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« September 21, 2003 - September 27, 2003 | Main | October 5, 2003 - October 11, 2003 »

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.

September 30, 2003

C2it to close

AuctionBytes is reporting this morning that Citibank's C2it is shutting down.
A CitiGroup spokesperson confirmed that the c2it online payment service will cease operations next month. c2it will close all customer accounts effective November 9, 2003, and will send remaining funds by check to customers. The site will be taken down on February 22, 2004.
A banner on the C2it website confirms the news.

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