PayPal to launch credit-card swiping to rival Square and Intuit

PayPal is set to launch a mobile payment service complete with a Square-like credit-card swiping gadget that will attach to mobile devices. “While we cannot comment on rumors and speculation, what we can tell you is that at the PayPal event on Thursday we will unveil what we believe will be the future of commerce for small businesses,” a spokesman said.

Our insider sources are telling us they will. We’ll keep you posted…