This executive left a great job at PayPal to run a gift card startup she thinks could help end poverty

Raise PayPal executive Kathleen Pierce-Gilmore left the company in October to join Raise, a gift card marketplace startup, as chief operating officer and president.  Pierce-Gilmore, who grew up poor, thinks Raise can disrupt the credit industry in ways that PayPal and traditional finance companies can’t. The COO and president was one of three executives hired around the time that Raise […]

A PayPal exec’s favorite interview question reveals the skill all good employees should have

Derek Hann Never stop learning. If nothing else, will make it easier for you answer PayPal chief learning officer Derek Hann’s favorite interview question. As CLO, he focuses on implementing learning and development initiatives at the worldwide online payments system company. “I would ask this of any candidate — what did you learn this week?” Hann told […]

WordPress.com makes it easier for bloggers to accept PayPal payments

WordPress.com is making it easier for bloggers to accept online payments using PayPal. While the web-hosting service and publishing giant already supported PayPal payments, it involved a rather long-winded, nine-step, 15-minute process, starting with having to find your PayPal button code. Moving forward, things will be a lot quicker. “We knew that we wanted to make an […]

FBI claims Islamic State used eBay & PayPal to funnel cash into US

Published time: 11 Aug, 2017 14:15 Edited time: 11 Aug, 2017 14:18 A senior member of Islamic State (IS, formerly ISIS/ISIL) used PayPal and fake eBay transactions to send money to an alleged operative of the terrorist group in the US, according to an affidavit disclosed by the Federal Bureau of Investigation, WSJ reports. The […]

PayPal acquires Swift Financial to expand its working capital program for small businesses

PayPal has announced plans to acquire Swift Financial, a company that provides cash advances and loans to small U.S. businesses. Terms of the deal were not disclosed. Founded out of Wilmington, Delaware, in 2006, Swift Financial serves to fund SMEs with lines of credit when banks won’t play ball, or when their processes are too […]

GOLDMAN SACHS: Paypal is safe from Amazon — for now (AMZN, PYPL)

Thomson Reuters Amazon started its “Payments” platform in 2013, but it’s really taken off recently. With worries about Amazon taking over entire sectors, is the payment space safe? As Amazon announced its intentions to buy Whole Foods, the term “Amazoned” was coined to describe the businesses that crumble when Amazon enters their sector. Blue Apron is […]

Apple now lets you pay for digital goods using PayPal

Apple is opening up its digital ecosystem to PayPal from today, with customers able to use the omnipresent payments platform to purchase goods through iTunes, iBooks, Apple Music, and the App Store. Kicking off today in Canada and Mexico, PayPal payments will be slowly rolling out to other markets — including the U.S. — “soon […]

PayPal blocks donations to far-right campaign hampering migrant rescue efforts in Mediterranean

Published time: 15 Jun, 2017 01:09 Edited time: 15 Jun, 2017 01:10 PayPal’s online payments system has blocked contributions to a fundraiser by a French far-right group, which planned to charter a boat to hamper migrant rescue efforts in the Mediterranean. The blocking followed public outcry and a social media campaign. “Our policy is to […]