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BUSINESS
March 29, 2012 | By Michelle Maltais
If your buddy owes you money, lacking cash is no excuse if he's got an iPhone. Just like sending contact information with the Bump app, you can now transfer money the same way with Bump Pay . The free app asks for your email address when it's initially opened. You and your iPhone-wielding friend bump hands; when you feel the vibration, the money's a-moving. The money will be associated with the email address you enter. If that one doesn't have a PayPal account associated with it, PayPal will send you an email to prompt you to create an account to get your money.
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BUSINESS
September 19, 2011 | Reuters
EBay Inc. is building a new division to woo developers and attract more merchants as the company tries to emulate the success of Apple Inc.'s iOS platform in the e-commerce world. EBay's main business is still its giant online marketplaces, which bring shoppers and sellers together. The company's other big division is the payment business PayPal, and it acquired GSI Commerce this year to add a third division. But a fourth business has emerged in recent months called X.commerce.
BUSINESS
June 9, 2013 | By Jessica Naziri
If you are one of those people who rarely carry cash or forget to take it along, there's a smartphone app that might interest you. Venmo, a digital wallet company, has an app that makes it easy to exchange money, split bills and make good on IOUs. “It's like sending a text message with money attached to it," said 30-year-old Andrew Kortina, who founded Venmo with longtime friend Iqram Magdon-Ismail, 29. The two met during their freshman year at the University of Pennsylvania.
BUSINESS
January 11, 2012 | By Shan Li
People increasingly turned to mobile shopping over the holidays. And they didn't just browse, they bought. Sales over mobile devices during December doubled from the same month in 2010, according to a survey from IBM. About 11% of total online sales in that month were on smartphones and tablet computers, up from 5.5% a year earlier. That tracks with growth in overall online spending, which rose 7.5% in December compared to the same period a year ago, following double-digit growth over Black Friday and Cyber Monday in November.
BUSINESS
April 10, 2014 | By Ricardo Lopez
The fight between activist investor Carl Icahn and eBay Inc. has been settled as the two sides have quietly reached a truce, Ebay said Thursday. The two had been embroiled in a public spat over accusations by Icahn that two members of eBay's  board of directors had conflicts of interest and that the company had failed to get the full value for Skype, a video chat service, when it was sold.  Icahn also urged eBay to sell a minority stake in...
BUSINESS
June 13, 2012 | By Salvador Rodriguez
Square, the mobile payment start-up, announced it has hired a chief financial officer while also giving some metrics for the state of the company. Sarah Friar, a former VP atsalesforce.com, was announced by Square as its chief financial officer Wednesday. “Square was founded on a commitment to help people start and grow their business,” Friar said in a press release from the company. “I'm thrilled to join a company driving meaningful economic growth while revolutionizing the payment experience for consumers.” Friar's hiring comes as the young company is rumored to be seeking another round of funding, which has become a little harder for tech companies recently, thanks to Facebook and its IPO . But it isn't all bad in the world of Square.
BUSINESS
June 13, 2013 | Adolfo Flores
Forget ka-ching. Its all tap-tap these days. Restaurants and shop owners fed up with antiquated cash registers and expensive credit card terminals are switching to cheaper devices that plug into smartphones and tablets. And companies such as PayPal, Square Inc. and Groupon Inc. are rushing to meet them, developing sleeker stands to mount tablets running their software or hooking up with existing systems. The shift is happening as mobile devices permeate many facets of consumers' lives, including the way they shop and pay for everyday items.
NATIONAL
January 22, 2014 | By Saba Hamedy
Nicole Oulson said her "whole world just got shattered in a million pieces" after she witnessed her husband, Chad, getting fatally shot for texting at a Florida movie theater last week. The couple was at a matinee showing of "Lone Survivor" at the Cobb Grove 16 cinema in Wesley Chapel, Fla., on  Jan. 13 when Chad Oulson, 43, got in a spat with retired police officer Curtis Reeves Jr., 71, over texting, authorities said. Witnesses said an agitated Reeves pulled out a handgun and fired, hitting Chad Oulson in the chest.
BUSINESS
February 24, 2008 | From Times Wire Services
Money can't buy you love -- in fact, it's probably the root of your relationship problems. Nearly 60% of American couples said in a recent survey that they argue over money at least once a month -- more than they bicker over sex or household responsibilities. The online poll of 1,500 people, conducted for PayPal, also found that although about half of U.S. couples share a bank account, nearly 1 in 4 shop online as a way to keep their partners in the dark about what they're buying.
BUSINESS
January 24, 2012
Yahoo's latest financial results show the Internet company is still losing ground in the battle for online advertising. The fourth-quarter breakdown announced Tuesday is the latest in a succession of ho-hum performances. Yahoo Inc. recently hired former PayPal executive Scott Thompson as CEO in its latest attempt at a turnaround. The company earned $296 million, or 24 cents per share, in the October-to-December period. That is down 5 percent from $312 million, or 24 cents per share, a year earlier.
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