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EBay CEO: We Can Change the Way Consumers Pay for Services

Wednesday, 9 May 2012 | 4:20 AM ET

John Donahoe, CEO of EBay, told CNBC, "Because of technology with PayPal here, with this simple card reader all a small business in Japan needs to do is be able to plug this into their smartphone and they can now receive credit cards something that was difficult and expensive for them to do before."