PayPal, eBay’s online payment service, was to announce a new service yesterday that aims to make it easier to shop online by cutting down on the number of accounts consumers have to create with various Web retailers.
Called PayPal Access, the service was to be unveiled at eBay’s X.commerce developer conference in San Francisco. It was to be launched with X.commerce, a new eBay Inc business also set to launch yesterday geared toward developers and merchants to encourage developers to integrate eBay’s technology into mobile commerce apps.
X.commerce merges the software developer communities for eBay.com, PayPal and eBay-owned e-commerce software company Magento, which together include 850,000 developers.
EBay spokesman Anuj Nayar said PayPal Access will let users log on to participating retailers’ sites and pay with their PayPal username and password, rather than creating a separate account as many online retailers currently require.
As it stands now, shoppers on some sites have to set up an account even if they’re paying with PayPal, the details for which they don’t enter until near the end of the transaction. The service would keep a user’s personal details within PayPal, Nayar said.
Also yesterday, X.commerce was to release a set of developer tools called X.commerce Fabric, which is intended to simplify the process for adding eBay-owned technology — such as that behind Milo, a local shopping engine eBay bought last year — to apps for smartphones and tablet computers.
The conference was also to be used to show off the upcoming version of eBay’s smartphone app RedLaser, which currently lets people scan product barcodes and compare prices online and in local stores. RedLaser 3.0, which Nayar said will be out by the end of the year, will add PayPal for purchasing items directly from the app.
It was also likely that X.commerce would announce some sort of partnership with Facebook yesterday. Though eBay wouldn’t divulge any details, Facebook’s platform and mobile marketing director, Katie Mitic, was to be a keynote speaker at the conference.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion