Thu, May 24, 2012
Apple CEO gives up $75 million in dividend income
By Poornima Gupta
SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook will not be earning dividend income on the more than 1 million ...
Thu, May 24, 2012
Dish, TV networks take fight over ad zapper to judges
By Liana B. Baker and Jonathan Stempel
(Reuters) - The battle between satellite and broadcast TV for viewers headed to U.S. courts on Thursday ...
Thu, May 24, 2012
PayPal strikes deals with 15 retailers
By Alistair Barr
SAN FRANCISCO (Reuters) - PayPal unveiled deals with 15 retailers including Toys R Us, J C Penney
The deals add to a pact with Home Depot
One of the most important sources of future growth for eBay Inc-owned
EBay Chief Executive John Donahoe and Chief Financial Officer Bob Swan told Wall Street earlier this year that PayPal planned to sign up about 20 big retailers for the offline effort in 2012.
"They said 20 large merchants would partner with us this year. This is only our first installment. There will be others," Don Kingsborough, the PayPal executive overseeing the offline initiative, said from its headquarters in San Jose, California.
Other retailers announced on Thursday for PayPal's in-store service were Office Depot
PAYPAL HERE
David Marcus, PayPal's new president, said PayPal may process more than $7 billion worth of mobile payments this year.
He also reported that more than 300,000 small businesses have registered for PayPal Here, the company's card payment service that works with smart phones and competes with start-up Square Inc. PayPal Here was launched in March.
Earlier on Thursday, PayPal said it signed agreements with VeriFone Systems
VeriFone and Equinox provide payment terminals that are used in stores run by many of the world's largest retailers. PayPal signed a similar deal with the other leading payment terminal provider, Ingenico, earlier this year.
These agreements should help PayPal's offline expansion, giving it potential access to almost 40 million payment terminals that are already installed in stores worldwide.
PayPal's service was rolled out in 2,000 Home Depot stores quickly this year, partly because no new hardware needed to be bought or installed by the retailer. Instead, just the software on these payment terminals needed to be upgraded.
"An important part of our future is to get to ubiquity," said Kingsborough on Thursday. "There will be 40 million terminals eventually to let consumers buy in stores with PayPal. That's one of the big building blocks we have to get to ubiquity."
(Reporting By Alistair Barr; Editing by Tim ...
Thu, May 24, 2012
VeriFone sees third quarter sales below estimates, shares fall
(Reuters) - VeriFone Systems Inc
Thu, May 24, 2012
RealNetworks to refund customers in online subscription dispute
(Reuters) - Online media company RealNetworks said it will set up a $2 million compensation fund for some of its subscribers to settle a complaint ...
Thu, May 24, 2012
Citadel lost $30 million in Facebook fiasco: source
NEW YORK (Reuters) - Citadel Securities' market-making business lost around $30 million due to Facebook Inc's botched initial public offering on Nasdaq OMX Group ...
Thu, May 24, 2012
U.S. weighs aircraft for post-disaster communications
By Jasmin Melvin
WASHINGTON (Reuters) - U.S. regulators are looking for ways to accelerate the use of drones and other aerial technologies to restore ...
Thu, May 24, 2012
Microsoft wins ruling against Motorola over texting
FRANKFURT (Reuters) - A German regional court ruled in a hearing on Thursday that Motorola Mobility infringed Microsoft patents by offering the option on its ...
Thu, May 24, 2012
BlackBerry stock falls after sales chief resigns
By Alastair Sharp
TORONTO (Reuters) - Shares in Research In Motion Ltd fell more than 3 percent on Thursday morning after the BlackBerry maker said ...
Thu, May 24, 2012
Analysis: Hard-up telcos get stingy with mobile give-aways
By Leila Abboud
PARIS (Reuters) - Save up now for that new iPhone: the era of free or cut-price phones when signing a new mobile ...
Recent Comments