Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


04:42 PM
Bryan Yurcan
Bryan Yurcan
Connect Directly

Will Yahoo Make a Play In the Payments Space?

Its incoming CEO, former PayPal head Scott Thompson, grew the eBay subsidiary in the digital and cloud payments arena.

The big news that former PayPal head Scott Thompson is leaving the payments company to become the CEO of Yahoo could have ramifications well beyond search engine marketing and online advertising.

PayPal has grown from its humble roots as a mere facilitator of eBay transactions to become a giant in the payments space. Last year, PayPal announced several new payments initiatives, including ramping up its presence in the P2P and mobile space.

[Click here for more on PayPal's involvement in the digital payments space.]

Already, some are speculating whether this moves means Yahoo will look to step up its payment activities. It remains to be seen whether Thompson will seek to position Yahoo to eat into PayPal's marketshare in the online payments space. Remember, Yahoo did try its hand at the payments game once before, with its now defunct PayDirect P2P money transfer service.

This bears watching for banks, as Yahoo could become another player in payments.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.