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Mobile payments are a hard sell, even for the dominant online alternative payment provider. PayPal's approach may seem like overkill, but the company says every payment counts when trying to convince consumers and small merchants to use handheld devices.
March 15 -
Scott Thompson's abrupt departure as PayPal's president leaves PayPal in the hands of a team of competent executives, but raises the question of who among them, if any, will be tapped to fill his role.
January 19 -
Yahoo stands out as the only major Internet brand without a payments service. That may change now that the company has hired Scott Thompson from PayPal Inc. to be its new CEO.
January 4
PayPal said Thursday that it has promoted David Marcus to be its president, effective April 2.
Before joining PayPal, Marcus founded and headed Zong, a mobile payments company PayPal bought in August last year. Since joining PayPal, Marcus has been its vice president of mobile.
"He's going to lead PayPal with that 'founder's perspective,' to bring start-up energy to PayPal's unmatched global reach and digital payment capabilities," said John Donahoe, chief executive of PayPal's parent eBay (EBAY), in
PayPal has lacked a permanent president since Scott Thompson left the job
Marcus was one of a
Marcus helped develop
"I'm honored and excited to be asked to lead this unique business and help make the digital wallet an amazing experience for merchants and consumers worldwide," Marcus said in a press release Thursday.
