Treasury Department Taps Fintech Giants Square, PayPal and Intuit to Help Distribute Billions to Small Businesses
Jack Dorsey's Square will join PayPal and Intuit QuickBooks Capital in helping the US government distribute emergency funds to small
PayPal and Intuit say they have been approved by the Small Business Administration to distribute funds from its $350B emergency lending program (Kate Rooney/CNBC)
By Kate Rooney / CNBC. View the full context on Techmeme.
PayPal, Intuit QuickBooks approved to take part in coronavirus, small-business emergency loan program
The two companies are among the first non-bank, fintech companies to be approved for the Small Business Association's Paycheck Protection Program.
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"We don't intend to do any layoffs as a result of COVID-19, " PayPal CEO Dan Schulman told CNBC on Tuesday.
Crypto developers must follow consumers closely if they want the industry to take off in a big way, Paypal’s chief technical officer has said.
PayPal is investigating unauthorized transactions affecting numerous German users; a researcher says hackers could be exploiting PayPal's Google Pay integration (Catalin Cimpanu/ZDNet)
By Catalin Cimpanu / ZDNet. View the full context on Techmeme.
PayPal stock has soared on the back of GoPay acquisition and strong earnings report. Coronavirus aftermath could provide tailwind for the stock.
The organised crime gang bought around £358, 000 worth of luxury items including Rolex and Breitling watches, Versace clothes, jewellery, furniture and televisions
According to PayPal’s Global mCommerce Report, 61% of businesses are expected to embrace social commerce in 2020. The global survey, carried out by Ipsos for Pa