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The next day, they met for smoothies in Palo Alto and came up with the idea that became PayPal: a system of electronic payment designed to make e-commerce easy, consistent, and secure.
NEWYORKER: No Death, No Taxes
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These personal transaction terminals will be tied into a delivery and payment system that promises to make 7-Elevens a depot for e-commerce.
FORBES: I Got It @7-Eleven
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The system will be particularly easy to implement for merchants who already enable PayPal payment on e-commerce websites.
FORBES: PayPal Wants You To Ditch Your Wallet