PayPal is rolling out a new payments platform for online and local merchants that it says will give customers an improved shopping and buying experience.
The platform will include location-based offers, and will be accessible from any device (not just mobile phones), PayPal President Scott Thompson announced in a blog post today.
"PayPal is reimagining money and making it work better for merchants and consumers--whatever device you're on, wherever you are in the world, and however you prefer to pay (whether that's cash, credit, or installments)," Thompson wrote.
The eBay-owned pioneer of peer-to-peer payments gave merchants including Home Depot and Sports Authority a sneak peek at its new offerings today in Los Angeles, but it hasn't yet offered the public too many details beyond words like "seamless" and "flexibility." The PayPal graphic above does offer some hints as to what the platform will offer, though, including bar code scanning and real-time inventory availability.
We also know, thanks to AllThingsD's one-on-one briefings with PayPal execs, that merchants won't need to adopt new infrastructure or purchase new terminals to opt in to the system. Neither, apparently, will customers need to upgrade their phones. … Read more