PayPal predicts that after Thanksgiving dinner will be the first mobile shopping spike of the holiday season.

While PayPal provided some more color around its push into mobile payments last week, a lot of details are still missing, such as how it will enable in-store payments.

M-Qube is suing Zong for patent infringement in the U.S. District Court for the Central District of California over a mobile trigger messaging system.

Recent developments suggest that mobile payments at scale is getting closer, but with new players introducing their own services regularly, is there room for everyone and if not, which solutions are most likely to take the lead?

EBay said mobile is accelerating thanks in part to PayPal’s growth, with the division posting its first billion-dollar revenue quarter.

PayPal’s introduction of a peer-to-peer near field communication solution for Android reflects the company’s commitment to mobile, as well as its ambitions to own a piece of in-store transactions.

EBay’s acquisition of mobile payments provider Zong brings complementary technology that will broaden PayPal’s reach and enable in-store transactions.

Paypal has updated its mobile 2011 projection to $3 billion – marking the third time it has had to change its mobile predictions for this year.

Electronics retailer Crutchfield saw a 33.7 percent jump in conversion rates when it offered consumers PayPal as a payment of method on its mobile site versus not offering it.

PayPal’s suit against Google claiming the latter misappropriated trade secrets reflects the urgency around being the first to market with a viable mobile payments solution.