Near Field Communications Handsets and Tags, NFC Pilots and Projects

Paypal, VeriFone partner to expand m-payment services

Tuesday, November 2, 2010

VeriFone Systems Inc. has announced that it will integrate PayPal into its PAYware Mobile contactless payment service.

The partnership will see PayPal’s merchant acceptance application enhanced to support traditional card-based payments using VeriFone’s PAYware Mobile card encryption. In turn, VeriFone’s PAYware Mobile App will be enhanced to support PayPal Bump technology, enabling iPhone users to bump their phones together to exchange cash.

The planned integration by VeriFone will also enhance its PAYware Connect payment gateway service to provide merchants with integrated transaction reports for PayPal and traditional card payments [end] 

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