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.
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Parallels Access 3.1 updated for iPad Pro
Virtualization software Parallels Access 3.1 has been updated with support for the 12.9-inch iPad Pro, including Apple Pencil support. The software allows remote access to your PC or Mac from anywhere to control desktop applications from iOS or Android tablets and phones, with native touch gestures, as well as from any computer with an HTML5 web browser. Featuring three resolution choices for your mobile device ("Best for your Device," "More Space," and "Same as Computer") and 3D Touch support for the iPhone 6s and 6s Plus, the update also adds a new Tablet Mode in Windows 10, which makes it easier to interact without a mouse or keyboard. http://bit.ly/1OWZqjg
Hyundai brings CarPlay to more 2016 models
Along with its previously-announced support for adding CarPlay technology to the 2016 Sonata, 2017 Elantra, and 2017 Ioniq, a leaked memo to dealers has revealed that CarPlay-supporting software updates will be available today that bring the infortainment tech to the 2015 and 2016 non-hybrid Sonata models, the 2016 hybrid Sonata, the 2015 and 2016 Genesis Sedan, the 2016 Tucson, the 2017 Santa Fe, and the 2017 Ioniq. Owners can upgrade the system themselves by visiting the Hyundai website, and will need a Mac or PC with either an SD card slot or SD card reader to transfer the update to the vehicle. http://bit.ly/1YZqkqS
Google Paris HQ raided by investigators
Google's Paris headquarters has been raided by dozens of French police. The Tuesday raid was part of an ongoing investigation into possible tax-avoidance practices, stoked by widespread dissatisfaction with the way multinationals like Google are structuring their business operations. Although trading in many countries around the globe, Google reports its international sales only in tax-friendly Ireland, similar to a practice adopted by Apple. According to French law, if it completes any of its sales contracts in France and not Ireland alone, it could be in breach of its laws. Google, for its part, denies any wrongdoing, and said that it is fully compliant with French law. http://reut.rs/1Udk2T9
Apple TV extends universal search to NBC
Apple has extended its universal search function on the Apple TV to now include NBC shows in its results, provided the user has installed the NBC tvOS app. The search results can be generated either through Siri, or through the Search app, and includes support for searches by title, genre, and actor, among other queries. NBC joins CBS, more recently, among other channels including: Disney Channel; Disney Jr; Disney XD; FOXNOW; FXNOW; HBO GO; HBO NOW; Hulu; Nat Geo TV; Netflix; PBS; PBS Kids; SHOWTIME; SHOWTIME Anytime; Starz, and Watch ABC, all of which are supported by universal search. http://apple.co/25lGi5R
Comixology fires up $6 all-you-can-read service
Amazon-owned Comixology has launched an all-you-can-read comic subscription service. After a 30-day free trial, for $6 a month, subscribers can draw from a large selection of the Comixology library, minus Marvel and DC comics. For now, the service is US-only. http://bit.ly/1WMAOft
QuarkXPress 2016 now shipping
Quark is now shipping QuarkXPress 2016, the newest version of Quark's graphic design and desktop publishing software that now features near-WYSIWYG fixe HTML5 publishing as well as improved operability with InDesign and Illustrator and support for multi-Color Gradient Blends, OpenType Stylistic Sets, a Color Picker (Eyedropper tool), Touchpads for Pinch and Zoom (Mac only) and more. Users on any previous version of QuarkXPress (versions 3-10) can upgrade to version 2016 for $350, while QuarkXPress 2015 users can upgrade to 2016 for $180; new licenses are available for $850 (education licenses are available for $90). http://bit.ly/1OL23Pu
Kanex debuts GoPower USB-C for MacBooks
Kanex today introduced its GoPower USB-C, a portable power solution designed to charge a USB-C MacBook on the go along with an iPhone or iPad simultaneously. Featuring 15,000 mAh of power--capable of charging an iPhone 6s seven times or the USB-C MacBook one full time--the GoPower USB-C Portable Battery features one 3A USB-C port and one 2.4A port for other devices, priority charging detection technology and a pass-thru charging to your devices when the battery is plugged into a power source. http://bit.ly/1TKaf8z