Payments News

On The Web

nbsp;

Companies

PayPal in Talks to Buy Crypto Firms Including BitGo

“PayPal Holdings Inc. is exploring acquisitions of cryptocurrency companies including Bitcoin custodian BitGo Inc. , according to people familiar with the matter, a move that would expand its embrace of digital coins. PayPal has been holding talks with BitGo, a company that helps investors store Bitcoin securely, and could reach a deal within weeks, the […]
nbsp; nbsp; nbsp;

Companies

PayPal has a fraud problem

“At first glance, the email looks like a textbook phishing attempt. Subject line: “Invoice from Help those affected by the California Wildfires. Body text: “‘Help those affected by the California Wildfires’ sent you an invoice for $35.00 USD.” A button in the email reads “View and Pay Invoice.” Who in their right mind would click that?”
nbsp;

Companies

Consumer Groups Take PayPal to Task Over Student Loan Credit Line

“Students at some for-profit career schools could find themselves paying hefty interest charges when using a credit line offered by PayPal, a group of consumer watchdog groups warned this week. More than 150 small career schools and technical programs, most of which aren’t accredited and are loosely regulated, offer students the option to pay tuition […]
nbsp; nbsp;

Companies

PayPal Adds 21 Million New Active Accounts in Strong Second Quarter

“PayPal on Wednesday reported its strongest ever quarter driven by an uptick in new users and payments flowing through its platform. During the entire second quarter, PayPal said people were using its payments service at levels equal to the five days between Thanksgiving and Cyber Monday. The company said it added 21.3 million net new […]
nbsp; nbsp;

Companies

PayPal Reveals That It Is Developing Crypto Capabilities

“Payments giant PayPal has revealed that it is developing cryptocurrency capabilities. In a letter to the European Commission in March, PayPal said it is “monitoring the evolution of the crypto-asset space” and has taken “unilateral and tangible steps to further develop its capabilities in this area,” especially since the Libra stablecoin project was announced in […]

On The Wires

nbsp;