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PayPal told customer her death breached its rules

PayPal told customer her death breached its rules

Technology
PayPal wrote to a woman who had died of cancer saying her death had breached its rules and that it might take legal action as a consequence.The firm has since acknowledged that the letter was "insensitive", apologised to her widower, and begun an inquiry into how it came to be sent.The matter came to light after her bereaved husband contacted the BBC.He said he wanted to make other organisations aware how distressing automated messages could be.Lindsay Durdle died on 31 May aged 37. She had been first diagnosed with breast cancer about a year-and-a-half earlier. The disease had later spread to her lungs and brain.PayPal was informed of Mrs Durdle's death three weeks ago by her husband Howard Durdle.He provided the online payments...
PayPal agrees to buy iZettle for $2.2bn

PayPal agrees to buy iZettle for $2.2bn

Technology
Digital payments giant PayPal is to swallow up Swedish financial technology start-up iZetttle for $ 2.2bn (£1.6bn). The announcement came after Sky News revealed that the two companies were in advanced talks.It marks the largest ever acquisition by California-based PayPal, which was spun out of eBay in 2015.The price being paid by PayPal - itself valued at more than $ 90bn (£66bn) - is double the valuation that iZettle was reported to be seeking from a listing on Nasdaq Stockholm.iZettle is best known for offering small businesses a mini credit card reader that can turn smartphones and tablets into payment registers.It has a presence in 11 countries including Brazil and Mexico as well as across Europe - with its brand increasingly familiar in British coffee shops...
PayPal introduces a new cash back credit card

PayPal introduces a new cash back credit card

Finance
5 stunning stats about credit cardsPayPal is hoping to expand its membership by rolling out a new cash-back credit card. The PayPal Cashback Mastercard, which is only available to PayPal members, gives cardholders 2% cash back on every purchase. PayPal's card is notable for the high amount of cash back it offers on purchases across the board. The new card also has no annual cash back limit, no minimum redemption amount, no restriction on how to spend cash rewards and no expiration on rewards. While other cards offer a higher percentage of cash back, it's usually only offered on certain categories of purchases like groceries or airfare and often comes with a cap on spending. Citi's Double Cash card gives you 1% for purchases and 1% when you pay it back, rather than a full 2% all at once a...