eBay Names Scott Thompson's Replacement as President of PayPal

March 29, 2012 09:10 AM Eastern Daylight Time 

eBay Inc. Names Mobile Payments Entrepreneur and Product Innovator 

David Marcus President of PayPal

SAN JOSE, Calif.--(BUSINESS WIRE)--eBay Inc. (Nasdaq: EBAY) today announced that executive David Marcus has been named President of PayPal, effective April 2. PayPal is the leading online payments provider serving millions of merchants and customers around the world with a faster, safer way to pay and be paid. A member of PayPal's executive management team, Marcus, has been leading PayPal's rapidly growing mobile payments business and has driven important mobile product innovations. Reporting to eBay Inc. President and CEO John Donahoe, Marcus succeeds Scott Thompson, who left the company in January.

As Vice President of Mobile for PayPal, Marcus has helped lead strong mobile payments volume growth and innovation, including PayPal Here. The new global service includes a free app and encrypted thumb-sized card reader, which turns any iPhone, and soon Android smartphone, into a comprehensive mobile payments solution. With PayPal Here, small businesses, service providers and casual sellers can accept debit and credit cards, checks and PayPal, or send invoices using one simple integrated product."David is the right leader for PayPal," Donahoe said. "He is a successful technology entrepreneur with a passion for great products that engage and delight customers. David leads with a founder's perspective. He will bring start-up energy to PayPal's unmatched global reach and digital payments capabilities. And he will sharpen PayPal’s focus on accelerating product innovation, driving consumer engagement and making paying anytime, anywhere through your digital wallet a safe, easy and convenient experience. David's appointment signals our deep commitment at PayPal, and across eBay Inc., to be a leading technology-driven and customer-focused product innovation company."

“Shopping is fun, but paying is not,” Marcus said. “PayPal has an incredible opportunity to make the way people pay simple, easy, and safe – everywhere, and at scale. We’re off to a great start in 2012 with breakthrough products that will truly change the way everyone shops and pays. I’m honored and excited to be asked to lead this unique business and help make the digital wallet an amazing experience for merchants and consumers worldwide.”

For 14 years, PayPal has been revolutionizing the payments industry – first with online payments in 1998 and then with mobile payments in 2006. In 2011, PayPal processed $118 billion in payments from over 100 million users in 190 countries, including $4 billion in mobile payment volume. PayPal is now extending its online and mobile capabilities offline, creating innovative in store payments solutions for retailers and consumers. Home Depot recently rolled out PayPal to all of its nearly 2,000 stores nationwide, and PayPal is implementing its point of sale innovations with other national retailers this year.

Marcus joined PayPal in August 2011 after the company completed the acquisition of Zong, a leading provider of mobile payments, where he was CEO and founder.

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows people to send money without sharing financial information, with the flexibility to pay using their account balances, bank accounts, credit cards or promotional financing. With 106 million active accounts in 190 markets and 25 currencies around the world, PayPal enables global commerce. PayPal is an eBay (Nasdaq:EBAY) company. PayPal is headquartered in San Jose, Calif. and its international headquarters is located in Singapore. More information about the company can be found at www.paypal.com.

GuestLogix Releases Upgrade of Airline Industry's Most Popular Onboard Point-of-Sale Mobile Device

March 29, 2012 07:48 ET

Next-Generation POS Device Features Chip & PIN, Contactless and NFC Payments for Faster, More Secure Processing

TORONTO, ONTARIO--(Marketwire - March 29, 2012) - GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, announced today that it has released the XPDA-SP, an upgraded version of its original onboard handheld Point-of-Sale (POS) device. The next-generation onboard retailing technology is more than twice as powerful compared to its predecessor and helps airlines perform transactions faster, in a PCI-compliant and secure environment. This ultimately increases both passenger and flight attendant satisfaction. The XPDA-SP comes standard with the ability to accept contactless and NFC payments. The device also supports the ability to transact via Chip & PIN cards and has the capability to process and track onboard transactions in multiple currencies, allowing payments in cash, credit, debit, loyalty cards, complimentary and coupons.

"GuestLogix' success in helping create lucrative onboard ancillary revenue programs for our customers is what drives us to bring the most advanced technology to market," said Tom Douramakos, President and CEO of GuestLogix. "As airlines grow their onboard retailing programs, the need to process transactions more securely and faster requires technology such as the new XPDA-SP to support this."

The predecessor device, known as the XPDA-S, is the most used handheld device in the onboard retail world and has been successful due to its ergonomic, light-weight design and ease of use. The XPDA-SP comes with the same ergonomic and user-friendly design including all the features of the XPDA-S such as barcode scanner, integrated printer and magnetic stripe reader, but has been upgraded to provide improved processing power, communications and security. The design similarities will ensure product familiarity, and quick and easy adoption by flight attendants that are used to the ease of use of the XPDA-S device.

The XPDA-SP is PCI-compliant (EMV Level 1 & 2 and PCI PED 2.0) and integrated with the GuestLogix Onboard Retail Technology Platform to automate all onboard activities with pre-flight and post-flight processing requirements. It also provides enhanced communication options such as Bluetooth, WiFi (b/g/n) and 3G GSM. The XPDA-SP also supports touch-screen features with a higher resolution LCD. The technology features MS Windows and Intel architecture, while supporting all-day transaction processing with more efficient power management allowing the battery to last longer than the earlier model. It also has eight times the amount of memory of the original technology, yet retains its streamlined design, and is capable of processing and tracking all types of onboard retail sales.

The XPDA-SP printer allows customers to provide receipts and also print third-party tickets and passes, complete with barcodes to support the sales of destination-based products and services including theatre and theme-park tickets, ground transportation and entertainment.

To support an airline's onboard retail program, the XPDA-SP is fully customizable from its external shell color and brand markings through to the graphical user interface (GUI), to meet the unique requirements of each airline. The touch screen device can manage and track onboard inventories, record sales by seat and attendant, manage onboard pricing and promotional activities, connect with back-office information flows, support offline and real-time transaction processing, and manage crew scheduling and operations.

For more information about the XPDA-SP, or for sales inquiries, please visit www.guestlogix.com.

Discover Partners with BilltoMobile for Mobile Payments

SOURCE: BilltoMobile

March 27, 2012 06:00 ET

BilltoMobile™ and Discover® Partner for Mobile Payments

SAN JOSE, CA--(Marketwire - Mar 27, 2012) - BilltoMobile announced today that it is entering into a marketing agreement with Discover which will enable the two companies to drive market-leading innovation and value in the rapidly-evolving digital goods, mCommerce, and mobile payments space.

The agreement includes allowing Discover to offer mobile carrier billing to select Discover e-commerce merchants looking to generate incremental revenue through alternative payments options.

The partnership with Discover is a significant milestone for BilltoMobile and validates its leadership position in the marketplace. Jim Greenwell, BilltoMobile's CEO commented, "This agreement with Discover enables BilltoMobile to better serve our consumers, merchants and carrier partners. Our product offering will expand as will the ability to serve marquee digital merchants."