Top

Tag: PayPal


Advertising & Marketing, Platforms, Technology

PayPal readies advertising platform rooted in reams of transaction data

May 28, 2024

Via: Marketing Dive

PayPal is getting into the ad business with plans for a new ad platform that will rely on the transaction data generated by its nearly 400 million active users. The payments company is pitching the offering as a way to […]


E-payment & Security, Technology

PayPal User Agreement Changes to Take Effect in May

March 27, 2024

Via: EcommerceBytes

PayPal notified users it’s making changes to the User Agreement that will, for the most part, go into effect in May. Included are changes to PayPal’s Seller Protection program and Purchase Protection program. PayPal listed the policies effected and highlighted […]


E-payment & Security, Technology

Senators keep pressure on PayPal, Block

December 14, 2023

Via: Payments Dive

U.S. senators put PayPal and Block on notice Thursday that they’re not satisfied with the companies’ responses to inquiries regarding how the companies reimburse customers involved in scams on their Venmo and Cash App payments apps, respectively. In a letter […]


E-payment & Security, Technology

PayPal venture arm backs Israeli data privacy startup

December 6, 2023

Via: Payments Dive

Currently, the U.S. doesn’t have a comprehensive federal privacy law. Instead, companies in the U.S. face a patchwork of privacy laws and regulations at the federal and state levels. The U.S. data privacy landscape changed significantly with the emergence of […]


E-payment & Security, Technology

PayPal’s new CEO builds team

November 16, 2023

Via: Payments Dive

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 […]


E-payment & Security, Technology

PayPal discloses SEC, CFPB probes

November 3, 2023

Via: Payments Dive

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 […]


E-payment & Security, Technology

PayPal’s new CEO promises improvements

November 2, 2023

Via: Payments Dive

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 […]


E-payment & Security, Technology

PayPal revamps SMB approach

June 9, 2023

Via: Payments Dive

The new service, which PayPal has nicknamed PPCP, is an attempt to bring small and mid-sized merchants the processing muscle of PayPal’s unbranded Braintree unit, which caters to larger global merchants. While Braintree can provide the customization that larger clients […]


E-payment & Security, Technology

PayPal urged to accelerate CEO search

May 16, 2023

Via: Payments Dive

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 […]


News

PayPal Updates Users on New Capabilities and Features

April 11, 2023

Via: EcommerceBytes

PayPal sent emails to users this week informing them of “capability and feature updates,” but the emails were customized depending on which services the recipients used. PayPal wrote, “We want to make you aware of recent changes that are relevant […]


E-payment & Security, Technology

Visa Solves the Compatibility Problem among Payment Apps

April 11, 2023

Via: EcommerceBytes

It can be inconvenient if you want to send money from your PayPal account to someone who uses a different digital payment app. Visa is looking to become a sort of middleman and solve for the compatibility problem with “interoperability”. […]


E-payment & Security, Technology

PayPal Adds Checkout Options including Apple Pay and Saved-Settings

April 4, 2023

Via: EcommerceBytes

PayPal announced new features for sellers who use its services that are designed to enhance payment acceptance on their online stores. A spokesperson told EcommerceBytes, “With one integration, small businesses will get access to these new features, as well as […]


E-payment & Security, Technology

PayPal Sued for Negligence over December Data Breach, Invests in Cybersecurity Firm

March 7, 2023

Via: EcommerceBytes

Two PayPal customers sued the company for negligence over a December data breach that the company reported in January. The plaintiffs allege that PayPal failed to comply with FTC guidelines and failed to comply with industry standards and are seeking […]


E-payment & Security, Technology

PayPal leans on Venmo for growth

March 6, 2023

Via: Payments Dive

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 […]


News

PayPal CEO will retire at the end of 2023

February 9, 2023

Via: Payments Dive

The embattled CEO of PayPal, Dan Schulman, plans to retire at the end of the year, after the digital payments pioneer has struggled in recent years to meet growth goals and beat back mounting competition. Schulman said he spoke multiple […]


News

PayPal to cut 7% of its workforce

January 31, 2023

Via: Payments Dive

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 […]


E-payment & Security, Technology

Earnings preview: Payments companies face up to 4Q

January 23, 2023

Via: Payments Dive

As card giants, payments processors and fintechs report quarterly results in coming weeks, the reports will show how a difficult economy has impacted their customers. Over the next five weeks, card issuers and networks, fintechs and payments processors will share […]


E-payment & Security, Technology

PayPal confirms data breach

January 20, 2023

Via: Payments Dive

Credential stuffing is a persistent threat. The form of attack exploits valid credentials stolen during a breach or purchased on the dark web, often in bulk. The damage from credential stuffing can multiply and flow downstream because many individuals reuse […]


E-payment & Security, Technology

PayPal, Visa team on faster cross-border payments

January 13, 2023

Via: Payments Dive

PayPal’s Xoom has offered money transfer services domestically since 2020 and expanded its cross-border capabilities last year. Now, it’s speeding up the delivery of the payments with an assist from Visa’s real-time system called Visa Direct. Xoom’s debit card deposit […]


News

PayPal Runs $5K SleighPal Holiday Promotion on Social Media

December 2, 2022

Via: EcommerceBytes

PayPal is giving away $5,000 in a holiday promotion on social media over the course of four days this month. The SleighPal Giveaway encourages people to promote PayPal via Instagram and Twitter for a chance to win. The promotion runs […]