EBay Plans Payments Using Cell Phones

Paypal, the online payment service owned by eBay Inc., has begun testing a new offering to allow people to make and receive payments using cell phones and other mobile devices.

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PayPal Eager to Get Into Point-of-Sale Transactions

PayPal is well-know to anyone who has ever bought anything on eBay or at other online vendors, but now the company is eager to take on other merchant processor services. It denies having designs on this vast market, but industry observers are skeptical. But you be the judge.

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Google has applied for a patent covering a person-to-person mobile payment system that uses text messages, which could move it further into the banking market.

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