PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

PayPal Acquires Mobile-App Developer

Mercator Advisory Group by Mercator Advisory Group
March 14, 2013
in Analysts Coverage
0
Wide range of gift card ideas for all types of people

gift card gifts aimed at mums, dads, children, teenagers etc!

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The ever-changing payments landscape is moving and changing so quickly, PayPal Inc. felt it needed greater agility and expertise, so on May 13 it announced the acquisition of mobile-app developer Duff Research.

The Duff Research team reportedly will remain together at PayPal and help make it easier for consumers and merchants to use PayPal’s digital wallet. Duff has built some 40 mobile apps for such companies as TiVo and Adidas.

From Reuters:

“What we’re really after with this deal is the innovators and experience. … We are reinventing our organization to be more technology led,” James Barrese, PayPal chief technology officer.

Seems it wasn’t that long ago that PayPal was the company chipping away at traditional card network online-payments volume, but now it finds itself facing market newcomers with similar goals that now could affect the eBay Inc. payment unit’s bottom line.

Square Inc., led by Twitter founder Jack Dorsey, is among the new companies PayPal finds itself faced with having to address. Interestingly, VeriFone Systems Inc.’s perceived threat from Square in the micromerchant space led VeriFone to venture outside its core business of meeting the needs of larger merchants, and that subsequently led to the end of CEO Doug Bergeron’s reign over the company earlier this week, about two weeks after it sold its Sail micromerchant-terminal business. It’s too soon to tell whether PayPal might be overreacting to Square’s presence, but adding expertise that will help to improve its mobile wallet won’t hurt, and it could provide additional benefits down the road.

Click here to read more from Reuters.

Tags: Mobile Payments
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023
    faster payments

    Faster Payments Are Set to Revolutionize Modern Digital Payments

    January 26, 2023
    How AI can Help Manage Payments Risk in 2023

    How AI can Help Manage Payments Risk in 2023

    January 25, 2023
    cross-border payments

    How to Implement Effective and Innovative Cross-Border Payment Strategies

    January 24, 2023
    credit card experiences, digital payments, b2b payments

    Will Consumer-to-Business Payment Trends Drive B2B Global Growth in 2023?

    January 23, 2023
    Faster Payments Faster Identity Verification, connected car, payments

    2023 Predictions: Authentication, Digital Identity, and In-Car Payments

    January 20, 2023
    bank data

    Interconnectivity, Data Sharing, and Security Are Vital for Banks to Thrive

    January 19, 2023
    B2B Payments, cryptocurrency

    Crypto as a Practical Solution to B2B Payments

    January 18, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Brighterion eBook - The power of today’s market-ready AI to reduce transaction fraud