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British student on trial over Anonymous PayPal hacking

A British student went on trial in London on Thursday accused of a series of cyber-attacks by the hacking group Anonymous that cost the US online payments giant PayPal millions of dollars.

Sources: PayPal planning layoffs (Update)

(AP)—EBay's PayPal unit is planning layoffs in the coming weeks as it tries to refocus and operate more like an agile startup than a large company, according to people familiar with the matter.

Groupon launches payments service in US (Update)

Groupon launched a payment service Wednesday that allows businesses to accept credit cards using an iPhone or iPod Touch, becoming the latest company to enter the growing mobile payments market.

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