PayPal will be expanding its payments trial from five Home Depot locations to 51:
American Banker reports:
"PayPal, of San Jose, Calif., said this month that it is testing this system at five Home Depot stores. This week, it will expand the trial to 51 Home Depot stores: one in Atlanta, six in Omaha and 44 in the San Francisco bay area."
PayPal hopes that by March, the technology will be available in all Home Depot stores across the U.S.
As PaymentsViews noted yesterday, this is not a mobile payments technology (as mistaken by some). Because the transaction requires a phone number combined with a PIN, the customer never uses a mobile device.
To read a personal account of how the technology works in action, check out what Russ Jones, PaymentsViews writer, has to say about the experience.