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Here's your afternoon TNB Tech Minute for Tuesday, July 29th. I'm Adriana Aspuru for the Wall Street Journal.

PayPal has raised its full year guidance after a strong second quarter. This comes after total

payment volumes jumped 6% in the second quarter to more than $443 billion. Active accounts increased 2% to $438 million.

PayPal is focusing on profitable growth

through its branded checkout options,

unbranded processing business,

and branded offline checkouts

from its PayPal and Venmo credit and debit cards.

Venmo's revenue alone was up 20%.

Plus, we have a pair of exclusive stories.

Paulo Alto Networks is in talks to acquire CyberArc Security Software, an Israeli cybersecurity

provider.

This would mark one of the biggest technology takeovers so far this year, according to

people familiar with the matter.

The deal could be finalized later this week and could value CyberArk well above its

$20 billion market value.

Today, Palo Alto Networks has a market value of almost $140 billion, with its share price

up roughly 14% year-to-date.

Finally, J.P. Morgan Chase is nearing a deal to take over Apple's credit card program.

This would potentially replace Goldman Sachs as Apple's card partner, according to people familiar

...