Paypal payments going mobile

CNN Money:

PayPal is getting back to its mobile roots.

Back in 1999, when the company first launched as a tiny startup, it had designed software to beam money between handhelds and cell phones. It rapidly abandoned that plan when it found that buyers and sellers on eBay preferred to use a Web-based version of its payment service to settle auctions.

Now, in a push to expand its business outside eBay, which bought PayPal in 2002, PayPal is aggressively hiring to staff up a new mobile-payments service. It already has some talent in-house – for example, Mathias Entenmann, who is one of Paypal’s top executives and heads PayPal’s international operations, is a German entrepreneur who previously ran Paybox Solutions, a European mobile-payments company.