The mobile payments race took an interesting turn today with an announcement from VeriFone and PayPal.
VeriFone, the business-focused electronic-payments company, unveiled a partnership that brings eBay-owned PayPal's merchant services to VeriFone's PayWare Mobile iPhone application.
PayWare, which is aimed at small businesses, consists of a hardware add-on and complementary iPhone application that turn a mobile handset into a credit card reader. With the new PayPal partnership, PayWare will accommodate PayPal payments as well as traditional credit-card transactions, and PayPal will market PayWare to its user base of business owners and eBay sellers. In addition, PayWare will now … Read more