It's been roughly nine months since more than a dozen leading U.S. retailers including Walmart, Target, Best Buy, Sears and 7-Eleven first banded together to create Merchant Customer Exchange, a nationwide mobile commerce network designed to support smartphone-enabled purchases, consumer offers and mobile marketing promotions. The MCX initiative remains a work in progress, but here's what we know.
PayPal announced Cash for Registers, a new program that offers free credit, debit card, check and PayPal processing to any U.S. merchant that swaps out its existing point-of-sale system in favor of the PayPal Here m-commerce system.
PayPal unveiled a revamped version of its Log In commerce identity system optimized for mobile devices.
eBay added roughly 2.8 million new customers through its mobile applications during the first quarter of 2013, with downloads of those apps now topping 162 million since late 2008.
It's always interesting when a small developer gets acquired by a large, well-known entity, but the decision by eBay's PayPal division to buy Duff Research drew particular interest from online observers for what it said about the mobile commerce industry. Several developers and analysts interpreted the acquisition as a sign of how difficult it's becoming for even the largest technology companies to effectively crack the smartphone payment market.
PayPal is acquiring mobile software development startup Duff Research, a move to accelerate the rollout of its digital wallet efforts. Financial terms were not disclosed.
PayPal is rolling out a series of new tools enabling developers to offer more frictionless payment experiences within their mobile applications.
PayPal co-founder Max Levchin is going head-to-head with the digital commerce giant with the launch of Affirm, a new payment startup dedicated to streamlining the checkout process across smartphones and other connected mobile devices.
PayPal is extending its PayPal Here mobile payment processing platform to Europe, beating rival Square in the race to establish a beachhead on the other side of the Atlantic.
A recent PayPal mobile wallet trial in a New Jersey mall suggests both retailers and consumers remain confused by how the service works.