Payments News

On The Web

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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?”
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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 […]
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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 […]
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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

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Companies

PayPal Launches Installments in France

“PayPal is expanding its “buy now, pay later” solutions to France, with a new installments product that will enable customers to split purchases into four equal payments over three months, nearly anywhere PayPal is offered.  Online installments are incredibly popular with French consumers: 64 percent of users would have postponed or not completed their purchase […]
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Companies

PayPal Rolls Out QR Code Touch-Free Payments in Canada

“As much of Canada enters and progresses through Stage 2 of reopening, PayPal today launched QR code payments in Canada for small businesses to accept touch-free mobile payments from their customers using the PayPal app. From local stores to hair salons and farmers markets, this new functionality in the PayPal app allows customers to buy or sell in-person, safely […]
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Companies

New Research From PayPal Reveals How Americans Are Spending Credit Card Rewards In A COVID-19 World

“PayPal today released new research looking at purchasing behaviors of credit card rewards holders during the COVID-19 pandemic, revealing people around the country are turning to rewards balances to help them stretch their budgets (29%) and purchase the things they need most, such as groceries. However, with 39% of credit card rewards holders unaware of their rewards balances, […]