At PayPal, we’re passionate about opportunities to bring greater convenience, value, and fun to people’s lives by building beautiful products that make the payment part of shopping simpler, faster, and a whole lot richer. The new PayPal app is a great example of how we’re helping to solve everyday problems that consumers and merchants struggle with today, even as we deliver exciting new shopping experiences for tomorrow.
Today, I’m very excited to unveil PayPal Beacon. This technology is our most significant contribution to date in reinventing the in-store shopping experience. Beacon is a new add-on technology for merchants that will enable consumers to pay at their favorite stores completely hands-free. Consumers will have full control of stores they will want to check in to, those they will want to get prompted to confirm payment for, and stores they will want to enable a complete hands-free experience for. In the latter case, simply walking in a store will trigger a vibration or sound to confirm a successful check in (this happens in milliseconds), your photo will then appear on the screen of the Point-of-Sale system so you can be greeted by name. Paying only requires a verbal confirmation, and you’re done. No wallet. No card. Nothing to do. Not even touching your phone.
Any store running Point-of-Sale systems compatible with PayPal, including Booker, Erply, Leaf, Leapset, Micros, NCR, PayPal Here, Revel, ShopKeep, TouchBistro and Vend, and many more soon, will simply plug a PayPal Beacon device in a power outlet in their store. Once the Beacon is plugged in, they will be ready to offer the best, most personal shopping experience ever.
We value our customers’ privacy, so PayPal Beacon won’t constantly track your location like other technologies. If you enter a store and decline to check in, or just ignore the prompt entirely, no information is transmitted to PayPal or the merchant.
Read the whole post at the PayPal Forward Blog.