Company: PayPal, Inc., San Jose, CA
Company Description: PayPal is an eBay company and enables global e-commerce with over 110 million active accounts in 190 markets and 25 currencies around the world. PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore
Nomination Category: Management Categories
Nomination Sub Category: Tech Innovator of the Year

Nomination Title: David Marcus, President

Tell the story about what this nominee achieved since January 1 2011 (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:

David Marcus, previously PayPal’s vice president of mobile, recently became President of PayPal.

In his short stint he’s already made his presence known. Marcus helped lead the company to $4 billion in mobile payments last year (up from only $750 million in 2010), and the company now predicts it will reach $7 billion this year. He also helped make PayPal Here, the company’s new triangular credit card reader for mobile devices , and its first physical product ever.

David Marcus joined PayPal in August 2011 after the company completed the acquisition of Zong, a leading provider of mobile payments, where he was CEO and founder.

As Vice President of Mobile for PayPal, Marcus has helped lead strong mobile payments volume growth and innovation, including PayPal Here.

PayPal Here is the world’s first global mobile payment solution that allows small businesses to accept almost any form of payment. It’s designed to help those merchants make more sales and grow their business with confidence. And it gives them choices. They can accept payments by swiping cards with a fully encrypted thumb-sized card reader, or use a phone camera to scan and process cards and checks. It also allows them to invoice directly from the mobile app and, of course, accept PayPal in a brand new way.

In early 2012, David was tapped to be the new President by PayPal CEO John Donahoe.” "David is the right leader for PayPal…He is a successful technology entrepreneur with a passion for great products that engage and delight customers. David leads with a founder's perspective. He will bring start-up energy to PayPal's unmatched global reach and digital payments capabilities. And he will sharpen PayPal’s focus on accelerating product innovation, driving consumer engagement and making paying anytime, anywhere through your digital wallet a safe, easy and convenient experience.

David's appointment signals our deep commitment at PayPal, and across eBay Inc., to be a leading technology-driven and customer-focused product innovation company."

“Shopping is fun, but paying is not,” Marcus said. “PayPal has an incredible opportunity to make the way people pay simple, easy, and safe -- everywhere, and at scale.

Going Forward:

We’re off to a great start in 2012 with breakthrough products that will truly change the way everyone shops and pays. I’m honored and excited to be asked to lead this unique business and help make the digital wallet an amazing experience for merchants and consumers worldwide.”

PayPal is now extending its online and mobile capabilities offline, creating innovative in store payments solutions for retailers and consumers. Home Depot recently rolled out PayPal to all of its nearly 2,000 stores nationwide, and PayPal is implementing its point of sale innovations with other national retailers this year.

PayPal Here is just the latest addition to our comprehensive suite of payment solutions for small businesses. With PayPal Here, PayPal can serve as a one-stop shop for online, offline and multi-channel small businesses.

Upload a collection of supporting files and web addresses to our server to provide more background information to the judges. You may upload any number of attachments and URLs through the "Add Attachments, Videos, or Links to This Entry" link above.

http://www.marketwatch.com/story/ebay-inc-names-mobile-payments-entrepreneur-and-product-innovator-david-marcus-president-of-paypal-2012-03-29
https://www.thepaypalblog.com/2012/03/david-marcus-is-paypal%E2%80%99s-new-president/
https://www.thepaypalblog.com/2012/03/paypal-here/
https://www.thepaypalblog.com/2012/04/paypal-unveils-the-most-comprehensive-suite-of-small-business-payment-tools-to-date-moves-beyond-online-payments-now-however-you-do-business-paypal-gets-you-paid/
http://www.webpronews.com/david-marcus-named-paypal-president-at-ebay-2012-03
https://www.paypal-media.com/executives
http://www.businessweek.com/news/2012-03-29/ebay-promotes-marcus-to-paypal-president-after-thompson-left
http://techland.time.com/2012/03/15/paypal-takes-on-square-with-paypal-here/#ixzz1uxK3YJ92

Provide a brief (up to 100 words) biography about the nominee:

David Marcus is president of PayPal, where he has overall responsibility for establishing PayPal as the leading global payment service and helping to drive the future of money around the world. A mobile payments entrepreneur and product innovator, David brings a wealth of experience creating products that engage and delight customers – both businesses and consumers alike.

Most recently, David was PayPal’s vice president of mobile, where he led the company’s mobile business and product strategy, including the development and launch of PayPal Here and the newest version of PayPal’s consumer application.