Tag - Paypal
PayPal is bringing out its Here card reader accessory to the United States, following releases in the United Kingdom and Australia over the last two years. The Here Chip Card Reader will allow small retailers to accept card payments via their smartphone or tablet, but this version includes support for EMV chip card transactions and contactless payments, as well as the traditional magnetic stripe system most US-based card transactions use.
Digital money transfer providers PayPal and Xoom have announced a definitive agreement under which PayPal will acquire Xoom for $25 per share in cash or an approximate $890 million enterprise value. The transaction represents a premium of 32 percent over Xoom's three-month volume-weighted average price and was unanimously approved by the Boards of Directors of both companies, as well as the Board of eBay, PayPal's parent company (for the time being).
Online auction giant eBay today announced that its board of directors has approved the completion of the previously announced separation of eBay and PayPal into independent publicly traded companies. The separation will occur through a pro rata distribution of all of the stock of eBay's subsidiary PayPal Holdings to eBay stockholders. The stock distribution still awaits necessary regulatory approvals, both in the US and overseas.
PayPal will pay out $25 million in fines and restitution, as part of a settlement in a case claiming it deceived customers over credit schemes. The Consumer Financial Protection Bureau (CFPB) filed a complaint and proposed consent order to a federal court on Tuesday that PayPal enrolled customers into PayPal Credit without their permission, promoted benefits it failed to provide, and mishandled disputes over billing.
PayPal has made two announcements relating to mobile payments at Mobile World Congress, including an acquisition. The company has purchased Paydiant, a startup that provides mobile wallet services to retailers and banks for payments, loyalty cards, and coupons. At the same time, PayPal advises it will be making an updated version of its Here Chip and PIN reader, this time one that works with NFC.
File storage locker Mega has experienced a major setback. Effective immediately, and at the alleged exhortation of the US government, Paypal has ceased processing payments for the service, despite PayPal's reported confirmation that Mega is a legitimate business. PayPal has since said that the company's "unique encryption model" securing its files presents an insurmountable difficulty to confirm legal compliance.
New York City is considering upgrading its options for paying parking tickets to include more modern platforms, such as Apple Pay, according to MarketWatch. The focal point would be a new mobile app allowing people to scan a ticket and then use Apple Pay, or other options such as PayPal or potentially Bitcoin. The same app would give drivers the choice to schedule a hearing instead.
Apple has begun accepting PayPal at its US and UK online stores, reports note. The option has been present for some time when making a purchase through iTunes, including the App Store and the iBookstore, but missing from Apple's websites. When checking out, PayPal is listed as the only alternative to a credit or debit card.
PayPal is filling out its roster of apps for mobile payments by smartwatch, with the launch of its first Pebble app. Available to download from the Pebble App Store, the PayPal app allows the wearer to make payments in stores directly from the watch, without needing to bring out their payment card or having to interact with the smartphone PayPal app.
Apple and PayPal were indeed in talks regarding Apple Pay, but those were cancelled after Samsung signed a deal to let people make PayPal transactions using the fingerprint sensor on the Galaxy S5, sources say. The people suggest that Apple was so upset that it not only backed out of talks but chose to exclude PayPal as an acceptable platform in developer documentation. Blame has been laid on eBay CEO John Donahoe, who went ahead with the Samsung deal despite opposition from former PayPal president David Marcus, who reportedly believed it might cause problems with Apple.
Now AAPL Stock: 120 ( + 0.96 )
Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE