Paypal Holdings - PYPL STOCK NEWS

Investor's Business Daily has released its first Best Digital Wallets list, with Apple Pay taking the top spot, followed by Zelle, Amazon Pay, PayPal (PYPL), and Google Pay. The rankings were based on a survey of over 6,000 users evaluating services on categories such as ease of use, customer service, fair prices, security, and transaction speed. All top five wallets scored above 71.1 out of 100, indicating strong customer satisfaction, while the sixth position earned 65.9, significantly lower than the top five.

Nashville Metro Water Services has launched a new online billing and payment portal in collaboration with InvoiceCloud, a solution by EngageSmart (NYSE: ESMT). This portal, introduced on February 23, offers enhanced options like payments via Apple Pay, Google Pay, PayPal (NASDAQ-NMS: PYPL), and Venmo, while maintaining free eCheck usage. The initiative aims to improve customer satisfaction by delivering a seamless payment experience, reflecting Nashville's tech-savvy community needs. Assistant Director Shannon Frye emphasized the focus on customer preferences in their digital service offerings.

SFOX, a digital asset prime dealer, has received approval from Wyoming to operate as the first cryptocurrency firm with a trust charter. This allows SFOX to offer a comprehensive range of investment, trade execution, and custodian services to institutional and private clients, enhancing its market position as a reliable financial service provider. The charter will enable unique services like staking and better accessibility for smaller firms. SFOX also recently achieved a milestone by clearing the first-ever crypto NDF contract.

PCI Pal recently released a survey highlighting Canadians' concerns about data security in payments post-COVID-19. With over 1,000 respondents, it found that 85% believe trust in a company's security directly impacts their spending. 78% would cease spending with a company after a breach. Trust can be rebuilt, but organizations must show they've improved security. The report also reveals that 36% of consumers vet security practices before providing personal information, emphasizing the importance of secure payment processes in maintaining customer trust.

PayPal Holdings (NASDAQ: PYPL) announced that it has been notified of an unsolicited mini-tender offer by Tutanota LLC seeking to purchase 360,000 shares of PayPal stock at $125 per share. This price is contingent on PayPal's stock exceeding $125 on the last trading day before the offer expires on March 18, 2022. PayPal advises stockholders against tendering shares as the offer presents below-market pricing and is subject to various conditions that may not be met. Tutanota’s offer lacks the full disclosure requirements mandated by SEC rules due to its small size.

The City of Denton, TX, has partnered with InvoiceCloud, a solution of EngageSmart (NYSE: ESMT), to launch a new digital payment portal for utility customers. This initiative, launched on February 17, aims to enhance online and text payment options for 140,000 residents. The portal supports various payment methods, strengthening the city’s push for paperless billing, currently adopted by only 30% of customers. The city anticipates improved customer engagement and reduced processing time for city staff.

Mastercard has launched the Mastercard Send Partner Program, aiming to enhance real-time digital payments through collaboration with 16 initial partners across various regions including the U.S., Europe, and Asia Pacific. This program supports banks and fintechs to embed Mastercard Send into their services, enhancing customer control over finances and driving acquisition. Partners will receive resources for sales enablement, training, and technical support, with plans to expand the program throughout 2022. The initiative supports numerous use cases, including healthcare and gig economy payments.

Mr. Cooper Group Inc. (NASDAQ: COOP) appointed Daniela Jorge to its board of directors. Currently the Vice President and Chief Design Officer at PayPal (NASDAQ: PYPL), Jorge brings over 15 years of experience in user experience design from top brands like PayPal, AT&T, eBay, and Intuit. Chairman and CEO Jay Bray expressed that Jorge's expertise will enhance customer satisfaction. Jorge aims to help transform the home loan experience, focusing on customer-centric innovation as Mr. Cooper continues to evolve in the mortgage industry.

The City of Hagerstown, MD, has partnered with InvoiceCloud to launch a new digital payment portal for residents, enhancing online bill payment options.

This initiative, effective from January 31, allows over 40,000 residents to pay bills via various methods including phone, text, ApplePay, GooglePay, PayPal, and Venmo.

The move aims to improve customer satisfaction and efficiency, reducing the 30% of customer service calls related to payments.

The service is free for customers, as Hagerstown will absorb any convenience fees.