cashier's screen. The customer will give the merchant his or her name, Starbucks will match the photo and the payment will be complete.
  • ...3 more annotations...
  • challenge
  • Square, which was introduced in 2010, is one of many businesses _ like Google, PayPal, Sprint and Microsoft and start-ups like Scvngr and GoPago _ that are trying to offer mobile payments. But they have been slow to catch on as they require the cooperation of many players, including retailers, credit card firms, banks, phone carriers and phone makers.
  • compelling, safe and convenient experience for shoppers
  • anonymous on 21 Aug 12
     
    Article Analysis
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