Pay. Pal - Wikipedia. Pay. Pal Holdings, Inc. Type of site. Financial. Available in. Multilingual. Traded as. Founded. December 1. 99. 8; 1. Confinity)1. 99. 9; 1. X. com. Predecessor(s)Confinity, X. Headquarters. 22. North First Street,San Jose, California, U. S. Coordinates. 37°2. N1. 21°5. 5′2. 1″W / 3. N 1. 21. 9. 22. 6°W / 3. Coordinates: 3. 7°2. N1. 21°5. 5′2. 1″W / 3. N 1. 21. 9. 22. 6°W / 3. Area served. Worldwide.
Comments by nkkaxvRex from on Wednesday, September 6, 2017. Early history. PayPal was established in December 1998 as Confinity, a company that developed security software for handheld devices founded by Max Levchin, Peter. Founder(s)Key people. Industry. Financial services. Products. Credit cards, payment systems. Revenue. US$1. 0. Operating income. US$1. 5. 86 billion (2. Net income. US$1. Total assets. US$3. Total equity. US$1. Employees. 18,1. 00 (2. Parente. Bay (2. 00. Independent (2. 01. Subsidiaries. Braintree. Paydiant. Venmo. Pay. Pal Credit. Xoom Corporation. TIO Networkscard. Websitewww. paypal. Alexa rank 5. 2 (November 2. Advertising. No. Registration. Yes. Users 1. 88 million (2. Launched. December 1. Current status. Active. Native client(s) on. Androidi. OSWindows. Written in. C++,[4]Java. Script (as Node. js),[5]Python[6]. Pay. Pal's corporate headquarters in San Jose, California. Bay, Pay. Pal, Kijiji and Stub. Hub in Toronto. Pay. Pal Holdings, Inc. American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. Pay. Pal is one of the world's largest Internet payment companies.[7] The company operates as a payment processor for online vendors, auction sites and other commercial users, for which it charges a fee. Established in 1. Pay. Pal had its initial public offering in 2. Bay later that year.[9][1. In 2. 01. 4, e. Bay announced plans to spin- off Pay. Pal into an independent company by mid- 2. July 1. 8, 2. 01. History[edit]Early history[edit]Pay. Pal was established in December 1. Confinity,[1. 2] a company that developed security software for handheld devices[1. Max Levchin, Peter Thiel, Luke Nosek and Ken Howery.[1. Pay. Pal was developed and launched as a money transfer service at Confinity in 1. John Malloy from Blue. Run Ventures.[1. 5][1. In March 2. 00. 0, Confinity merged with X. Elon Musk.[1. 7] Musk was optimistic about the future success of the money transfer business Confinity was developing.[1. Musk and then- president and CEO of X. Bill Harris, disagreed on this point and Harris left the company in May 2. In October of that year, Musk made the decision that X. Internet banking operations and focus on the Pay. Pal money service.[1. The X. com company was then renamed Pay. Pal in 2. 00. 1,[2. Pay. Pal public in 2. Paypal's IPO listed under the ticker PYPL at $1. Bay subsidiary (2. Shortly after Pay. Pal's IPO, the company was acquired by e. Bay in July 2. 00. IPO price.[1. 9][2. More than 7. 0 percent of all e. Bay auctions accepted Pay. Pal payments, and roughly 1 in 4 closed auction listings were transacted via Pay. Pal.[2. 5] Pay. Pal became the payment method used by a majority of e. Bay users (it was also the default choice), and the service competed with e. Bay's subsidiary Billpoint, as well as Citibank's c. Yahoo!'s Pay. Direct, Google Checkout and Western Union's Bid. Pay service, all of which closed in subsequent years. Pay. Pal acquired the Veri. Sign payment solution in 2. In 2. 00. 7, Pay. Pal announced a partnership with Master. Card that led to the development and launch of the Pay. Pal Secure Card service, a software that allows customers to make payments on websites that do not accept Pay. Pal directly by generating a unique, single- use Master. Card number for each checkout.[2. By the end of 2. 00. In January 2. 00. Pay. Pal acquired Fraud Sciences, a privately held Israeli start- up company with expertise in online risk tools, for $1. Pay. Pal's proprietary fraud management systems.[3. In November 2. 00. Bill Me Later, an online payments company offering transactional credit at over 9. US.[3. 1] Pay. Pal revenues for Q1 2. Q1 2. 00. 9 were from international markets. Pay. Pal's Total Payment Volume (TPV), the total value of transactions in Q1 2. By 2. 01. 0, Pay. Pal had over 1. 00 million active user accounts in 1. In July 2. 01. 1, fourteen alleged members of the Anonymoushacktivist group were charged with attempting to disrupt Pay. Pal's operations. The denial of service attacks occurred in December 2. Pay. Pal stopped processing donations to Wikileaks. On December 5, 2. Pay. Pal 1. 4 pleaded guilty to misdemeanor and felony charges related to the attacks.[3. The company continued to focus on international growth and growth of its Merchant Services division, providing e- payments for retailers on e. Bay. In 2. 01. 1, Pay. Pal announced that it would begin moving its business offline so that customers can make payments via Pay. Pal in stores.[3. In August 2. 01. 2, the company announced its partnership with Discover Card to allow Pay. Pal payments to be made at any of the 7 million stores in Discover Card's network.[3. By the end of 2. 01. Pay. Pal's total payment volume processed was US$1. Bay's revenue, amounting to US$1,3. In 2. 01. 3, Pay. Pal acquired Iron. Pearl, a Palo Alto startup offering engagement software,[4. Braintree, a Chicago- based payment gateway, to further product development and mobile services.[4. In June 2. 01. 4 David Marcus announced he was leaving his role[4. Pay. Pal President; Marcus joined Pay. Pal in August 2. 01. Zong, of which he was the founder and CEO.[4. David Marcus succeeded Scott Thompson as president, who left the role to join Yahoo.[4. Pay. Pal announced that Marcus would be succeeded by Dan Schulman, who previously served as CEO of Virgin Mobile and Executive vice president of American Express.[4. Spin- off from e. Bay[edit]It was announced on September 3. Bay would spin off Pay. Pal into a separate publicly traded company, a move demanded in 2. Carl Icahn. The spin- off was completed on July 1. Dan Schulman is the current President and CEO, with former e. Bay CEO John Donahoe serving as chairman.[4. Acquisition of Xoom Corporation[edit]On July 1, 2. Pay. Pal announced that it was acquiring digital money transfer company Xoom Corporation. Pay. Pal spent $2. Xoom, or about $1. The deal was closed in the fourth quarter of 2. The move strengthened Pay. Pal’s international business, giving it access to Xoom’s 1. U. S. customers that sent about $7 billion in the 1. March 3. 1, to people in 3. Pay. Pal. Me[edit]On September 1, 2. Pay. Pal launched their peer- to- peer payment platform "Pay. Pal. Me", a service that allows users to send a custom link to request funds via text, email, or other messaging platforms.[5. Custom links are set to be structured as Pay. Pal. me/username/amountrequested.[5. Pay. Pal. Me was launched in 1. United States, United Kingdom, Germany, Australia, Canada, Russia, Turkey, France, Italy, Spain, Poland, Sweden, Belgium, Norway, Denmark, Netherlands, Austria and Switzerland.[5. Pay. Pal had 1. 70 million users, as of September 2. Pay. Pal. Me was to create a mobile- first user experience that enables faster payment sharing than Pay. Pal's traditional tools.[5. In June 2. 01. 6, it was announced that Pay. Pal had joined the Fortune 5. Acquisitions[edit]Acquisition date. Company. Price. Refs. Jan 2. 8, 2. 00. 8Fraud Sciences$1. M[5. 3]Oct 6, 2. 00. Bill Me Later$9. 45. M[5. 4]Apr 2. 0, 2. Where. com$1. 35 M[5. Apr 2. 8, 2. 01. 1Fig. Card- [5. 6]Oct 1. Zong$2. 40. M[5. 7]Jul 1. Apr 1. 3, 2. 01. 3Iron. Pearl- [5. 3]Sep 2. Braintree$8. 00. M[5. Sep 2. 6, 2. 01. 3Venmo- Dec 1. Stack. Mob- [5. 3]Mar 2, 2. Paydiant$2. 80. M[5. Mar 5, 2. 01. 5Cy. Active$6. 0M[5. 3]Jul 2, 2. Xoom Corporation$8. M[5. 3]Aug 1. 9, 2. Modest Inc- [5. 3]Feb 1. TIO Networks$2. 33. M[5. 3]Aug 1. 0, 2. Swift Financial- [5. Offices[edit]Pay. Pal's corporate headquarters are located in San Jose, California,[3. North First Street campus.[5. The company's operations center is located in Omaha, Nebraska, which opened in 1. Since July 2. 00. Pay. Pal has operated across the European Union as a Luxembourg- based bank. The Pay. Pal European headquarters are located in Luxembourg and the international headquarters are in Singapore. Pay. Pal opened a technology center in Scottsdale, Arizona in 2. Chennai, India in 2. In October 2. 00. Pay. Pal opened a data service office on the north side of Austin, Texas,[6. La Vista, Nebraska that same year.[6. In 2. 01. 1, joining similar customer support operations located in Berlin, Germany; Chandler, Arizona; Dublin, Ireland; Omaha, Nebraska; and Shanghai, China; Pay. Pal opened a second customer support center in Kuala Lumpur, Malaysia, and began the hiring process.[6.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |