PayPal

Maija Palmer

Tech news from around the web:

Yahoo, the struggling internet company, is on the verge of appointing a new chief executive, writes Kara Swisher of AllThingsD, with Scott Thomson, president of eBay’s PayPal business, expected to get the nod. An announcement could come as early as Wednesday. Yahoo has been without a permanent CEO since firing Carol Bartz last September. The company has been run by its board and Tim Morse, its former chief financial officer, while looking at a range of strategic options including a sale of all or part of the company. Read more

Tech news from around the web:

PayPal, eBay’s payment service, is looking to take on Groupon and LivingSocial with plans to start offering coupons tailored to users’ buying habits and mobile phone locations, according to Bloomberg. The company will launch its mobile deals in the first quarter of 2012 in partnership with several US retailers. Read more

Tech news from around the web:

Citigroup’s research department says that Amazon is set to follow on from the launch of its Kindle Fire tablet computer with its own mobile phone, AllThingsDigital says. Citigroup analyst Mark Mahaney writes:

Based on our supply chain channel checks in Asia led by Kevin Chang, Citi’s Taipei-based hardware research analyst, we believe an Amazon Smartphone will be launched in 4Q12. Based on our supply chain check, we believe FIH is now jointly developing the phone with Amazon. However, we believe that Amazon will pay NRE (non-recurring engineering fees) to FIH but the device and multiple components will actually be manufactured by Hon Hai’s TMS business group (the same business group that makes Amazon’s E-reader and the 8.9” Amazon tablet).

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Joseph Menn

Ebay chief executive John Donahoe said the Chinese government  won’t let foreign-owned  internet companies win in that country, but added PayPal will nonetheless bend to fit new rules and stay in the market. Read more

Tech news from around the web:

Online games group PopCap could be getting ready to launch a series of casino-style games on Facebook according to GeekWire. New domain purchases, changes to a Facebook page and a recent trademark application for ‘Lucky GemCasino’ by PopCap have been cited by GeekWire as a shift to a casino offering. Read more

Tech news from around the web:

Club Penguin, the Disney-owned social network for children, is to make its debut on mobile devices with the release of Puffle Launch for iOS, Mashable reports. Puffle Launch for iOS is a replica of an existing Club Penguin web game which is played by 150,000 children each day. Read more

Joseph Menn

As UK police said they arrested the alleged second of four co-founders of the hacking supergroup Lulz Security, one of those still at large branched out into a legal form of protest, promoting a boycott of PayPal. Read more

Maija Palmer

mobile walletNow there is another mobile wallet to add to consumer confusion. The UK’s three largest mobile operators, Vodafone, O2 and Everything Everywhere, on Thursday said they had teamed up to create a single platform for making payments by mobile phone. Read more

From around the web:

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David Gelles

Indian PayPal users can once again use local banks to withdraw money from their accounts, resolving a hiccup that for weeks had prevented users in the world’s second most populous country from getting cash from their accounts.

The trouble began last month, when Indian regulators threw a wrench into PayPal’s business in the country as they investigated whether PayPal, the world’s largest online payments company, should be considered a remittances business.

As a result, PayPal stopped allowing users to transfer funds directly from one personal account to another, and also made it impossible for its customers in India to withdraw PayPal funds through a bank, effectively shutting down the only method for retrieving an account’s balance. Person-to-person transfers will likely be suspended for a few months as the company works with regulators to obtain new licenses that will allow it to legally handle remittances. Read more