24/01/12
By Karen Moss
American office supply retailer, Office Depot, is testing PayPal's new point-of-sale (PoS) system in a few stores. PayPal are also trialling in-store payments in 51 Home Depot stores, as the online payments provider moves to expand into the bricks and mortar world.
PayPal has talked about its plans to offer the service at 20 major retailers by the end of the year, but not named other chains participating in the initiative.
Their "wallet in the cloud" initiative lets shoppers who have a PayPal account pay by simply typing their mobile numbers and PINs at checkout counters. They can also pay by swiping a PayPal card and entering a PIN.
Office Depot said they were eager to experiment with anything that would help faster checkout in stores, but that the chain would take its time before roll-out.
However Dwaine Kimmet, Home Depot's treasurer and vice president of financial services, says: "We believe PayPal's solution has the potential to improve the checkout experience as we know it today by making it fast, secure and more convenient for the customer while providing savings for Home Depot.
"We intend to stay at the forefront of PoS technologies like PayPal's in-store checkout using an empty hand interface," Kimmet adds.
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