Jul 2, 2015

PayPal buys international money-sending service Xoom

Online payment titan PayPal said Wednesday it is buying international money-sending service Xoom in a deal valued at $890 million. PayPal, a subsidiary of eBay, will pay $25 per share of Xoom in what amounts to a premium of 32 percent over the stock’s ...

Mar 13, 2014

Small merchants embrace mobile payment services

Small businesses and individual merchants who previously shunned credit cards because of the required pricey card-reading devices are now letting customers use their plastic thanks to the advent of cheaper smartphone-based payment systems. Such mobile payment services can be used to pay for food ...