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October 09, 2003

CyberSource to offer PayPal as payment option

CyberSource announced today that it is introducing PayPal as a payment option for its merchant customers.
"By working with CyberSource, businesses can now seamlessly integrate PayPal into their online storefronts," said Todd Pearson, managing director of PayPal's Merchant Services. "With this integration, merchants can offer a plug-and-play eCommerce solution that can immediately drive incremental revenue from the large community of buyers who prefer to make their purchases online using PayPal."

October 01, 2003

Xoom - Online to Offline International Money Transfer

Xoom, a startup pursuing international money transfer, has announced the closing of its Series A financing round. READ MORE »

PayPal says Bank One infringing patent

The Chicago Sun Times is carrying a Bloomberg story this morning reporting that eBay's PayPal unit has sued Bank One over patent infringement.
PayPal contends that its online bill-payment system, patented in 1998, is being wrongly used by Chicago's largest bank. The Mountain View, Calif.-based unit of eBay seeks a jury trial and unspecified damages in its lawsuit in U.S. District Court in Delaware.

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