PayPal becomes first member to exit Facebook's Libra Association
PayPal said it would forgo any further participation in the group and would instead focus on its own core businesses.
PayPal said it would forgo any further participation in the group and would instead focus on its own core businesses.
In a sign of widening scrutiny after Facebook Inc's proposed Libra digital coin aroused widespread objection, the bill proposes a fine of $1 million per day for violation of such rules.
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By exploiting the power of social media, Circle wants make moving bitcoins and money across borders a pleasant and cost-saving affair in more countries.
Gilles Ubaghs of Ovum notes the challenges ahead for PayPal as it repositions itself as a broader commerce platform
The push for mobile payments in the U.S. continues to build steam as banks shift to more secure chip-embedded credit and debit cards for consumers -- and merchants embrace payment terminals that can accept the new cards.
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PayPal is acquiring Xoom, an international money transfer service, in a deal that lets PayPal break into a new market worth an estimated $600 billion a year, the companies said Wednesday.
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PayPal is fine-tuning its policies after a recently announced plan to make unsolicited prerecorded calls and texts to users drew questions and concerns from customers, regulators and consumer advocates.
The U.S. Federal Communications Commission has cautioned PayPal that provisions in its new user agreement for contacting customers with autodialed or prerecorded calls and text messages could violate federal laws.
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After a backlash from critics, PayPal seems to be reconsidering a plan to give itself unilateral permission to ping its users with robocalls and text messages.
As PayPal prepares for its upcoming IPO as an independent eBay spinoff, it wants to make at least one thing clear: It's got mobile covered.