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Denial-of-Service attacker tells Brian Krebs he's working for theFBI

Last week, I blogged Brian Krebs's amazing piece on AsylumBooter, a cheesy denial-of-service-for-hire site apparently run by a 17-year-old Chicago-area honor-roll student named Chandler Downs, whose PayPal account was flush with more than $30,000 paid by people who'd launched more t

Google makes it easier to send money through Gmail

Think about how to send money electronically and it"s probably PayPal that springs to mind first. But if Google gets its way, Google Wallet is about to become much more popular.

An Offer You Can't Refuse: Bitcoin Startup BitPay Raises $2M Led By Founders Fund (The VC Run By The PayPal Mafia)

BitPay, the startup with ambitions to become the PayPal of the bitcoin world, is today announcing that it has raised another $2 million. And in what is a kind of poetic justice, the round is led by none other than the Founders Fund, the VC started by what's commonly called the PayPayl Mafia.

Can Google Be The Amazon.com For The Rest Of The Web?

But 1-Click has been slow to expand beyond Amazon's walls. While Amazon offers the convenient checkout service to retail-website builders, competitors are understandably loath to embrace the e-commerce giant's tools.

Google Is Rebooting Its Troubled Digital Wallet On The Web

Under the Wallet name, Google has been mostly selling failure. It's offered a confusing array of payment services most notably, a way of paying for items in stores by tapping your smartphone to a device on the counter.

Death By A Thousand Cuts? Google Wallet's Plan To Take On PayPal Leverages Chrome, Android, Google+, Gmail & More

Flying under the radar amid a flurry of announcements from today’s Google I/O developer conference is the bigger news of how Google is stepping up its efforts to compete with online payment giants with a revamped checkout process for the web, mobile web, within mobile applications running on A

PayPal takes aim at Square with free mobile payment processing

The company is offering the deal through the end of the year to businesses that dump their current register solution in favor of PayPal Here.

PayPal targets Square with hardware trade-ins, waives fees through 2013

After watching its rivals Square and Groupon play their hands earlier today, PayPal announced a program that allows merchants to trade in their old payment processing equipment in exchange for new hardware.

Square And PayPal Push The iPad-ification Of America's Small Businesses

Square, PayPal, and Groupon all made news today with the common goal of getting small businesses to junk their cash registers for Internet-connected devices that promise to bring the simple act of settling accounts into the future.

Groupon Rebrands Mobile Payments Biz As Breadcrumb, Adds iPad Merchant App And A $5k No-Fee Deal To Bring On New Users

A day after Groupon released (and then pulled) an iPad app with a new mobile payments dashboard for businesses, today the company is taking the wraps off a bigger piece of news around its larger plans to expand its commerce services for local merchants.