A new agreement between Visa and PayPal will send more card payments over the Visa network and expand PayPal’s reach into in-store sales in the U.S. PayPal will no longer solicit consumers to tie payments for goods purchased to Automated Clearing House (ACH)-based transactions that disintermediate the Visa network. Instead, it will give consumers the opportunity to position a Visa card as their preferred payment option for PayPal transactions in any channel — online, in store, mobile web, and in app. PayPal will design customer notification strategies to communicate that fact. Last year...