The Office of Foreign Assets Control said PayPal didn’t adequately screen transactions so it could detect those by people or entities subject to sanctions against Iran, Cuba and Sudan.
Facebook is taking a seat at the wireless payment table by now allowing users to send money to one another with its Messenger app.
EBay plans to cut 2,400 jobs, or 7 percent of its staff, in the first quarter to simplify its structure and boost profit ahead of a planned separation of its business.
Silicon Valley Big Shots Investing Millions In National Marijuana Company Featuring Bob Marley Products
Founders Fund, the $2 billion San Francisco venture capital firm run by Silicon Valley stars including Peter Thiel, co-founder and former CEO of Paypal, is investing in Privateer Holdings, a marijuana company that owns several pot-related brands.
Alibaba’s stock is surging as the Chinese e-commerce powerhouse’s begins its first day trading as a public company.
NASA is a giant step closer to launching Americans again from U.S. soil, and one of the likely contenders is SpaceX, the private rocket company formed by PayPal and Tesla co-founder Elon Musk.
Restaurant Checkout App MyCheck Expands To Bay Area; Customers Can Dine And Dash, Pay Bill On Smartphone
Restaurant diners in the Bay Area may soon be able to skip out without waiting for the check with the expansion of an app that allows customers to dine and dash while paying the bill on their smartphone.
Christina Smedley, vIce president of Global Brand and Communications at San Jose-based PayPal, shares expert advice for business management careers in the Silicon Valley.
The e-commerce company has been fighting a push from the activist investor to spin off PayPal, eBay’s mobile payment business that is growing revenue faster than the rest of the company. Icahn launched his campaign against the company in January.
EBay is reporting higher earnings and revenue for the last three months of 2013, driven by a strong holiday season for its e-commerce site and PayPal.