The payments giant has made a lot of money issuing loans to online shoppers with blemished credit histories. But now it is looking to reduce its risks.
When Zelle launches, it will not allow users to share information about their payments with other folks in their network. That decision puts the P-to-P service on a different course than Venmo, its fast-growing rival.
The popularity of PalPay as the easiest way to send and receive money on the web has grown tremendously since its start in 1999. PayPal is the preferred payment method for eBay users. When people are faced with the loss of a job or a host of other situations in which money is needed fairly [...]
