PayPal

PayPal has suspended the operations of TIO Networks, a bill-payment company it purchased earlier this year, following the discovery of security vulnerabilities that require investigation.

Customer service is steadily expanding within Facebook separate from its payments operations, as part of “an ecosystem for buying.”

PayPal is strengthening its services for e-commerce marketplaces and crowdfunding money-raising projects through PayPal for Marketplaces, while also adding Pay with Google for its Braintree merchants accepting Android Pay.

Facebook Messenger now supports person-to-person payments and customer service for PayPal, expanding the funding choices for repaying friends and family and the channels available to PayPal users sending P-to-P payments.

Payments company reports double-digit increases in both profit and revenue; card company faces intense competition.

PayPal's latest move has been expanding its Venmo service beyond peer-to-peer payments to a method for paying merchants directly.

The Federal Reserve Board governor sketched out a future in which U.S. banks remain at the center of commercial transactions.

PayPal's latest move to promote Venmo for retail payments may be the company's clearest admission of the limitations of the PayPal brand.

Consumers now expect money to move at web speed, be instantly available, and safe to spend, writes Drew Edwards, CEO of Ingo Money.

JPM chief says digital currency “has no actual value,” but likes the blockchain technology behind it; lender will wait until “the time is right” before re-applying.