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PayPal on Thursday announced a partnership agreement with the Big Ten and Big 12 conferences on Thursday, which will enable payments from universities to student-athletes.

College athletes at Maryland, Penn State, and Rutgers are among the many who will start receiving direct payments from their universities through PayPal and Venmo. The Big Ten and Big 12 conferences ...

PayPal is partnering with Big Ten and Big 12 conferences for college sports payments, creating a new system that lets universities pay athletes directly.

PayPal said the initial rollout is expected to begin this summer. The House settlement takes effect on July 1. The deal will allow students at Big Ten and Big 12 universities to receive their ...