For more than a decade eBay and PayPal have mutually benefitted from being a single company, but today the e-commerce giant announced that it will be spinning off its faster-growing payments arm during the second half of next year.

Yesterday the Federal Trade Commission released new court documents for its Butterfly Labs case suggesting that the company actually mined for bitcoins on their customers’ miners before shipping them – if they were even shipped at all – without their knowledge.

Tesco has become the first supermarket in Malaysia to use CIMB Bank’s Plug n Pay mPOS system for online shoppers.

Eurogiro has signed a membership agreement with China UnionPay affiliate Lucky Ventures Group, allowing members of the Eurogiro payments community reach to any account in China, and real-time conversion of funds into RMB, which are sent directly to recipients.

Incomm has joined with Merchant Customer Exchange (MCX) in the development of MCX’s customer-centric mobile payment solution.

Mastercard and Newgen Software have announced a a partnership to launch a digital payment solution that will facilitate faster and more secure B2B payments.