PayPal At The Heart Of Facebook, Starbucks Mobile Payment Offerings
Loading the player… LAS VEGAS — PayPal ( PYPL ) is at the heart of many notable companies’ mobile offerings, with its Braintree being leveraged for Facebook ( FB ) Messenger’s in-app Uber requests and its Paydiant platform being used to power mobile payments in the Starbucks ( SBUX ) app. PayPal’s global head of product and engineering, Bill Ready, explained during a keynote speech at the TRANSACT 16 conference in Las Vegas Wednesday how the company is working with those partners and others to help consumers make seamless transactions. Ready did not reveal a product directly rivaling Apple ( AAPL ) Pay or Alphabet’s ( GOOGL ) Android Pay, but indicated new offerings are in the pipeline. Meanwhile, Square’s ( SQ ) capital and HR head, Jacqueline Reses, discussed the card-reader maker’s expansion of its business loan program. Right now the loans are only available to Square-using merchants, but she said that one day the loans will be available to merchants that are using payment processors other than Square. Other notable companies at the conference include Visa ( V ), MasterCard ( MA ), Vantiv ( VNTV ) and Samsung.