John Adams

By hiring former American Express executive Dan Schulman to lead an independent PayPal, the company is betting that his expertise — bringing innovation to a well-established international payments company — can ensure PayPal's survival.

By hiring former American Express executive Dan Schulman to lead an independent PayPal, the company is betting that his expertise — bringing innovation to a well-established international payments company — can ensure PayPal's survival.

EBay's planned spinoff of PayPal, announced today, is a necessary and inevitable response to the influx of disruption coming to the payments industry from unconventional sources.

EBay's planned spinoff of PayPal, announced today, is a necessary and inevitable response to the influx of disruption coming to the payments industry from unconventional sources. As companies like Amazon.com, Apple and Wal-Mart take a growing interest in the payments market, PayPal's status as a unit of a rival e-commerce company limited its role.

Shopkick is being acquired by SK Planet (SKP), and aims to replicate success of its Seoul-based buyer, which serves three-quarters of South Korea's population of 50 million.

During World War II, Lockheed Martin created a program called Skunk Works, which used specialized teams of developers for lightning-fast brainstorming to accelerate the research and development of new planes. That is how a lot of payments innovation is getting done today.

Wal-Mart Stores Inc.'s deal to distribute Green Dot Corp.'s mobile checking account, GoBank, signals a fundamental change in how both companies approach their audience.

Payments processor Stripe will partner with Facebook to provide technology behind the social network's "buy" button, according to a report in ReCode.

PayPal is going slow when it comes to Bitcoin, limiting its current focus to emerging channels and relying on partnerships with virtual-currency processors in North America.

Wal-Mart Stores Inc.'s deal to distribute Green Dot Corp.'s mobile checking account, GoBank, signals a fundamental change in how both companies approach their audience.

Wal-Mart Stores Inc.'s deal to distribute Green Dot Corp.'s mobile checking account, GoBank, signals a fundamental change in how both companies approach their audience.

Klarna will target a range of merchants in the U.S., but will focus on e-commerce merchants that ship tangible goods. Its buy-now-pay-later model would, in most cases, result in the consumer paying for the item after receiving it in the mail.

PayPal's making moves to respond to the maturation of virtual currencies, entering into agreements with Bitcoin payment processors BitPay, Coinbase and GoGoin.

CO-OP Financial Services is developing a mobile app that will give consumers the ability to activate and deactivate card capabilities on the fly.

Macy's is using a mix of technology to pitch offers to consumers as they move within its store and shop across channels.

The PayPal Here mobile point of sale reader is now available on Android tablets, the eBay subsidiary announced Thursday.

Mobile payment provider Flint is adding team accounts to support the move beyond its roots as a vendor to micro merchants.

Green Dot plans to acquire Santa Barbara Tax Products Group for about $320 million, a move that will allow the prepaid card provider to add tax refund processing services through partnerships with tax preparers.

Green Dot plans to acquire Santa Barbara Tax Products Group (TPG) for about $320 million, a move that will allow the prepaid card provider to add tax refund processing services through partnerships with tax preparers.

DirectCash Payments has agreed to acquire Exeatm's ATM business in Australia for about $15.7 million.