Technology

Just before eBay selected David Marcus to run PayPal in 2012, it named a number of executives who could have been prospects for the role. Now, as Marcus leaves to take a job at Facebook, some of these other executives may be in line to fill his shoes — but PayPal may also seek out new talent.

With PayPal president David Marcus leaving to join Facebook, the social network is positioned for a substantial market share grab in the digital payments industry.

Payment services entrepreneur Boris Kim has been elected chairman of Moscow-based Qiwi's board of directors.

Enabling payments for online services is the next big opportunity in e-commerce, says Carl Theobald, CEO of digital transaction technology company Avangate.

Israeli contactless payment technology provider On Track Innovations (oti) is expanding its reach to enable self-service payments on several fronts.

PayPal President David Marcus is leaving the eBay unit to lead Facebook's messaging products.

Affirm Inc. has raised $45 million to help it target consumers looking for new credit tools to make purchases online, Chief Executive Officer Max Levchin said at Bloomberg's Next Big Thing Summit.

American Express Co. reached a deal that will allow customers of car-service firm Uber Technologies Inc. to book rides using rewards points.

Apple's plan to introduce a new Lightning connector for headphones, potentially replacing the standard 3.5mm jack, could give mobile payment companies a major hardware headache.

Amazon.com Inc. will enable scheduled payments of fixed or variable amounts in attempt to attract businesses that rely on subscription-based or recurring transactions.