PayPal feels pressure of competition with BofA

07/21/2013 | Motley Fool, The

Bank of America is providing significant competition to PayPal with its "contactless payment" option and Mobile Pay on Demand feature, as PayPal tries to enter brick-and-mortar stores, Stephanie Faris writes. "Because it already has a presence in brick-and-mortar locations, BofA has less ground to cover in shifting from swiping a credit card to paying without even removing a wallet," she writes.

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