Office Depot launches in-store PayPal pilot
25 January, 2012
category: NFC
Office Depot has joined Home Depot as the second U.S. retailer to test PayPal’s point of sale payments solution, according to TG Daily.
Customers at select Office Depot stores can now make payments directly from their PayPal balance by simply punching in their mobile phone number and PayPal PIN. The solution requires only a software update at the point of sale for the merchant, and customers do not need to use a payment card, contactless fob or NFC-enabled phone to make a transaction.
According to Office Depot North American president Kevin Peters, the pilot will be confined to a small number of stores as there are still some “rough spots” in the solution to iron out, in addition to limited participation from mobile carriers.
TG Daily reports that retailers’ existing partnerships with major credit card issuers may be another obstacle to wider acceptance.
Read more here.