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Digital 'wallets' proliferate at cellphone show

Cash, coins and credit cards are so Twentieth Century. At least, that's the opinion of the electronics manufacturers, phone companies, banks and credit card issuers that expect cellphones to be the main way consumers pay ...

Cellphone trade show kicks off in New Orleans

(AP) -- CTIA Wireless, the U.S. cellphone phone industry's annual trade show that starts Tuesday, is drawing heavy participation not just from the cellphone industry, but from MasterCard, Visa, and other companies in the ...

EBay posts higher 1Q net income and revenue

(AP) -- EBay's first-quarter net income grew 20 percent thanks to higher revenue from its PayPal business and brisk sales at its e-commerce websites. The results beat Wall Street's expectations and investors sent the company's ...

Smartphones wallets going mainstream: survey

Using smartphones or tablets as digital "wallets" will be common within a decade, largely replacing cash and credit cards, according to a Pew Research survey released on Tuesday.

PayPal to expand in Asia after mobile app launch

PayPal Asia-Pacific chief Rupert Keeley said Friday the US company plans to expand in the region over the next 12 to 18 months, after it launched the region's first payments service for smartphones.

Yahoo! to lay off 'thousands': report

Yahoo! is preparing to lay off thousands of workers in a sweeping restructuring being launched less than three months after CEO Scott Thompson took control, according to a report Monday.

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