PayPal expected to launch mobile payment dongleMarch 13, 2012 - 13:09 AMT PanARMENIAN.Net - PayPal is expected to launch a mobile payment dongle that would allow small businesses to process credit card transactions with a smartphone, CNET reports citing a post on GigaOm. The dongle, expected to be unveiled at an event Thursday in San Francisco, would put the payment processor in competition with Square, Verifone, and Intuit, sources close to the matter told the blog. PayPal representatives did not immediately respond to a request for comment. The move would build on the eBay-owned company's recent expansion into credit card territory. PayPal recently began testing a program that allows its customers to use a PayPal card or a mobile phone number and PIN code to pay for purchases at Home Depot stores in the San Francisco Bay Area. By the end of the year, PayPal plans to add 20 more retailers and expand nationally. The move would put PayPal in direct competition with Square, which is now handling $4 billion in payment volume each year. The company announced an initiative last week designed to replace the retailers' cash register. A new iPad application called Square Register lets retailers ring up an entire sale on the tablet and accept payment via a Square card reader attached to the iPad. Customers then sign in the app to confirm their purchase. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |