PayPal

PayPal ordered to pay $25 million over deceptive practices

PayPal ordered to pay $25 million over deceptive practices

PayPal, used by online merchants and shoppers to send and process payments, has just settled a federal lawsuit from the Consumer Financial Protection Bureau (CFPB) over alleged deceptive practices in its "Bill Me Later" program which is now known as PayPal Credit. PayPal will be returning $15 million to customers who lost money due to PayPal's practices, and a $10 million fine has been levied against PayPal, going towards the CFPB. After the settlement, PayPal will be required to correct its consumer disclosure policies, making them "clearly and prominently" displayed to consumers.

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Apple Pay takes hold as PayPal dives

Apple Pay takes hold as PayPal dives

The mobile iteration of PayPal is taking a dive - and has been taking a dive the for past year - as Apple Pay begins to take a firm grasp on mobile payments. Thus says the data presented by 451 Research in a study conducted over the 3-month period ending this March, 2015. In it, 451 Research's ChangeWave service had 4,168 respondents "primarily based in North America" answer questions about their planned use (over the next 90 days) of mobile payment applications as well as issues of security therein.

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PayPal buys Paydiant, aims to challenge Apple, Google & Samsung

PayPal buys Paydiant, aims to challenge Apple, Google & Samsung

Today, PayPal is announcing their acquisition of Paydiant, a startup that produces mobile payment technology found in use with a variety of companies. Capital One and Subway are two notable clients, but one that might be more familiar to tech enthusiasts is CurrentC. Paydiant provides technology to Current C, the product of MCX, which is widely pointed to as the reason Apple Pay hasn’t seen a wider rollout. Terms of PayPal’s deal were not disclosed, but it looks like more than an intellectual property grab.

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Microsoft Surface and PayPal Here team up for point-of-sale solution

Microsoft Surface and PayPal Here team up for point-of-sale solution

Microsoft Surface and PayPal Here have teamed up to create a new point-of-sale solution for small businesses and sole proprietors that need a convenient way to get paid by customers. Microsoft and PayPal Here note that many businesses have realized that tablets allow them to interact with their customers and untether from the cash register. Microsoft says that in the past this meant that the business needed two devices.

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NYC contemplating mobile payment option for parking tickets

NYC contemplating mobile payment option for parking tickets

Paying off parking tickets is about to get a modern world makeover, at least in New York City, where officials are looking into opening up mobile payment options. Among those options could be PayPal, Apple Pay, and even Bitcoin, giving those on the unfortunate end of a parking violation citation the ability to quickly pay it off using their smartphone. The plan is still a work in progress, however, and for now residents are left with more archaic -- and time consuming -- options.

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Apple now lets US, UK buyers use PayPal for hardware

Apple now lets US, UK buyers use PayPal for hardware

Some might take it as hell freezing over, which it has been doing a lot lately. Apple has just flipped the switch and enabled using PayPal to buy hardware and devices from its online store, a privilege previously on available on for less physical purchases. The only caveat, it seems, is that it is a new feature restricted to the US and the UK, and that it might only work on the web browser version of the store. At least for now.

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Pebble smartwatch scores PayPal app

Pebble smartwatch scores PayPal app

Mobile payments are all the rage, and not to be left behind is PayPal, which has announced the arrival of its app for Pebble smartwatches. The app is available now, and brings with it the ability to pay for goods and services at certain shops that accept it from the comfort of one's wrist. Both check-ins and payment codes are supported, and payment notifications are also dished to the wearable, meaning users will no longer have to pop out their smartphone to complete a transaction.

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Report: PayPal dropped from Apple Pay because Samsung

Report: PayPal dropped from Apple Pay because Samsung

Apple Pay is going to make waves in the mobile payment realm, that much is certain. On launch, many wondered why Apple’s service didn’t just partner with another, similar service — or buy them. A new report suggests Apple was in discussions with PayPal to be involved with Apple Pay, but cut them loose because of Samsung.

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