Content about Mobile Payment

August 17, 2012
Lowe’s, Walmart and others to deliver mobile wallet to consumers

Expectations are high that mobile payments represent the future of commerce, and a group of leading retailers this week formed a new organization to offer an alternative way to pay.

The group, Merchant Customer Exchange, will integrate a range of consumer offers, promotions and retail programs available via any smartphone. Participating retailers include Wal-Mart, Lowe's, Sears Holdings Corp. and Target. Additional members are expected to be announced in the coming months.  

January 27, 2012
PayPal extending to 2,000 HD stores

The PayPal pilot at Home Depot stores is rapidly expanding, going from 51 test locations in the San Francisco Bay Area this week to all 2,000 Home Depot stores by the end of March, according to Bloomberg News.

PayPal director of communications Anuj Nayar told Bloomberg the digital commerce company will extend the trial to 20 additional retail partners by the end of 2012.

January 23, 2012
More details on Home Depot, PayPal deal

John Donahoe, president and CEO of eBay, during a Jan. 18 earnings call expanded on the test of PayPal with retailer Home Depot. 

A division of EBay, PayPal is experimenting with extending its on-line payment system to point-of-sale retail locations. In the fourth quarter of 2011, it chose Home Depot as its first national retailer for a limited test at five stores. PayPal plans to widen the pilot to 51 stores in the Bay Area by the end of the month, Donahoe said.

He explained to investors how the payment process worked by relating his own experience.

January 9, 2012
Home Depot pilots PayPal

Home Depot is testing the PayPal system at its point-of-sale in five stores, according to an article in American Banker.

Customers can use their PayPal accounts to pay for merchandise by either entering their phone numbers and PayPal PIN, or by swiping their PayPal cards.

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