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Ex eBay Execs Admit To Cyberstalking Plot

PYMNTS

Two others who were charged but have denied any wrongdoing include James Baugh, 45, of San Jose, eBay’s former senior director of safety and security; and David Harville, 48, of New York City, eBay’s former director of global resiliency. Calls and emails to the six defendants’ attorney were not returned, the news outlet reported.

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Chase Leans Strategy to ‘Buy’ from ‘Build’

Bank Innovation

SAN JOSE, Calif. – The “build or buy” scale is leaning increasingly towards “buy” at JPMorgan Chase, as fintechs become less concerned with disrupting traditional banks. That’s the upshot from Adam Carson, the bank’s head of digital partnerships, during a fireside chat at Bank Innovation 2017. “In

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What Can Startups Learn from Marketplace Lending Troubles? [Video]

Bank Innovation

This was the upshot from a venture capital panel at a recent Bank Innovation event in San Jose. But what got the online lenders in trouble in the first […]. Rather, it’s going through a reboot, which will include improved software, increased focus on regulation, and improved transparency.

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Popularity of Customer Engagement Tools Reveals Weakness of Cores

Bank Innovation

SAN JOSE, Calif. — One of the major themes in the first day of Finovate Spring (aside from perennial favorite authentication) was customer engagement — having better discussions with customers in a digital environment in order to deliver more relevant products and services.

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PayPal Provides $5M In Grants To Support Minority Businesses

PYMNTS

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. “To PayPal Holdings Inc. provided $5 million in grants to support Black-owned businesses in the U.S.

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PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial

Bank Innovation

Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 Payments company, PayPal will sell its U.S. consumer loan portfolio to Synchrony Financial. billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. Synchrony Bank has been PayPal’s banking partner since 2004.

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Starboard Nominates Head Of Research To eBay Board

PYMNTS

Spurred by frustration that eBay has not yet sold its online classified ads business or made changes to its board, activist investor Starboard is nominating a series of new directors to the company board, including Starboard’s head of research, Peter Feld. The marketplace business has also been the subject of takeover talk.

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