E-Commerce

San Jose, Calif.-based PayPal Inc. later this week will expand its five-store point-of-sale payments pilot with Home Depot to 51 stores, chiefly in the San Francisco Bay area, according to John Donahoe, chief executive of eBay Inc., PayPal’s parent company, and interim president of PayPal. Speaking during a fourth-quarter conference …

PayPal Inc. on Wednesday projected its mobile-payments volume this year will reach $7 billion, nearly doubling the $4 billion it now says its mobile service processed in 2011. The final number for last year came in significantly higher than the $3.5 billion PayPal was estimating late in the year and …

The Internet, especially through online gaming and social networks, has spawned a number of new electronic currencies. Are any of these ready to make the leap into general usage, the way dollars and pounds and euros and yen are today? That was the fascinating question raised this week at a …

  Confirming its earlier signals that it does not want to be a direct U.S. merchant acquirer, at least not yet, Visa Inc. plans to sell its portfolio of just over 9,000 U.S. e-commerce merchants to merchant processor Global Payments Inc. within the next two months. Atlanta-based Global divulged the …

The strong increases in online payment transactions noticed by merchant acquirers and others in November continued through the entire holiday shopping season, according to recently released data. Leading e-commerce acquirer Chase Paymentech reported on Thursday that its Cyber Holiday Pulse Index recorded nearly 360 million transactions valued at approximately $14.5 …

PayPal Inc. on Wednesday lost its top executive just as the e-commerce processing giant has embarked on an ambitious strategy to handle transactions for brick-and-mortar stores. The departure of Scott Thompson, who has been PayPal’s president since 2008, also represents the second loss of a key executive at PayPal in …

A 5-year-old law that bans U.S. banks and processors from handling online-gambling transactions won’t stand in the way of a U.S. Justice Department opinion released last week that appears to put the federal government's imprimatur on intrastate online betting. The DoJ on Dec. 23 released a 13-page memorandum giving states …

Bowing to feedback from small-business users, Intuit Inc. this week added the capability of accepting credit and signature debit cards to its QuickBooks Online product. The new capability allows users to accept Visa and MasterCard cards in addition to the existing ability to accept bank-account transfers through the automated clearing …

Dwolla Corp. on Thursday unveiled a credit option it hopes will appeal to users who want faster funds availability for spot or impulse purchases. The option, known as “Instant,” is available now and allows users to borrow up to $500 that they can use right away rather than waiting two …

  Payments startup Dwolla Corp. eliminated its transaction fee last week on all payments under $10, a bold move in itself, but it apparently has much bigger things in store. For one thing, the Des Moines, Iowa-based company is testing a system that co-founder Ben Milne says will make automated …