Tag: digital payments

February 8, 2024

A record 67.8 million people are expected to place bets on this year’s Super Bowl, the American Gaming Association said Tuesday. For those who make the right plays, nearly 80% would choose to be paid instantly, an October survey by […]

November 22, 2023

Restaurant workers haven’t returned to the sector in the numbers that business owners hoped to see years after pandemic lockdowns. By 2021, many restaurant owners struggled to fill cook, line cook, server, bartender and manager positions. And though the number […]

November 16, 2023

The new management team is being built out after Chriss was appointed in August as the San Jose, California-based company’s leader, effective in September, to succeed long-time CEO Dan Schulman. Several of the new executives he’s tapping join PayPal from […]

November 3, 2023

Specifically, the company disclosed this regarding the SEC demand: “On November 1, 2023, we received a subpoena from the U.S. SEC Division of Enforcement relating to PayPal USD stablecoin.” The San Jose, California-based company, which caters to consumer and merchant […]

November 2, 2023

PayPal’s new CEO, Alex Chriss, spelled out his priorities for making the digital payments company into a more profitable growth enterprise during a call with analysts on Wednesday, just weeks after taking the top post. Chriss said he’s walking in […]

May 16, 2023

PayPal has planned for months to name a new CEO to replace Dan Schulman before yearend. Now, the digital payments pioneer is coming under pressure to speed up the transition. “Some investors are getting frustrated with what they believe is […]

March 6, 2023

PayPal is counting on its peer-to-peer tool Venmo to drive more use of the company’s digital payments services, with the two operations expected to converge in about a year. That’s the timing outlook provided by PayPal Senior Vice President Doug […]

January 31, 2023

The PayPal job cuts follow a $2-billion investment in the company last year by Elliott Investment Management, an activist investor that often pushes companies to increase profitability in the interest of boosting stock prices. The value of PayPal’s shares have […]

November 28, 2022

PayPal is counting on its digital app to boost business as it focuses more on customer engagement and less on adding new customer accounts. To that end, one new service the company is testing is a teen account for users […]

April 28, 2022

Digital payments pioneer PayPal once again cut back its growth goals for this year, and beyond, when it reported first-quarter earnings Wednesday. The San Jose-based company told analysts on the earnings conference call that the macroeconomic environment, including inflation, the […]

February 2, 2022

In a one-two punch to its status as a major global digital payments processor, PayPal delivered disappointing fourth-quarter results Tuesday and a dimmer outlook for new customer and revenue growth this year. The San Jose, California-based company reported fourth-quarter profits […]

January 11, 2022

In a rare move, Mizuho Securities on Friday downgraded Visa, the largest credit card network in the U.S., to a “neutral” rating from a “buy” rating, saying the company’s “single most important driver of revenue growth” was stalling. Mizuho Analyst […]

March 5, 2021

PayPal has been one of the few benefactors of the COVID-19 landscape, as consumers were forced to pivot from in-person contact and conduct most transactions virtually. But the company isn’t lowering its expectations as the end of the pandemic grows […]