Third, PayPal came on stage with la Caixa to show off instant account creation technology:
“You can open a PayPal account in 30 seconds from the secure environment of la Caixa’s home banking. We use our combined APIs to leverage the verified customer information that la Caixa has from its clients to speed customers through the PayPal account creation flow. All you need to do is choose your email address and decide on a password and with a couple of clicks, you can have your PayPal account up and running with a verified card linked to it.”
Product Launched: November 2011
HQ Location: San Jose, CA
Company Founded: 1998
Metrics:
- 2010 annual revenue was $3.4 billion, up 23 percent year over year
- International business accounted for 47% of revenue in 2010
- Net Total Payment Volume for 2010 was nearly $92 billion, up 28% year-over-year
- Total Payment Volume in 2010 represented nearly 18% of global e-commerce
- Cross-border trade now accounts for approximately 25 percent of PayPal’s Total Payment Volume
- Merchant Services processed $56 billion in Total Payment Volume in 2010, up 42% year-over-year.
Website: paypal.com
Presenting Estanis Martin De Nicolas (PayPal Spain Country Mngr) & Sergi Bisquert (Dir. of Innovation, Payment Methods, La Caixa)
2.0 e-business technology that will underpin Sandstone’s next generation online banking solutions…. Backbase Forms will enable Sandstone BankFast customers to easily create and edit forms for customer-facing business applications.”