PaymentsIndustry News

From CoinDesk: Talks regarding a possible acquisition by PayPal of bitcoin custodian BitGo have fallen through, Fortune reported, citing multiple sources. PayPal was exploring the possible purchase of cryptocurrency companies including BitGo, according to a Bloomberg...

From Forbes: Paypal’s cryptocurrency partner Paxos has raised $142 million in Series C funding led by Declaration Partners, an investment adviser to the family office of Carlyle Group billionaire David Rubenstein. The round closed on...

From BleepingComputer: A PayPal text message phishing campaign is underway that attempts to steal your account credentials and other sensitive information that can be used for identity theft. When PayPal detects suspicious or fraudulent activity on...

From Forbes: Point of sale financing—the modern layaway that lets you pay for a new TV or dress in four installments instead of putting it on your credit card—has been rising steeply in popularity over...

From Forbes: The Covid-19 shut down will inevitably lift, companies will ramp back up—at varying rates of speed—and the economy will begin to lick its wounds. The question is how to get from here to...

From CNBC: Called open banking, a number of start-ups developing tech around the trend have raised significant sums from investors, with U.S. provider Plaid even looking to be acquired by Visa. Now, a major European player...

From Fox Business: PayPal announced Wednesday that it processed a record-breaking $185 million in donations worldwide on Giving Tuesday. Despite the pandemic and subsequent economic downturn, the donations marked the largest amount raised on the platform...

From CNBC: Blink Charging: "I've got to tell you, I would say that there are too many of them and you've got to be very, very careful." PayPal: "It's the bank of the future. … I...