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Latest Headlines

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

PayPal promotes former Zong chief David Marcus to president

eBay appointed David Marcus as president of its PayPal division. Marcus, previously PayPal's vice president of mobile, replaces Scott Thompson, who stepped down in January 2012 to become CEO at

Square expands Card Case hands-free payment app to Android

Square is extending its location-enabled Card Case payment application to Google's (NASDAQ:GOOG) Android operating system and rebranding the service as "Pay with Square." Originally introduced for

PayPal Here signs up 1,000 users per hour on launch day

The new PayPal Here mobile payment system signed up an average of 1,000 users per hour during its first day of availability, PayPal reports. PayPal Here--unveiled last week--enables small businesses

PayPal introduces Square rival, 'PayPal Here'

As expected, PayPal announced its mobile payment system for small businesses. PayPal Here charges businesses a flat rate of 2.7 percent per credit card or PayPal transaction, a.05 percent savings

Report: PayPal plots to dethrone Square by undercutting merchant fees

PayPal, which is expected to introduce a mobile payment dongle device today, will lure merchants with more favorable transaction terms than market-leading rival Square, according to sources with

Rumor Mill: PayPal launching mobile payment dongle to rival Square

PayPal is expected to unveil a mobile payment dongle device to rival similar technologies from competitors including Square and Intuit. Citing sources familiar with PayPal's plans, GigaOM reports the

PayPal expanding mobile wallet trial to 2,200 Home Depot stores

PayPal will expand trials of its new mobile wallet services to more than 2,000 Home Depot stores across the U.S., enabling consumers nationwide to pay for items at checkout via mobile device or a

eBay forecasts mobile commerce volume will reach $8B in 2012

Digital marketplace eBay is on pace to reach $8 billion in mobile gross merchandise volume in 2012, up from $5 billion in 2011, according to CEO John Donahoe. Speaking at the CEA Leaders in