Sunday, January 25, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony Postpones Earnings Announcement
January Windows 10 Build Released Through The Windows Insider Program
Flexible Computers Are Stil Away From Reality
China Denies Microsoft Outlook Hacking Allegations
A Look at Microsoft's New Spartan Browser
JOLED Joint Venture Company Established
Samsung Engineers Develop Wearable Sensor for Stroke Detection
Skype To Be Part Of Windows 10
Active Discussions
HELP!!!
full screen wide screen
UDF errors
Hi
The Simplest Way to Download KODAK HERO 7.1 Driver
About the restriction problem of chapter quantity in DVD
Booktype utilities for LiteON and OEM DVD Recorders
downgrade a nero vision 5 project to nero vision 2
 Home > News > General Computing > eBay t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, September 26, 2013
eBay to Acquire Braintree


EBay Inc said it would buy payment gateway Braintree for about $800 million in cash to add to its PayPal business.

Braintree helps to process online and mobile credit card payments by providing a merchant account, payment gateway, billing and credit card storage.

"Braintree is a perfect fit with PayPal," said eBay Inc. President and CEO John Donahoe. "Bill Ready and his team add complementary talent and technology that we believe will help accelerate PayPal?s global leadership in mobile payments. Together, we expect that PayPal and Braintree also will accelerate our leadership in supporting developers who are creating innovative solutions for next generation commerce startups."

Once the acquisition is completed, Braintree will continue to operate as a separate service within PayPal under the leadership of Braintree CEO Bill Ready, who will report to PayPal President David Marcus. Braintree's management team and employees are expected to stay in place.

"PayPal was built on helping entrepreneurs grow great businesses online. I?m thrilled to welcome the Braintree team," said PayPal President David Marcus. "With this deal I believe that we will accelerate our capabilities for developers, entrepreneurs, merchants and companies that are building the future."

Venmo, Braintree's mobile application that gives people an easy way to pay each other using their mobile devices and leveraging social networks, is part of the acquisition and will help to contribute to PayPal?s mobile payments capabilities.

The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close late in the fourth quarter of 2013.


Previous
Next
Stanford Engineers Build First Computer Using Carbon Nanotubes        All News        New OCZ Fatal1ty 550 W and 750 W Power Supplies Now Available
Stanford Engineers Build First Computer Using Carbon Nanotubes     General Computing News      New Toshiba Bluetooth IC Supports Two Communication Methods

Get RSS feed Easy Print E-Mail this Message

Related News
EBay To Slash Jobs, Sell Enterprise Unit
eBay Asks Users To Change Passwords
AMD Rumored To Work With Toshiba On Radeon SSDs
Icahn Ends Pressure On eBay Over Paypal
Icann Calls eBay Governance 'Dysfunctional'
Ebay Same-day Delivery Expanded
eBay To Open Interactive Storefronts
New Logo For eBay
eBay Acquires BillSAFE
eBay Launches Open Commerce Ecosystem, Partners With Facebook
eBay to Acquire Zong
EBay Takes On Amazon.com With Proposed GSI Commerce Acquisition

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .