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EBay to Split Off PayPal as Mobile Payments Gain Ground

Author:
Spencer Soper
Source:

EBay Inc. is spinning off its PayPal division, heeding demands by activist shareholder Carl Icahn and giving the business independence it can use to contend with rising competition from Apple Inc. and Google Inc.
EBay and PayPal will become independent companies in 2015, subject to customary conditions, the San Jose, California-based company said in a statement today. Chief Executive Officer John Donahoe, who said in March a full separation was “not a good idea,” won’t have an ...

Visa: Apple Pay Will Pave the Way for More Mobile Wallets that People Can Actually Use

Author:
Kevin Fitchard
Source:

Visa’s technology chief Rajat Taneja has high hopes for Apple Pay, but not for all of the reasons you might expect. He believes Apple will pave the way for a multitude of new payments apps.
Visa EVP of Technology Rajat Taneja gets understandably excited when you mention Apple Pay...

Samsung is Teaming with PayPal for Mobile Payments on a Watch

Author:
Kevin C. Tofel
Source:

The next generation of Samsung smartwatches could have a fingerprint sensor to be used for mobile payments via PayPal. Both will have to fight back against Apple Pay so banding together may make the most sense....

Could Apple Pay Kill the Traditional Wallet?

Author:
Ashley Rodriguez
Source:

Apple is going after wallet makers with its new mobile payment system, called Apple Pay, which threatens to disrupt the whole industry. The digital wallet introduced last week allows consumers to make in-store and online payments using their phones -- effectively eliminating the need for a traditional wallet.

Why Apple Pay Could Be Huge -- And It's Not What You Think

Author:
Scott Gillum
Source:

Forget the Apple Watch and iPhone 6. Apple Pay is Apple's next biggest innovation and this is why: Touch ID has the potential to finally push mobile over the hump in the U.S.
Yes, Apple has spent a good deal of time discussing the near-field-communication technology and how it is working with retail, credit card and bank partners. It was quick to point out that there are merchants ready to accept Apple Pay as a very secure payment method. But that isn't the news. Go into any Starbucks on any day and you will see plenty of mobile transactions.

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