paypal

Don’t buy what Zuckerberg’s selling on Libra

10/22/19

Facebook’s cryptocurrency would not help underserved communities, despite the claims of its CEO, who is slated to appear before Congress this week.

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PayPal’s Synchrony pact gives rise to a Venmo credit card

10/17/19

Venmo’s P2P social payment app has become a major part of PayPal’s retail strategy, a play that’s getting a boost from a Synchrony co-branded credit card.

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Visa, Mastercard, Stripe and eBay bail on Facebook's Libra ahead of key meeting

10/11/19

As regulatory pushback against Facebook's Libra cryptocurrency has accelerated, keeping the project together has become a major challenge, with Visa, Mastercard, Visa, eBay and Stripe joining PayPal in leaving the project.

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PayPal exit from Facebook project shows power of D.C.’s disapproval

10/09/19

The payments company’s departure from the association leading Facebook’s Libra cryptocurrency plan is the clearest sign that skeptical policymakers are the plan's biggest obstacle.

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PayPal quits Libra project; HSBC to cut 10,000 employees

10/07/19

The decision is a blow to Facebook's digital currency plans; the reduction is the bank’s “most ambitious attempt to rein in costs in years."

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What it means for Facebook's Libra to lose PayPal

10/04/19

Facebook's Libra cryptocurrency project has lost its first major ally. PayPal — where the head of Facebook's Libra project once served as president — has cut its ties. As a founding member, PayPal was expected to drive the payment-specific part of the cryptocurrency initiative.

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Libra may lose PayPal backing; CFTC levies rare swaps fine

10/04/19

The company was the only no-show at the gathering of Facebook’s payments partners; HSBC was fined $650,000 for violating swaps risk management rules.

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Fannie, Freddie to retain earnings; PayPal wins Chinese payments license

10/01/19

The GSEs will hold onto a combined $45 billion as they start the process of going private; PayPal becomes the first foreign firm to win approval to enter the country’s payments market.

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Praise and scorn for California's new business loan disclosure plan

08/18/19

Under a state proposal, annual percentage rates would have to be disclosed on nonbank commercial loans of $500,000 or less. Lenders' responses have been mixed depending on their business model.

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Venmo adds Instant Transfer link to bank accounts

08/12/19

As the competition mounts to increase adoption rates for person-to-person payment apps, PayPal's Venmo is adding a way for users to quickly move money from the app to their bank account.

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