RESEND: PayPal stops processing Mega payments; NZX listing still on

Mon, 02 Mar 2015

(Updates with letter from US Senator Patrick Leahy in 2nd, 4th, 5th graphs, fixes TRS reference in 7th graph) By Suze Metherell March 2 (BusinessDesk) - PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. NetNames, a US group with funding from the Motion Pictures Association of America, wrote a report claiming Mega's services were not legitimate or legally comp...

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