PayPal and Softbank said Wednesday they will form a new joint venture to pursue online transactions business in the country.

EBay is hiring for a development center it is setting up in Bangalore, its second in the country.

All the momentum and vision that Yahoo CEO Scott Thompson has been building for the struggling company may have been thrown off course.

The startup Bump Labs threw its hat into the crowded mobile payments ring on Thursday, launching an app that allows people to exchange money by tapping their phones together.

EBay has tapped David Marcus to replace Scott Thompson as president of PayPal effective April 2, the company announced Thursday.

In recent weeks, more and more iTunes users have been reporting fraudulent activity on their Apple accounts, reporting hundreds or even thousands of dollars worth of bogus purchases. With the reports of this type of fraud on the uptick in recent weeks, many users have been quick to blame Apple or PayPal, as many of the affected iTunes accounts were linked to PayPal accounts.