Skype initial public offering next year
US based online auction company eBay has announced that they are going to separate Skype from their operations.
They are planning to launch an IPO for this unit sometime next year.
eBay said that the timing of the IPO launch would depend upon prevailing market conditions.
eBay CEO John Donahoe spoke about [...]
eBay boosts PayPal related protection for buyers and sellers
Online auction service eBay has announced that they are adding new security features to their PayPal service to boost customer confidence.
The company said that buyers who pay for items with PayPal will be eligible for full refunds in case the seller fails to deliver the goods.
There [...]
PayPal acquires privately held Fraud Sciences
eBay owned online payment-processing company PayPal has announced that they are now acquiring privately held Fraud Sciences.
Fraud Sciences is based in Israel and this deal is worth around $169 million.
PayPal said in a statement that the technology provided by Fraud Sciences is able to differentiate between real and fraudulent [...]
Meg Whitman might step down from CEO position at eBay
Wall Street Journal has reported that the CEO of online auction giant eBay Meg Whitman is planning to step down from the company.
She has been leading the company for the last 10 years. The report claimed that she has been working on assigning more tasks to [...]
Amazon.com to support Bill Me Later payment option
Online retailing giant Amazon.com has announced that they are now going to support Bill Me Later’s non-credit card payment service.
They are also planning to make an equity investment in this company.
Bill Me Later is essentially an online credit company which enables the customer to pay for an item [...]
eBay and PayPal sets up global development center in Chennai
Online shopping site eBay and its payment technology system PayPal have announced the launch of a new global development center in Chennai.
This new facility currently has around 1,000 employees through they plan to hire more in the coming months.
A Raja, union minister, communications and information technology [...]
Revolution Money: Latest online payment service to hit the market
AOL Founder Steve Case has announced his backing for a new online payment service named Revolution Money.
This new service promises that it would enable the users to transfer funds for free. They are also offering RevolutionCard credit card with low fees for merchants.
This facility would be [...]
