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Daniel Wolfe
JUN 28, 2004 1:00am ET

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New GE Deal With PayPal Enables Microloans

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PayPal Inc. is taking a bigger step into the credit world with a new agreement with GE Consumer Finance that allows the eBay Inc. subsidiary to offer the equivalent of an in-house credit account for purchases made with the person-to-person payment service.

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Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?
Yes. Facebook Credits threatens to cut off banks from transactions and customer data.
No. A system the enables users to pay for online games and page upgrades is a harmless niche.
Maybe. It depends on whether Facebook makes an aggressive move into ecommerce.

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17th Annual Best Practices in Retail Financial Services Symposium
March 11-13, 2012
Boca Raton Resort & Club, Boca Raton, FL
16th Annual National Collections & Credit Risk Conference
March 14-16, 2012
Hyatt Regency New Orleans, New Orleans, LA
6th Annual Mortgage Servicing Conference
April 17-19, 2012
Omni Mandalay Hotel at Las Colinas, Dallas (Irving), TX
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