Arab Today, arab today paypal folds startup into its smartphone wallet
Last Updated : GMT 02:17:55
Arab Today, arab today
Arab Today, arab today

PayPal folds startup into its smartphone wallet

Arab Today, arab today

Arab Today, arab today PayPal folds startup into its smartphone wallet

San Francisco - AFP

Online financial transactions titan PayPal announced that it has bought a San Francisco startup focused on using smartphone cameras to take credit card payments. PayPal has worked with Card.io to fold its technology into its own mobile application and decided to buy the company, according to PayPal vice president of global product Hill Ferguson. \"We were simply blown away by the creativity and drive of their employees,\" Ferguson said in a blog post. Financial terms of the deal were not disclosed. Card.io will continue to provide kits for software developers to build credit card scanning capabilities into applications for Apple or Android-powered smartphones, according to Ferguson. The technology lets payments be made using data captured from pictures of credit cards taken with smartphone cameras. \"We can\'t wait to get them involved in helping us change the future of shopping and payments,\" Ferguson said. PayPal has been ramping up services tailored for mobile devices as smartphones and tablet computers weave ever tighter into modern lifestyles. PayPal faces competition from startup Square, a brainchild of Twitter co-founder Jack Dorsey, and Google Wallet technology for Android smartphones. PayPal in March started to allow merchants across the world to take payments using smartphones in a direct challenge to Square. A PayPal Here system currently in \"exclusive release\" uses a triangle-shaped \"dongle\" card reader that plugs into mobile devices to let people make purchases. PayPal Here software also lets shopkeepers take payments by snapping a picture of a card with a smartphone instead of having to swipe it in the dongle. Square has been a hit with independent entrepreneurs and small businesses as wide ranging as masseuses and taxi drivers to farmers and bicycle shops. Dorsey\'s Square, based in San Francisco, has been lauded since the application and accompanying dongle, the shape of which gave the startup its name, was released in the United States in 2010. Google Wallet takes a different approach by letting users store credit card data in secure chips in Android smartphones that can transmit the data to sensors at shop checkout stations.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today paypal folds startup into its smartphone wallet Arab Today, arab today paypal folds startup into its smartphone wallet

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday