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VOL. 131 | NO. 179 | Wednesday, September 7, 2016

PayPal Expands Its Partnership With Mastercard

The Associated Press

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NEW YORK (AP) – PayPal and Mastercard signed a deal Tuesday that aims to make it easier for PayPal users to pay with a Mastercard.

The announcement comes after PayPal Holdings Inc. signed a similar deal with credit card issuer Visa Inc. in July.

Mastercard will be more prominently featured on PayPal's app and website and its other payment service, Venmo. It will also allow PayPal users to select a Mastercard as a default payment option.

Under the new deal, PayPal and Venmo users will also be able to transfer money to their Mastercard debit cards instantly. Previously, it would take a couple of days for the funds to be available in bank accounts.

The changes are expected to be made in the first half of 2017.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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PROPERTY SALES 79 396 11,921
MORTGAGES 90 443 13,870
FORECLOSURE NOTICES 10 70 1,928
BUILDING PERMITS 191 975 25,139
BANKRUPTCIES 56 289 7,762
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