eBay’s online payment processor PayPal is moving offline, said Chief Executive John Donahoe in the wake of presenting quarterly results on Wednesday. "We intend to help retailers grow their businesses offline in the same way we helped merchants grow online," Donahoe said during a conference call with analysts. PayPal will be testing "point-of-sale innovation" with a major U.S. retailer by the end of this year, he added.

14 members of Anonymous hacker group were arrested Tuesday by the US authorities on charges they participated in several major cyber attacks on PayPal as vengeance for declining to process donations for WikiLeaks. Federal Bureau of Investigation arrested 14 people in 9 states and Washington D.C. for attacking PayPal last December. The attack is widely believed to have been orchestrated by Anonymous.

eBay Inc has agreed to purchase a provider of payments through mobile carrier billing Zong. The deal is estimated approximately at $240 million in cash. The company expects that combined with PayPal, Zong will add complementary technology and talent that help strengthen PayPal’s leadership position in mobile payments and digital goods.

A provider of ecommerce solutions Digital River Inc has partnered with PayPal. Now an eBay subsidiary payment system is implementing Digital River® World Payments™ solution to support local online payment processing in Brazil and Mexico. “Digital River World Payments is a very important part of our payments program and will definitely offer a key structure support for the expansion of the company in Brazil,” said Mario Mello, PayPal’s general manager for Brazil.

  Yesterday Microsoft has announced availability of update for a new Xbox 360 System. The update offers an auto-standby feature that places the console on standby if it’s idle for more than one hour that significantly reduces power consumption. This feature automatically gets enabled if the update is installed.  

An online payment system PayPal is forecast to have a major boost as mobile payment systems are increasingly growing, says a new survey from market research firm GfK. According to the research PayPal is the brand most likely to be trusted with personal financial data by consumers in nine major markets around the world. Credit-card brands Visa and MasterCard were the next most likely global brands to be trusted, followed by Apple -- which already handles account data through the iTunes store --, Nokia and Samsung.

InMobi is launching InMobi SmartPay, a performance-based global mobile payments solution across the United States. InMobi SmartPay™ is aimed to provide app developers, game companies, and content providers in the $200bn market of mobile content and virtual goods with necessary tool to expand their business and capitalize in the industry with a one-time, no-cost, single point of integration across multiple countries.

The first quarter turned profitable for eBay who makes every effort to make its marketplaces more attractive to online shoppers. More people were purchasing items on the ecommerce site and more merchants used its PayPal payment system. The first quarter revenue increased by 15.9% to $2.55 billion supported by a 23% growth at PayPal and a 12% rise at its marketplaces, says eBay. EBay is in the final stages of a three-year plan to revitalize its marketplaces unit, whose growth had slowed.

An ecommerce giant eBay plans to purchase Where, a company that provides local advertising to mobile phones. The terms of the deal were not disclosed by eBay but it said that it expects to close it in the second quarter of 2011. The purchase would not affect the results of the earlier forecast, said the company in a blog post announcement. eBay believes the deal would enhance its ability to connect retailers and shoppers.

Sony has been granted permission by a federal judge to subpoena PayPal records of George Hotz, the hacker behind jailbreaking the company’s PlayStation 3 game console.

eBay is launching new initiative to allow sellers to offer as many as 50 items per month without charging them a listing fee. The program comes into effect starting next month. The pricing is effecting as of April 19 and follows similar incentives promoted in 2010 for attracting new sellers and new listings to eBay's auction website. The company estimated last month that the marketplaces unit is set to grow into a $7 billion to $8 billion business by 2013 from $5.7 billion in 2010. It is targeting total revenue to reach $13 billion to $15 billion by 2013.  

PayPal started a new customer service and operations center in Chandler, Arizona. The new facility, located at 3000 West One Payment Way, will employ up to 2,000 new employees - which will help to support PayPal customers around the world.

One of the largest online payment systems PayPal, owned by eBay has announced creation of 200 new jobs to expand its services in Ireland and Athlone, 150 and 50 accordingly. The online payment processor said that they are looking for people to work to work in customer service and merchant services. All the candidates are required to be fluent in English and a second European language.

At an investor meeting at San Jose, California headquarters eBay was trying to pose itself as a reinvented business and an innovator in the ecommerce industry. The company said that by 2013 the revenue of its unit PayPal will increase twice. John Donahoe, CEO of eBay, characterized the company as leading a consumer-driven move to make e-commerce faster and more convenient. He said consumers already have a "store in their pocket" because of smartphones that allow them to surf the Internet, shop and pay in one go.

To comply with the new rules set by Reserve Bank of India an online payment processor PayPal is imposing more restrictions on the service in the country. In its post to the official blog PayPal corporate communications staffer Dickson Seow says the RBI is enforcing new rules "governing the processing and settlement of export-related receipts facilitated by online payment gateways".