PaymentsIndustry News

Latest PayPal customer news: Looking to emulate Venmo, JoomPay preps a Euro launch for easy bill splitting and cash payments

From TechCrunch: JoomPay, a startup with a similar product to PayPal-owned Venmo in the U.S., is set to launch in Europe shortly after being granted a Luxembourg Electronic Money Institution (EMI) license. The app allows...

MarketWatch on PayPal: PayPal target raised to Street-high $350 at Mizuho amid bitcoin momentum

From MarketWatch: Mizuho analyst Dan Dolev upped his price target on PayPal Holdings Inc.'s stock PYPL, -1.16% to $350 from $290, writing of traction for the company's bitcoin BTCUSD, -2.30% efforts. His new target is...

Latest PayPal customer news: PayPal, Visa expand Instant Transfers for fast payouts globally on all PayPal’s networks

From TechCrunch: The COVID-19 pandemic continues to put huge stress on people’s and businesses’ finances, and in an effort to meet some of the crunch, today PayPal and Visa announced an expansion of a service...

PayPal headlines: Beware: PayPal phishing texts state your account is ‘limited’

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...

Top PayPal story from Reuters: PayPal becomes first foreign firm in China with full ownership of payments business

From Reuters: SHANGHAI, Jan 14 (Reuters) - PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the U.S. fintech giant...

PayPal customers take note: Waiter turns down $2,021 ‘Venmo Challenge’ tip, pays it forward to another restaurant

From Fox News: Every day and in every community, the coronavirus pandemic is bringing out the best in Americans. Take a look at some inspiring images of Americans pulling together in a time of crisis....

Top PayPal story from Reuters: PayPal backs crypto tax startup Taxbit

From Reuters: LONDON (Reuters) - PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the...

PayPal launches a GoFundMe competitor with limits, according to The Verge

From The Verge: PayPal announced a new fundraising service called “Generosity Network” that seems poised to take on GoFundMe, part of PayPal’s continued expansion into financial services it’s been missing until now. The service allows...

Latest news

Wells Fargo, Hispanic Banker Settle Job Discrimination Lawsuit, says Bloomberg Law

From Bloomberg Law: Wells Fargo Bank NA and a Hispanic former personal banker resolved his lawsuit alleging race discrimination and...

Judge OKs $8.4M Deal In Uber Classification Suit, warns Law360

From Law360: More than 1,300 Uber Technologies Inc. drivers who claimed that their employer misclassified them as independent contractors...

Take action against Uber: Court Approves Uber’s $8.43 Million California Driver Settlement

From Bloomberg Law: Uber Technologies Inc. will pay $8.43 million to a class of California drivers who alleged they were...