Will PayPal Target Large Retailers with Mobile Credit Card Processing Attachment?

PayPal is reportedly preparing to launch a smartphone attachment for processing credit card transactions similar to what Square and others are already offering.

PayPal is holding an event in San Francisco on Thursday, where it is speculated the company will introduce the new service. The move would follow recent steps by PayPal to build its presence in bricks-and-mortar stores via point-of-sale devices enabling shoppers to pay for purchases via their PayPal accounts by entering a mobile phone number and PIN.

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