$11,710,000,000 in PayPal Payments Blocked by Banks in Germany Over Fraud Concerns: Report
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Banks in Germany blocked €10 billion ($11.71 billion) in PayPal transactions due to a temporary failure in the payment giant's fraud detection system. The Süddeutsche Zeitung reported that direct debits from German banks to PayPal created the impression of unauthorized payments. While some transactions were initially processed, most were halted, causing a significant disruption. PayPal has apologized for the inconvenience and stated that the issue has been resolved, but did not provide details on the cause of the fraud detection failure.
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