PayPal Approved to Provide Access to Paycheck Protection Program Loans
April 12, 2020
San Jose, CA – PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that the company is now providing access to small business loans through the U.S. Small Business Administration (SBA) Paycheck Protection Program.
This follows approval from the SBA for PayPal to participate in the program as one of the first non-bank institutions.
PayPal is one of the first non-bank institutions approved to participate in small business loan program
Tennessee Consumer Affairs Offers Tips for Individuals Using Person-to-Person Payment Systems
October 21, 2018
Tennessee Consumer Affairs
Nashville, TN – Tennessee Consumer Affairs says sending and receiving money is easier than ever before thanks to electronic fund transfers, often called person-to-person (or P2P) payment systems.
Person-to-person payment systems, like PayPal, Venmo, and Zelle, allow consumers to link bank accounts, debit cards, and/or credit cards in order to send and receive money to another party via mobile and desktop applications.
Tennessee Consumer Affairs Division Offers Information, Tips for Electronic Fund Transfer Services.
Tennessee’s Consumer Affairs Division Offers Tips on Mobile Shopping
December 12, 2015
Increase in Mobile Wallet Use Calls for Diligent Password Protection
Nashville, TN – The Tennessee Department of Commerce and Insurance’s (TDCI) Consumer Affairs Division is reminding shoppers to make sure they protect their personal information when shopping from mobile devices this holiday season.
“Online shopping is becoming increasingly convenient due to a rise in mobile app use and the introduction of mobile wallets,” says says TDCI Deputy Commissioner Bill Giannini. “Unfortunately, with that ease comes a concern for the security of personal financial information.”
Consumer Reports finds Hidden Costs in Cell-Phone and Digital-Wallet Payment Services
August 4, 2011
Survey finds Americans not clamoring to pay with cell phones just yet
Yonkers, NY – While Americans are still using plenty of cash, checks, credit and debit cards to pay their bills, new electronic methods such as paying by cell phone or digital wallets are emerging. Before jumping in, consumers should be aware of the disparity in loss liability and consumer protections they offer, according to Consumer Reports.
CR’s latest investigation into these new payment options finds that banks and technology companies are jostling for a greater share of the $50 billion a year in fees generated by everyday transactions. Some services by PayPal, Obopay, Square, Zong, and FaceCash already allow you to pay for purchases with your cell phone, but so-called digital wallet services are scheduled to hit the market soon. [Read more]
