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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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 80 80 6,019
MORTGAGES 107 107 7,199
FORECLOSURE NOTICES 0 0 1,115
BUILDING PERMITS 0 0 12,591
BANKRUPTCIES 53 53 4,400
BUSINESS LICENSES 28 28 2,391
UTILITY CONNECTIONS 0 0 2,540
MARRIAGE LICENSES 37 37 1,272

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