The German Savings Banks Association (DSGV) says European banks have seen widely unauthorized direct debit from PayPal accounts.
German newspaper sueddedeutsche zeitung (SZ) says payment in the field of 10 billion euros (£ 8.6bn) PayPal’s fraud-zone system was to be blocked, after failing.
It said that the payment was stopped on Monday when the lenders reported millions of suspect direct debit from the payment firm.
The DSGvi confirmed the BBC that “there were events involving unauthorized direct debits initiated by PayPal against various credit institutions.
The BBC has approached Paypal for comment.
It told the Reuters that “some transactions from our banking partners and potentially their customers” were affected by a temporary service blockage.
Payal spokesperson said, “We quickly identified the reason and are working closely with their banking partners to ensure that all accounts have been updated.”
DSGV stated that Paple had solved the problem “accepted the disruption” and “assured”.
“Pay from PayPal and payment transactions are normally running again,” said this.
“These incidents had a significant impact on the payment transactions in Europe, especially in Germany.
“Supervisory officers have also been informed about the events in Payal.”
PayPal aims to filter scams before receiving banks through the security system.
In particular, it is to deal with fake direct debit that are established by criminals.
There are many ways that they have been established, but a specific method is cheating a person to hand over his details by pretending to be a phone or financial institution.
According to SZ, Paple’s filter system did not function properly on Monday, resulting in legitimate people to banks with legitimate people.
After the report, the stocks fell 1.9% in the payment firm on Wednesday.
