Reserve Bank of India halts some PayPal services

02/10/2010 | NYTimes.com

The Reserve Bank of India said that despite the ubiquity of PayPal in the country, the online payment service is not properly registered. "Providers of cross-border money transfer service need prior authorization from the Reserve Bank under the Payment and Settlement Systems Act," according Alpana Killawalla, a spokeswoman for the Reserve Bank of India. "PayPal does not have our authorization."

View Full Article in:

NYTimes.com

Published in Brief:

SmartBrief Job Listings for Retail

Job Title Company Location
Marketing Planner
Nordstrom
Seattle, Washington
Vice President Merchandising
Gap Inc./Banana Republic Headquarters
SAN FRANCISCO, California
Vice President, Infrastructure and Operations
Neiman Marcus
Irving, Texas
Director of Finance & Business Development
Free People
Philadelphia, Pennsylvania
Manager Vendor Collaboration
Walgreens
Chicago, Illinois