A couple of interesting posts about PayPal this week.
First, they presented their ideas about competing with Visa and MasterCard at physical points-of-sale.
“PayPal set up several user scenarios that are intended to disrupt the way we pay for things online and in stores today, using a variety of technologies. What stood out was that none of the scenarios required merchants to adopt new infrastructure or buy new terminals. Likewise, customers won’t be required to upgrade their phones or have certain types of bank accounts. Instead, PayPal users (of which there are 100 million worldwide) will be able to pay by entering a phone number and a PIN code at the existing payment terminals, or by swiping a PayPal-issued card that’s not associated with a bank and does not have an account number printed on the front.”
This was followed up by a blog post from PayPal President Scott Thompson, PayPal Unveils the Future of Shopping:
“PayPal is re-imagining money and making it work better for merchants and consumers – whatever device you’re on, wherever you are in the world, and however you prefer to pay (whether that’s cash, credit, or installments).”
Which has led to all sorts of headline write-ups in various media.
Bottom-line, as I’ve said so often recently, there is no online and offline anymore. Just real-time …