Security systems designed to filter out fraudulent payments have apparently failed at the payment service provider PayPal (PYPL), so German banks have blocked direct debits worth tens of billions, leaving merchants waiting for their money, according to a translation of a German-language report published by the Suddeutsche Zeitung.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PYPL:
- Option traders moderately bearish in PayPal with shares down 0.79%
- Mixed options sentiment in PayPal with shares up 3.43%
- Crypto Currents: Investors exercise caution ahead of Powell speech
- Mixed options sentiment in PayPal with shareslittle changed
- Lyft (LYFT) Stock Jumps 10% as Co-Founders Resign from Board