PayPal

eBay is considering a spinoff of PayPal, its fast-growing payments unit, as soon as next year, tech news website The Information reported, citing sources. Shares of the online retailer jumped nearly 4 percent to $55.48 at midday. EBay told potential candidates for the position of PayPal chief executive officer, a post that David Marcus vacated Continue Reading →

When PayPal’s parent company eBay agreed to buy payments startup Braintree last year, the companies boasted of the mobile-payments innovation to come. A little less than a year later, the companies are beginning to back up those promises. PayPal is unveiling One Touch PayPal, which will let shoppers who have downloaded the PayPal app pay Continue Reading →