Paypal May Be Having A Change Of Heart On Payments Technology

John Heggestuen, Business Insider
Fri, 04/18/2014 - 1:00pm

Editors note: This is the free edition of Payments Insider, a newsletter on all things payments produced by BI Intelligence. Click here to subscribe to Payments Insider and receive it in your inbox everyday. EXCLUSIVE: PAYPAL’S SURPRISING TURNAROUND ON NFC. In a sharp reversal, PayPal may be on the verge of embracing near-field communication (NFC) technology, which just months ago PayPal CEO David Marcus dismissed as “technology for the sake of technology.” Anuj Nayar, PayPal’s senior director of global initiatives, tells us that host card emulation (HCE), which stores payment information in the cloud, opens up exciting new possibilities for the once-ailing NFC.

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Paypal May Be Having A Change Of Heart On Payments Technology

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