Amazon pushes into payments, PayPal details the technology it will be using to enable customers to make payments at Discover merchants, and Loop unveils a mobile payment solution that works with standard magnetic stripe terminals and uses NFC technology to secure users’ card data.
This 42-page report from the NFC World team examines PayPal’s plans for expansion in the international in-store payments market in 2013 and analyses the strengths of the online payments giant’s technical armoury, its vision for a digital wallet in the cloud, its ability to scale at speed and the likelihood of it gaining widespread consumer and merchant acceptance — as well as the possible reasons why the company is so negative about the prospects for NFC.
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