Microsoft introduces Teams Payments
Microsoft has introduced a new feature for its Teams platform that could revolutionize how small and medium-sized businesses (SMBs) collect client payments. The feature allows SMBs to seamlessly request and accept payments from within a Teams meeting, streamlining the transaction process and saving... Read more
New layoffs at SAP, NetApp, Splunk, PayPal, Workday, Hubspot and more
You probably didn't miss that many large tech companies are currently reorganizing. One reorganization after another is being announced. One layoff after another is announced this week. PayPal, Workday, Hubspot, Splunk, NetApp, Pinterest, Rivian, OpenText and Micro Focus, among others, are cutting ... Read more
German competition office initiates proceeding against PayPal
The German Federal Cartel Office (FCO) announced that it has initiated a proceeding against PayPal Europe on account of practices possibly suppressing competitors and restricting price competition.
Specifically, the proceeding deals with PayPal’s 'rules about surcharging' and the “presentati... Read more
Data breach affects 35,000 PayPal customers
PayPal recently announced a data breach that exposed sensitive information on 35,000 users.
The incident took place between the 6th and 8th of December. PayPal detected the breach on the 20th of December, according to a regulatory filing. The incident was caused by a credential-stuffing attack,... Read more
Poland’s watchdog starts proceedings against PayPal
Polish market regulator UOKiK has started proceedings against PayPal over suspected illegal contractual clauses. The case can result in a penalty of up to 10 percent of the company's revenue.
The market regulator expressed concerns about PayPal's ability to implement contractual penalties such a... Read more
‘Elliott Investment Management is building a stake in PayPal’
The investment manager is reportedly pushing the financial tech giant to cut its costs post-pandemic.
This week Bloomberg News reported that Elliott Investment Management is building a stake in PayPal. The investment manager plans to push the fintech giant to ramp up its cost-reduction efforts, ... Read more
PayPal Tap to Pay turns smartphones into payment terminals
PayPal Tap to Pay is now available in the Netherlands, Sweden and the United Kingdom. The Android app allows smartphones to accept card payments.
Tap to Pay uses the NFC chips of Android smartphones and tablets to support card payments. Think of credit cards, debit cards, and digital wallets lik... Read more
Ethical hacker cracks software from Apple and Microsoft
A security researcher has found a problem with the way many programming languages deal with dependencies. By creating new public packages with the same names as those used internally by companies, he managed to add code to the companies' software.
In his blog, researcher Alex Birsan writes that ... Read more
Coupa expands partnerships with payment providers
Coupa has announced the expansion of its cooperation with payment providers. The company offers an integration with online payment platform Stripe and cooperates with digital wallet provider PayPal. Both collaborations focus on the Coupa Pay service.
The cooperation with PayPal should enable compani... Read more
Google Pay and PayPal expand integration for sellers
Google and PayPal have announced to expand their integration. This makes it possible for sellers to offer PayPal payments on their website or mobile app via Google Pay.
Google and PayPal have been working together on payments since 2017. Then it became clear that PayPal became part of Android Pay. L... Read more