PayPal Gains Record Number of New Users in Fourth Quarter

PayPal gained a staggering 6.6 million accounts in the fourth quarter of 2015, a dramatic increase from the quarterly average of four million new accounts. The company says a big reason for its record-setting numbers is due to the shift … Continue reading

PayPal Sets Record for Most Donations Collected in 24 Hours

It's official--PayPal is now in the Guinness Book of World Records. On December 1, 2015, the company managed to collect a total of $45.8 million for charity in just 24 hours, earning the record for "Most money raised online for … Continue reading

Samsung Pay to Offer Online Payments in 2016

Samsung Pay is significantly expanding this year, allowing users to pay for products online, not just in stores. The new online payments option will give consumers a chance to purchase products and services directly from their mobile devices, in addition … Continue reading

PayPal’s Mobile Charitable Donations Rose 28% in 2015

As 2015 came to a close, PayPal saw a significant increase in its mobile charitable donations. The company estimates that 10% to 20% of mobile donations came within the last three days of the month as people tried to quality … Continue reading

Consumers Transferring Money Most Concerned About Fraud

A recent report from the Consumer Financial Protection Bureau showed consumers are most concerned about fraudulent activity when it comes to money transfers. As of December 1, the CFPB had handled 5,100 wire transfer complaints. The most prevalent issues were … Continue reading

PayPal One Touch Reports Strong Growth

The latest reports from PayPal indicate a strong growth for the company's innovative One Touch payment system. Approximately 10 million users have activated One Touch on their phones in the last six months, and over one million merchants worldwide now … Continue reading

Fantasy Sports Lawsuit Takes Aim at Credit Card Companies

A new class action lawsuit filed in New York could alter the way credit card companies interact with fantasy sports sites. The suit alleges that Visa, MasterCard, American Express, and other banks are facilitating illegal gambling operations online by accepting … Continue reading

PayPal Acquires Xoom and its 1.5 Million Active Customers

PayPal has officially acquired the digital payment service Xoom for $890 million. The company first announced the acquisition in July, but the process was just completed. Xoom deals primarily with international money transfers, focusing in markets like Mexico, India, China, … Continue reading

Apple’s Website No Longer Supports PayPal Credit Payments

As of last Thursday, Apple no longer supports PayPal Credit payments on its website. Customers who want to set up installment agreements may do so through Barclaycard Visa instead, but PayPal has been removed from the site completely. Under the … Continue reading

PayPal and eBay’s Outage Proves Costly

Last Thursday, PayPal experienced an outage that has proven quite costly for eBay sellers and other online platforms using PayPal to process payments. The outage began at 8:50 pm central time and was not resolved until 12:35 am, according to … Continue reading

JP Morgan to Launch Chase Pay to Compete with Apple Pay

In an effort to compete with other digital wallets such as Apple Pay, PayPal and Android Pay, JP Morgan Chase will introduce Chase Pay in the coming year. The company plans to make it easier for its users to make purchases … Continue reading

PayPal Offers Free Return Shipping in America

PayPal is finally bringing its "Return Shipping on Us" program to America after a year of success on the European market. The launch comes just in time for the online holiday shopping season. The free return shipping program is designed … Continue reading Weekly Credit Card Update–September 11, 2015

Consumer Credit in U.S. Increased More Than Forecast in July Consumer credit in the U.S. rose more than projected in July, boosted by bigger credit card balances and loans for automobiles. The $19.1 billion increase followed a $27 billion gain … Continue reading

PayPal Launches, a New Digital Payment Service

With its newfound freedom from eBay, PayPal is already making significant strides in consumer-friendly payment solutions. Its latest development is, which allows quick and easy person-to-person money transfers. The new product is inspired by Venmo, which PayPal acquired last … Continue reading

Klarna Streamlines Online Payment Processing in the U.S.

Shoppers in the United States may soon have a new way to pay for their online purchases. Last week, a Swedish-based company called Klarna joined forces with to allow shoppers to buy items without any upfront money or card … Continue reading

eBay Sellers Can No Longer Process Payments Through PayPal Rivals

PayPal and eBay may have split ways, but that doesn't mean they will no longer be affiliated with one another. As part of their breakoff agreement, eBay promised to process at least 80% of its payments through PayPal. Now, the … Continue reading

Visa Checkout Expands to 6 Million Users

Visa Checkout, Visa's mobile wallet, continues to undergo substantial growth. Introduced just over a year ago, Visa Checkout now claims to have over six million registered users, up 92% from the beginning of 2015. In addition, Visa Checkout has experienced … Continue reading

PayPal Acquires Modest Mobile Commerce Startup

In its first big transaction after cutting ties with eBay, PayPal has acquired mobile commerce startup Modest for an undisclosed amount of money. Modest provides innovative mobile solutions for merchants and retailers, including the ability to incorporate a buy button … Continue reading

PayPal Added to Subway’s Mobile Payment Options

Today, Subway announced an expansion of their mobile payment platform. Their 27,000 sandwich locations in the United States will take PayPal by the end of the year. Subway also introduced an updated app which allows their customers to choose a … Continue reading

PayPal and eBay Officially Split

It's official--eBay and PayPal finally parted ways today. PayPal has been counting down to this moment since last Friday, when the company posted a Tweet saying: On July 20 we will be a publicly traded company on @Nasdaq for the … Continue reading

PayPal Is UK’s Most Trusted Wallet

As Apple Pay makes its way to the UK this month, its biggest challenge may be overcoming PayPal. According to a new study from Forrester, PayPal is currently the UK's most trusted wallet. The research shows only 27% of UK … Continue reading Weekly Credit Card Update–July 10, 2015

Meet AmEx's PayPal Competitor, Express Checkout As the war to own the digital wallet continues, American Express is joining the battle with Express Checkout, a new way to pay using your AmEx card online. AmEx Express Checkout is similar to … Continue reading

PayPal Cuts Grandfathered Rewards Program to 1% Cashback

Longstanding users of the PayPal Business Debit MasterCard won't be seeing as much cash back on their cards in the future. Starting July 1st, all PayPal business debit cardholders who were grandfathered in with 1.5% cashback will be dropped to … Continue reading

PayPal Gets Backlash for Calling Feature in New User Agreement

PayPal is receiving a number of complaints about its updated user agreement, scheduled to go into effect July 1st. The new user agreement outlines a policy allowing PayPal to call or text users for a variety of reasons, including surveys, … Continue reading

Google Receives Major Support for Android Pay

Last week, Google announced that its mobile payment platform, Android Pay, will be available on Android tablets and smartphones. In the short time since its unveiling, the Apple Pay competitor has already received substantial support from a number of large … Continue reading

MasterCard Send, A New Digitial Payment Service

MasterCard is aiming to change the way people transfer money between debit cards, thanks to its new program called MasterCard Send. This "first-of-its-kind, global personal payments platform" allows consumers to send and receive funds within seconds, rather than waiting for … Continue reading

Do Consumers Feel Secure about Mobile Payments?

Americans are almost evenly split on how they feel about the security of mobile payments. According to a new survey from 451 Research, 24% of the respondents feel mobile payments are more secure than traditional payment methods, while 27% believe … Continue reading Weekly Credit Card Update–April 24, 2015

House Passes Cybersecurity Bill After Companies Fall Victim to Data Breaches Responding to a series of computer security breaches in government and the private sector, the House passed an expansive measure Wednesday that would push companies to share access to … Continue reading

PayPal Buys Israeli Cybersecurity Firm CyActive

Yesterday, PayPal confirmed its purchase of a cybersecurity firm to assist in its fraud prevention efforts. The firm, CyActive, is based in Israel, and has been in operation since 2003. Reports indicate PayPal paid $60 million for the company. CyActive has developed … Continue reading

New PayPal Here Card Reader Supports NFC Payments

PayPal will soon launch a new version of its PayPal Here credit card reader which is expected to accept NFC payments as well as chip-and-PIN credit cards. Merchants and small business owners using PayPal Here will be able to accept … Continue reading Weekly Credit Card Update–March 6, 2015

Retailers Face $8.65 Billion Bill for New Generation of Credit Cards New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment … Continue reading

PayPal Shuts Down Several Copycat Phishing Sites

Cyber criminals often create lookalike sites for popular payment processors and financial institutions in an effort to steal a person's login information and then hack into that account. PayPal has recently worked to take several of these phishing websites offline … Continue reading

PayPal to Expand Services to South Korea

As part of PayPal's global expansion efforts, the company will be launching a Korean language version of their website starting tomorrow, February 12. This will allow users in South Korea to transfer money and make payments online. Korean residents can … Continue reading

Braintree Now Lets Merchants Accept Bitcoins for Payment

Braintree, a mobile-friendly payment processor now owned by PayPal, has launched a private beta test that lets any U.S. merchant accept payments from Bitcoin. The company announced plans of this transition last September, and now these plans are coming to … Continue reading

PayPal App Now Compatible with All Major Mobile Platforms

The popular PayPal app has been on the market for several years, but it was mainly available on Android and iOS. The company recently announced on its blog that the app is now compatible with all major mobile platforms, including … Continue reading Weekly Credit Card Update–January 9, 2015

Why New Credit Cards May Fall Short on Fraud Control Big U.S. banks are steering clear of an advanced security measure used in credit cards around the world, opting for a system that is more convenient for shoppers but may … Continue reading Weekly Credit Card Update–November 21, 2014

Shoppers Just Don't Care About Credit Card Hacks If Target and The Home Depot are still reeling from the collective breach of 96 million customers' credit and debit cards, it didn't show in either company's earnings reports this week. Target … Continue reading

ChargePoint Electric Car Charge Stations Now Accept PayPal

Electric car drivers have something new to celebrate as ChargePoint announced it will now accept PayPal at its charging stations. PayPal and ChargePoint have had a longstanding relationship, with 34 ChargePoint stations currently installed at the PayPal work campus in San … Continue reading

PayPal’s Independence Leaves a Questionable Future for eBay

For the longest time, eBay and PayPal have acted as a unit, with each one helping the other succeed and grow. However, eBay has now decided to allow PayPal to be its own, independent company, which has created a questionable … Continue reading

Credit Card Processors Help Cyberlockers Distribute Stolen Content

A new report indicates credit card processors, such as Visa and MasterCard, authorize payments on cyberlocker websites that distribute stolen content on the web. The NetNames report done for Digital Citizens Alliance looked at 30 of the biggest cyberlocker sites on … Continue reading

PayPal Will Accept Bitcoin Through Its Subsidiary

In an effort to adapt to the changing world of cryptocurrency, PayPal recently announced it will be accepting Bitcoin payments through its subsidiary company, Braintree. Merchants who already use Braintree to process their payments will also be able to accept … Continue reading

Square’s New Cash App May Cut Into PayPal’s Market Share

Square's new app known as Cash allows a user to send cash to anyone with a mobile phone number or email address. The app's other options could make Square a force in the mobile payment world, and pose a threat … Continue reading

PayPal Launches One-Touch Mobile Checkout for Apps

PayPal is aiming to make mobile app payments a little easier with the launch of its new product, One Touch. This platform helps merchants and app developers give their customers a convenient way to pay for products and services. One Touch … Continue reading

Thieves Using PayPal Prepaid Cards to Steal Products

A new form of debit card theft is emerging in the Washington, D.C. area, where thieves are using PayPal prepaid debit cards to steal items from stores. The thieves are targeting stores that accept offline transactions when a card has … Continue reading

Big Gap between Awareness and Usage for Mobile Wallets

Mobile wallets have made a big splash in recent years, but a new study shows there may be more discussion going on than actual usage. Research from Thrive Analytics shows far more people in America know about digital wallets than … Continue reading Weekly Credit Card Update–July 25, 2014

Will Debit Card Rewards Become a Perk of the Past? Banks are still struggling to regain their footing from the financial collapse and resulting Great Recession. As profits shrink and expenses expand, the biggest banks in America are shedding thousands … Continue reading

PayPal Is Keeping eBay Afloat

PayPal, the online payment processor owned by eBay, may be the big thing keeping the parent company afloat. eBay has seen a steady decline in its revenue, especially after a data breach discovered in May of this year. According to their … Continue reading

Visa Checkout Aims to be Faster Than a Mobile Wallet

Visa's new mobile application, known as Visa Checkout, hopes to speed up the checkout process for mobile phone users. Visa Checkout looks similar to, which was launched in 2011. However, this program functions in an entirely new way, acting … Continue reading