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PayPal Overhauls Mobile Payment Services and Apps

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Oct 26, 2010, 1:09 PM   by Eric M. Zeman

PayPal today made a slew of announcements regarding its mobile payment applications and services.The first is a new serivce called Mobile Express Checkout, which allows users to remain logged into their PayPal account across devices and make two-click payments at participating vendors. The Mobile Payments Library can be used to set up pre-approved, chain, and split payments, such as for subscription services. PayPal Mobile for iPhone 3.0 added a location-based feature so PayPal app users can find nearby merchants that accept PayPal mobile payments (currently limited to a San Francisco-only beta). PayPal also announced a new partnership with VeriFone, which will work with merchants to add PayPal mobile payment capabilities to their places of business, as well as accept "Bump" payments. Last, PayPal has partnered with Appcelerator to help PayPal's merchants build apps on all three major mobile platforms (iOS, Android and BlackBerry) from one Web code base.

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