PayPal hired a global strategist in advance of its breakup with eBay later this year. Jonathan Auerbach will serve as Senior Vice President of Strategy and Growth. PayPal President Dan Schulman, who will become CEO after the split, said Auerbach’s Read more
PayPal is updating its User Agreement and Acceptable Use policy in the UK in part because of its pending breakup with eBay – for example, it will continue to place holds on users’ account for disputes arising from eBay’s resolution Read more
PayPal is facing a lawsuit from federal regulators, according to the Wall Street Journal. The Consumer Financial Protection Board (CFPB) had initiated a probe info Bill Me Later, now known as PayPal Credit, in 2013. PayPal acquired the company in 2008 Read more
PayPal can pursue a joint venture with Amazon or Alibaba after its breakup with eBay later this year, without having to get approval from eBay, according to eBay CEO John Donahoe in an interview with the Wall Street Journal. PayPal updated Read more
Russia is enlisting the aid of Internet companies to potentially help keep tabs on citizens’ online behavior. eBay and PayPal will conform to a controversial Russian law about storing user data, according to the Moscow Times. eBay has made no Read more
PayPal sent a notice to merchants who use its service on their websites and storefronts informing them they might have to take action as it works to upgrade various SSL certificates. It explained that over the course of 2015 and Read more
PayPal will pay the U.S. Treasury Department $7.7 million to settle alleged violations of economic sanctions. The Treasury’s Office of Foreign Assets Control announced the settlement for what it called potential civil liability for 486 apparent violations including the Weapons Read more
Entrepreneur, investor, and and star of ABC’s Shark Tank television program Daymond John appeared in a video promoting PayPal as a safe way to pay for goods and also helped judge a contest for PayPal at the South by Southwest Read more
Israeli press are reporting PayPal made another acquisition, this one a “predictive cyber security company.” According to Globes.co.il, it’s PayPal’s second acquisition of an Israeli firm. When asked to confirm the acquisition of CyActive, a PayPal spokesperson told EcommerceBytes, “We Read more
PayPal has been held back by eBay, its president said during a presentation to Wall Street on Wednesday. Dan Schulman was giving a sales pitch to investors, outlining PayPal’s skill sets and advantages as it readies to stand alone after Read more
