Paypal to challenge Visa and Mastercard

Found this earlier. Could Paypal overshadow the big giants of Credit Cards ? Visa and Mastercard... Tune in to find out. Via BusinessweekOnline



| Some analysts speculate that PayPal could eventually challenge credit-card companies, perhaps even as a physical-world payment brand to rival Visa and MasterCard. |

| Jeff Jordan spent five years running Web marketplace eBay North America, where he was considered a possible heir apparent to Chief Executive Margaret C. "Meg" Whitman. His appointment last January as president of PayPal, eBay's Web payment system, indicates how strongly eBay (EBAY ) wants PayPal to turn into the premier method for online payments, on or off eBay. |