United Parcel Service, a multinational shipping & receiving and supply chain management company, agreed to acquire Happy Returns, a software and reverse logistics company, from PayPal, a multinational financial technology company. Financial terms were not disclosed. “We know that returns have long frustrated shoppers and retailers looking for quick and easy solutions. By combining Happy Returns’ easy digital experience and established drop-off points with UPS’s small package network and footprint of close to 5,2k The UPS Store locations, box-free, label-free returns will soon be available at more than 12k convenient locations in the US,” Carol B. Tomé, UPS CEO.