Payments News » Companies

Google gets go-ahead from Central Bank for payments

January 7 2019

in
Google

“Google has been authorised as a payment institution in the Republic, paving the way for the technology giant to begin providing new financial services to consumers and businesses both here and further afield.”

Companies

Square finds its Sarah Friar replacement with new CFO Amrita Ahuja

January 4 2019

in
Square

“Founder and chief executive Jack Dorsey says Square has poached Amrita Ahuja from Blizzard Entertainment, a division of the gaming company Activision Blizzard, to lead finance at the merchant services and mobile payments company.”

Companies

Google granted an electronic money institution licence in Lithuania

January 3 2019

in
Google

“The Board of the Bank of Lithuania has granted Google Payment Lithuania UAB an electronic money institution licence authorising to issue and redeem electronic money as well as provide payment services.”

Companies

Jeff Bezos and Jamie Dimon: Best of Frenemies

January 7 2019

“The fortunes of the two companies have become more entwined over the years. They are closely connected through a credit-card deal struck when the retailer was still mostly selling books and CDs on the internet. JPMorgan is in talks to partner with Amazon on a number of financial ventures, and the bank lends to the […]

Companies

How PayPal Escaped Dot-Com Obsolescence

January 8 2019

in
PayPal

“PayPal’s conversion rate is lights-out: Eighty-nine percent of the time a customer gets to its checkout page, he makes the purchase. For other online credit and debit card transactions, that number sits at about 50 percent.”

Companies

Ripple wants a piece of the global payment system while it fights a cryptocurrency ‘holy war’

January 9 2019

“The sizable cryptocurrency stake puts Ripple in an almost unheard of position in Silicon Valley of not needing to rely on much venture capital to fund its operations. Instead, it sells XRP on a regular basis. And based on the amount it owns, the company’s value is at least $20 billion. The valuation of ride-hailing […]

Companies

Cross River Bank Partners With Stripe To Power The Marketplace Economy With Push-To-Card Payments

January 9 2019

in
Stripe

“Cross River Bank, a fast-growing provider of banking services for financial technology companies, today announced that it has established a partnership with Stripe to help those in the marketplace economy – such as workers in ridesharing, food delivery, and other freelance occupations – by providing them with access to their earnings through push-to-card payments.”

Companies

RippleNet Reaches Milestone, Surpasses 200 Customers

January 8 2019

in
Ripple

“Ripple, provider of leading enterprise blockchain solutions for payments, announced today that 13 new financial institutions have signed up for the company’s payment network, RippleNet. The companies include Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND and Rendimento. With these additions, there are now more than 200 customers signed up for RippleNet.”

Companies

Mastercard Evolves Its Brand Mark by Dropping its Name

January 7 2019

“Mastercard today announced that it is dropping its name from its iconic brand mark in select contexts. The interlocking red and yellow circles, referred to as the Mastercard Symbol, will now stand on its own across cards using the red and yellow brand mark, acceptance marks at retail locations both in the physical and digital […]

Companies

Know the Rules to Break the Rules in 2019: Mastercard Podcast’s Second Season is Ready for Binge Listening

January 9 2019

in
Mastercard

“Money: people love and hate to talk about it. They want to make it, they want to use it, and they love having it, but when it comes to actually thinking about it, how we get it, how we use and how it helps or hurt us—that’s when people start to ask questions.”