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Technology Stocks : PayPal Inc. - PYPL
PYPL 75.65+1.9%5:20 PM ESTNews

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From: Sr K12/2/2017 1:39:12 AM
   of 99
 
on WSJ

PayPal Says Personal Data May Be Compromised for 1.6 Million TIO Users

PayPal paid roughly $238 million in cash to acquire bill-payment-services company TIO in a deal that closed in July

By Peter Rudegeair

Updated Dec. 1, 2017 7:48 p.m. ET

PayPal Holdings Inc. said Friday that personally identifiable information for roughly 1.6 million users has potentially been compromised at a company it acquired earlier this year.

Last month, the payments firm suspended operations, pending a security review, of its TIO Networks unit. That company makes digital bill-payment tools for utilities and other firms and also operates a network of kiosks in physical retail stores.
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