PayPal files with Utah and the FDIC to launch PayPal Bank, an industrial loan company offering small business lending and FDIC-insured savings accounts.

PayPal can be used like a bank in some ways, with tools for spending, saving and accessing cash — but it’s a fintech company, not a regulated bank. Some PayPal funds are FDIC-insured up to $250,000 ...

The online payment service Paypal enables small businesses to send electronic payments without a credit card and receive electronic payments without a merchant account. Because Paypal can connect to ...

Confirming your company bank account can lift withdrawal limits and helps to verify your identity to PayPal by proving that you own the bank account on file. PayPal provides two methods of proving ...

PayPal is quickly moving beyond payments and now looking to directly get into banking in the US. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images) When PayPal announced in ...

PayPal Bank could be the company's next move in the US, subject to approvals SMB loans and interest-bearing savings accounts are in the pipeline Former Toyota finance exec appointed as the Bank's ...

PayPal is on its way to becoming a bank, and it would soon bring the said features to the payment application, which is now widely used worldwide to settle online or in-store fees. Its latest update ...

PayPal Holdings (PYPL) submitted applications to the Federal Deposit Insurance Corp. and Utah's Department of Financial Institutions to form a Utah-chartered industrial loan company, in a move to ...