payment system

eBay’s online payment processor PayPal is moving offline, said Chief Executive John Donahoe in the wake of presenting quarterly results on Wednesday.

"We intend to help retailers grow their businesses offline in the same way we helped merchants grow online," Donahoe said during a conference call with analysts.

PayPal will be testing "point-of-sale innovation" with a major U.S. retailer by the end of this year, he added.

An online payment system AlertPay announced that now it supports bank transfer deposits for customers in Germany and bank transfer AND withdrawals for users in Switzerland and New Zealand.

In order to add a bank account to AlertPay account users should follow these steps:

A provider of ecommerce solutions Digital River Inc has partnered with PayPal. Now an eBay subsidiary payment system is implementing Digital River® World Payments™ solution to support local online payment processing in Brazil and Mexico.

“Digital River World Payments is a very important part of our payments program and will definitely offer a key structure support for the expansion of the company in Brazil,” said Mario Mello, PayPal’s general manager for Brazil.

According to the latest speculations in the media source Yahoo has at last resolved its problems with Alibaba over transferring Alipay payment system.

One of the sources reports that the companies reached an agreement before Yahoo's analyst meeting last Wednesday. However, the deal requires the consent of Softbank Corp founder Masayoshi Son, an Alibaba board member, who has been reluctant to come to the negotiating table.

Yahoo claimed it had been blindsided last month by Alibaba's restructuring of Alipay. Meantime, Alibaba said that Yahoo was aware of the transaction.

On Thursday Google will announce its mobile payment system to allow consumers to make payments at checkout with phones instead of cards, according to the sources that reported to Reuters.

The sources further said that Google will be partnering with MasterCard Inc, the world's second-largest credit and debit card processing network, to launch the system.

Google has teamed with MasterCard and Citigroup Inc to develop the system, the Wall Street Journal reported in March.

An online payment system PayPal is forecast to have a major boost as mobile payment systems are increasingly growing, says a new survey from market research firm GfK.

According to the research PayPal is the brand most likely to be trusted with personal financial data by consumers in nine major markets around the world.

Credit-card brands Visa and MasterCard were the next most likely global brands to be trusted, followed by Apple -- which already handles account data through the iTunes store --, Nokia and Samsung.

The first quarter turned profitable for eBay who makes every effort to make its marketplaces more attractive to online shoppers. More people were purchasing items on the ecommerce site and more merchants used its PayPal payment system.

The first quarter revenue increased by 15.9% to $2.55 billion supported by a 23% growth at PayPal and a 12% rise at its marketplaces, says eBay.

EBay is in the final stages of a three-year plan to revitalize its marketplaces unit, whose growth had slowed.

Hypercom Corporation announced the completion of the full EMV certification of all of its Artema Modular self-service payment systems and Artema Compact countertop terminals across 49 Dubai Metro stations. The system will speed ticketing for 4 million passengers per month. Now travelers in Dubai’s urban railway network will be able to make payments using their chip and PIN cards.

In association with Citigroup and MasterCard the search giant Google is developing a mobile payment system to allow Android phone owners to use their mobile phones as a kind of electronic wallet, reports the Wall Street Journal, citing people with the knowledge of the case.

With the new technology which is still at its early stage of development customers will be able to wave their Android phones in front of a small reader at the checkout counter to make payments, the Journal reported.

2Checkout.com announced the addition of another 13 international currencies to its total of 30 supported currencies.

Thus, at the moment 2Checkout’s hosted payment platform includes among others the Singapore dollar, Russian Ruble, and Ukrainian Hryvnia. Previously consumers in these markets were limited to paying for their purchases in other currencies and subject to their banks’ currency conversion fees. And now they will be able to pay comfortably and secure in the knowledge that the final price they see will be the price they pay.

PayPal started a new customer service and operations center in Chandler, Arizona. The new facility, located at 3000 West One Payment Way, will employ up to 2,000 new employees - which will help to support PayPal customers around the world.

An online payment system eBillme has partnered with CashStar for eGift cards. Now CashStar can offer a new gift card channel to retailers through eBillme by offering cash payments online.

Serbian mobile carrier Telenor is implementing a new payment services dubbed PlatiMo to enable consumers to pay their bills and perform other financial services via their mobile phones directly from their bank accounts.

At the moment Telenor in association with partner banks are working with merchants to have them join the network as soon as possible, which will allow Telenor to offer paying utility bills for electricity, cable TV, water, Internet etc. through mobile payment.

Ukash has further extended its footprint in Latin America, in its quest to make domestic and international online payments a reality for web consumers on the continent. The launch should provide a boost to Ukash’s existing international merchants wishing to tap into the continent’s two largest economies - where card penetration is typically low, and where international payments can often prove problematic.

LG Electronics will launch a swipe payment system for product and service retailers across Europe next year, according to the statement of a senior executive.

"The point-of-sale technology, which will be targeted at small and medium-sized businesses and will involve NFC or near field communications and cloud computing, is currently in beta testing," Jin-Yong Kim, vice president for business solutions at LG's Home Entertainment division, told Reuters in an interview.

"The plan is to launch it in Europe in 2012," he added.