PayPal and Softbank said Wednesday they will form a new joint venture to pursue online transactions business in the country.

EBay is hiring for a development center it is setting up in Bangalore, its second in the country.

All the momentum and vision that Yahoo CEO Scott Thompson has been building for the struggling company may have been thrown off course.

PayPal's major drawback for small businesses has been that customers need to leave the website they're shopping on to process a payment. Starting today, however, the new PayPal Payments system will let you keep customers on your website while they're completing a purchase.

After weeks of rumors of a pending reorganization, Yahoo has the company is laying off about 2000 workers.

The ubiquity of mobile devices, the shift to "choose it yourself" top-level domains and the availability of internationalized domain names will profoundly impact the relationship between your network and your network users. In this biweekly column, Ram Mohan, a non-voting ICANN board member and "Security and Stability Advisory Committee Liaison," chronicles these and other developments in this biweekly Network World column.

The startup Bump Labs threw its hat into the crowded mobile payments ring on Thursday, launching an app that allows people to exchange money by tapping their phones together.

EBay has tapped David Marcus to replace Scott Thompson as president of PayPal effective April 2, the company announced Thursday.