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PayPal Cash Plus accounts 鈥?the companys offering most like that of a traditional bank or credit union checking account 鈥?will soon be rebranded as PayPal Balance accounts, PayPal recently told customers.The name change will be automatic, a PayPal notice states, and f stanley cup eatures of the account wont change.PayPal lists features of the soon-to-be-called PayPal Balance accounts as including the ability to accept direct deposit of paychec stanley de ks; deposit checks by scanning them with the PayPal app; and get a PayPal Cash Card, which operates as a standard debit card. In addition, the firm tells users they can keep money in your balance to easily spend, send or hold for future purchases and also buy, sell or hold cryptocurrencies. The accounts, regardless of name, work alongside other PayPal services that include sending or receiving money and setting up what PayPal calls money pools. The stanley cup rebranding of the PayPal account that works like a bank account comes less than a week after PayPal tweaked its credit card-like buy now, pay later BNPL offerings around the world. The company announced it would drop late fees for customers who use the service, which is known by names including Pay in 4 in the United States, Pay in 3 in the United Kingdom, and Pay in 4X in France.Also read: PayPal To Drop BNPL Late FeesPayPal introduced its PayPal Credit Card back in August 2017 through a partnership with Synchrony Financial. In an interview with PYMNTS at the time, the companys then-director of cred Lmbj Taking A Delicate Approach To Property Managers AR Strategies
First Data, the commerce-enabling technology company and FLEETCOR stanley mugs Technologies, a global provider of fuel cards and workforce payment products to businesses, announced Monday Mar. 6 the formation of a joint venture that will consolidate their various gift solutions with an aim of driving value for their clients.In a press release, the companies said the joint venture combines the gift card businesses of both companies including First Datas core gift card business, Transactions Wireless, 聽and Gyft along with FLEETCORs Stored Value Solutions SVS prepaid card services and gift card program management assets.聽 We are combining the strengths of both our businesses to give clients the most robust gift offering available, said gourde stanley Frank Bisignano, First Data chairman and CEO, in the press release. The joint venture will focus on expanding gift card distribution solutions and bringing new value to clients in a competitive and rapidly grow stanley becher ing marketplace. 聽The combined revenue of the businesses that are to be contributed to the joint venture by both companies was $362 million in 2016, noted the companies in the release. First Data will own 57.5 percent of the joint venture, and FLEETCOR will own 42.5 percent.聽 We are delighted to enter into this agreement with First Data. By combining our SVS business with First Datas businesses, we will be able to serve our clients in a more integrated and more comprehensive fashion, said Ron Clarke, FLEETCOR Technologies Inc. chairman and CEO, in |
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