PayPal is losing its Chief Technology Officer James Barrese, who is stepping down “to take time off.” Barrese will remain with PayPal for a time to ensure a smooth transition. PayPal named Sri Shivananda his replacement – he will take Read more
PayPal has fixed a security hole that could have allowed fraudsters to hijack production systems. The vulnerability could have allowed attackers to install a backdoor on PayPal, according to PC World. The magazine described how Michael Stepankin, a bug bounty hunter, Read more
A few months before eBay split with PayPal, former CEO John Donahoe implied Amazon might be interested in offering PayPal on its marketplace. But 6 months after the eBay-PayPal breakup, Amazon quashed the idea. Amazon Executive Patrick Gauthier told Cneton Monday, Read more
eBay and PayPal CEOs were positive about their respective companies’ outlook at the World Economic Forum meeting in Davos this week, where they were surrounded by fear and pessimism due to economic conditions and concern over oil prices. It’s always Read more
PayPal continues to be intrigued with innovative payment methods and on Wednesday the company named Bitcoin expert Wences Casares to its Board of Directors. In the announcement, PayPal CEO Dan Schulman said Casares’ focus on next-generation payment and crypto-currency was Read more
Forthcoming fee changes at PayPal affecting Canadian sellers caused a stir when they were first announced. One discussion at the Etsy forums expressed horror at PayPal’s fee update that will take effect on April 13th. “We have made changes to Section 8.4(b) Read more
Louise Pentland joined PayPal in April as its new General Counsel responsible for PayPal’s compliance with financial and regulatory requirements around the world. And ensuring compliance given the pace of innovation at a company like PayPal is what drew her Read more
After experiencing an account takeover of his PayPal account, security expert and blogger Brian Krebs said the incident demonstrates how most organizations are behind the times in keeping customer accounts safe. Most organizations, including many financial institutions, remain woefully behind Read more
PayPal experienced an outage on Cyber Monday, the second day in a row during what is the busiest time of year for most online merchants. The problem began after 8:30 am ET and appeared to be over within an hour. Read more
It was a big day for PayPal on Wednesday (and presumably for Carl Icahn) when the payments firm announced its first quarterly earnings since splitting from eBay in July. Icahn was the investor who pushed for the breakup – but Read more
