June 21, 2019

PayPal said that Bill Ready, the chief operating officer of the digital payments and technology platform, plans to step down at the end of 2019 to pursue entrepreneurial interests outside the company.

Ready originally joined the company in 2013, when ebay Inc. acquired payments platform Braintree Inc., for $800 million. Ready, who was chief executive officer of Braintree at the time, came over to run that company as a separate unit under PayPal, which ebay owned.

The Braintree acquisition brought mobile payment app Venmo under the PayPal umbrella. Ebay later announced in September 2014 that PayPal would be separated into its own company the following year.

Ready was named global head of product and engineering at PayPal in August 2015 was promoted to executive vice president and COO in September 2016.

"Since joining PayPal six years ago, I have had the privilege of working alongside many incredibly talented people, and I am proud of what we as a leadership team have accomplished together," said Ready said, as part of the announcement. "The transformative work we are doing has positioned PayPal for success well into the future."

Ready said he is excited for the company's future and is committed to ensuring a smooth transition over the coming months, according to the release.

"Bill will always be an important part of the PayPal story," Dan Schulman, president and chief executive officer of PayPal said in the announcement. "The Board and management team are grateful for his many contributions and for the customer focus, product excellence and culture of innovation he has helped to instill over the past six years."

Schulman said that Ready will continue to work with key partners and the company's leadership team until the end of 2019.

A spokesperson told Mobile Payments Today that a plan is in place to spread his duties around and the COO position would not be replaced upon his departure. 

"We have put in place a new structure that reflects our focus on our expanding platform of services and solutions," spokesperson Amanda Miller told Mobile Payments Today via email. "Under the new structure, we don't have current plans to replace the COO position."

Topics: Card Brands, Mobile Apps, Mobile Payments

Companies: Venmo, PayPal, eBay

Related Content

Latest Content

June 20, 2019

Par Technology Corp., a provider of point-of-sale technology for restaurants and retail stores, has entered an agreement to integrate its technology with SpeedETab, a mobile ordering and payment firm for the restaurant industry.

The partnership simpifes the workflow for ParTech's Brink POS customers by synchronizing menu information and reporting between its mobile app experience and POS, according to a company press release.

SpeedETab provides restaurants with branded mobile ordering, loyalty and engagement tools on a subscription basis to help retain customers in the face of third-party delivery apps, according to a company release. The technology does not require the use of any additional POS hardware or tablets.

"We're excited to team with PAR and be part of the Brink ecosystem to support restaurants of every size offer leading industry mobile app experiences that increase revenue, enhances the guest experience and strengthen's brand loyalty," Adam Garfield, co-founder and CEO of SpeedETab said in the release.

.

Topics: POS, Restaurants, Retail

Companies: PAR Technology Corporation

Related Content

Latest Content

June 20, 2019

HSBC Bank USA N.A. said it entered an agreement with San Francisco-based fintech Roostify on a new digital lending product.

Roostify, a digital lending startup, will integrate with HSBC to allow home buyers or existing owners either apply for a loan or refinance loans in real time by submitting an online application, sharing documents and getting results through a digital channel.                                                                   

"Digital plays a crucial role in supporting, enabling and driving our ambition of customer experience led growth,” Raman Muralidharan, head of mortgage, retail banking and wealth management at HSBC, said in a company release. "Customers are looking for the same ease of use and convenience for large transactions, like financing a home, that they’ve come to expect in other buying experiences.”

HSBC Bank USA is a unit of London-based HSBC group.

Topics: Mobile Banking, Regulatory Issues

Companies: HSBC Bank USA, N.A.

Related Content

Latest Content