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News

• Icahn wants eBay to spin off PayPal

  Activist investor Carl Icahn has proposed that eBay spin off its payments unit PayPal into a separate company.

• eBay's PayPal acquires StackMob for mobile technology

  Ebay's PayPal division said on Tuesday it is acquiring StackMob, a company specializing in development tools for building mobile applications.

• PayPal DDoS attackers plead guilty, some may walk free

  Anonymous members, charged with a distributed denial-of-service attack on PayPal, entered a plea Thursday that could see some of them walk free at sentencing next December.

• 'Team Moscow' wins $100K in PayPal's Battle Hack 2013

  A group of Russian software developers dubbed "Team Moscow" has won PayPal's $100,000 Battle Hack 2013 awarded for the best socially worthy use of PayPal's API. A team of Israel finished second and one from Miami finished third.

• Gartner analyst slams OpenStack, again

  Gartner analyst Allessandro Perilli recently attended his first summit for the open source cloud platform OpenStack and he says the project has a long way to go before it's truly an enterprise-grade platform.

• EBay to acquire payments startup Braintree for $800 million cash

  PayPal's parent company, eBay, plans to acquire payments startup Braintree for approximately US$800 million in cash to enhance PayPal's mobile capabilities.

• Show me the money: Facebook tests new feature to encourage more in-app buying

  Facebook is moving ahead with plans to test a new mobile feature to entice more people to buy products while shopping on smaller devices such as iPhones.

• PayPal to offer hands-free payment through smartphone app

  In its bid to boost its acceptance in physical retail stores, PayPal has introduced technology that will enable people running its app on smartphones to automatically check in at stores and restaurants.

• Can the U.S. Postal Service find a future running a gov't cloud-based authentication service?

  Can the U.S. Postal Service (USPS) find a new future running a cloud-based authentication service for the government? The USPS intends to try and do just that under a three-year $15.12 million contract awarded to SecureKey Technologies today for some foundation technology to build a cloud-based authentication exchange.

• Facebook to test new mobile payment service

  Facebook plans to test a new service designed to streamline the check-out process for people shopping on their mobile devices. It could become a competitor to other e-commerce players like PayPal.

• Former NSA analysts start company to research zero-day vulnerabilities in websites

  Two former National Security Agency (NSA) computer network operations analysts have set up a company called Synack that is offering to match bug-bounty security experts from around the world -- including from within the NSA on a freelance basis -- to discover zero-day vulnerabilities in websites.

• PayPal opens up bug bounty program to minors

  PayPal is opening up its bug bounty program to individuals aged 14 and older, a move intended to reward younger researchers who are technically ineligible to hold full-fledged PayPal accounts.

• PayPal eyes opportunities in outer space

  PayPal, which claims more than 128 million active accounts in 193 markets and 25 currencies around the globe, is now looking at outer space.

• US charges eight with multimillion-dollar cybercrime

  U.S. federal prosecutors charged eight people on Wednesday in connection with a multimillion-dollar fraud that siphoned money from hacked accounts at banks and financial institutions, laundered it and sent it overseas.

• Bitcoin isn't PRISM-proof

  In the aftermath of the revelation of PRISM, the NSA spying program that collects user data from nine major U.S. tech companies, many have highlighted alternate options from organizations that are not known to be cooperating with government surveillance efforts.