PayPal Extends One Touch Payment to Online Transactions

Chicago: PayPal, eBay Inc's electronic payments division, said on Tuesday it will extend its single-touch payment service from mobile devices to online transactions to try to reduce the $4 trillion in merchandise abandoned in retailers' online shopping carts every year due to complicated checkout procedures. PayPal One Touch, which is widely used by shoppers on mobile phones, is designed to ease checkout flows that have users bounci...