Executive Briefings

PayPal Looks to Bring Its Point-of-Sale Solution to Retail in a Big Way

No one wants to spend a second more than they have to paying for their purchases, so payment technology companies know a thing or two about moving quickly. PayPal certainly does: just a few days after announcing the expansion of its brick-and-mortar payments pilot with Home Depot from five stores to 51, published reports indicate that if the no-card, no-phone payment test is successful, it will be made available in more than 2,000 Home Depot stores by March.

In addition, Reuters reports that Office Depot is testing PayPal's POS solution in a few of its stores. PayPal, a division of eBay, has said it plans to offer the service at 20 major retailers by the end of 2012, but it has not yet named the others.

"We anticipate [the PayPal solution] will give consumers better shopping experiences and more flexible payment choices," said eBay CEO John Donahoe. "And for retailers, we believe this will give them opportunities to not only engage consumers at checkout, but also throughout their entire multichannel shopping experience."

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No one wants to spend a second more than they have to paying for their purchases, so payment technology companies know a thing or two about moving quickly. PayPal certainly does: just a few days after announcing the expansion of its brick-and-mortar payments pilot with Home Depot from five stores to 51, published reports indicate that if the no-card, no-phone payment test is successful, it will be made available in more than 2,000 Home Depot stores by March.

In addition, Reuters reports that Office Depot is testing PayPal's POS solution in a few of its stores. PayPal, a division of eBay, has said it plans to offer the service at 20 major retailers by the end of 2012, but it has not yet named the others.

"We anticipate [the PayPal solution] will give consumers better shopping experiences and more flexible payment choices," said eBay CEO John Donahoe. "And for retailers, we believe this will give them opportunities to not only engage consumers at checkout, but also throughout their entire multichannel shopping experience."

Read Full Article