“The problem with NFC payments is that they don’t do anything to help generate new leads,” says Laura Chambers, Senior Director of Paypal Mobile. They also don’t do much to encourage repeat business, she says. PayPal services about 9 million merchant accounts, many of which are mom-and-pops who don’t want the expense of credit card terminals from a big company like Verifone. She says those merchants are ambivalent about how a customer pays–as long as they come back with friends and do it again.
The rest of this article is at: Why PayPal Doesn’t Care About NFC | Fast Company.
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