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Thursday, July 14, 2011

PayPal plans NFC peer-to-peer mobile payments within a few weeks

PayPal has announced a peer-to-peer NFC solution that’s expected to be available towards the end of summer 2011. A new Android widget will let people pay money to friends by ‘tapping’ two NFC-compatible phones against each other.

The application was demonstrated by Laura Chambers, Senior Director at PayPal Mobile, at the MobileBeat 2011 conference.

[PayPal blog]

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Categories: Applications, NewsNumber of views: 3929

Tags: nfc android payments applications paypal

1 comments on article "PayPal plans NFC peer-to-peer mobile payments within a few weeks"

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William Old

7/16/2011 10:20 PM

Paypal might well be fine for micro-payments or low-value purchases, but readers should bear in mind the fatal flaw with Paypal that means it should NEVER be used for higher value payments, as the payment processor for purchases using a credit card.

In short, payments of £100 or overusing a credit card usually give the purchaser, by law (Section 75 Consumer Credit Act 1977) protection if the payee fails to deliver the goods or goes bust... the credit card company (because they receive a percentage of the payment) becomes a joint second party to the contract of sale and is therefore legally just as liable as the actual supplier.

Unless, of course, Paypal is involved, because legally you are handing the payment to Paypal to hand on to the supplier... so the credit card company is only a party to the contract to make the payment, not to supply the goods and/or services.

In short - no Section 75 protection whatsoever! Never use Paypal for such a transaction - remember, it moved to Luxembourg because in 2007 they no longer wanted to be licensed by the FSA and although your User Agreement is "in accordance with" English law, it can't be enforced, as your contract is with a Luxembourg company - you can't serve PayPal (Europe) S.Ã. r.l. et Cie with a County Court claim!

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Opinion Articles

Mobile phone usability and design: we talk to MobiWire and Doro at Mobile World Congress

Mark Bridge writes:

The mobile user interface seems to fall in and out of fashion. Nokia and Apple have both transformed the mobile UI in previous years… but still the challenge of creating the 'perfect' user interface design remains.

This focus on mobile usability is the main topic of today's special podcast, which includes Chris Millington of Doro UK and Jerome Nadel from MobiWire.

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This week at The Fonecast: 19th February 2011

Mark Bridge writes:

This week has been dominated by the media frenzy that is Mobile World Congress. James Rosewell and I were at MWC for all four days… but even a podcast every day wasn't enough to include all the news, so expect more reports from us next week.

GSMA Mobile World Congress 2011

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Avoiding the Scissor effect intelligently

Daniel Joseph Barry of Napatech writes:

Avoiding the dreaded Scissor Effect has become the number 1 priority for mobile carriers. The scissor effect refers to the phenomenon of rising infrastructure costs and flat revenues; an unsustainable situation for any business. The scissor effect has already been witnessed in fixed line networks and now mobile carriers face the same challenge in relation to mobile data services. Is it possible for mobile carriers to grow revenue per user in line with bandwidth usage?

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Nokia crystal clear on Symbian & Microsoft

James Rosewell writes:

Nokia held their Developers Day during day 1 of Mobile World Congress 2011. Rich Green, new CTO at Nokia, kicked off the event by talking about the future of Symbian. In a nutshell here are the key facts:

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Show-starters at ShowStoppers

Mark Bridge writes:

“Hot products. Cool companies. Meet the press.”

That was the tagline for ShowStoppers, a showcase event that took place last night before today’s opening of Mobile World Congress. As you probably heard in today’s podcast, I went along and met a few of the participants.

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We're back with a month of mobile industry news, including takeover talks and takeover rumours. O2 and Three are said to be discussing a merger... but is there any truth in the suggestions that BlackBerry could be up for grabs?

We also discuss Apple's record-breaking quarterly figures, the highlights of CES and the launch of Microsoft Windows 10, as well as saying farewell to the current version of Google Glass.

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