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EBay today said it is acquiring the mobile payment company Zong for $240 million in cash. The news follows last month’s announcement that eBay’s PayPal business is expected to do $3… Read more »

Google unveiled its mobile wallet initiative yesterday, and it took PayPal all of 10 hours to respond with a lawsuit claiming Google Wallet is the byproduct of misappropriated trade secrets. The lawsuit… Read more »