MasterCard (MA -1.1%) unveils a payment solution called PayPass Wallet Services that allows...


MasterCard (MA -1.1%) unveils a payment solution called PayPass Wallet Services that allows users to make purchases by touch, click, or tap depending upon the device in hand. On a special CC covering the product launch, execs make it abundantly clear that the new payments system will compete directly with eBay's (EBAY -0.1%) PayPal in an attempt to make it the one-click checkout standard.

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  • Leftfield
    , contributor
    Comments (4066) | Send Message
     
    Oops, John Donahoe, CEO of Ebay, might need to backtrack on his policy of small-seller attrition on Ebay's mismanaged and stagnant marketplace since the long-awaited competition from the real players is finally about to land on Paypal. Which has been considered the bright spot of Donahoe's rule of error.
    8 May 2012, 06:58 PM Reply Like
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