card payments

Dennis Faas's picture

PayPal Launches Smartphone Credit Card Reader

PayPal has unwrapped a new device that allows anyone with a smartphone to accept credit card payments. Unlike some other systems, "PayPal Here" doesn't require any special chips be installed in the phone itself. The idea is to tackle two existing ... problems for merchants who want to take credit and debit card payments: First, card payments usually require the merchant to have a device with telephone connectivity, to allow instant bank verification of the customer's identity and account. Second, taking such payments often entails hefty fees from the card-issuing bank, the merchant's ... (view more)

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