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July 20, 2011

A Look at PayPal's 2Q2011 Financial Results

PayPal logo 140px PayPal's parent eBay announced financial results for 2Q2011.

eBay's Payments segment (including PayPal and BillMeLater) revenue was $1,073 million for the quarter, representing PayPal's first billion dollar quarter, and an increase of 31% year over year. Net total payment volume (TPV) for the quarter was $28.7 billion, an increase of 34% year over year. In term of revenue mix, Merchant Services (the off-eBay business) represented 65.6% of TPV, up from 61% a year earlier. Merchant Services net TPV now includes net TPV for Bill Me Later whether used within or outside of the PayPal wallet. BML purchase volume is no longer individually broken out. 49% of payments revenue was international.

Active accounts (defined as active in the last 12 months) reached 100.3 MM, up 15% year over year.

Giftango to Convert Plastic Gift Cards Into Digital Cards for Mobile Wallets

Giftango logo 140pxGiftango has announced "the release of its Mobile Wallet Conversion Platform, for securely converting plastic gift cards into digital forms of payment by inserting and leveraging a 2D barcode on the back of a plastic gift card. Giftango has assembled the infrastructure needed to help bring merchants, incentive houses, plastic card printers, and virtual payment technology companies together to drive consumer adoption of the mobile wallet."

Mazooma Micropay-in-a-Box Targets Discover Digital Goods Merchants

Mazooma logo 140pxMazooma has announced an "instant on" micropay-in-a-box solution that is available to Discover’s direct merchants using the Centinel® Universal Merchant Platform through CardinalCommerce Corporation.

“With Mazooma’s micropay-in-a-box solution, Discover merchants selling digital content can enjoy instant, online payments, as well as ease of implementation, less technical resources and consolidated settlement and reporting,” says Farhan Ahmad, General Manager, Prepaid & Director of Emerging Payments at Discover. “At Discover, we aim to provide our merchants with more payment choices, and we believe the relationship with Mazooma will do just that.”

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