Posts filtered by tags: Dan Schulman[x]


 

PayPal's CFO explains why the payment giant is going against the grain and betting big on QR codes as the new way to pay in-store

PayPal is betting that US shoppers will start using QR codes at checkout. Last week, it announced that CVS Pharmacy would be the first national chain to offer PayPal's QR payments in-store. PayPal's CFO John Rainey told Business Insider that when the pandemic hit, PayPal reprioritized its QR code project, which it launched in May. While QR payments are prevalent in markets like China, they've yet to catch on in the US. Visit Business Insider's homepage for more stories. Contactless payments a...
Tags: Ebay, China, US, Trends, Paypal, CVS Pharmacy, Venmo, Mastercard, Rainey, Dan Schulman, John Rainey, Futurist Group


POWER PLAYERS: Meet the 8 PayPal execs shaping the payment giant's future as its stock skyrockets and e-commerce surges

Digital payments have taken off amid the coronavirus pandemic, with consumers and merchants alike looking for more ways to digitize the way they pay, both online and in-person. PayPal has seen record transaction volumes and sign-ups this year. PayPal is set to report second-quarter earnings on Wednesday, July 29th. "The steps we've taken over the last several years have positioned us to extend our market leadership in the digital payments industry," PayPal's president and CEO Dan Schulman said...
Tags: Amazon, Facebook, Mark Zuckerberg, Asia, Ebay, China, Singapore, Digital, US, Trends, Walmart, Paypal, American Express, North America, Amex, North Carolina


POWER PLAYERS: Meet the 8 PayPal execs shaping the payment giant's future as its stock rockets to record highs and e-commerce surges

Digital payments have taken off amid the coronavirus pandemic, with consumers and merchants alike looking for more ways to digitize the way they pay, both online and in-person. PayPal has seen record transaction volumes and sign-ups this year. "The steps we've taken over the last several years have positioned us to extend our market leadership in the digital payments industry," PayPal's president and CEO Dan Schulman said during its first-quarter earnings call. Here are the 8 execs driving Pay...
Tags: Amazon, Facebook, Mark Zuckerberg, Asia, Ebay, China, Singapore, Digital, US, Trends, Paypal, American Express, North America, Amex, North Carolina, ESG


What COVID-19 means for the future of commerce, capitalism and cash | Dan Schulman

Capitalism needs an upgrade, says PayPal CEO Dan Schulman, and it starts with paying people enough to actually invest in their futures. He discusses why companies need to cultivate trust to recover and rebuild after the COVID-19 pandemic -- and how we can use this defining moment to create a more inclusive, ethical economy. (This virtual conversation, hosted by TED business curator Corey Hajim and current affairs curator Whitney Pennington Rodgers, was recorded on May 19, 2020.) [Author: contact...
Tags: Paypal, Higher Education, Speaking, Dan Schulman, Whitney Pennington Rodgers, Corey Hajim


The future of capitalism, commerce and cash | Dan Schulman

Capitalism needs an upgrade, says PayPal CEO Dan Schulman, and it starts with paying people enough to actually invest in their futures. He discusses why companies need to cultivate trust to recover and rebuild after the COVID-19 pandemic -- and how we can use this defining moment to create a more inclusive, ethical economy. (This virtual conversation, hosted by TED business curator Corey Hajim and current affairs curator Whitney Pennington Rodgers, was recorded on May 19, 2020.) [Author: contact...
Tags: Paypal, Higher Education, Speaking, Dan Schulman, Whitney Pennington Rodgers, Corey Hajim


Virtual ice-breakers and weekly wellness surveys: PayPal's head of talent lays out how the payment giant is hiring and training new employees and interns

As firms in virtually every industry get accustomed to working from home, remote hiring presents a unique challenge for recruiters and job-seekers, alike. On May 1st, PayPal saw a record number of transactions as digital payments surge. In addition to hiring remotely, PayPal will host its 350 summer interns virtually. PayPal's global head of talent expects that some elements of today's environment will stick, like increased communication from senior leadership and more flexible policies about ...
Tags: Facebook, Trends, Paypal, Silicon Valley, Denver, Venmo, Brown, Dallas Atlanta, Dan Schulman, Tracy Brown, Stripe Square


PayPal parts ways with CMO and former Apple executive Allison Johnson after 18 months

PayPal Chief Marketing Officer Allison Johnson left the company this week after fewer than 18 months in the role. Johnson was formerly the vice president of marketing communications at Apple and reported directly to Steve Jobs. A PayPal spokesperson said her departure was part of an effort to simplify PayPal's global marketing department. People with knowledge of the business said Johnson established the company's creative lab and sought to elevate the brand amid increasing competition from Ap...
Tags: Apple, Microsoft, Steve Jobs, San Francisco, Trends, CMO, Paypal, Ibm, Johnson, Wall Street Journal, Braintree, Omnicom, Apple Amazon, Dentsu, Dan Schulman, Apple Amazon Microsoft


PayPal parts with CMO and former Apple executive Allison Johnson after 18 months

CMO Allison Johnson left PayPal this week after fewer than 18 months in the role. Johnson formerly was VP of marketing communications at Apple and reported directly to Steve Jobs. A PayPal spokesperson said her departure was part of an effort to simplify PayPal's global marketing department. People with knowledge of the business said Johnson established the company's creative lab and sought to elevate the brand as it faces increasing competition from Apple, Square, and Microsoft. Click here fo...
Tags: Apple, Microsoft, Steve Jobs, San Francisco, Trends, CMO, Paypal, Ibm, Johnson, Wall Street Journal, Venmo, Braintree, Omnicom, Apple Amazon, Dentsu, Dan Schulman


From virtual ice-breakers to weekly wellness surveys, PayPal's head of talent lays out what remote work will look like for interns and new hires

As firms in virtually every industry get accustomed to working from home, remote hiring presents a unique challenge for recruiters and job-seekers, alike. On May 1st, PayPal saw a record number of transactions as digital payments surge. In addition to hiring remotely, PayPal will host its 350 summer interns virtually. PayPal's global head of talent expects that some elements of today's environment will stick, like increased communication from senior leadership and more flexible policies about ...
Tags: Facebook, Trends, Paypal, Silicon Valley, Denver, Venmo, Brown, Dallas Atlanta, Dan Schulman, Tracy Brown, Stripe Square


PayPal is hiring as digital payments boom. From virtual ice-breakers to weekly wellness surveys, its head of talent lays out what to expect when you join remotely.

While companies across several industries are furloughing and laying off staff amid the coronavirus pandemic, PayPal is hiring. On May 1st, PayPal saw a record number of transactions as digital payments surge. In addition to hiring remotely, PayPal will host its 350 summer interns remotely. PayPal's global head of talent expects that some elements of today's environment will stick, like increased communication from senior leadership and more flexible policies about remote work. Click here for ...
Tags: Facebook, Trends, Paypal, Silicon Valley, Denver, Venmo, Brown, Dallas Atlanta, Dan Schulman, Tracy Brown, Stripe Square


PayPal, Intuit, & Square approved to offer loans to small businesses through coronavirus relief program

Fintech companies have been lobbying for weeks to be able to participate in the U.S. government’s emergency lending program for small businesses. Now those efforts have paid off, as PayPal, Intuit and Square have all been approved to participate in the U.S. Small Business Administration’s (SBA) Paycheck Protection Program, which provides aid in the form of forgivable loans for small businesses that keep all employees on their payroll for at least eight weeks. The $350 billion small business l...
Tags: TC, Small Business, Congress, Nbc News, Tech, Paypal, Square, PPP, Intuit, Fintech, Kabbage, U S Treasury, Congressional, SBA, U S Small Business Administration, Goodarzi


From Elon Musk to Tim Cook, here's where the world's most influential tech founders and CEOs went to college — and what they studied

College is where many figure out what they're actually interested in and determine the career they want to pursue. We researched the degrees and schools attended by well-known tech CEOs, many of whom launched their companies or landed on the idea for their first startup while studying at college. Here's where 52 CEOs and founders in the tech industry went to school, and what they studied. Visit Business Insider's homepage for more stories. For new college students, choosing a major can feel l...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Europe, Elon Musk, Cook, Sweden, Maryland, Microsoft, Yahoo, Mba, Stanford, India, Satya Nadella, Trends


PayPal completes GoPay acquisition, allowing the payments platform to enter China

PayPal this morning announced it has completed its acquisition of a 70% equity stake in GoPay (Guofubao Information Technology Co. [GoPay], Ltd.), making PayPal the first foreign payment platform to provide online payment services in China. The transaction was approved by the People’s Bank of China on September 30 and has now closed. Deal terms have not been disclosed. GoPay has licenses for both online and mobile transactions, and mainly provides payment products for industries including ...
Tags: Finance, China, US, Tech, Paypal, Mobile Payments, American Express, Payments, Mastercard, People s Bank of China, Frost Sullivan, Dan Schulman, Digital Payments, China Visa, Gopay, GoPay Guofubao Information Technology Co


PayPal to buy Honey for $4 bln

PayPal Holdings Inc said Nov. 20 that it agreed to buy Honey Science Corp for about $4 billion. Honey, of Los Angeles, is a technology platform for shopping and rewards. Honey has raised $37.67 million in venture funding, PitchBook said. PRESS RELEASE PayPal to Acquire Honey Advances PayPal’s leadership in digital commerce Enhances PayPal’s value proposition with an extensive set of consumer commerce capabilities Drives increased sales and conversion for PayPal’s merchants SAN JOSE, Calif., Nov....
Tags: Trends, Paypal, M&a, SEC, Financial Services, Venmo, Securities And Exchange Commission, Honey, SAN JOSE Calif, GAAP, PST, PitchBook, Skadden Arps Slate Meagher Flom LLP, PYPL, PayPal Holdings Inc, Dan Schulman


PayPal plans to acquire shopping and deal-hunting platform Honey for $4 billion, its largest acquisition to date.

PayPal announced that it will buy shopping and rewards platform Honey for $4 billion, its largest acquisition to date.  Buying Honey allows PayPal to establish a foothold in a new area of the market.  PayPal's stock price dropped more than 2% in extended trading after the announcement. Visit Business Insider's homepage for more stories. Online payments giant PayPal announced Wednesday that it plans to buy Honey, a company that makes browser add-ons for its customers, for $4 billion. The acqui...
Tags: La, China, Trends, Paypal, GAAP, Dan Schulman, Buying Honey, Hyperwallet IZettle, Simility PayPal


PayPal to acquire shopping and rewards platform Honey for $4B

PayPal announced today it has agreed to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4 billion, mostly cash. The acquisition, which is PayPal’s largest to date, will give the payments giant a foothold earlier in the customer’s shopping journey. Instead of only competing on the checkout page against credit cards or Apple Pay, for example, PayPal will leap ahead to become a part of the deal discovery process, as well. Currently, ...
Tags: Apple, Amazon, Fundings & Exits, Startups, Mobile, Ecommerce, Pinterest, Shopping, Finance, Tech, Paypal, Tim Cook, Retail, Payments, Acquisition, Xoom


Venmo to launch its first credit card in 2020

Venmo announced today its plans to launch its first-ever credit card. The card is being issued partnership with Synchrony, already the issuer behind Venmo parent company PayPal’s Extras Mastercard and Cashback Mastercard, in an expanded relationship. The move is meant to help Venmo, a still unprofitable arm of PayPal’s larger business, generate more revenue. PayPal’s plans in this space were reported in April of this year by The WSJ, which said the company had been taking meetings with variou...
Tags: Finance, Tech, Paypal, Credit, Payments, Credit Card, WSJ, Venmo, Mastercard, Lowe, Dan Schulman, Synchrony, Varo, PayPal s Extras Mastercard, Cashback Mastercard


PayPal makes a big marketplace play with its $500M investment in Uber

Uber’s announcement of its IPO pricing earlier today came with a $500 million belated Easter egg. The payments giant PayPal is making a half-billion-dollar investment at the company, paying $47 per share, which gives the company a valuation of $78.8 billion (in the middle of the range of Uber’s IPO pricing of $44-$50 per share). Neither Uber nor PayPal gave much detail about the the $500 investment. Uber’s S-1 and a short statement on LinkedIn from PayPal’s CEO Dan Schulman both used the s...
Tags: Amazon, TC, Ecommerce, Uber, Australia, Ebay, Funding, US, Tech, Walmart, Paypal, Alibaba, Argentina, Marketplaces, Latin America, South East Asia


Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership

Uber, the transportation-on-demand behemoth, today filed its much-anticipated updated S-1 today where it announced that it would be pricing its initial public offering at $44-50 per share. Selling 180M common shares, Uber plans to raise between $7.9 billion and $9 billion ahead of its public debut on the NYSE, valuing it at $84 billion — squarely in the middle of the $80-90 billion that was projected as late as yesterday. With the greenshoe, shareholders selling shares in the IPO, it could raise...
Tags: TC, Lyft, Uber, Australia, Ebay, Ipo, US, Tech, Paypal, United States, Alibaba, New York Stock Exchange, Latin America, Nyse, EBITDA, DENSO


PayPal is investing $500 million into Uber as part of the ride-hailing firm's $90 billion IPO

Uber has set a price range for its upcoming float of $44 to $50 a share. At the high end, this would peg Uber's valuation at $84 billion based on the shares available after the offering. In its amended SEC filing on Friday, Uber said PayPal was buying $500 million in stock at IPO price. Visit Business Insider's homepage for more stories. PayPal will invest $500 million in Uber, the ride-hailing company revealed in an updated IPO filing on Friday. Uber is preparing to go public on the New York...
Tags: Lyft, Uber, Elon Musk, New York, Ipo, US, Trends, Paypal, Alibaba, SEC, Wall Street Journal, Dan Schulman, Dara Khosrowshahi, PayPal Inc


PayPal to invest $750M, and Dragoneer $100M into MercadoLibre, Argentina’s e-commerce powerhouse

It’s not only SoftBank that’s eyeing up the opportunity to tap into the quickly expanding market for e-commerce in Latin America. MercadoLibre, a marketplace and financial services powerhouse based out of Argentina and serving 18 countries across the region, has announced that PayPal is investing $750 million, and VC Dragoneer another $100 million, as part of a $1.8 billion equity offering to grow its business — specifically to expand the functionality of its e-commerce platform; improve its log...
Tags: Amazon, TC, Ecommerce, Marketplace, Finance, India, Softbank, Funding, US, Tech, Paypal, Alibaba, Argentina, Goldman Sachs, Morgan Stanley, Instacart


PayPal revenues miss but growth is strong from new acquisitions

PayPal revenues miss but strong growth from its recent iZettle and Hyperwallet acquisitions and booming business at Venmo point to a strong outlook for the payments giant. In all PayPal saw revenues for the quarter of $4.23 billion against analysts estimates of $4.24 billion, according to data from Yahoo Finance. Earnings per share at the company were up to 69 cents versus analysts’ expectations of 62 cents on a non-GAAP basis. For the full year, PayPal saw revenue hit $15.45 billion versus anal...
Tags: TC, Tech, Paypal, Venmo, GAAP, Dan Schulman, Hyperwallet, Yahoo Finance Earnings


PayPal offering cash advances to federal workers affected by shutdown

As the U.S. government shutdown drags on, a California tech giant is pitching in: PayPal is offering interest-free cash advances of up to $500 to each affected federal employee. The San Jose-based payments company will make up to $25 million in cash advances available to any existing or new PayPal Credit customers, it said in an announcement Friday. “No matter where you stand on the issues, the fact is that 800,000 of our fellow Americans suddenly find themselves without a paycheck,” PayPal CEO ...
Tags: Business, Politics, Technology, News, California, California News, San Francisco, Sport, Paypal, Soccer, San Jose, Wells Fargo, Dan Schulman, Schulman, PayPal Credit, Top Stories LADN


PayPal and American Express expand partnership, will allow use of points for PayPal purchases

PayPal this week announced an expanded relationship with American Express that will allow cardholders to use their Membership Rewards points when shopping from PayPal merchants, as well as more integrated experience within both PayPal and the Amex apps, among other things. The deal is similar to those PayPal earlier struck with Visa and MasterCard., and follows a series of partnerships it has made across the industry, including others with Apple, Google, Samsung, and, most recently, Walmart, ...
Tags: Apple, Finance, Tech, Walmart, Paypal, American Express, Payments, Amex, Venmo, Mastercard, American Express Membership Rewards, Dan Schulman, Apple Google Samsung, American Express Token Service


PayPal beats on earnings, revenue, and guidance (PYPL)

PayPal beat on both the top and bottom lines in the third quarter. The company's Q4 adjusted earnings-per-share guidance topped estimates. Shares were little changed following the results. Watch PayPal trade in real time here. PayPal's third-quarter earnings beat Wall Street estimates on both the top and bottom lines, and the company raised its full-year adjusted earnings-per-share forecast. Shares were little changed in after-hours trading on Thursday.  The digital-payments company earned an...
Tags: Trends, Walmart, Bloomberg, Paypal, American Express, Dan Schulman


Walmart will now allow shoppers to access PayPal cash in stores

Walmart and PayPal this morning announced a partnership that will see the two collaborating on financial services and products, including new PayPal cash in and cash out services at Walmart stores, as well as the ability for PayPal Cash MasterCard customers to access their cash balance in-store at service desks, ATMs and cash registers. The PayPal cash in and cash out money services will cost customers a $3 service fee, the companies say, as will the ability to pull cash out from MasterCard whil...
Tags: Apple, Startups, Samsung, Walmart, Paypal, Mastercard, Dan Schulman, PayPal Cash MasterCard


PayPal Takes Bold Steps With Partnerships, Acquisitions, Mobile Tech

PayPal dominates the online payments industry with 250+ million accounts, and is leveraging its massive scale to boost the economy and provide access to under-served populations with loans of more than $5 billion to 15,000 small businesses since 2013. Today, PayPal moved closer towards our mission of democratizing global financial services with the announcement of 250M+ consumer and merchant active accounts. Read more about this milestone here. https://t.co/rss4wQi5Y1 pic.twitter.com/czuYDMl0K...
Tags: Google, Europe, Australia, Germany, Advertising, Bank Of America, Paypal, Virgin Group, Richard Branson, Latin America, Venmo, Mastercard, Virgin Mobile, US UK, Dan Schulman, Schulman


PayPal's booming growth is more than just Venmo (PYPL)

PayPal has impressive core growth trends alongside strong Venmo trends, Jefferies analysts said. App downloads from PayPal platforms exceed that of most industry peers.  The company's second-quarter daily average users are twice that of its competitor Square. Watch PayPal trade in real-time here. PayPal's booming growth is more than just Venmo, according to a group of analysts at Jefferies. "We believe PayPal’s mobile initiatives, and more specifically Venmo monetization, reflect a key ...
Tags: Ebay, US, Trends, Paypal, Adyen, Jefferies, Venmo, Xoom, Hecht, Dan Schulman, Paypal Venmo, John Hecht, Venmo PayPal Mobile Xoom, PayPal Mobile


Corner Office: Dan Schulman of PayPal on Guns, Cash and Getting Punched

A New Jersey native whose mother took him to civil rights marches says companies and chief executives “have a moral obligation to try to be a force for good.”
Tags: News, Martial Arts, Paypal, New Jersey, Corner Office, Dan Schulman, Schulman, Computers and the Internet, Daniel H


Millionaires, billionaires, and tech titans are swarming to Sun Valley, Idaho — here's a look at who's attending Allen & Co.'s annual mogul fest

It's that time of year again: the annual Allen & Company Sun Valley Conference, otherwise known as "summer camp for billionaires." The conference, which happens every July, attracts investors, moguls, and titans from industries ranging from tech to entertainment to sports. It's an opportunity for industry power players to talk business,  make deals — the conference is credited with  kindling major mergers  like Comcast and NBC Universal — and unwind in a beautiful mountain lodge.  This year, p...
Tags: Facebook, Mark Zuckerberg, Trends, Paypal, Netflix, Comcast, Tim Cook, Susan Wojcicki, Nbc Universal, Reed Hastings, Allen, Sun Valley, Sun Valley Idaho, Creative Artists Agency, Dan Schulman, Jonathan Nelson