Ingenico SA is working with PayPal Inc. on what the companies say is a faster way to improve the point of sale than investing in contactless mobile payments.
The registers of five Home Depot stores are using the French terminal maker's hardware in tests of PayPal's system (see story).
The system they are testing is "straight to market, compared to trying to leverage another technology like [Near Field Communication], which everyone knows is coming, but it's not coming as fast as first expected," Thierry Denis, Ingenico's president for its North America division, said in an interview.
In the second half of the year, PayPal will offer coupons and rewards to users who transact at the point of sale with its system, Denis says.
PayPal, a unit of eBay Inc., is in similar trials with at least 20 other merchants.
VeriFone Systems Inc., a rival terminal maker, also is working with PayPal for similar technology at the point of sale, VeriFone said in a Jan. 16 press release.
Last week, AJB Software Design Inc. of Mississauga, Ontario, said it is building PayPal acceptance into its software (see story). Some 110 U.S. retailers use the company's middleware.
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