Get the latest tech news

A failure of security systems at PayPal is causing concern for German banks

A failure of security systems at PayPal is currently causing concern for numerous German banks and private customers. A vast number of payments are reportedly being blocked, with merchants waiting on funds in the billions.

According to the "Süddeutsche Zeitung," banks noticed the unusually high volume of direct debits from PayPal on Monday, which appeared suspicious or fraudulent. As stated by the news agency News5, not only online shop payments were affected; customers are currently experiencing difficulties using PayPal at supermarket checkouts and in retail stores as well. The company's site states: "Over the weekend, there was a temporary service interruption that led to delays in transactions for a small number of accounts.

Get the Android app