Cybersecurity
Easy Mobile Payments Are Almost Here
The race for frictionless mobile payment is nearly over
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It’s noon at the crowded Steins Beer Garden in Mountain View, Calif., and executives from EBay’s PayPal are discussing the future of the massive market for retail and restaurant payments with a reporter who’s paying for lunch. Without ever opening his wallet, the reporter enters a four-digit number printed at the bottom of the check into a PayPal app on his smartphone. An itemized bill for three smoked chicken salads, a tomato bisque, and two Diet Cokes appears on the screen. One click later, without ever needing to flag down a waiter, the check is paid.