PayPal

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Hackers Want PayPal Users to Close Accounts

Anonymous tries a boycott instead of a hack this time

(Newser) - The group Anonymous is going after PayPal again, but this time in the form of a legal boycott instead of an illegal hack, reports MSNBC . "We encourage anyone using PayPal to immediately close their accounts and consider an alternative," says a missive from Anonymous and LulzSec. The move...

UK Cops: We Caught LulzSec's 'Topiary'

19-year-old is reportedly a co-founder of the group

(Newser) - British police say they've arrested a key member of the notorious LulzSec and Anonymous hacking groups. "Topiary," a 19-year-old who allegedly serves as the groups' spokesperson, was arrested in his home and transported to a London police station, reports CNET . Cops also are searching the home of...

Feds Arrest 14 Alleged Hackers From Anonymous

They face charges related to last year's attack on PayPal

(Newser) - The hackers of Anonymous are apparently a far-flung group. The Justice Department today said it arrested 14 of them across nine states and the District of Columbia, reports the AP . They are accused of taking part in last year's attack on PayPal , which took place after the website suspended...

PayPal Sues Google, Says It Stole Trade Secrets

Goes after 'Google Wallet' mobile system

(Newser) - EBay and its PayPal subsidiary have filed a lawsuit accusing Google of stealing its trade secrets in the creation of its Google Wallet product . The suit names two executives—Osama Bedier and Stephanie Tilenius—who jumped ship to Google after long stints working at PayPal and eBay respectively, Reuters reports....

Big Banks Try to Steal PayPal's Thunder

Google meanwhile to let you pay with swipe of the phone

(Newser) - Big changes could be afoot in the way Americans pay for stuff. Bank of America, JPMorgan Chase, and Wells Fargo are introducing a new service that will let customers easily transfer money from their checking account to someone else’s, the Wall Street Journal reports. The banks are hoping the...

Look Out, PayPal, Visa Wants Your Customers

Credit card giant working on person-to-person transactions

(Newser) - Visa will soon allow customers to use their credit and debit cards to send money to other individuals, reports AP . It's the same type of service offered by the likes of PayPal, but Visa will come into the market with the advantage of 1.85 billion cards in circulation. One...

WikiLeaks-Loving Hackers Strike MasterCard, PayPal

Companies who shunned site targeted

(Newser) - WikiLeaks' bank accounts have been frozen, a host of companies have stopped doing business with it, and its founder is in custody, but is anybody coming to its defense? Step up, 4chan. "Anonymous," a group linked to the notorious message board, has launched denial-of-service assaults against firms that...

MasterCard Blocks Payments to WikiLeaks

Credit card company won't allow use for 'illegal activity'

(Newser) - The world's stomp on WikiLeaks just hit the jugular: MasterCard is blocking all payments to the muckraking media site. "MasterCard is taking action to ensure that WikiLeaks can no longer accept MasterCard-branded products," said a company spokesman. "MasterCard rules prohibit customers from directly or indirectly engaging in...

PayPal Kills Wikileaks' Account

Service says it can't be used for illegal activity

(Newser) - Want to donate to the less-than-popular cause of WikiLeaks? Better find an option other than PayPal, which has yanked the account used by the elusive leakers to take in donations, reports the AP. WikiLeaks had violated its policy, PayPal contends in a blog, "which states that our payment service...

iTunes Hackers Emptying PayPal Accounts

Phishing scam may be to blame

(Newser) - Fraudsters targeting iTunes users have been emptying PayPal accounts with large purchases of music, videos, and software from the Apple site. Users—some of whom have lost thousands of dollars in unauthorized charges billed to their account—complain that Apple seems to be unconcerned about the problem, TechCrunch reports.

Facebook Sees Big Bucks in Virtual Goods
 Facebook Sees Big 
 Bucks in Virtual Goods 
ONLINE GAMING
Oct 23, 2009 12:56 PM CDT

Facebook Sees Big Bucks in Virtual Goods

Social networking site wants a cut of gaming transactions

(Newser) - Gaming is blowing up on Facebook, and the social networking site hopes to take a cut of the very real revenue generated by virtual interactions. Analysts think credits and other services bought to enhance the likes of “Farmville” and “Mafia Wars” will be trading at a clip of...

Worldwide Outage Stymies PayPal Customers

(Newser) - Online pay service PayPal was down for about five hours today, the Wall Street Journal reports, potentially derailing millions of transactions. A rep for parent eBay attributed the outage to an “internal network hardware issue,” and couldn’t say how many customers were affected; PayPal has previously said...

Private Firms Hope to Haul NASA's Space Cargo

And US agency wants their help

(Newser) - Hauling crew and equipment between earth and the international space station is expensive work, and NASA is looking to private entrepreneurs to pick up some of the slack, the Washington Post reports. Among the front-runners is Elon Musk, a founder of Paypal, who has seen his three prototype shuttles crash...

eBay Profits Jump 22% Under New CEO
eBay Profits Jump 22% Under New CEO
EARNINGS REPORT
Apr 16, 2008 6:50 PM CDT

eBay Profits Jump 22% Under New CEO

Site raises projected revenue to $9B, exceeds estimates

(Newser) - EBay's revenue soared 24% in the first quarter, the Wall Street Journal reports, with profits up 22%. Fueled by continued success with its online auction business and PayPal, its online-payment component, the company also raised its projected 2008 earnings to $8.7 billion to $9 billion, well beyond Wall Street...

Web 2.0 Firms Taking Slower Route to IPOs

The new business model calls for a 'slow and easy' approach to going public

(Newser) - Growing Web 2.0 companies like LinkedIn, Facebook, and Slide are biding their time before going public, making sure to run up their value as much as possible to fetch top dollar with an IPO, reports Business Week. It’s a far different approach than companies took before the dot-com...

Gay Plays Well for Maverick VC
Gay Plays
Well for Maverick VC
Dec 20, 2007 12:18 PM CST

Gay Plays Well for Maverick VC

So says Valleywag about contrarian PayPal founder Thiel

(Newser) - In Silicon Valley, where "like funds like," Valleywag thinks it's important to note that Peter Thiel, "the smartest VC in the world, is gay." Why mention it? Thiel's Founders Fund, which just raised a $220 million financing round, could reinvent the way entrepreneurs get paid, and...

Wireless Giants Blocking New Mobile Services

Verizon, AT&T, keep competitors away

(Newser) - Wireless service giants AT&T and Verizon may be blocking other companies' devices and applications to defeat potential competition. Business Week reports that a discount international cell phone service, a wireless banking service, and PayPal, trying to bring its online payment service to wireless, were all obstructed by one or...

PayPal Swiping Credit Card Market
PayPal Swiping
Credit Card Market
Nov 21, 2007 1:05 PM CST

PayPal Swiping Credit Card Market

Fraud-wary consumers turn to alternative payment methods

(Newser) - With identity theft jumping 50% since 2003, more people are turning from credit cards to Internet-based payment services like PayPal and Google Checkout for online purchases and, increasingly, everyday transactions, Business Week reports. Roughly 30% of US online shoppers used an alternative payment service last year. "Consumers are afraid...

Now PayPal Is Everywhere MasterCard Is

New service aims to protect financial info, simplify shopping

(Newser) - PayPal is offering a new way for customers to pay on sites that don't normally accept the service. PayPal Secure Card creates a new MasterCard number for every transaction and retrieves members' payment information from their PayPal accounts. "From a merchant's perspective this looks like any other MasterCard transaction,...

Inside the 'PayPal Mafia'
 Inside the 'PayPal Mafia'
Nov 15, 2007 4:55 AM CST

Inside the 'PayPal Mafia'

Company's first generation behind $30 billion of cutting edge companies

(Newser) - They may be the most brilliantly successful—or luckiest—or both—small group of entrepreneurs in history: PayPal alumni who, like founders Peter Thiel and Max Levchin, left the company to create $30 billion worth of innovation: YouTube, Facebook, Slide, Yelp, Digg, investment firms, philanthropies, solar-power companies, an electric car...

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