Office Depot, the second-largest retailer of office supplies in the U.S., is testing PayPal’s new point-of-sale system in a limited number of locations according to Reuters. “It’s at this point in a small number of stores … because there are still some rough spots in that experience,” said Kevin Peters, president of Office Depot’s North American unit. “There are some limitations on who can use it, service carriers that support that.” PayPal’s new payment m...

Yahoo on Wednesday announced that former PayPal president Scott Thompson will takeover as CEO of the company. Thompson will replace Tim Morse, who has served as the interim CEO since the firing of Carol Bartz last year. ” With the ultimate goal of delivering the value our shareholders expect, my immediate focus will be on getting to know the entire team and hearing more from all Yahoo!s, working closely with the engineers and product teams, and diving deeply into our products and services to learn more ...

Verizon Wireless and American Express announced on Monday that Verizon Wireless will begin to integrate American Express’ “Serve” mobile payment solution into its phones and tablets. The agreement will allow Verizon Wireless customers to make mobile payments from their phones, provided that they have an existing Serve account. “Our collaboration with Verizon highlights the speed at which Serve is evolving to reach a wide audience,” said Dan Schulman, group president, Enterprise G...

In a blog post that announced PayPal now has 100 million active accounts, PayPal president Scott Thompson also discussed the future of the mobile payment space. “We believe that by 2015 digital currency will be accepted everywhere in the U.S. – from your local corner store to Walmart,” Thompson said. “We will no longer need to carry a wallet.” As part of that goal, the company has asked five residents in the San Francisco Bay area to use digital currency for all of their purchases an...

Google on Thursday finally took the wraps off its Google Wallet and Google Offers services, which offer an NFC-based contactless payment system married with a location-based local coupon service. On the same day, eBay and its online payment arm PayPal filed a lawsuit against Google and two of its executives for stealing trade secrets relating to mobile payments. Osama Bedier and Stephanie Tilenius, both of whom were heavily involved in the development of the Google Wallet service, were named in the suit. Beid...

Today American Express introduced its new digital payment system called Serve. Serve works similar to PayPal in that it allows users to create an account that can be used for sending or receiving money. Users can access their accounts from American Express’ Serve iOS and Android applications, via the Web, or through Facebook. Serve has two fees, including 2.9% plus $0.30 per load deposited, although this is discounted to 0$ for cash, debit, and ACH. Similarly, there’s a $2 fee on ATM cash withdraw...

Credit card giant Visa has announced a new payment service for U.S. consumers set to launch in the second half of 2011. The new offering closely mimics services offered by PayPal, allowing users with a Visa-branded credit, debit, or pre-paid account to transfer money amongst each other. “Consumers in the U.S. will soon be able to receive and send funds to any eligible Visa credit, debit or prepaid account, anywhere in the world,” reads the press release. “By simply entering the recipient’s...

AllThingsD is reporting, by way of LinkedIn, that PayPal has just snatched up the VP of Global Design from Apple. The lucky lady is said to be Sarah Brody who has worked on the original iPhone, original iPod nano and was a “critical aspect in the design of” MobileMe. In addition to working on the aforementioned projects, she’s also responsible for the design of the product packaging boxes that are pictured above. Maybe PayPal’s website won’t look so sketchy anymore with this new ...

Today, at the TechCrunch Disrupt conference in San Francisco, Paypal’s Laura Chambers indicated that an update to her company’s iPhone application, that will allow users to deposit checks by photographing the front and back of the tender with their Apple smartphone, is due “in the next day or so.” The ability to deposit checks via scanned images has already been implemented by some traditional banks, however PayPal will be one of the first companies to implement the feature into a ...

If you use BlackBerry’s App World to download applications, updates, and regularly find new content, you’ll be pleased as punch to know that App World 2.0 has just gone live in beta form. App World 2.0 brings a number of enhancements to the app — some much needed — and even some new payment options. For starters, credit cards are now directly supported instead of having to go through PayPal, and RIM has brought along support for carrier billing. In true RIM fashion, however, this is no...

Internet company PayPal has announced plans to open an application storefront in an effort to court developer business and further its online payment system. The company’s plan includes an application store and payment system for both mobile and desktop applications. “I want developers to think of PayPal first whenever they hear the word ‘payments’ and I want to know what it will take to get there. We’re willing to do it. We’re willing to innovate and experiment on their be...

Remember back in July when a handful of Nokia’s trademark applications were uncovered, launching unending speculation about tidbits such as “C Series”, “X Series” and “Booklet”? Well Booklet ended up being a netbook, as suspected, and we’re still waiting to see how the C and X series end up materializing. One of the trademarks that didn’t receive much attention however, was “Nokia Money”. We all assumed it had to do with a mobile payment platfo...

First, it was PayPal. All you needed was access to the Internet and you could pay bills and make money transfers at your computer. Now, that same type of service is going to be available via mobile phones and SMS. Mobile banking is certainly nothing new and has been around for quite some time, but you were usually limited to viewing account information, transferring funds within your own account, and making bill payments (except Obopay, which allowed transfers from user to user). Some countries support transf...