Ebay purchases Svpply, possibly reinventing online shopping

Svpply

Ebay has purchased Svpply, in a manner to make Ebay more hip and modern. Svpply is the equivalent of Pinterest, except with shopping as its main goal. With over 70,000 brands at Svpply, it wasn’t bought for inventory, but for reshaping Ebay’s 17-year old landscape to a more modern era. This will probably make Ebay shopping closer to window shopping in the future. But who knows maybe Svpply will change something else with Ebay.

Source: Wired

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Paypal is being tested at McDonalds

Paypal Mobile

Just recently Square has partnered up with Starbucks for a mobile payment platform. This caused other major food companies to rethink their payment options. For this reason, McDonalds has started testing 30 different stores in France with a new Paypal payment solution. If this payment system proves itself worthy, then McDonalds will pass it on to other stores in around 24 months. So whether you chose Paypal, or Square, new payment options will always pop up, so think twice before you pick.

Source: Reuters

Google, Paypal, Visa and US carriers form Mobile Payments Committee

The big corporations out there have decided to stop thinking about themselves (as a company) and got some IQ back in their brains, to put mobile payments for the masses as a priority. This is great news for us (consumers) as this means the wait for proper mobile payments for stores near us will be less. The committee which is made up of Google, Paypal, Visa, Isis, VeriFon, Wells Fargo, Capital One, American Express, Discover, MasterCard, Visa, and US carriers are here to win and are not just playing games. So, hopefully in the not so distance future I’ll be able to take out my phone and pay.

Source: Engadget