Search
 

Gold AHA Award Winner for Working Capital Management

EBAY INC.

By Staff Writer | Updated on November 06, 2007

Growing too fast is a problem anyone would want to have, but for $7-billion eBay Inc. and its subsidiary PayPal, it caused a big problem: a huge funding gap created by a growing demand for working capital. Treasury was called in to figure out what was happening, and how to fix the problem.

Treasurer Jennifer Ceran assembled a cross-functional team, under the direction of PayPal Treasurer Ed Banas, which looked into the issue. What Banas and his team discovered was that PayPal was immediately funding credit card transactions by customers using extremely rapid clearing systems. But PayPal’s banks and card administrators were not doing the same for it, leaving the Web-based payment solution too often holding the bag. Thus, the more PayPal grew, the bigger this funding gap became.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.