I changed the headline to be a bit clearer, since the original makes it seems like the Banks just decided to block regular Paypal payments. However, this was specifically billions worth of...
I changed the headline to be a bit clearer, since the original makes it seems like the Banks just decided to block regular Paypal payments. However, this was specifically billions worth of fraudulent, unauthorised direct debit payments being sent to Russia that were blocked.
Ah, true. I hadn't considered that, and the article doesn't exactly make it clear either. :/ I can revert it if you think the original is actually more accurate.
Ah, true. I hadn't considered that, and the article doesn't exactly make it clear either. :/ I can revert it if you think the original is actually more accurate.
European banks have seen widespread unauthorised direct debits from PayPal accounts, the German Savings Banks Association (DSGV) says.
The German newspaper Sueddeutsche Zeitung (SZ) says payments worth in the region of 10 billion euros (£8.6bn) have had to be blocked, after PayPal's fraud-checking system failed.
It said payments were paused on Monday when lenders reported millions of suspicious direct debits from the payment firm.
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The DSGV said PayPal had "acknowledged the disruptions" and "assured" it had resolved the problem.
"Payment transactions to and from PayPal have been running normally again," it said.
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According to SZ, PayPal's filter system did not work properly on Monday, resulting in unchecked direct debits being sent to banks alongside legitimate ones.
I changed the headline to be a bit clearer, since the original makes it seems like the Banks just decided to block regular Paypal payments. However, this was specifically billions worth of fraudulent, unauthorised direct debit payments being sent to Russia that were blocked.
It's unclear to me whether there were that many fraudulent payments, or whether they blocked all Paypal payments until Paypal fixed their outage.
Ah, true. I hadn't considered that, and the article doesn't exactly make it clear either. :/ I can revert it if you think the original is actually more accurate.
I updated it. It’s hard to get everything into a headline.
From the article:
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