PayPal's New Boss, Dan Schulman, Must Reinvigorate Aging Firm
By hiring former American Express executive Dan Schulman to lead an independent PayPal, the company is betting that his expertise — bringing innovation to a well-established international payments company — can ensure PayPal's survival.
Dan Schulman
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Carl Icahn
Investor Carl Icahn, who earlier this year pushed eBay to make PayPal a separate company, says he is pleased with eBay's decision to do so but is not totally satisfied with the timing. more »
Neal Sample
American Express has named Neal Sample as president of its enterprise growth division. more »
Image: Bloomberg News
EBay's planned spinoff of PayPal, announced today, is a necessary and inevitable response to the influx of disruption coming to the payments industry from unconventional sources. As companies like Amazon.com, Apple and Wal-Mart take a growing interest in the payments market, PayPal's status as a unit of a rival e-commerce company limited its role. more »
John Donahoe, CEO of eBay, will leave his management role but remain on the boards of both companies.
PayPal, the payments unit of eBay Inc., will be split off to form its own company under the leadership of new president Dan Schulman, eBay's board of directors announced Sept. 30. more »
Image: ShutterStock
Ukash is expanding its reach in Spain by working with Logista, giving the online cash payment provider a presence at nearly 13,000 more point of sale terminals in the country. more »
Neal Sample, executive vice president, enterprise growth CIO and chief of marketing technologies for American Express.
During World War II, Lockheed Martin created a program called Skunk Works, which used specialized teams of developers for lightning-fast brainstorming to accelerate the research and development of new planes. That is how a lot of payments innovation is getting done today. more »
Image: Bloomberg News
Payments processor Stripe will partner with Facebook to provide technology behind the social network's "buy" button, according to a report in ReCode. more »
Image: ShutterStock
PayPal is going slow when it comes to Bitcoin, limiting its current focus to emerging channels and relying on partnerships with virtual-currency processors in North America. more »

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