pymnts Profile:
Paypal (NASDAQ: PYPT)
PayPal is a leading technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. We put our customers at the center of everything we do. We strive to increase our relevance for consumers, merchants, friends and family to access and move their money anywhere in the world, anytime, on any platform and through any device.
Facebook Nominates Alford To Board As Two Other Execs Step Down
April 15, 2019
Facebook has nominated PayPal executive Peggy Alford to its board, just as longtime directors Reed Hastings and Erskine Bowles prepare to step down.
Bloomberg reported that before joining PayPal in March ... Read moreBakkt Bitcoin Exchange Hires PayPal, Google Alum As CPO
April 15, 2019
Bitcoin exchange Bakkt has hired PayPal and Google alum Mike Blandina as its chief product officer.
Previously, Blandina was at Google Wallet, where he was engineering director of payments, and at PayPal ... Read moreDeep Dive: Where Disbursements Fall Short
April 12, 2019
P2P services like Venmo and Zelle enable users to quickly transfer funds via their smartphones, and the speed and convenience they offer could be creating dissatisfaction among workers paid differently ... Read moreInstant Settlement: Disbursements Next Big Thing
April 10, 2019
Push payments next big thing is instant settlement that helps merchants get paid as sales are made. Ingo Money CEO Drew Edwards makes the case that instant settlement is poised ... Read morePayPal Takes The Court With WNBA’s Phoenix Mercury
April 8, 2019
While the last few years has seen a lot of expansion out of PayPal, it’s latest announcement with the WNBA’s Phoenix Mercury certainly stands out. The team and PayPal have ... Read moreGig Economy Moves Toward Critical Mass
April 8, 2019
The gig economy now is a noun, where once to “gig” was a verb, without critical mass — to “gig” in other words, was to supplement income, to make ends ... Read morePayPal Updates Its Refund Policy
April 8, 2019
On April 7, PayPal announced some changes to its user agreement.
Currently, when someone sells goods or services, they are charged a flat transaction fee, as well as a percentage-based commission on ... Read morePayPal’s Blockchain First; Mastercard’s B2B FinTech Unicorn
April 5, 2019
This week’s B2B venture capital funding rounds were particularly focused on the enterprise cybersecurity space, though B2B payments caught the attention of investors, too, with another industry unicorn making its ... Read moreHow Gig Work In The US Became A Career
April 5, 2019
With U.S. gig workers accounting for more than $1.4 trillion in income by the end of 2018, it’s safe to say the gig economy is becoming a mainstream part of ... Read moreWill The Consumer’s Next Bank Be Amazon, PayPal Or Walmart?
April 4, 2019
FinTech firms may not be the only ones that traditional financial institutions (FIs) need to keep an eye on. About six in 10 consumers have said they would be open to ... Read more
How Mobile Wallets Tap Into Consumer Security At The Pump And C-Stores
April 16, 2019
From fuel pumps to convenience stores (C-stores), many consumers worry about the security of their personal financial information. An ACI Worldwide and YouGov survey, for instance, found that more than ... Read morePayPal Updates Its Refund Policy
April 8, 2019On April 7, PayPal announced some changes to its user agreement.
Currently, when someone sells goods or services, they are charged a flat transaction fee, as well as a percentage-based commission on ... Read moreCross-Border Payment Efforts Look To Blockchain And Beyond
April 3, 2019
Banks and FinTechs have set their sights on cross-border payments, looking toward speeding up consumer and B2B payments while lowering costs. From Thailand to Canada, from Ripple to SWIFT, blockchain ... Read moreData Dive, Spring Blooms Edition: Apple, Citi And Square
April 1, 2019
April has arrived, and once we’ve sorted out the various pranks, we can all take a minute to appreciate that winter is over. Granted, depending on how far north one ... Read moreGrab Talks To Ant, PayPal About Spinning Out FinTech Unit
March 29, 2019
Grab, the ride-hailing startup, is in discussions with Ant Financial, the payment affiliate of Alibaba and PayPal, about spinning out Grab Financial Group.
According to a report citing two sources with knowledge of ... Read moreGoogle Pay Is Coming To eBay
March 21, 2019
Very soon, eBay shoppers will be able to choose Google Pay as their payment method when checking out. The move comes as the latest expansion of its newly redesigned payments ... Read moreGoogle Launches Gaming Service
March 20, 2019
Google has launched its cloud gaming platform, a service called Stadia, with the introduction coming as payments is commanding a bigger role in online and mobile games.
Boasting that “the future ... Read morePFS Cardholders Can Now Make Purchases With Samsung Pay
March 20, 2019
Samsung, the South Korean consumer electronics giant, announced Thursday (March 20) a partnership with Prepaid Financial Services (PFS) to launch Samsung Pay for its branded cards.
In a press release, Samsung ... Read moreHow Data Will Speed The Move To Cashless Payments
March 19, 2019
Is there a hotter topic — a buzzier buzzword, one might term it — than cashless?
Ours is swiftly becoming the age of digital payments, push payments and instant payments, done ... Read moreWhy Digital Disbursements Need More Than Speed
March 18, 2019
When it comes to payments, consumers overwhelming prefer them to be faster. It’s a trend visible in the latest edition of the PYMNTS/Ingo Money Disbursements tracker, where three-quarters of consumers ... Read more
How Western Union Is Taking Global P2P Omnichannel
April 3, 2019
It’s one of the rising ideals in this digital world of commerce and payments, a consumer expectation that doesn’t seem in danger of fading anytime soon: buy online and pickup ... Read moreData Dive, Big Launches Edition: Google, Sephora And PayPal
March 18, 2019
Mid-March is more famous for spectacular endings than big beginnings – likely because one of the more high-profile political assassinations (and BFF break-ups) in history is forever associated with the ... Read moreNFC Forum Shares Specs For QR Codes Alternative
March 5, 2019
The NFC Forum, the standards and advocacy association for Near-Field Communication (NFC) technology, released its NFC Money Transfer Candidate Specification (NMT) on Tuesday (March 5), giving payment service providers and consumers ... Read morePrince Charles’ Charity Funded By Company With Russian Ties
March 5, 2019
A charity run by Prince Charles received donations from a company used to transfer large amounts of cash from Russia. According to The Guardian, investigators found 1.3 million bank transactions ... Read moreWestern Union CEO: Speedpay Sale Speeds Way To X-Border Payments Growth
March 1, 2019
The year 2019 is already shaping up as a big year for deal-making in financial services and payments. Western Union, of course, just sold Speedpay, its U.S. bill payments unit, ... Read moreIn South Korea: Calls For Greater Bank, FinTech Collaboration
February 26, 2019
Bank and non-bank collaboration gets a boost in South Korea through an interbank payment network and sandbox. Elsewhere, individual FinTech company initiatives shine a spotlight on open banking. Read moreMastercard Foundation, Ripple Back Remittance Co SendFriend
February 12, 2019
Remittance company SendFriend announced that it has raised $1.7 million from investors MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital.
The investment funding ... Read moreSenders As Issuers: A New Space For Cards In Global P2P
February 6, 2019
When InstaReM CEO and Co-founder Prajit Nanu started putting together a global remittance firm for consumers and businesses in 2014, he had been struggling with what he called the entrepreneurial ... Read moreLydia Enables Shared Sub-Accounts With Virtual Cards
January 25, 2019
To help friends and roommates manage money, the French startup Lydia is letting users of its payment app share sub-accounts. They can also make a virtual card to use with digital ... Read moreSizzle Of The Week: Zelle’s Accelerating Growth
January 18, 2019
Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. For example, Bank of America reported on Wednesday ... Read more
Instant Settlement: Disbursements Next Big Thing
April 10, 2019Push payments next big thing is instant settlement that helps merchants get paid as sales are made. Ingo Money CEO Drew Edwards makes the case that instant settlement is poised ... Read moreGig Economy Moves Toward Critical Mass
April 8, 2019The gig economy now is a noun, where once to “gig” was a verb, without critical mass — to “gig” in other words, was to supplement income, to make ends ... Read morePayPal’s Blockchain First; Mastercard’s B2B FinTech Unicorn
April 5, 2019This week’s B2B venture capital funding rounds were particularly focused on the enterprise cybersecurity space, though B2B payments caught the attention of investors, too, with another industry unicorn making its ... Read morePayPal Invests In Digital ID Blockchain Startup
April 2, 2019
PayPal has invested in a blockchain company for the first time — one that’s focused on using the technology to help give users greater control over their digital identities, according ... Read moreData Dive, Big Launches Edition: Google, Sephora And PayPal
March 18, 2019Mid-March is more famous for spectacular endings than big beginnings – likely because one of the more high-profile political assassinations (and BFF break-ups) in history is forever associated with the ... Read morePayPal Launches Instant Transfer To Bank
March 12, 2019
Money moves only as fast as payments infrastructure will allow.
To that end, there’s a bottleneck. The gig economy is gaining steam, as roughly a third (more than 35 percent) of ... Read moreMercadoLibre, PayPal Investment of $750M
March 12, 2019MercadoLibre, the Latin America eCommerce technology company, announced Tuesday (March 11) that it intends to offer approximately $1 billion of common stock.
In a press release, MercadoLibre said it will grant underwriters ... Read moreMight Millennials’ Dissatisfaction Hint At Housing Downturn To Come?
March 8, 2019
You know the drill: Buyer’s remorse. Getting what you wanted and then wondering if the thrill of the chase and the capture will give way to unexpected regret.
Buying a house ... Read moreFormjacking Takes Off (And The Rest Of The Week In Sizzles And Fizzles)
February 22, 2019
While there is much negative to be said about cybercriminals, one can’t accuse hackers and cybercriminals of being uncreative in their methods. As phishing and ransomware become known commodities in ... Read morePayPal’s Schulman: Digital Payments To Be $100T Market
February 20, 2019
There are markets, and there are $100 trillion markets.
And might digital payments be in that $100 trillion classification?
In an interview with CNBC, PayPal CEO Dan Schulman estimated the market will ... Read more
Uber Eats Now Supports Apple Pay
April 17, 2019
Uber announced on Wednesday (April 17) that it is adding Apple Pay to its popular Uber Eats app, according to reports. Customers who want to use the payment option can ... Read moreDeep Dive: Where Disbursements Fall Short
April 12, 2019P2P services like Venmo and Zelle enable users to quickly transfer funds via their smartphones, and the speed and convenience they offer could be creating dissatisfaction among workers paid differently ... Read morePayStand Rolls Out Automated AR Solution
April 10, 2019
B2B payments company PayStand is turning its attention to the accounts receivable (AR) side of business transactions with a new solution announced today (April 10).
In a press release sent to ... Read moreWill Disbursements Put Payday Cycles Out To Pasture?
April 9, 2019
The rise of fast-acting payment solutions is changing the way businesses and governments issue payments to consumers and citizens. Demand for instant payments is also increasing in the workforce, and ... Read moreOn National Burrito Day, Chipotle Serves Up Signs Of QSR Innovation
April 4, 2019
As far as made-up, non-holiday holidays go, you could probably do worse than National Burrito Day, which takes place on Thursday (April 4). No doubt you’ve been planning for this ... Read moreAffirm Raises $300M In Series F Funding
April 3, 2019
Financial services company Affirm has raised $300 million in a Series F funding round, the company said in a press release. The funding round was led by Thrive Capital.
Other investors ... Read moreVoice Technology Makes (Sound) Waves At QSRs
March 26, 2019
Innovators are seeing the potential to shape the way consumers place their orders at quick-service restaurants (QSRs) through digital technology. Bensen AI Co-founder Adam Sandler has been working with fellow Co-founder ... Read moreVenmo Pursues Customers With Negative Balances
March 25, 2019
Venmo, the digital money transfer company owned by PayPal, is going after consumers who have a negative balance in their accounts.
According to a report in The Wall Street Journal, citing customer ... Read moreHow QSRs Are Enhancing The Dining Experience With Digital Innovations
March 19, 2019
To enhance diners’ experiences in quick-service restaurants (QSRs), managers are utilizing digital innovations, enabling everything from faster orders to more efficient kitchens. Overall, restaurant leaders have one goal: to make ... Read moreHow Data Will Speed The Move To Cashless Payments
March 19, 2019Is there a hotter topic — a buzzier buzzword, one might term it — than cashless?
Ours is swiftly becoming the age of digital payments, push payments and instant payments, done ... Read more