Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. Energy News .




TRADE WARS
PayPal keen on collaboration for cash-free future
by Staff Writers
San Francisco, California (AFP) Aug 11, 2013


Online financial transactions titan PayPal says it is keen to collaborate with others as it strives for a cash-free future.

"We are all about working with developers to let them take advantage of the heavy lifting we've done when it comes to moving money around the world," Hill Ferguson, the company's vice president of global product, told AFP.

PayPal -- founded 15 years ago with a vision of becoming a global currency -- has also been working with stores in the United States and abroad to let people pay for almost anything with Internet-Age digital wallets.

The trend is proliferating around the globe, according to Ferguson.

"People use their identities to represent themselves when they want to buy something, and merchants get easier ways to know who their customers are and focus on the personalized experiences," he said.

"We really see the future of money as being completely digital -- bringing the experience to the front and the payment to the background," he added. "Right now, it is just the opposite."

Ferguson spoke on the sidelines of San Francisco's Outside Lands Music and Arts Festival, where PayPal had quite a setup to tune people into the prospect of going cash-free.

For one, a mock police force patrolled for "visible wallet bulge" as the crowd jammed to the Red Hot Chili Peppers and other acts in Golden Gate Park.

"A music festival is a place where you shouldn't have to carry cash and worry about your wallet," Ferguson said.

"That is the future of commerce, and we want to show that and share that with the rest of the world."

The popularity of PayPal and rival Square, brainchild of Twitter co-founder Jack Dorsey, suggest people are growing increasingly comfortable with the idea of smartphones and tablets being a new way transact business.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Chinese cargo ship opens new trade route to Europe
Beijing (AFP) Aug 10, 2013
A 19,000-tonne cargo vessel is making the first journey by a Chinese merchant ship to Europe via the Northeast Passage, a shortened route that could revolutionise trade, state media reported Saturday. The Arctic route has become navigable due to global warming melting sea ice and promises to slash journey times by around 12 to 15 days, saving shipping companies and Chinese exporters millions ... read more


TRADE WARS
Air conditioners off as S. Korea faces power crisis

S. Korea facing power crisis

White House, Energy Department call for power grid protection

Building energy management systems a growing earner

TRADE WARS
China to become world's biggest oil importer

Lightning strike sparks Venezuela oil refinery blaze

Sit-in demands Obama stop pipeline

Iran beefs up oil tanker fleet on growing business from China

TRADE WARS
Localized wind power blowing more near homes, farms and factories

Price of Wind Energy in the United States Is Near an All-Time Low

GDF Suez sells half-share of Portuguese renewable, thermal holdings

SOWITEC Mexico - strengthening its permitted project pipeline

TRADE WARS
NREL Report Firms Up Land-Use Requirements of Solar

Schneider Electric Champions Solar Energy in Thailand

Disorder can improve the performance of plastic solar cells

Tecta Completes Solar Installation at Massachusetts Art Museum

TRADE WARS
Smoke causes incident at closed French nuclear plant

Nagasaki marks 68th anniversary of US atomic bombing

Japan to step in for Fukushima cleanup?

Areva says Niger uranium mine operational after attack

TRADE WARS
Microbial Who-Done-It For Biofuels

Microorganisms found in salt flats could offer new path to green hydrogen fuel

CSU researchers explore creating biofuels through photosynthesis

Drought response identified in potential biofuel plant

TRADE WARS
China launches three experimental satellites

Medical quarantine over for Shenzhou-10 astronauts

China's astronauts ready for longer missions

Chinese probe reaches record height in space travel

TRADE WARS
Carbon emissions to impact climate beyond the day after tomorrow

Looking to the past to predict the future of climate change

Namibia drought threatens 400,000 with hunger: govt

Future warming: Issues of magnitude and pace




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement