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PayPal

Welcome to the News View for "PayPal".

Here, on these archive pages, you'll find all of the articles on Payments News for PayPal listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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June 06, 2014

Headline News from PaymentsNews.com - June 6, 2014

On the Web:

On the Wires:

  • Green Dot Supports Visa’s New Prepaid Card Designation - “Visa has chosen guidelines for their designation that align perfectly with how Green Dot has always structured our fee plans,” said Steve Streit, Green Dot’s Chairman and CEO. “We believe it's important for the prepaid card industry to provide affordable, fair products with clear and easy to understand fee disclosures. We applaud Visa's announcement and hope to see the rest of the industry adopt these guidelines."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

June 02, 2014

Headline News from PaymentsNews.com - June 2, 2014

On the Web:

  • Apple Opens Up Touch ID To All Apps - TechCrunch - "The Touch ID API will be available in beta today, so that developers who want to use the iPhone’s fingerprint sensor in order to authenticate users — or add an extra layer of security like in the Mint example — can start building on it."

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 22, 2014

Headline News from PaymentsNews.com - May 22, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 14, 2014

Headline News from PaymentsNews.com - May 14, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 07, 2014

Headline News from PaymentsNews.com - May 7, 2014

On the Web:

On the Wires:

  • INSIDE Secure Launches New EMV-ready MicroPass Solution for US Payment Cards - "The US EMV compliant MicroPass solution comes with six options. Three are contact only solutions and three are dual interface payment solutions (contact and contactless)."
  • Global Prepaid Executive Scott Salmon Joins i2c - Mr. Salmon comments, “i2c is redefining what's possible in prepaid, debit, credit and emerging commerce programs. The opportunities that i2c's processing technology creates for APCEMEA markets is tremendous, and I am very excited to work with the i2c team to help clients in these regions capitalize on them.”

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

May 06, 2014

Headline News from PaymentsNews.com - May 6, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 30, 2014

PayPal Introduces New Brand Identity and Launches Global Brand Campaign

PayPal new 140pxPayPal has announced the introduction of a new brand identity and updated PayPal logo that it says "features a more modern and mobile-first appearance."

PayPal worked with the design firm fuseproject to develop the new logo and notes that it "flexes to fit all screen sizes, from wearables and mobile to the biggest, flattest high-definition TVs. It’ll be more legible and recognizable in both type and colors and will easily extend to be usable across the look/feel of various systems, and in the 193 markets we serve worldwide. Connection is a motivating principle behind the redesign — connection to money, to people and between people. It was important to evoke connection that was human and approachable, not too technical."

In addition, PayPal is unveiling a new global brand platform and campaign: Powering The People Economy.

“PayPal has an opportunity and responsibility to help people take control of their money and use it in any way they want, through seamless and delightful experiences,” said David Marcus, PayPal’s president. “Powering The People Economy is a recognition of what our customers should expect and demand from us – secure, easy and convenient payment experiences that get out of the way and get them closer to what they want.”

“PayPal believes in a world that works for people, rather than the other way around,” said PayPal’s vice president of global brand, Christina Smedley. “Through our products, we are making life better in tangible, practical and magical ways and building a world that makes every day easier and simpler for everyone. The essence behind this new campaign puts people, not institutions, first.”

As part of the campaign, PayPal said new television ads will air on major networks in a variety of programming in Germany, the United Kingdom, Australia and the United States, along with print and digital media throughout the summer and into the fall of 2014.

More information about the new brand identity and the campaign are available on the PayPal Forward blog.

April 29, 2014

A Graphical Look at PayPal's Performance

At Glenbrook, we've been following PayPal for a long time.  Each quarter, we take the latest financial results and add them to our database - and then produce a series of charts.  Following eBay's latest earnings release today, we did that again - and thought we'd share with you some of the charts that help illustrate PayPal's performance over time.

If you have questions or comments, please send them along to me: scott@glenbrook.com or on Twitter: @sjl.

PayPal payments 1q14

PayPal pmt vol 1q14

PayPal revenue 1q14

PayPal take rate 1q14

PayPal expense rate 1q14

PayPal loss rate 1q14

PayPal Grows Revenues 19% in 1Q14 on 27% Growth in Payment Volume

PayPal logo 140pxPayPal's parent eBay has announced financial results for 1Q2014 which included strong growth numbers for its PayPal business unit.

PayPal revenue increased 19% in the quarter resulting in net revenues of $1.85 billion in the quarter. PayPal gained 5.8 million new active registered accounts in the quarter and ended the year with 148 million, a 16% increase.

PayPal's net total payment volume (TPV) grew 27% in the quarter with 834 million transactions generating $52 billion in net TPV for the quarter.

eBay reports that PayPal's 'take rate" was 3.55%, down from 3.77% in the same quarter last year. As compared to the prior quarter, PayPal's transaction expense increased slightly to 0.99% while the loss rate decreased to 0.27%.

April 25, 2014

Headline News from PaymentsNews.com - April 25, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 22, 2014

Headline News from PaymentsNews.com - April 22, 2014

On the Web:

  • 10 Questions: Jeremy Allaire, founder and CEO, Circle - Fortune - "The company aims to make Bitcoin simpler, safer, and easier to use. In light of recent controversy around the virtual currency -- particularly around companies that have failed and lost clients' money -- Allaire is taking his time to make sure Circle will be legitimate and regulated."
  • Tokens and Traditionalists - Drop Labs (Cherian Abraham) - "However with HCE I would go beyond NFC – as finally there is a way to decouple the credential from the radio – and look beyond where the credential is stored, and even how it is presented – including other legitimate use-cases such as QR and BLE alongside of NFC."
  • Verizon Data Breach Report: Payment-Card Theft Can Be Avoided at Little Cost - Wall St. Journal - “It’s not necessarily about spending more money. It’s about doing the right things,” said Chris Porter, one of the report’s authors and a managing principal at Verizon’s Cyber Intelligence Center.
  • Facebook Now Powers More Than Half Of All Social Logins - "According to the latest data from social login service Gigya, Facebook remains the absolute market leader here and now powers more than 51 percent of all social logins in North America."
  • Review: Loop mobile wallet - Fortune - "Loop is a brilliant idea, and most importantly, it works. But the fob is better as a proof of concept than a daily companion, and for that reason, only enthusiasts will find today's system worth the expense."
  • Former Citi Executive Sanjiv Das to Join First Data - Wall St. Journal - "Sanjiv Das, who served as chief executive of CitiMortgage from 2008 to 2013, has taken the role as First Data's chief of staff and is joining the company's management committee,"

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 21, 2014

Headline News from PaymentsNews.com - April 21, 2014

On the Web:

  • Mobile-Payments Startup Square Discusses Possible Sale - Wall St. Journal - "With losses widening and cash shrinking, representatives of mobile-payments startup Square Inc. have discussed a possible sale to several deeper-pocketed rivals, according to people familiar with the matter."
  • Facebook: Taking on PayPal with socially useful banking - The Independent (UK) - "As a new entrant to the financial-services marketplace, Facebook therefore has a huge advantage. It remains the go-to social network which gives it instant access to potentially millions of fed up UK bank customers."
  • The plot to kill the password - The Verge - "Since 2012, a group called the FIDO Alliance has been working on that standard, building a bridge between hardware projects like Samsung’s fingerprint reader and the online services they’re connecting to."
  • 8 Tools to Send Messages to Shoppers Based on In-Store Movements - StreetFight - "Here are eight tools that merchants can use to send offers or promotions based on their customers’ real-time indoor movements."
  • Using Bitcoin to Build a Better Common Law - The Umlaut - "The basic idea is to use multiple addresses per private key in order to make it harder to hijack your bitcoins."

On the Wires:

  • NetSpend, Western Union to Introduce Co-Branded Prepaid Card in the U.S. - “Combining the strengths of Western Union’s global brand and expertise in moving money with NetSpend’s deep prepaid knowledge and unique product capabilities, creates an incredible opportunity for us to better serve an underserved market,” said Dan Henry, chief executive officer of NetSpend.

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 16, 2014

Headline News from PaymentsNews.com - April 16, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 11, 2014

Headline News from PaymentsNews.com - April 11, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 10, 2014

Headline News from PaymentsNews.com - April 10, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 08, 2014

Headline News from PaymentsNews.com - April 8, 2014

New on PaymentsJobs.com:

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 03, 2014

Headline News from PaymentsNews.com - April 3, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 02, 2014

Headline News from PaymentsNews.com - April 2, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 26, 2014

Headline News from PaymentsNews.com - March 26, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 25, 2014

Headline News from PaymentsNews.com - March 25, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 21, 2014

Headline News from PaymentsNews.com - March 21, 2014

On the Web:

On the Wires:

  • Visa and PULSE Agree on EMV Common Debit Solution - "Visa Inc. and PULSE, a Discover Financial Services company, announced an agreement to enable financial institutions that issue EMV debit cards on both the Visa and PULSE networks to use Visa’s common debit solution."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 17, 2014

Headline News from PaymentsNews.com - March 17, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 14, 2014

Headline News from PaymentsNews.com - March 14, 2014

On the Web:

  • Accidental disruption: Max Levchin discusses how close PayPal was to never existing at all! - PandoDaily - "It’s often said that it’s better to be lucky than good. Fortunately for PayPal, Levchin, Thiel, and the company’s other early execs were both lucky and good."
  • Consumers Not Powerless in the Face of Card Fraud - New York Times - "The United States is such a fraud-friendly country in part because we still use old-fashioned magnetic stripes on the back of our cards. This makes it relatively easy for thieves to make counterfeit ones."
  • Xapo Raises $20 Million To Bury Your Bitcoin Underground - TechCrunch - "The wallet, said Wences, works like a checking account while the vault works like a savings account. They have no intention of ever becoming an exchange."
  • Wearing Apple - furbo.org (Craig Hockenberry) - "But the biggest feature of all would be that this wearable device could support iBeacon."
  • China Suspends Two Forms of Smartphone Payments - Wall St. Journal - "A People's Bank of China official who declined to be named said the bank issued a directive Thursday ordering the suspension of online payments using QR codes and virtual credit cards in smartphone payment systems."
  • Introducing Myself - Bitcoin Foundation (Jim Harper, Global Policy Counsel) - "To that end—prioritizing—I have already begun a study of the risks that Bitcoin faces and their severity, how to address them and, when possible, how to measure success or failure."
  • Buffett: ‘Stay Away’ From Bitcoin - Wall St. Journal MoneyBeat - He called it “a very effective way” of transmitting money, but said that “a check is a way of transmitting money, too.”

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 11, 2014

Headline News from PaymentsNews.com - March 11, 2014

On the Web:

  • Starbucks CEO on mobile payments - Fox News - "Starbucks CEO Howard Schultz on the success and expansion of the company’s mobile payment platform."
  • Why I'm Joining PayPal - PayPal Forward Blog (Rakesh “Rocky” Agrawal) - "Part of my role at PayPal will be to help small businesses and entrepreneurs understand online commerce and payments."
  • A Deeper Look at Uber’s Dynamic Pricing Model - Above the Crowd (Bill Gurley) - "So why does Uber’s dynamic pricing even exist? The answer lies in understanding that Uber is fundamentally a marketplace, where supply is controlled not by the company but by the legion of independent contractors and transportation providers with whom they work."
  • Decentralizing Identity - Continuations (Albert Wenger) - "It is still early days for all of this, but the potential for these emerging decentralized identity systems is to further push power to the people and away from central authorities."
  • Bitcoin and Cryptocurrencies: A Critical Insight - IBM Academy of Technology TechNotes - "Bitcoin allows you to transfer economic value to any individual, anywhere in the world, without the involvement or approval of a third party, at minimal cost. This architecture is unlike any payment sys-tem that has previously existed. We are now observing a proliferation of new entrants building on its insights."
  • Top 50 credit unions grow in the face of new regulations - SNL Financial - "After several years of growth, the nation's credit unions saw the first drop in aggregate net income since 2008."
  • McDonald’s Sweden takes mobile payments to the next level - Mobile Commerce Daily - "The technology is being powered by Seamless’ SEQR mobile wallet solution."
  • How Banks Should Respond to the New Players in Payments - Bank Systems & Technology - "Silicon Valley Bank has taken a different approach to new payments players, by using its unique position in the “cradle of innovation” to incubate payments startups in partnership with MasterCard, Reekita Grewal shared."
  • Millennials see banks as irrelevant | Scratch - "This turned out to be a longer post than I expected. The catalyst was the millennial belief in irrelevance of banks. This is not to be ignored or ignored at your banks peril."

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 10, 2014

Headline News from PaymentsNews.com - March 10, 201

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 05, 2014

Headline News from PaymentsNews.com - March 5, 2014

On the Web:

  • Target CIO Resigns Following Massive Data Breach - TechCrunch - "Target Corp.’s Chief Information Officer Beth Jacob is resigning, effective immediately..."
  • Sally Beauty Hit By Credit Card Breach - Krebs on Security - "Nationwide beauty products chain Sally Beauty appears to be the latest victim of a breach targeting their payment systems in stores..."
  • Stripe launches new Checkout - Stripe Blog - "Each site should not have to duplicate the work of device optimization and A/B testing. When you use Checkout, you have a team of Stripe engineers and designers continually optimizing your payment interface."
  • EBay CEO Reiterates Company Stronger With PayPal - Wall St. Journal - "EBay helps PayPal grow faster by creating a flywheel effect because PayPal is the primary and, in some cases, exclusive way to pay on eBay."
  • HCE: We're not in Kansas anymore - Mobile Payments Today (Cherian Abraham) - "There is a lot of potential in the closed-loop space with HCE, that retailers are ignoring due to a "scorched earth" approach toward contactless."

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

March 03, 2014

Headline News from PaymentsNews.com - March 3, 2014

Glenbrook's Payments Insight Workshop series this spring focuses on three key topics for payments professionals: Bitcoin - Basics and Beyond (March 26), Data in Payments (April 22) and Innovation in Payments (May 8).

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 27, 2014

Headline News from PaymentsNews.com - February 27, 2014

Glenbrook's Payments Insight Workshop series this spring focuses on three key topics for payments professionals: Bitcoin - Basics and Beyond (March 26), Data in Payments (April 22) and Innovation in Payments (May 8). Offered in a small group setting in the San Francisco Bay Area, registration is now open for each of these workshops!

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 25, 2014

Headline News from PaymentsNews.com - February 25, 2014

Glenbrook's Payments Insight Workshop series this spring focuses on three key topics for payments professionals: Bitcoin - Basics and Beyond (March 26), Data in Payments (April 22) and Innovation in Payments (May 8). Offered in a small group setting in the San Francisco Bay Area, registration is now open for each of these workshops!

On Twitter:

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

February 24, 2014

PayPal to Support Fingerprint Authentication on Samsung's New Galaxy S5

PayPal logo 140x60pxPayPal and Samsung have announced there are enabling Samsung Galaxy S5 users to login and shop at any merchant that accepts PayPal on mobile and in-stores with only their fingerprint. The companies say that this "new secure, biometric feature means Galaxy S5 users will no longer need to remember passwords or login details across millions of PayPal merchants. PayPal will be the first global payments company to support Samsung’s mobile fingerprint authentication technology."

We spearheaded the Fast IDentity Online Alliance last year and predicted that the industry would soon move beyond passwords, and this announcement brings us one step closer to that reality,” said Hill Ferguson, Chief Product Officer for PayPal.

“By working with Samsung to leverage fingerprint authentication technology on their new Galaxy S5, we are able to demonstrate that consumers don’t need to face a tradeoff between security and convenience. With a simple swipe of a finger, consumers can still securely log into their PayPal account to shop and pay with the convenience that mobile devices afford.”

PayPal says it is providing a secure wallet in the cloud and doesn’t store personal information on the device. "Customers can use their finger to pay with PayPal from their new Galaxy S5 because the FIDO Ready™ software on the device securely communicates between the fingerprint sensor on their device and PayPal’s service in the cloud. The only information the device shares with PayPal is a unique encrypted key that allows PayPal to verify the identity of the customer without having to store any biometric information on PayPal’s servers."

Starting in April, PayPal fingerprint authentication on the Samsung Galaxy S5 will be available in 26 markets globally, including Australia, Brazil, Hong Kong, Russia, United Kingdom and United States. To watch a video of the experience, click here.

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