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Report: eBay wants to spin PayPal into standalone business

Report: eBay wants to spin PayPal into standalone business

PayPal is a strong player in the world of mobile payment solutions, and leans heavily on eBay for leverage in that realm. That’s because eBay owns PayPal, and uses them as an in-house payment processor. A new report suggests that the online marketplace may be looking to spin PayPal off as its own unit, likely making it more nimble in the process.

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eBay hacked: Passwords reset after servers raided

eBay hacked: Passwords reset after servers raided

An eBay hack has left the online auction site asking all of its registered users to change their password, after its databases were compromised and encrypted login details stolen. Investigation of the hack, eBay says, shows no signs that credit card or other financial information was obtained, but instead a broad selection of personal data including physical address and phone number.

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Square may sell out to rivals in the face of continuing losses tip sources

Square may sell out to rivals in the face of continuing losses tip sources

Square is a mobile payment start up that has been operating for a while and makes it easy for people to get paid. Things haven't been going well of late for the company and in the face of losses and cash flow issues. Sources familiar with the company and its operations claim that Square may sell to one of its rivals. Three people who claim to be familiar with goings-on say that Google considered buying Square earlier this year.

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Facebook wants you to trust it with your money

Facebook wants you to trust it with your money

Facebook is preparing to challenge PayPal and Google Wallet as an electronic payments service, reportedly expecting imminent regulatory approval that would enable it to operate a money transfer system in Europe. The social networking behemoth is said to be in the midst of approval proceedings from Ireland's central bank that, if secured, would allow it to issue its own currency equivalent that would be valid across European countries.

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Diablo 3 gold and real-money auction houses end-date: tomorrow

Diablo 3 gold and real-money auction houses end-date: tomorrow

It’s time to be done with the longest-lasting experiment in real-cash trade for Diablo items in the history of the Diablo gamin franchise. It will be Tuesday, March 18th when the gold and real-money auction houses are taken down entirely, while the rest of the auction house ecosystem will remain in play. Until June 24th, players will be able to access their "completed" tabs - but we wouldn’t risk it.

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