VeriFone Extends Mobile Payments Acceptance with PayPal

VeriFone Systems, Inc. PAY today announced that it will expand eBay, Inc.'s EBAY PayPal payment acceptance in the mobile environment and further integrate the worlds of online and traditional card-based payments.

During PayPal X Innovate 2010, the companies showcased the planned integration of PayPal payment with VeriFone's PAYware Mobile card encryption sleeve for iPhone and announced:

• PayPal's merchant acceptance application will be enhanced to support traditional card-based payments using VeriFone's PAYware Mobile card encryption
• The PAYware Mobile App will be enhanced to support PayPal Bump technology that enables iPhone users to bump their phones together to transfer money between them
• VeriFone will, upon integration, promote PayPal and Bump acceptance to its vast reseller channel
• PayPal will market VeriFone's PAYware Mobile to its user base
• The planned integration by VeriFone will enhance its PAYware Connect payment gateway service to provide merchants with integrated transaction reports for PayPal and traditional card payments