PayPal Ready to Challenge Visa, Mastercard
Here's an example where a company is not "copying" the competition (Visa and Mastercard credit cards), but where they are applying their technology to address a market need innovatively., after having re-written some of its back-end systems so as to be able to talk to major merchant systems, is set to make a foray into the payments market of major retailers, challenging companies like Visa and Mastercard. The company says it is in talks with more than 60 major merchants for its upcoming release.
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