The following is an excerpt from a Sept. 14 PayPal Blog entry written by company President Scott Thompson:

"We’re rolling out a one-stop shop for merchants to engage their customers directly during every part of the shopping lifecycle –  generating demand from consumers through location-based offers, making payments accessible from any device (not just from the mobile phone), and offering more flexibility to customers even after they’ve checked out.... We’ll be announcing much more over the next few months, so stay tuned. You’ll also be able to check out our new products and services first-hand at the X.commerce Innovate Conference October 12-13 in San Francisco. We’re bringing together developers from the PayPal, eBay, and Magento communities to talk about innovation in the new retail. And, PayPal will let you experience our vision first-hand in a shopping showcase, where you can try out our new products and services for yourself. You can register now and find out more information at x.com.

The fact is you’ve got to have more than just a shiny new technology to really change the way people shop and pay. We all know that shopping is fun but paying is not. Nobody likes to stand in line. Nobody likes waiting for their bill at the restaurant. At PayPal, we want to free you from the cash register." (continued)