How PayPal is Taking "Awkward" Out of Asking Friends for Money
In November, PayPal launched a new service that lets people collect and keep track of money for a variety of causes. The feature is called "Money Pools." Pablo Rodriguez, Senior Director of Global Consumer Initiatives at PayPal, explains how the feature differentiates itself in the mobile payment space.
Rodriguez says PayPal's mission is to help everyone move and manage money, especially during the busy holiday season. Money Pools alleviates the awkwardness of asking people for money, he explains, because people are becoming so much more comfortable with using mobile to make payments.
More people shopped online during the holiday shopping season. According to a recent survey by PayPal, 47 percent of people prefer to shop on mobile. Rodriguez says mobile is not only on the rise, it's also becoming the first place consumers turn to connect with merchants.
Much like all the upheaval shaking the world, the huge swings rocking Wall Street may feel far from normal. But, for investing at least, this is normal.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
