PYMNTS-MonitorEdge-May-2024

PayPal

All around the world, PayPal connects hundreds of millions of people sending and receiving billions of dollars.

To get started with PayPal, link your credit cards, debit cards and bank accounts to your PayPal account. Once they are securely linked, you won’t need to enter this information again. Now you can use PayPal online, in stores, or to send money to a friend. Helping people find better ways to pay, get paid and manage money is at the heart of everything we do.

Source: paypal.com

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Final CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions 
Final CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions 
November 21, 2024  |  Regulation

The payment ambitions of the largest, marquee names in technology now will come under greater scrutiny at the federal level. A finalized rule from the...

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PayPal Resolves 2-Hour Global Outage Affecting Multiple Products
PayPal Resolves 2-Hour Global Outage Affecting Multiple Products
November 21, 2024  |  Technology

PayPal experienced a global outage that affected multiple products for about two hours Thursday (Nov. 21). The incident lasted from 10:53 UTC to 12:59 UTC...

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This Week in Web3: Understanding Blockchain Solutions for Business Challenges
This Week in Web3: Understanding Blockchain Solutions for Business Challenges
November 20, 2024  |  Blockchain

At its core, blockchain is a distributed ledger technology (DLT) that records transactions across multiple computers in a secure, immutable and transparent manner. Unlike traditional...

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PayPal’s Xoom Begins Settling Cross-Border Payments with Stablecoin
PayPal’s Xoom Begins Settling Cross-Border Payments with Stablecoin
November 19, 2024  |  Cross-border Payments

PayPal will begin letting its disbursement partners use PayPal USD to settle cross-border money transfers. The new service will be offered through PayPal’s Xoom cross-border...

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Embedded Lending Platforms Jump as Merchants Seek Working Capital
Embedded Lending Platforms Jump as Merchants Seek Working Capital
November 14, 2024  |  Digital Banking

The payment and commerce platforms PayPal, Shopify and Block have long been developing ecosystems for merchants. For the small to mid-sized businesses, signing on to...

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PayPal Begins Rollout of ‘Pool Money’ Feature for Shared Expenses
PayPal Begins Rollout of ‘Pool Money’ Feature for Shared Expenses
November 14, 2024  |  Payments Innovation

PayPal has begun rolling out a feature that makes it easier for its customers and their friends and family to pool money for shared expenses....

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LayerZero Enables PayPal USD Stablecoin Transfers Between Ethereum and Solana
LayerZero Enables PayPal USD Stablecoin Transfers Between Ethereum and Solana
November 13, 2024  |  Blockchain

The PayPal USD (PYUSD) stablecoin now uses LayerZero’s Omnichain Fungible Token (OFT) Standard to enable transfers between the blockchain networks Ethereum and Solana. This integration enables fast, secure and cost-effective transactions...

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PayPal Reports BNPL Bounce, More Focus on Financial Services
PayPal Reports BNPL Bounce, More Focus on Financial Services
October 29, 2024  |  Earnings

With its transaction growth rates slowing and less-than-expected revenue guidance for the balance of the year, PayPal focused on its repositioning from a peer-to-peer pioneer...

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Global Payments to Offer US Merchants Fastlane by PayPal Checkout
Global Payments to Offer US Merchants Fastlane by PayPal Checkout
October 23, 2024  |  Checkout Conversion

Payments technology company Global Payments will offer its U.S. merchants the Fastlane by PayPal checkout experience. The new offering marks an expanded collaboration between Global...

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