Technology Evolution
Case Analysis
The case is intended to be used as a basis for class discussion. It is not intended to serve as endorsement, source of primary data, or illustrations of effective or ineffective management. Copyright © 2010 SOM, AIT, P.O.Box 4, Klong Luang, Pathumthani 12120, Thailand.
PayPal -Technology Evolution - Case Analysis
Technology in PayPal
The digital wallet, firstly introduced by Peter Thiel and Max Levchin, might not be a success in the first introduction but it disrupted the payment service in the world. Some trial and error and finally integrate its service with eBay, the technology was accepted by the market. The digital wallet was such a radical technology turning a new face of payment
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It tested the market with the simple technology - PayPal text payment. The service was not widely accepted in the market due to its low performance. The strategy of mobile market emerging was clearer. It emerged with the advanced technology - NFC immediately its standard was announced and launched with its Android application. Moreover, when Square introduced a mobile credit card reader and mobile wallet, PayPal did not hesitate to imitate its technologies and top up with other innovations, such as credit card image reader by acquiring
Card.io to prevent ruining of Square when its technology was widely adopted in the market.
New product development
The first product of PayPal, digital wallet on PDA; was a great radical idea of both inventors. The digital wallet technology was equipped with both secured core technology and attractive interface for customer but the inventors were lack of consideration to the technology environment and customers' needs. It was ahead of the time due to too little number of PDAs, its host technology. Ten years later, a mobile phone became popular and much smarter than before by many great inventors in recent years - Steve Jobs and his team at Apple, Google's Android team and Samsung and even the late inventor for a mobile phone Microsoft. A mobile phone became common thing for people.
When customer need came upon with technology capability, the technology gain a chance of
success.
One of the many scientific discoveries that have influenced today’s society is the invention of the cell phone. In 1876 an older male with the name of Alexander
Shaughnessy, Haydn. “Apple Remains World’s Most Admired.” Forbes Magazine. 28 February 2011. Web. 11 March 2015. <http://www.forbes.com/sites/haydnshaughnessy/2013/02/28/apple-remains-worlds-most-admired-followed-by-google-and-amazon/>
There are also challenges that this industry is facing such as restrictions on online payment services by the government and agencies, security of information and data, and adaptation is also a problem. There is a race to control online payments and data processing that includes large known corporations such as Google, Apple, Samsung, Visa, PayPal, Square, Intuit and others more. And these corporations are very far ahead in the industry in terms of technology and consumer market. Apple last year had introduced the app called ApplePay, which enables you to store credit card and debit cards information and even gift cards and pay directly from your phone by
As technology advances over the years, we have experienced and noticed that the trend in how payment are received have shift tremendously. Twenty years ago, check was the preferred way of payment. In today’s world, more and more payments are done by credit cards. Credit card transactions are instance that provides a faster payment method.
This was the Motorola PynaTAC 8000x. Although it was extremely expensive, it still diffused across the country hierchically. Still, not many people could afford it, besides in the sales and business world, where it was primarily used. After this revolutionary telephone, the Nokia Mobica Talkman and the Motorola 2900 Bag Phone released. As more phones came out, the new phones kept developing including smaller sizes and more uses. (Ray). 34 years after the first ever cell phone released, the Apple IPhone was release, courtesy of Steve Jobs. This cell phone revolutionized the world forever. Jobs wanted to “reinvent the phone”, and he did this exceptionally (History Cooperative). Without the creation of the cell phone, our world would be a much different place. Even though the cell phone improved our ways of life, there are still some atrocious aftereffects caused by it.
Have you ever thought about life what life was like when communication was hard? If you were far away from someone you would either have to write or walk, and both of those would take a long time to get a message somewhere. The introduction of the telephone changed the way our world worked. If you have used a phone anytime in your life, and almost everyone has, you need to thank the creator, Alexander Graham Bell. Alexander Graham Bell has changed the way our world works, thanks to his many famous and important inventions.
If you need to pay for some service or product, pay by Paypal. It is very reliable and trusted company.
On April 3, 1973, the first public cellular phone call was made by Martin Cooper, then general manager of Motorola’s Communication Systems Division. Cooper called his rival at AT&T from the streets of New York City. Phones gradually added features, such as cameras, mp3 players, video capability, speakerphone, and much more. Today, cell phone technology has advanced to smartphones, which allow more computing ability and connectivity than a contemporary feature phone. The Droid, the iPhone, and the Blackberry are the most popularly sold phones in today's smartphone market.
. Mobile services not only offer a new, convenient channel for existing customers of banks, the technology will also provide access to 3 Bnstrong global unbanked population
Cell phones, as we know them haven’t been around for that long. The quick progression of the item and development has enormously influenced the regular daily existence in the general public eye today. It 's implementation has been genuinely quick considering that mobile phones were inexistent a quarter century ago. The first phone was made by Alexander Graham Bell. According to an article, ' 'This brought upon a major change in communication and gave leeway to the improvement of the telephone in the days to come ' '(Bellis, 2013b).
Electronic cash is a term becoming more acceptable as the world makes a shift towards a cashless society. Since the 1960’s governments and financial institutions have made steady but slow steps towards the goal of a society without cash. The cashless society is being sold as a more convenient method of payment, and a method of preventing crimes all the way from the robbery of cash from an individual to the extent of money laundering among crime syndicates.
The cell phone today can do just about anything needed, and is an outstanding improvement from when the first cell phone was invented. Major improvements such as its appearance, and its overall usefulness and capability. Though the first cell phone was an extreme breakthrough for modern technology at the time, the technological advancement today has made the cell phone not only extremely handy, but considered by most as a necessity. Only time can tell what future cell phones will be like and how we can compare them to the way we use them
The online payment marketplace is experiencing an explosion of innovative ideas, plans, and announcements, which one commentator has likened to a “goat rodeo”, a chaotic situation in which powerful players with different agendas compete with one another for public acceptance, and above all, huge potential revenues. Others liken the payment marketplace to a battle among the four platform titans Apple, Google, Facebook, and Amazon. Each of these titans have their own versions of a future payment system that challenges the other players. And let’s not forget PayPal, the reigning power in alternative online payment, or the credit card companies who process over 70% of online payments, or the
This report present the History of the credit Card terminal technology, and how this technology developed. This report analyzed the Square reader model number A-PKG-0206-01. The Square reader market analysis, theory of operation, and the device performance are presented in this report. The square reader cost zero dollar and showed high efficacy in performance. This device is recommended.
More and more applications that were used in the PC and laptop began to be used with the mobile. It was with the availability of internet with the mobile that made companies like Nokia look for platforms to deliver the service- including surfing and connecting to social media that prompted developers to begin developing programs for this segment. It was also this development that made Microsoft consider going into the mobile sector since the company had already established itself in the tablet segment.