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.