Europ

Data Sheet-PayPal's Latest Acquisition Shows Why Everyone Wants a Piece of the Payments Pie

7 days ago   |   By Fortune

PayPal is buying a Swedish startup that offers Square-like payments services in Europe for a whopping $2.2 billion. It's a lot of money because the company, iZettle, processes a tiny fraction of Square's volume, which is a tiny fraction of PayPal's.
Three takeaways:
* Who would have thought a decade ago that payments would be such a hot field? PayPal was an obvious acquisition for eBay once upon a time because all the then-auction site's customers were using it. Today, the independent PayPal is worth 2.5 times its one-time owner, and its business is way bigger than merely processing...
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PayPal gains bigger in-store presence with $2.2B acquisition

8 days ago   |   By Boston Herald

SAN FRANCISCO - PayPal is buying financial services startup iZettle for $2.2 billion to expand its digital payment service into thousands of brick-and-mortar stores in Europe and Latin America. The deal announced Thursday marks the largest acquisition in PayPal's 20-year history and intensifies its competition with Square, a payment processor started by Twitter co-founder and CEO Jack Dorsey. Both PayPal and Square are vying to help mostly small- and medium-sized retailers process sales that aren't paid with cash.
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PayPal buys Swedish startup iZettle for $2.2 billion

8 days ago   |   By CNN Money

The acquisition will allow PayPal to extend its platform to stores around the world - and 11 new countries.
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Report: Businessman gets 90 days of house arrest in rape of 5-year-old girl

Report: Businessman gets 90 days of house arrest in rape of 5-year-old girl

The 79-year-old will also not have to register as a sex offender. Read more ...

Boston bound: LeBron pushes Cavs to Game 7 vs. Celtics

Boston bound: LeBron pushes Cavs to Game 7 vs. Celtics

CLEVELAND - LeBron James chose Boston as the place he'll play next. Read more ...

Fiat Chrysler recalls nearly 5 million vehicles that could get stuck in...

Fiat Chrysler recalls nearly 5 million vehicles that could get stuck in cruise control

Fiat Chrysler is recalling 4.8 million vehicles over an issue that could prevent drivers from turning off cruise control. Read more ...

Meghan Markle now has her very own coat of arms

Meghan Markle now has her very own coat of arms

There's lots of California imagery honoring her American heritage. Read more ...

Gas prices are up 31% from last Memorial Day. Here's why

Gas prices are up 31% from last Memorial Day. Here's why

Gone are the days of $2-a-gallon gasoline. Read more ...

Multiple injuries reported after shots fired at central Indiana middle...

Multiple injuries reported after shots fired at central Indiana middle school; suspect in custody

The incident happened at Noblesville West Middle School, which is 30 miles north of downtown Indianapolis. Read more ...

George Zimmerman tells court he's $2.5 million in debt

George Zimmerman tells court he's $2.5 million in debt

The ex-neighborhood watch volunteer who killed Trayvon Martin in 2012 says he's $2.5 million in debt and has no income. Read more ...

Officials: Record fentanyl bust in Nebraska finds enough doses to kill 26...

Officials: Record fentanyl bust in Nebraska finds enough doses to kill 26 million people

Nebraska's governor says it was one of the largest ever drug busts in the United States. Read more ...

UFC Fight Night 130 weigh-in results and live video stream

UFC Fight Night 130 weigh-in results and live video stream

LIVERPOOL, Englang - MMAjunkie is on scene and reporting live from today's early and official UFC Fight Night 130 fighter weigh-ins, which kick off at 4 a.m. ET . The early... Read more ...

Kemp's 3-run blast powers Dodgers past Padres 4-1

Kemp's 3-run blast powers Dodgers past Padres 4-1

LOS ANGELES - Matt Kemp slugged a three-run homer in the first inning, Enrique Hernandez added a solo shot in the third and the Los Angeles Dodgers defeated the San Diego... Read more ...