New York: Scott Thompson isn't an obvious pick to lead Yahoo, but he brings to the struggling Internet company expertise in technology and operations. Whether that's enough will be determined in the coming weeks and months. Thompson, the head of eBay Inc.'s PayPal online payments business, was named Yahoo's CEO, effective next Monday. He replaces Carol Bartz, who was fired in September after less than three years on the job....
09:01 AM, Jan 05, 2012
New York: Yahoo Inc named Scott Thompson, president of eBay Inc's PayPal division, as its new CEO on Wednesday. The struggling Internet company has been without a permanent CEO since early September. It fired Carol Bartz after losing patience with her attempts to turn around the company during her 2.5 years on the job. Tim Morse, Yahoo's chief financial officer, has been interim CEO since Bartz's ouster. Sunnyvale, California-based Yahoo...
07:50 PM, Jan 04, 2012
San Francisco: EBay Inc unveiled new PayPal technology to more than a hundred big retailers this week as the e-commerce company tries to take its big online payments business into the physical world. At an event in Los Angeles on Wednesday, about 120 merchants, including the Sports Authority, got the first look at PayPal's new point-of-sale system. PayPal users will be given a physical PayPal card that they can use...
03:14 PM, Sep 16, 2011
San Francisco: eBay Inc's PayPal business has become one of the largest online payment systems, but its now heading offline, Chief Executive John Donahoe said in the wake of the e-commerce company's quarterly results on Wednesday. "We intend to help retailers grow their businesses offline in the same way we helped merchants grow online," Donahoe said during a conference call with analysts. PayPal will be testing "point-of-sale innovation" with a...
01:51 PM, Jul 21, 2011
Washington: US authorities on Tuesday arrested 16 people on charges they participated in major cyber attacks, including an attempt to cripple eBay's PayPal website as retribution for dropping WikiLeaks as a client. FBI agents arrested 14 people in nine states and Washington, DC, for the PayPal attack, which occurred last December and was allegedly coordinated by the hacking group Anonymous. It was the biggest response by authorities tied to a...
12:53 PM, Jul 20, 2011
Boston: Hackers seized control of a PayPal Twitter feed for more than an hour on Tuesday, then sent out messages criticising the payment processor in the second attack of its type in two days. The hijacking of the PayPalUK Twitter feed came a day after hackers took control of a Fox News feed for more than five hours, then sent false tweets saying that US President Barack Obama had been...
07:38 AM, Jul 06, 2011
Shanghai: eBay's online payment unit, PayPal, will end its year-old partnership with AliExpress, the wholesale website of Alibaba.com, from early August, PayPal said on Friday. "PayPal remains deeply committed to China by providing Chinese merchants access to a safer and easier way to sell to millions of our users all over the world. And our business is strong," Dickson Seow, director of communications for PayPal Asia Pacific, said on PayPal's...
12:48 PM, Jun 04, 2011
New York: eBay and its online payment unit, PayPal Inc, on Thursday sued Google Inc and two executives for stealing trade secrets related to mobile payment systems. The two executives, Osama Bedier and Stephanie Tilenius, were formerly with PayPal and led the launch on Thursday of Google's own mobile payment system in partnership with MasterCard, Citigroup and phone company Sprint. The suit highlights the growing battle by a wide range...
12:50 PM, May 27, 2011
New York: Visa Inc. is making a virtual "wallet" that can hold people's card account information for faster checkouts at online shopping sites and real-world stores. The "wallets," coming this fall, are one step in the process of updating today's system for credit and debit cards. They'll work with new smartphones equipped with chips that can talk to some credit-card terminals already in stores. Visa doesn't issue cards, despite its...
08:45 AM, May 12, 2011
San Francisco: PayPal is making more changes to its online payment service in India, saying it will begin restricting the size of payments to merchants in India because of new rules from the Reserve Bank of India. In a Friday post on PayPal's blog, spokesman Dickson Seow said the rules imposed by the bank will be effective March 1, 2011. The changes are just the latest to PayPal's service in...
03:46 PM, Jan 29, 2011
London: WikiLeaks' payment processor says it is preparing to sue credit card companies Visa and MasterCard over their refusal to process donations to the secret-spilling website. The statement by Iceland's DataCell ehf comes as Internet payment company PayPal says it will return the funds frozen in WikiLeaks' account to the foundation that was fund raising for it. It isn't yet clear where or when such a lawsuit would be heard....
03:57 PM, Dec 09, 2010
eBay has been sued by XPRT Ventures, which accused the online auctioneer and retailer of infringing six patents. ...
01:07 PM, Jul 14, 2010
Although PayPal is best known for online transactions, the service is eyeing more opportunities offline. ...
11:41 AM, May 13, 2010
PayPal is the online mode to pay for e-commerce transactions worldwide. ...
10:34 AM, Feb 19, 2010
PayPal is an online payment service provider. ...
09:25 AM, Feb 09, 2010
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