Define what Technology Innovation is, then talk about it in terms of online payment system and Paypal. Find critics so if they have had hack threats, how consumers have had problems with it, any future problems they may face and how safe is paypal to use.
Include the following:
Paypal Payment Security
Length: 2 pages (628 Words)
PayPal Payment Security
In the current world, there are constant technological innovations that aimed towards making the existing services are made more efficient for human use. In the older days, people used manual payment methods such as carrying cash around. The payment method has been faced with major challenges such as theft and inconvenience when money needs to be moved over long distances. To address the payment issue, PayPal is an effective money transfer and payment method.
Paypal Holdings Inc. is a company that serves customers worldwide, though American- based, by operating a technology platform company with the capability to enable mobile and digital payments for the users. The users can be both merchants and consumers. The platform operates in such a way that the users are able to transfer money and access their money at a given service fee. The company operates and offers its money transfer services to 190 nations around the world.
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