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Ebay Buys Card.IO

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  • Description

    FBN's Shibani Joshi on Ebay's acquisition of Card.io which makes technology for mobile apps to scan credit cards.

  • Duration 1:50
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This transcript is automatically generated

Thank you call them.

We made making up by the bolster pay thousand isn't offering Shibani Joshi has the details on this acquisition -- on Friday taken out when it comes said that big online retailer is eBay isn't wanted to sexier plays out there but it sure has.

-- it very dependable in terms of shareholder return if you take a look at how -- is performing of the last year.

Vs Amazon for example they had it has outperformed the company that we talk about Amazon -- whole heck of a lot more.

EBay shares up almost 3% numbers as Amazon two and a half percent.

And not a lot of that growth is saying -- that PayPal division in today it is adding to the strains of PayPal.

EBay saying that it -- the credit card scanning company called card I which uses.

Smartphone cameras to scan and upload credit cards and this is -- major.

Play against companies like square what you're seeing is sort of the square car that needs to be inserted in a Smartphone or tablet phone.

In order to read cards this is becoming very very popular play but now.

I eBay and PayPal are trying to counter attack that -- just allowing you.

To swipe your credit card by taking a photo of it and speaking of eBay will probably be hearing more about this news today as well as overall developments.

The eBay did -- marketplace division as well as PayPal later on today the company reports earnings.

And here -- your cheat sheet for what you need to know we're looking for earnings of -- five cents per share.

On revenues of 3.4.

Billion box lots going on in the tech industry in -- -- covering -- It's -- -- I don't mean a thing on the spot is square private still.

It is -- it is founded by -- was founded by Jack Dorsey who is he co-founder of Twitter about right now it is it's still it's still private privately funded.

And everywhere I gotta say everywhere -- -- here in New York City -- -- thank you so much for that saline yeah.

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