Hot Topics:

Zong Founder Named President of PayPal

David Marcus joined PayPal with Zong acquisition.
paypalpres-davidmarcus

Zong Founder David Marcus has been named president of PayPal, filling a position vacated in January by Scott Thompson, who left to be CEO of Yahoo.

Marcus’ appointment was announced on the PayPal Blog this morning by John Donahoe, CEO of eBay, which owns PayPal.

According to Donahoe, Marcus will bring a “founder’s perspective” to the payment service.

“With David at the helm, we will have an even deeper commitment at PayPal, and across eBay Inc., to be a leading technology-driven and customer-focused product innovation company,” Donahoe states in his announcement. “We’ll continue to focus on accelerating product innovation, driving consumer engagement and creating a world where paying anytime, anywhere and any way is synonymous with PayPal.”

eBay acquired Zong, a mobile payment service, for $240 million in cash last July. Since then, Marcus has served as PayPal’s vice president of mobile, leading the development of programs such as PayPal Here, a new thumb-sized credit card reader that plugs into mobile devices.

About the author

Crista Souza
Crista Souza is founding editor of TheOnlineSeller.com. A journalism graduate of San Jose State University, she spent 13 years as a business and technology reporter in Silicon Valley. Crista has been writing about B2C and C2C ecommerce since 2008. Opinions expressed here may not be shared by The Online Seller and/or its principals.