That’s a big headline. No new card or anything – you just pay with your paypal account.
The most amazing and impressive thing is how: your mobile number + a PIN typed right into the credit card machine AS IF IT WAS A CREDIT CARD NUMBER!
They process the digits differently on the back end. On the front end it’s just like a card number being keyed in!
Very impressive. Pay by name is kind of cool but it requires new ‘infrastructure’ (your picture). This requires nothing.
(But I still hate PayPal – they steal your money)
PayPal Trumps Square’s Deal With Starbucks by Partnering With Discover – Tricia Duryee – Commerce – AllThingsD.