Overview

• Multiple lenders including Bayerische Landesbank, Hessische Landesbank and DZ Bank stopped PayPal last‑debit transactions, with the frozen volume reported at more than ten billion euros.
• PayPal confirmed a temporary service interruption and said a technical problem, not a security breach, caused its screening systems to fail.
• Merchants have not received the affected payments, which remained in customer accounts, and insiders expect manual checks to take several days.
• European authorities took notice, with PayPal’s Luxembourg supervisor informed and the European Central Bank asking banks about the incident.
• The disruption follows recent darknet listings of roughly 16 million PayPal credentials, prompting fresh user advisories to change passwords and enable stronger two‑factor authentication.