Payments News » George Peabody

EBay Paid $573M To Buy Japanese e-Commerce Platform Qoo10, Filing Reveals

July 20 2018

in
eBay
Japan

“The deal underscores how eBay is at the same time pulling back from general plays while doubling down on more targeted opportunities. Earlier this year, the company gave up its stake in Flipkart as part of its acquisition by Walmart, but at the same time committed to investing in a new, standalone eBay operation in India, using some […]

Domains

More Than Half Billion Chinese Pay By Mobile Phones: Report

July 20 2018

in
Mobile Payments

“China saw fast expansion in the number of mobile payment users last year, reaching 527 million at the end of 2017, according to an internet industry report. The number of mobile payment users increased by 57.83 million in 2017, 12.3-percent growth, the Internet Society of China said in the report. Total online payment users reached […]

Companies

Mastercard Patents Method To Manage Blockchain Payments

July 19 2018

“Mastercard has secured a patent for a method, which will enable it to manage fractional reserves of blockchain currency. The system will connect blockchain-based assets including Bitcoin to fiat currency accounts in order to allow cryptocurrency payments through credit cards. The new system will comprise a central database, an account database, a receiving device and […]

Investment / IPO / M&A

Even Raises $40M To Transform The Working Class To The Savings Class

July 19 2018

“But Even.com is increasingly focused on improving the quality of its intelligent budgeting feature. Using artificial intelligence models honed over the past few years, the company now gives users of its Even app an “Okay to spend” figure that helps them think through their cash flow. By giving a predictive figure rather than a checking account balance, […]

Companies

Walmart Acquiring Shopify Is No Longer A Laughable Idea

July 20 2018

in
Walmart

“The fundamental difference between Walmart and Shopify is that the former is a marketplace while the latter is an e-commerce platform. It is hard for a seller with no distinct brand identity to differentiate herself on a marketplace unlike on a platform. As revenue channels, they are both necessary for a merchant’s omnichannel strategy. While […]

Companies

Facebook Faces Delay To WhatsApp Payments In India

July 20 2018

“India’s government is holding up Facebook Inc.’s plans for a nationwide launch of its WhatsApp payments service over concerns about how users’ data will be stored and other issues, according to people familiar with the matter. The country’s Ministry of Electronics and Information Technology, or MEITY, has asked WhatsApp and its partner banks to supply more […]

Security

Barclays Seeks Twin Blockchain Patents For Banking Services

July 20 2018

“The U.S. Patent and Trademark Office published two applications by the U.K.’s second-largest bank Thursday, both of which revolve around account security. Perhaps most notably, however, was an application for a patent which outlined a blockchain-platform which could facilitate cryptocurrency transfers. The bank also proposed streamlining know-your-customer processes by storing identifying information on a private blockchain. Though the existence […]

Systems

KeyBank Launches Instant PaymentProduct With Ingo Money

July 20 2018

in
Real-Time Payments

“KeyCorp announced today the launch of its instant payment product with Ingo Money. Through Ingo Push, Ingo Money’s turn-key push payment platform, KeyBank business clients can disburse guaranteed funds in real-time, according to a press release. Ingo Money enables businesses, banks and government agencies to meet consumer demand for instant money proceeds while saving time and […]

Companies

Facebook, Google And More Unite To Let You Transfer Data Between Apps

July 20 2018

“From porting playlists in music streaming services to health data from fitness trackers to our reams of photos and videos, the DTP could be a boon for startups. Incumbent tech giants maintain a huge advantage in popularizing new functionality because they instantly interoperate with a user’s existing data rather than making them start from scratch. […]

Domains

MYPINPAD Launches Open mPOS Platform for PIN On Mobile

July 20 2018

“MYPINPAD, the global leader in payment acceptance and authentication software solutions, today announces the launch of Open mPOS. Open mPOS is a complete mPOS authentication platform that uniquely enables merchants, Acquirers and Payment Service Providers (PSPs) to deploy PIN on Mobile technologies without the need to undergo their own Software PIN on COTS (SPoC) PCI certification. […]