Latest PayPal News: Finextra Research

Visa and MasterCard cut off payments to WikiLeaks; Assange remanded in custody

The persecution of the WikiLeaks whistle-blowing Website continues, as founder Julian Assange is arrested by UK police and MasterCard and Visa join PayPal in cutting off donations to the operation.

07 December 2010

/Sibos

WikiLeaks: Merkel furious at MEPs over Swift data sharing deal rejection

German Chancellor Angela Merkel was left "very, very angry" after the European Parliament voted earlier this year to scrap a deal to allow US authorities access to banking data transmitted over Swift, worried that Washington would see the move as a sign that the continent does not take terrorism seriously, according to a cable released by WikiLeaks.

06 December 2010

/retail

PayPal bids to bring payments to the TV remote

PayPal is working with a US cable TV consortium to develop a new 'T-commerce' initiative in which consumers pay for goods and services using their television remote control.

19 November 2010

/retail

Banks scramble to fix mobile app security flaws

Several major financial services firms, including Bank of America, Wells Fargo and PayPal, have rushed to fix security flaws in their iPhone and Android apps identified by viaForensics.

08 November 2010

/retail

Amex spends $150m on CNP fraud prevention firm Accertify

American Express has agreed to pay around $150 million for Accertify, a provider of card-not-present (CNP) fraud protection technology.

04 November 2010

/retail

Starbucks brings mobile app to New York; adds PayPal option

Coffee chain Starbucks has extended its mobile payments trial to around 300 stores in New York City and Long Island.

04 November 2010

/retail

UK hits contactless and mobile payments milestones

PayPal and Barclaycard have released statistics demonstrating the rise of mobile and contactless payment methods in the UK.

03 November 2010

/retail

Hardware failure causes PayPal outage

PayPal suffered a worldwide outage on Friday after a network hardware failure in one of its data centres.

01 November 2010

/Sibos

MiiCard wins out as start-ups vie for VC attention in Sibos' Dragon's Den

Twelve technology start-ups are competing for venture capitalists' blessing at a session on the final day of Sibos, the annual event run by financial messaging body Swift.

28 October 2010

/retail

PayPal unveils micropayments system; Facebook on board

PayPal has signed up a slew of big names, including Facebook and FT.com, to a new micropayments system for digital goods and services.

27 October 2010

/retail

VeriFone extends mobile payments acceptance with PayPal

In a move that merges traditional card payments with mobile, VeriFone is integrating its Payware system for the iPhone with PayPal's merchant acceptance application.

26 October 2010

/retail

PayPal hires chief compliance officer

PayPal has created a new post of chief compliance officer as it seeks to expand its payments business internationally.

15 September 2010

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