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Systems

Wells Fargo Launches New Cash Back Deals Program

July 22 2020

“Today, Wells Fargo announced the launch of My Wells Fargo Deals, a program offering cash back to consumers with an eligible Wells Fargo debit or credit card. Customers can activate the cash back deals by accessing My Wells Fargo Deals through Wells Fargo Online® banking or the Wells Fargo Mobile® app. Deals from participating merchants […]

Deals

Ripple Strikes Three New Deals in South Korea to Improve Remittances

February 26 2020

> yahoo

“Ripple has added three new customers in South Korea who will utilize its blockchain-based payments network RippleNet. The deals have been signed with money transfer firms Sentbe, Hanpass and WireBarley, Ripple announced Tuesday. These firms aim to facilitate faster and cheaper cross-border payments via RippleNet. Sentbe focuses on the South-and Northeast Asia corridor, including the […]

Companies

Apple Is Looking to Strike Deals With ‘alternative Payments’ Providers

May 27 2021

> CNBC

“Apple is looking for a lead negotiator to strike partnerships with “alternative payment” partners, according to a job listing posted on Tuesday. The role, according to the listing, would include screening potential partners, negotiating and signing deals, and launching new programs and features for Apple’s Wallets, Payments, and Commerce team. It will also work with […]

Providers

Stripe Strikes Tie-Up With Klarna After Frenzy of Rival Deals

October 26 2021

> Bloomberg

“Stripe Inc. will allow retailers to add Klarna Bank AB ’s buy-now-pay-later service as a purchasing tool for customers, a deal that pairs up two of the world’s most valuable financial technology startups. The business partnership comes at a time when rivals are striking deals worth billions in a bid to win a share of […]

Companies

Alipay expands US reach with North American Bancard, Poynt deals

October 20 2017

> Mobile Payments Today

“Alipay continues to spread its acceptance footprint in the U.S. to the benefit of Chinese tourists as the mobile wallet provider announced two separate deals Thursday with mobile point-of-sale provider Poynt and North American Bancard. Alipay’s deal with Poynt brings the wallet’s acceptance to merchants using the device across North America, according to a press release.”

Domains

Amazon: Customers Shopped at Record Levels This Holiday Season

December 30 2019

“Amazon today announced that this holiday season was record-breaking thanks to its customers all around the world – billions of items were ordered worldwide and tens of millions of Amazon Devices were purchased worldwide. Throughout the season, Amazon offered customers incredible deals every day and deeper discounts and more Deals of the Day than ever […]

Security

Microsoft Launches Decentralized Identity Tool on Bitcoin Blockchain

May 13 2019

> CoinDesk

“The open source project, called Ion , deals with the underlying mechanics of how networks talk to each other. For example, if you log onto Airbnb using Facebook, a protocol deals with the software that sends the personal information from your social profile to that external service provider. In this case, Ion handles the decentralized […]

Domains

Cyber Monday to Test Limits of Retailers’ Websites as Shoppers Scour Deals

November 26 2018

> Business of Fashion

“Cyber Monday is expected to draw over 75 million shoppers, according to research firm Planalytics. The much-hyped marketing day is expected to be the largest US online shopping day in history, yielding $7.8 billion in sales or 17.6 percent growth over last year, according to Adobe Analytics, which tracks transactions at most of the top […]

Use

Discover Deals being discontinued

October 5 2018

> Frequent Miler

“This is obviously hugely disappointing news for anyone in the first year of a Discover card who was intending to spend a lot through the portal for the first year double. Cash back earned from the portal has historically been doubled along with cash back earned on the card at the end of the first […]

Systems

A Vermont City Tests Blockchain Technology for Property Deals

January 31 2018

> Wall Street Journal (Paywall)

“But replacing the current system would take years, if not decades, and would require surmounting numerous technological and practical obstacles. Switching property records to the blockchain also would be highly disruptive to businesses like title insurance and the jobs of thousands of people who work for city clerks and other government agencies.”

Domains

Business Payments Are Going Digital. FLEETCOR Is Looking for Deals

November 3 2020

> MarketWatch

“FLEETCOR Technologies is on the hunt for acquisitions as the Covid-19 pandemic changes the world of business payments, according to Steve Greene, executive vice president of corporate development and strategy. Covid-19 spurred a rise in digital payments as consumers, armed with apps and used to near instantaneous payments, ditched cash. Companies have been slower to […]

Systems

Plastic-Versus-Cash Battle Heats Up After Visa, Mastercard Deals

July 17 2017

> Bloomberg

“Visa and Mastercard already have made big inroads in expanding credit-card usage. They handled $4.3 trillion in payments in the U.S. last year, more than double from a decade ago. Still, the amount of currency in circulation also has doubled in that period, and cash remains the most widely used payment instrument in the U.S.

Tech

Technology Drives Deals Because No One Wants to Be the Next Blockbuster (Video)

May 29 2019

> Wall Street Journal (paywall)

“Why did Walmart Inc. spend $16 billion for control of a money-losing Indian retailer called Flipkart Group? The answer: Amazon.com Inc. Walmart is the biggest merchant in the world, but the fact that online sales represent only about 5% of revenue suggests it has room to learn from Flipkart’s in-house payment system or its ability to […]

Use

Restaurants’ Own Apps Command Most Digital Orders, Research Indicates

February 4 2019

> Digital Transactions

“Discounts and other loyalty deals help explain the greater popularity of proprietary programs for restaurants, along with a desire among users to customize and streamline orders, NPD says.  Despite this lopsided result, third-party apps account for 40%, or “more than their fair share,” of the top 20 apps ranked by usage, whether third party or restaurant-branded, indicates […]

Deals

Fintech startups raised $34B in 2019

February 24 2020

> TechCrunch

“Financial services startups raised less money in 2019 than they did in 2018 as VC firms looked to back late stage firms and focused on developing markets, a new report has revealed. According to research firm CB Insights’ annual report published this week, fintech startups across the world raised $33.9 billion* in total last year […]

Deals

Japan’s SoftBank Taps Into Mexican Fintech Startup Clip

May 7 2019

> Reuters

“Japan’s SoftBank Group invested about $20 million in Mexican payments startup Clip early this year, one of its first Latin America deals as it launches a $5 billion technology fund in the region, said three people familiar with the matter.”

Deals

Paytm enters hotel booking business, buys NightStay

January 30 2019

> ETtech

“Paytm has launched hotel bookings on its platform and acquired NightStay, which offers deals on last-minute bookings at luxury hotels, as the Alibaba-backed payments and ecommerce company expands its travel business. Paytm said it plans to invest Rs 500 crore in scaling up its travel operations and has partnered with more than 5,000 hotels across the budget, luxury and […]

Deals

UK’s Zilch Raises $80M at a $500M+ Valuation for Its Direct-to-consumer Buy Now, Pay Later Service

April 19 2021

> TechCrunch

“Zilch , a London startup that has built an “over the top” buy now, pay later (BNPL) business out of cutting deals directly with consumers — bypassing the need for integrating anything new into an e-commerce site’s check-out process, as many of the leading providers have done — has raised $80 million, an all-equity Series […]

Companies

Stripe Invests in Brex Rival Ramp at $1.6 Billion Valuation

March 29 2021

> The Information

“Ramp, a two-year-old startup that offers corporate cards and software tools for managing employee expenses, is close to finalizing two rounds of funding that will value the company at $1.6 billion, according to three people familiar with the deals. D1 Capital Partners led the first, $65 million round at a $1.1 billion post-money valuation with […]

Deals

UK Leads The Way With Record $16bn Fintech Investment

July 31 2018

> BankingTech

“The UK’s fintech investment in the first half of 2018 hit a record $16 billion, ahead of $14 billion in each the Americas and China, according to KPMG’s report “The Pulse of Fintech 2018”. In the same period, investment in companies in Europe (including UK) hit $26 billion, a total of 198 deals. Some of the largest […]

Deals

Credit Unions Go On Bank Buying Spree

September 3 2019

> Wall Street Journal

“Credit unions are buying small banks in record numbers, a trend that is prompting pushback from the banking industry. Credit unions have acquired 21 U.S. banks since 2018, according to S&P Global Market Intelligence, compared with 12 purchases in the prior five years. Bankers say the deals are proof credit unions are growing too aggressively […]