Latest PayPal News: Finextra Research

eBay acquires PayPal in $1.5 billion deal

Online auction house eBay has announced its intention to buy up person-to-person payment operator PayPal in a $1.5 billion all-stock deal.

08 July 2002

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PayPal reports first ever profit amid eBay acquisition rumours

Recently floated person-to-person payment operator PayPal has reported its first-ever quarterly profit amid persistent rumours that the company is an acquisition target for online auction house eBay.

18 April 2002

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PayPal woos Web development community

PayPal has integrated its technology with Macromedia's Dreamweaver 4 and Dreamweaver UltraDev 4 products to provide Web developers with quick and easy solutions for building e-commerce Internet sites.

20 March 2002

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Brief: PayPal promotes David Sacks to COO

Person-to-person payment operator PayPal has promoted executive vice president of product David Sacks to chief operating officer.

20 March 2002

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PayPal faces class action threat

Person-to-person payment operator PayPal is being sued for unnecessarily restricting, freezing or closing accounts and making it difficult for customers to resolve complaints.

14 March 2002

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PayPal raises $70.2 million in IPO

PayPal, the online person-to-person payment operator, has raised $70.2 million in an initital public offering that values the company at $777.4 million.

15 February 2002

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Bank regulators clamp down on PayPal

Banking regulators in Lousiana have ordered PayPal to suspend the operation of its popular online payment service in the state until it applies for a money transmission license.

12 February 2002

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PayPal to become e-cash standard says Gartner

PayPal is the company most likely to establish an e-cash standard for low value Internet payments, says research firm Gartner, releasing figures which indicate that the person-to-person payments outfit is consolidating its market lead over rival operators.

07 February 2002

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PayPal adds American Express and Discover Card

PayPal customers can now use American Express and Discover Card to fund their online person-to-person payment transactions.

03 January 2002

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PayPal users targetted by seasonal fraudsters

Online person-to-person payments operator PayPal has been the target of a seasonal e-mail scam which invited customers to reveal credit card details at a fictional Web site.

21 December 2001

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Citi bids for online auctions with free P2P payments

Citibank is cutting fees for its c2it person-to-person (P2P) payment service in a bid to muscle in on the online auction market, currently dominated by independent operator PayPal.

16 November 2001

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Brief: PayPal files for IPO

Person-to-person payments operator PayPal has filed a registration statement with the US Securities and Exchange Commission for a proposed initial public offering of its common stock.

01 October 2001

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