Rolling out new system
PayPal is rolling out its in-store payments system, allowing customers to make payments using either a PayPal credit card or their mobile phone number, to all Home Depot stores in the US, as the firm explores new digital payment options. PayPal is rolling out the technology after an extended test phase, despite criticism from rival Visa that the system is vulnerable to security attacks. PayPal, which powered a 6% increase in parent eBay’s Q4 profits, has said that it plans to offer its service at 20 major retailers over the next 12 months as it attempts to bridge the gap between online and offline commerce.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
