Apple now has $145 billion in cash on hand — a 5.8 percent increase over the past three months. The company last reported that they had $137.1 billion in cash back on December 30. To put this into perspective, with $140 million, you can produce the movie Spider-Man. Apple has enough money to produce a thousand blockbusters. Apple could use its cash to acquire some companies. But with more… → Read More
Let’s put Apple’s amazing cash on hand numbers into perspective once again. The company now has $137.1 billion in cash — a 12.9 percent increase from the last reported number, $121.3 billion. With such a big figure, it’s hard to realize how big it actually is. In 2012, HP had $120.4 billion of annual revenue. Apple slightly edges HP’s revenue with its cash. Even more impressive, Apple has… → Read More
Cash-based payments platform PayNearMe has raised additional financing, the company announced today, in a Series D round led by August Capital with participation from other existing investors including Khosla Ventures, Maveron, and True Ventures. The news comes alongside the launch of the company’s latest product, PayNearMe Express, a self-serve platform that lets any business sign up to accept… → Read More
PayNearMe (formerly Kwedit), a cash-based payments network, is today announcing a partnership with property management software maker AppFolio. This deal will allow tenants to pay their rent using cash at nearby 7-Eleven or ACE Cash Express stores at any time of day or night. → Read More
A major milestone for disruptive payments platform Dwolla: the company has just switched on FiSync, its real-time money transfer system which aims to replace the outdated – and much slower – ACH process. ACH, or Automated Clearing House, is the traditional means for making electronic payments here in the United States. A 40-year old system, ACH enables money to move from Bank A to Bank B, but the… → Read More
Sometimes an idea is so out there that it’s hard to even explain clearly without sounding like a crazy person. Kurrenci is one of those ideas.
Kurrenci is money for the Internet. You “buy” Kurrenci (or earn it through browsing and other interactions) and then you can use it at various locations on the Web, including ecommerce sites, gaming services, and peer-to-peer payments.
Now one of the… → Read More
Walmart.com is launching a new way to checkout, targeting customers who don’t have credit or debit cards…or money in the bank for that matter. The company is now allowing customers to buy online and pay with cash. The change reflects the current economic conditions in the U.S., as Walmart states (citing FDIC figures) that one in four U.S. households is “unbanked” or “underbanked” – meaning they… → Read More
Apple has once again beaten analysts’ expectations with its Q2 results out today, and correspondingly the iPhone giant now has an even stronger cash position than it did before: $110 billion in the six months ended March 31, 2012 versus $81.5 billion in the six months ended September 24, 2011.
In cash and cash equivalents the company now has over $10.1 billion; short-term marketable securities… → Read More
Web and mobile payments platform Dwolla announced today that it now includes integration with LinkedIn’s API, allowing users to send and receive payments to their connections on LinkedIn’s social network. Previously, Dwolla had integrated with Facebook and Twitter to offer similar functionality. And just last week, Dwolla added Foursquare support, too, allowing Dwolla users to passively check-in… → Read More
There aren’t many iPhones left, as many note, but if you do find one and you want to purchase it, you’re going to need a credit card. It’s not for the activation or anything of that sort, but Apple requires you to use a marked form of payment for the transaction to help eliminate scalpers, a problem it’s had between itself and AT&T. According to Apple it does this to… → Read More
Anyone fancying themselves as a professional cyberathlete should pack a bag filled with clothes, caffeine and an Xbox 360 controller and head out to Dallas. There, the Cyberathlete Professional League will host a Halo 3 competition from December 19th to 22nd. The top prize? A cool million bucks, which has already been deposited into a bank account for safekeeping. The best part is that upon… → Read More
Today, we must pay homage to a device we take for granted on a daily basis. The Automatic Teller Machine turns 40 years old today and did you know that it started out across the pond before making its way to the US? Creator Shepherd Barron got the idea while sitting in a bathtub, idly pondering how he could get his own cash anywhere in the world or UK. He got the idea of the ATM from a chocolate… → Read More
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