PayPal has agreed to pay $7.7 million to settle charges from the US Treasury that lax screening technology saw the firm violate multiple sanctions programmes.
Barclays and PayPal are among a list of nine companies applying to act as identity providers for UK consumers accessing Government services online.
PayPal is to establish a new cyber-security centre in Tel Aviv after confirming the acquisition of local vendor CyActive
At PayPal, we're focused on driving innovation that adds value to people's everyday lives.
Incoming chief Dan Schulman has set out his vision for turning PayPal from a button on a website into the operating system for digital commerce.
PayPal has agreed to buy Paydiant, a Boston-based startup that helps the likes of Subway, Capital One and retailer joint venture MCX build mobile payments, offers and loyalty into their apps.
Pay.gov, the US Government's Web portal for collecting payments for federal agencies, has opened up to digital wallets from PayPal and Dwolla, as part of an ongoing effort to move away from paper-based processes to more efficient and secure electronic transactions.
Toronto is the latest city hoping to become a major fintech hub, opening a dedicated cluster designed to help connect established technology and banking leaders with startups.
Paying at the pump is moving across the pond! Soon, Shell customers in the UK will have a wallet- free way to pay for gas through the Shell Motorist App or the PayPal App (available for Android or iOS NB: also Windows Phone through PayPal app) - bringing customers a more secure and fast way to pay using their mobile device.
The man behind PayPal's move into the bricks and mortar world, Don Kingsborough, has quit the firm, admitting it has come up short in its efforts to move beyond online payments.
© Finextra Research 2015