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Facebook to test mobile payments service (Update)

Facebook plans to test a mobile payments service that lets users make purchases inside mobile applications using payment information they have added to their account on the social network.

US studying risk from online payment providers

The United States is studying the potential risk from online payment mechanisms like PayPal and Bitcoin, a top US Federal Reserve official told an international conference on Monday.

EBay CEO's 2012 compensation nearly doubles

EBay Inc. CEO John Donahoe's compensation nearly doubled to $29.7 million in 2012, a year that saw the e-commerce company's stock gain 68 percent thanks to growth in its namesake marketplaces business and PayPal.

Battle commences for 'mobile money'

Global financial groups battled Monday to control the lucrative future of "mobile money", which will enable people to use a smartphone to go shopping instead of cash and credit cards.

EBay posts higher 3Q earnings, revenue

EBay reported Tuesday that its third-quarter net income rose 22 percent thanks to higher revenue at its PayPal payments service and at the marketplaces business that includes eBay.com.

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 ...

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.

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