Facebook to take on Paypal with a payment system of its own Facebook(s fb) is building an online payment system to take on industry giant PayPal(s ebay), according to AllThingsD. Facebook’s service would…

AmEx launches Serve Facebook app for friend-to-friend payments

American Express last year launched its Serve payment system taking on PayPal head on. Now, it’s following PayPal’s move to enable personal payments through Facebook with the launch of a Serve Facebook app, that allows users to pay each other back for free without leaving Facebook.

PayPal Wants to Be in Your TV, Your DVD Player and Your Car

PayPal doesn’t just want to be in your mobile phone, or behind the transfer of virtual goods in social networks, according to President Scott Thompson. He sees the company becoming the default payment engine for your television, your car, your DVD player and even your fridge.

Verizon Wireless Enters Online Payment Space

Verizon Wireless will enable customers to buy digital goods online and have them billed to their Verizon account using just their mobile phone numbers, pitting the nation’s largest wireless provider against Apple, Amazon and PayPal. With this strategy Verizon is swinging for the fences.

Facebook Brings on PayPal to Help Manage Payments

Facebook users and Facebook advertisers will soon be able to pay for virtual goods and ads using PayPal. The two companies’ strategic relationship is not exclusive, but it is significant. Online payments are a strategic battleground, and the deal is a good get for PayPal.