PayPal Launches First Non-Hosted Payment Service|
PayPal on Monday launched its first non-hosted payment suite, which gives small and medium-size online businesses the ability to provide more payment options for customers.
PayPal Website Payments Pro offers tools that allow retailers offer shoppers more choice in how they pay for items, including credit cards, a PayPal online account or by phone, fax or mail.
The Express Checkout capability in the suite gives people with PayPal accounts a three-click process to buying products. The Direct Payment API, on the other hand, lets merchants accept credit-card transactions just as they would for traditional merchant accounts.
The last piece of the suite, Virtual Terminal, supports phone, fax and mail orders by providing merchants with an online interface for manually entering credit-card transactions through the PayPal system.
"The launch of Website Payments Pro is a direct result of feedback from our customers, who were looking for more flexibility when integrating PayPal and more control over the checkout process," Stephanie Tilenius, vice president and general manager of PayPal's merchant services business, said in a statement.
Website Payments Pro is the company's first non-hosted payment suite. PayPal customers are directed to the PayPal site momentarily to log in and confirm payment, and then are automatically redirected to the merchant website to complete checkout, PayPal said. As a result, merchants have more control over the buyer checkout process.
The new product costs $20 a month and a per-transaction rate of 2.2 to 2.9 percent, plus 30 cents.
PayPal is owned by online auction company EBay Inc., San Jose, Calif.
Hacking Incident Big, But Not Necessarily Uncommon |
The hacking incident at card transaction processor CardSystems Solutions Inc. that put as many as 40 million accounts at risk for fraud may be notable for its sheer scope. But experts around the industry aren't surprised that such an attack could occur, and they hope this latest incident spurs the financial-services industry to take steps to shore up its data security.
Broadband Growth Boosts Dwindling Telecom Revenues
As revenues from traditional telephone services continue to negatively impact telecom providers, the decline in revenues will be partially offset by the growth of broadband services and cable television, according to a report released Wednesday.
Google Won't Compete With EBay's PayPal, CEO Says
SAN FRANCISCO (AP) _ Google Inc. CEO Eric Schmidt on Tuesday denied recent media and analyst reports that the online search engine leader is gearing up to compete directly with eBay Inc.'s pioneering PayPal service, although he acknowledged some kind of electronic payment product is in the works.
Microsoft Won't Patch IE Spoofing Bug
Hours after word broke that most browsers were vulnerable to a spoofing flaw that phishers could use to pilfer confidential data, Microsoft has declined to issue a security update.
Pay-Per-Call Expected To Grow In Online Advertising
Pay-per-phone-call that delivers telephone calls instead of clicks to online advertisers is expected to generate $1.4 billion in revenues by 2009, a research firm said Wednesday.
Hacker Boot Camp Helps Good Guys Outsmart Internet Troublemakers
IT security professional Rudy Chavez wasn't looking for a major career change, but he felt compelled to do something more to help fight Internet bad guys--hackers, virus writers, and other Web hoodlums intent on wreaking havoc.
Will Cell Phone Video Be A 'Wireless Babysitter?'
Streaming video delivered to cell phones could become an "electronic babysitter," helping parents keep their kids content while they travel, a report released Thursday by IDC predicts. And, the study concludes, it is an excellent example of how new wireless services evolve.
Apple Commands A Third Of Digital Audio, Study Shows
LONDON — With it's iPod and iPod Shuffle Apple is the leader in worldwide portable audio players with 30.2 percent of the combined HDD and Flash-based portable audio player market, according to market research company In-Stat.
Senate Pushes For Exec Jail Time In Data Breaches
Two veteran U.S. Senators said Thursday that they would introduce a bill which would put business executives in harm's way when their companies stonewalled on data breaches.
ID Theft Impacts Online Spending, Consumer Trust
Recent failures of financial institutions to protect personal information have increased U.S. consumers' concerns about online security, making them less likely to buy products and conduct financial transactions over the Internet, a research group said Thursday.