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Latest Headlines

PayPal on pace to process $10B in mobile payments in 2012

PayPal said it expects to handle $10 billion in transacted mobile payment volume in 2012, an increase of 150 percent over a year ago.

PayPal acquires credit card scanning startup card.io

PayPal has acquired card.io, which develops credit card data capture technology integrated into applications including the PayPal Here mobile payment system. Financial terms were not disclosed.

Starbucks revamps Android payment app with PayPal support

Starbucks released a new version of its application for Google's Android enabling consumers to pay and reload their Starbucks Card via PayPal.

Square doubles userbase to 2M, transactions grow to $6B per year

More than 2 million businesses and individuals are now accepting credit and debit cards via the Square mobile transaction platform, up from 1 million just six months earlier.

Survey: Demand for PayPal mobile wallet trumps Google, Apple

Close to half of U.S. consumers are interested in using mobile wallet services, according to a new survey conducted by financial services consulting firm Carlisle & Gallagher. Among the 605...

PayPal expands mobile wallet to 15 new national retailers

PayPal is rolling out consumer trials of its fledgling mobile wallet service to 15 new nationwide retail chains: Abercrombie & Fitch, Advance Auto Parts, Aéropostale, American Eagle

Nokia teams with ESPN, Groupon for Windows Phone app exclusives

NEW ORLEANS--Nokia (NYSE:NOK) announced a series of new and exclusive Windows Phone content partnerships designed to differentiate its fledgling Lumia smartphone line. Partners include sports media

PayPal Here merchant signups eclipse 200K in first month

More than 200,000 merchants have signed up for the new PayPal Here since the mobile payment processing system launched five weeks ago, eBay CEO John Donahoe announced Wednesday. PayPal Here

Report: Square's latest financing may value it at $4B

Square is reportedly raising a new round of financing that values the mobile payment startup at $4 billion--roughly four times what it was worth less than a year ago. Citing multiple sources familiar

PayPal, Cumberland Farms kick off SmartPay app pilot program

PayPal is teaming with regional convenience store chain Cumberland Farms to introduce SmartPay, a new mobile application enabling motorists to pay for gasoline from the seat of their car. Available