PayPal Scrambles to Keep Up With Revolution in Mobile Payments

NEW YORK (TheStreet) -- PayPal has long been a key player in digital transactions between consumers and merchants. But now the eBay unit is scrambling to keep up with the radical transformation going on in mobile payments. Fifteen years ago, before Apple , Google , and Facebook had given any thought to mobile payments, PayPal had already started working on a digital wallet. At the time it was desktop-centric, but the notion was to find a way to enable easy and accessible online transactions. Mus...