PayPal Holdings, Inc. - PYPL STOCK NEWS

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.

Sardine has secured $19.5 million in Series A funding from notable investors including Andreessen Horowitz, NYCA, and Experian Ventures. The funding aims to bolster Sardine's capabilities in combating financial fraud, particularly in the crypto space. The company now serves over 50 clients, including major neobanks and crypto exchanges. Sardine has launched Instant ACH Transfers, reducing the waiting period for fund access from 3-7 days to immediate transactions. This innovation positions Sardine as a leader in fraud prevention, utilizing AI-driven technology to enhance security.

Aerospike achieved significant growth in 2021, doubling worldwide sales and tripling sales outside North America. The company's Cloud Managed Service experienced a remarkable 450% increase in sales. A record 4th quarter performance outpaced its own previous records. Notable customer additions included Criteo and Dream11, enhancing their global presence. With a new CEO, Subbu Iyer, and expansions in executive leadership, Aerospike is poised for continued growth. The company also earned high market validation with a 4.9 out of 5 rating on Gartner Peer Insights.