By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- If things work out the way Apple Inc. hopes they will, more than 200 million people will soon be able to cut up their credit cards and leave their cash at home.
EBay shares (EBAY) slumped 2.5% to a near two-month low in morning trade Wednesday, after Piper Jaffray downgraded the shares on concerns that Apple Inc.'s (AAPL) new Apple Pay offering will prove a strong competitor to the online auctioneer's PayPal service.
Shares of eBay Inc. (EBAY) fell more than 2%, with losses accelerating after Apple Inc. (AAPL) unveiled a new mobile payment offering embedded into its new iPhones that would compete with eBay's PayPal.
Enterprise , an eBay
Inc. company, today announced the eBay Enterprise Commerce Marketing
Platform, a new omnichannel engagement suite that will enable marketers
to drive and optimize one-to-one commerce at scale.
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