CNET has an interview with PayPal Chief Technology Officer Scott Thompson. It’s mostly about PayPal’s technology and anti-phishing tactics, but does have one question on Google Checkout.
Can you comment on the competition you might be seeing from Google Checkout? Have you seen any loss of market share or revenue? Thompson: …as it relates to Google Checkout, where as you would expect we are very aware of what they are doing,
Infoworld reports that PayPal, long a favored target of phishers and email spam, has come up with a measure designed to better protect its customers. For $5, any PayPal customer can order a little security keychain that displays a new password every 30 seconds. When logging into their accounts, those users would have to enter their regular passwords, then look on their keychain and enter the current password from there, too.
It’s a great idea, and one that’s been discussed and implemented on a smaller scale before
The NYT takes a look at Google efforts to take market share away from eBay’s PayPal. The two are in a battle for the right to process credit card payments of companies looking for an alternative to merchant accounts.
What’s interesting is that PayPal doesn’t appear to be concerned with Google’s onslaught
Google has deep pockets, and is certainly not afraid to use its war-chest of cash to take on PayPal. Hitwise reports Google Checkout’s $10 off $30 promotion (and the just announced $20 off $50) is helping the company to buy its way into the online payment processing market.
Its market share of visits was up 30% in the past four weeks (week ending 11/18/06 vs