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VeriFone Systems, Inc. Message Board

  • tmurphy227 Mar 13, 2012 2:10 PM Flag

    Paypal and Samsung News

    I am not sure how this plays out for PAY. I was hoping that PAYPAL would join with PAY. Seems they want to go it alone. As for Samsung they seem to be a little behind curve. This is a gold rush and who knows who comes out on top.

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    • " deleting incriminating..."

      Idiot. Can you believe I attended university?

    • I'm dining on your food for thought, hyco, and will pay for it the old-fashioned way: with my Amex mag stripe card.

      While I'm waiting for the waitperson to return with the bill and my card, I will prepare for the future by incriminating photos and messages from my cell.

      (Hi, raggs. 70 today in NYC. You continue to enjoy, we've got you covered.)

    • The Paypal dongle is another way for small merchants to take credit who do not accept credit today.

      With respect to Samsung, there is a large unsettled fight on how people will carry their credit cards. However, no matter who wins, handset makers or networks, I doubt we are going to hand our phone to the server and the server takes it back to a credit acceptance device. Seems to me, many retailers and restaurants that currently take credit, will have to upgrade hardware and software to bring a device to the table so that one can waive their phone.

      Looks like a lot of uncertainty and certainly some chance of disruptive technology, but as long as PAY's management is willing to move with the technology as opposed to dig in their heels with the old technology, a bet on the largest payment solution provider is the best bet.

    • murph, care to flesh out the story a bit?

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