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EBay will buy payments service Braintree Payments Solutions LLC for $800 million in cash, making a big bet to get consumers to pay for goods and services on smartphones. More: continued here

EBay's PayPal Acquires Payments Gateway Braintree For $800M In CashTechCrunchEbay's PayPal has acquired Chicago-based payments gateway Braintree, in an all-cash deal worth $800 million. We had originally reported that Braintree was on the block, with Square and PayPal both in acquisition talks for the company. Although owner … More: continued here

USPS proposes three-cent hike on stampsFox BusinessCONNELL: WE TALKED OF OF THE TOP ABOUT THE POSTAL SERVICE CALLING FOR A $0.03 HIKE IN FIRST-CLASS STAMPS WHICH WILL ADD UP BUT WILL BE ENOUGH? POSTMASTER GENERAL GOES BEFORE CONGRESS LOOKING FOR … More: continued here

Mayor writes letter; residents at forum call move unfair, shortsighted More: continued here

Postal Rate Hike Proposal Faces Senate ScrutinyABC NewsUnder federal law, the post office cannot raise its prices more than the rate of inflation unless it gets approval from the commission. In seeking the increase, Barnett cited "extraordinary and exceptional circumstances which have contributed to … More: continued here

Escondido fighting post office closureU-T San DiegoESCONDIDO — Escondido residents, merchants and community leaders are fighting a plan to close the city's downtown post office as part of nationwide postal cuts. The post office, which opened on Escondido Boulevard in 1993, is one of two slated for … More: continued here

eBay Buys Braintree For $800 Million To Accelerate Its Mobile Payments RevenueForbesEbay's Ebay's PayPal subsidiary has acquired Chicago-based payment processing company Braintree for $800 million in cash. Braintree enables companies to seamlessly set-up payments online through merchant accounts, mobile apps, credit card storage, … More: continued here

Pictured: FedEx employees, Lisa Rakete (left) and Malia Akeli help sort through donated clothing and shoes for Auckland’s homeless and less fortunate. More: continued here

The Northern Echo Royal Mail promises 120 new jobs with Parcelforce depot opening at BecktonNewham RecorderThe massive 100,000sq ft Parcelforce site at Beckton, just off the A13, is part of Royal Mail's UK-wide expansion programme and is expected to create 200 jobs over the next three years. It is part …

New York Times (blog) EBay to Buy Braintree for $800 MillionWall Street JournalEBay Inc. will buy payments service Braintree Payments Solutions LLC for $800 million in cash, making a big bet to secure the pole position in the race to get consumers to pay for goods and services on smartphones,. …