SAN FRANCISCO (Reuters) – PayPal, the online payment service owned by eBay Inc (EBAY.O: Quote, Profile, Research, Stock Buzz), is backtracking on its policy against processing sales of e-books containing themes of rape, bestiality or incest after protests from authors and anti-censorship activist groups.

PayPal’s new policy will focus only on e-books that contain potentially illegal images, not e-books that are limited to just text, spokesman Anuj Nayar said on Tuesday. The service will still refuse, however, to process payments for text-only e-books containing child pornography themes.

SAN FRANCISCO, March 13 (Reuters) – PayPal, the online
payment service owned by eBay Inc (EBAY.O: Quote, Profile, Research), is backtracking on
its policy against processing sales of e-books containing themes
of rape, bestiality or incest after protests from authors and
anti-censorship activist groups.

PayPal’s new policy will focus only on e-books that contain
potentially illegal images, not e-books that are limited to just
text, spokesman Anuj Nayar said on Tuesday. The service will
still refuse, however, to process payments for text-only e-books
containing child pornography themes.

SAN FRANCISCO (Reuters) – Google Inc has been pressuring applications and mobile game developers to use its costlier in-house payment service, Google Wallet, as the Internet search giant tries to emulate the financial success of Apple Inc’s iOS platform.

Google warned several developers in recent months that if they continued to use other payment methods – such as PayPal, Zong and Boku – their apps would be removed from Android Market, now known as Google Play, according to developers, executives and investors in mobile gaming and payment sectors.

SAN FRANCISCO, March 8 (Reuters) – Google Inc (GOOG.O: Quote, Profile, Research)
has been pressuring applications and mobile game developers to
use its costlier in-house payment service, Google Wallet, as the
Internet search giant tries to emulate the financial success of
Apple Inc’s (AAPL.O: Quote, Profile, Research) iOS platform.

Google warned several developers in recent months that if
they continued to use other payment methods – such as PayPal,
Zong and Boku – their apps would be removed from Android Market,
now known as Google Play, according to developers, executives
and investors in mobile gaming and payment sectors.

SAN FRANCISCO (Reuters) – Facebook Inc added 25 banks to help underwrite the company’s initial public offering, meaning most of Wall Street will have a role in the share sale, according to an amended IPO filing on Wednesday.

Facebook also said on Wednesday that it had secured two new credit facilities, one of which will help the company satisfy hefty tax withholding obligations and remittances related to employees’ stock units following its initial public offering.

SAN FRANCISCO, March 7 (Reuters) – PayPal, the online
payments arm of eBay Inc, has sparked a furor in the
publishing world by asking some e-book distributors to ban books
that contain “obscene” themes including rape, bestiality or
incest.

PayPal sent an email on Feb 18 to Mark Coker, founder of
e-book publisher and distributor Smashwords, saying it would
“limit” the company’s PayPal account unless Smashwords removed
from its website e-books “containing themes of rape, incest,
beastiality and underage subjects.”

SAN FRANCISCO (Reuters) – Facebook Inc (FB.N: Quote, Profile, Research) will add banks in coming weeks to help underwrite its initial public offering, two sources familiar with its plans said on Friday.

Deutsche Bank (DBKGn.DE: Quote, Profile, Research), Credit Suisse CSGNNY.UL and Citigroup (C.N: Quote, Profile, Research) are among the banks that will likely be added, said the sources, who requested anonymity because they were not authorized to speak publicly on the matter.

SAN FRANCISCO (Reuters) – Facebook Inc plans to increase its $2.5 billion (1.5 billion pound) credit line to help cover a major tax hit when employee stock awards vest shortly after it goes public, according to two sources familiar with the company’s plans.

The world’s largest social media network, which boosted its borrowing capacity by two-thirds just six months ago, is taking advantage of its strong position to get more financing for its phenomenal growth, the sources said.

SAN FRANCISCO (Reuters) – LivingSocial, the second-largest daily deal company behind Groupon Inc (GRPN.O: Quote, Profile, Research, Stock Buzz), plans to launch its first credit card in coming months to help merchants attract repeat customers, Chief Financial Officer John Bax said on Thursday.

The card, with no annual fee, will be offered with Chase, part of JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz), and Visa Inc (V.N: Quote, Profile, Research, Stock Buzz) to all LivingSocial’s U.S. subscribers, he told Reuters in an interview.

SAN FRANCISCO (Reuters) – Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit when employee stock awards vest shortly after it goes public, according to two sources familiar with the company’s plans.

The world’s largest social media network, which boosted its borrowing capacity by two-thirds just six months ago, is taking advantage of its strong position to get more financing for its phenomenal growth, the sources said.