23 October 2017
visit www.atos.net

VeriFone extends mobile payments acceptance with PayPal

26 October 2010  |  10532 views  |  0 iphone apps on screen

In a move that merges traditional card payments with mobile, VeriFone is integrating its Payware system for the iPhone with PayPal's merchant acceptance application.

Payware Mobile consists of an app and physical sleeve for iPhones, turning the handsets into a card present point-of-sale device.

The partnership sees this sleeve integrated with PayPal payments. In addition, PayPal's application has been updated to support traditional card-based payments using VeriFone's Payware Mobile card encryption.

The Payware Mobile App will also be upgraded to support PayPal Bump, which lets iPhone users bump their handsets together to transfer money between them.

The new integrated capabilities are expected to be ready next year and the pair have also agreed to promote each other's offerings to their users.

Osama Bedier, VP, platform, mobile and new ventures, PayPal, says: "Online and offline are quickly converging and, with this new business relationship, both merchants and consumers will benefit, upon integration, from the ability to use the mobile wallet anytime, anywhere."

The PayPal tie-up sees VeriFone gain another advantage over much-hyped rival Square in the phone-as-payment-card-reader market. Over the summer, Square founder Jack Dorsey was forced to delay shipping the product because of emerging fraud concerns, admitting parts were released "before they were fully baked".
KeywordsE-COMMERCE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

VeriFone in talks to buy Gemalto POS business

VeriFone in talks to buy Gemalto POS business

21 October 2010  |  8644 views  |  0 comments
VeriFone makes hostile bid for Hypercom

VeriFone makes hostile bid for Hypercom

30 September 2010  |  8969 views  |  0 comments
Google considers PayPal payments option for Android apps

Google considers PayPal payments option for Android apps

16 August 2010  |  8962 views  |  1 comments
PayPal more popular for online buying than debit cards - US survey

PayPal more popular for online buying than debit cards - US survey

13 August 2010  |  9350 views  |  0 comments
PayPal boosts eBay Q2 results

PayPal boosts eBay Q2 results

22 July 2010  |  8670 views  |  0 comments
PayPal launches mobile version of Express Checkout

PayPal launches mobile version of Express Checkout

02 July 2010  |  10237 views  |  0 comments
Square roll-out delayed over security concerns

Square roll-out delayed over security concerns

21 June 2010  |  14036 views  |  1 comments
PayPal mobile developer library enters open beta

PayPal mobile developer library enters open beta

28 April 2010  |  9564 views  |  0 comments
PayPal iPhone app downloaded one million times in three weeks

PayPal iPhone app downloaded one million times in three weeks

07 April 2010  |  10581 views  |  0 comments
PayPal iPhone app lets users 'bump' phones to pay

PayPal iPhone app lets users 'bump' phones to pay

16 March 2010  |  13001 views  |  0 comments
Twitter founder Dorsey launches mobile phone credit card reader

Twitter founder Dorsey launches mobile phone credit card reader

02 December 2009  |  19054 views  |  2 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19183 views comments | 28 tweets | 41 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15126 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10946 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
8984 views comments | 14 tweets | 28 linkedin

Featured job

circa £250K total package
London

Find your next job