EBay completed the $800 million acquisition of mobile device...

EBay completed the $800 million acquisition of mobile device payment company Braintree, which will be a PayPal service and run by Braintree CEO Bill Ready, said eBay in a news release Thursday (http://bit.ly/1ce23Zx). Braintree handles payment for companies like Airbnb, OpenTable and Uber, and its Venmo app allows for payments by mobile devices, said eBay. It projected Braintree will have $12 billion in payment volume this year, a third “driven” by mobile payments. PayPal will handle $20 billion in transactions on mobile devices this year, eBay CEO John Donahoe has said.