Online payments processor PayPal has the right stuff to outduel Apple, Google and others in the mobile wallet battle, says company CEO Dan Schulman. “It’s a fascinating chessboard right now,” Schulman said at a recent Morgan Stanley conference. Schulman, who came to PayPal from American Express (AXP) and earlier headed wireless firm Virgin Mobile, says that the game has been “unfolding” in unexpected ways as Internet giants, banks and retailers
President Obama on Friday called on businesses to share information about cyberthreats with each other and the federal government, during a cybersecurity summit at Stanford University, even as many tech companies remained critical of government data-collection practices. Before CEOs such as Apple (AAPL), Intel (INTC), American Express (AXP) and many other companies, government leaders, law enforcement, educators and students,
Credit card networks will go along with mobile payment apps that preserve the status quo, with Apple (AAPL) Pay, Google Wallet and phone-company-backed Softcard having the inside track, Moody’s Investors Service says in a new report. American Express (AXP), MasterCard (MA) and Visa (V), however, will not support MCX, a likely new entrant in 2015, says Moody’s. Retail consortium MCX plans to launch its own mobile wallet, dubbed CurrentC, with the