His departure at a time, when the point-of sale is shifting to mobile platforms, leaves PayPal facing big challenges from other paymenttransaction middlemen like the credit card heavyweights: Visa (V), MasterCard (MA), and American Express (AXP).
It does not include ATM withdrawals, cash advances against a credit card, a check issued in connection with a payment card, or any transaction in which a payment card is accepted as payment by a merchant or other payee who is related to the issuer of the card.