payments

  • PayPal To List On Nasdaq Under PYPL Ticker After eBay Spinoff

    PayPal To List On Nasdaq Under PYPL Ticker After eBay Spinoff

    Payments company PayPal is inching closer to spinning off from its marketplace parent eBay. Today its designated CEO, Dan Schulman, announced that it plans to list on Nasdaq and use PYPL as its ticker — the original ticker it used before eBay acquired it in 2002. The  company plans to spin off eBay in the second half of this year. To date, some 18 billion transactions and… Read More

  • Europay, MasterCard, Visa: A Primer Crunch Network

    Europay, MasterCard, Visa: A Primer

    The cyber breaches and system hacks affecting Target, Home Depot, Neiman Marcus and other large retailers over the past two years have resulted in billions of dollars of credit card fraud. This growing epidemic has led to increased calls for a more robust credit card security system. Read More

  • Best Buy Will Accept Apple Pay In All U.S. Stores Later This Year

    Best Buy Will Accept Apple Pay In All U.S. Stores Later This Year

    Back when Apple Pay was first launched, Best Buy wanted none of it. As a part of the MCX consortium, they were a part of an effort among retailers to build a mobile payments system of their own: CurrentC. It seems Best Buy has changed its mind. 6 months later, Best Buy is jumping on the Apple Pay train. Read More

  • The Year Of Mobile Payments Crunch Network

    The Year Of Mobile Payments

    Ask most people what the state of mobile payments is today, and they’ll tell you it’s just kicking off. With Facebook announcing the option to ‘send money to friends’ via messenger and the release of Apple Pay last year, 2015 has excitedly been dubbed “The Year of Mobile Payments.” Yet what most people don’t realise is that these services are… Read More

  • India’s Restaurant Search App Zomato Raises $50M At $1B+ Valuation, Buys MaplePOS

    India’s Restaurant Search App Zomato Raises $50M At $1B+ Valuation, Buys MaplePOS

    Time to loosen Zomato‘s belt: the Indian startup whose restaurant search app is now used in 22 countries is growing some more. The company has raised $50 million more in funding, and it has made its first acquisition of a product outside of the restaurant search space: it has bought payments platform MaplePOS. The funding values the startup at over $1 billion, a source close to the… Read More

  • Stripe’s New Product Helps Marketplaces Go Global More Quickly

    Stripe’s New Product Helps Marketplaces Go Global More Quickly

    Payments company Stripe is today unveiling a new product designed to help marketplaces like Lyft or Kickstarter scale internationally, by offering a suite of tools that allow businesses like these to accept payments from anywhere in the world, and then ensure sellers and service providers get paid. Called Stripe Connect, the product will help speed up the time it takes a marketplace to expand in… Read More

  • Razorpay Offers Stripe-Style Payments Focused Squarely On Indian E-Commerce Plays

    Razorpay Offers Stripe-Style Payments Focused Squarely On Indian E-Commerce Plays

    The rise of companies like Flipkart, Snapdeal and Ola have put a spotlight on the e-commerce opportunity in India, where the growth of catchy businesses is being fuelled by consumer demand, improving Internet connectivity and generous VC funding. Now, a new startup called Razorpay — part of the current Y Combinator class — is hoping to ride that trend, by giving more startups… Read More

  • Amazon Loses Its General Manager Of Payments Following Wallet Shutdown

    Amazon Loses Its General Manager Of Payments Following Wallet Shutdown

    Amazon’s VP and General Manager of Payments, Matt Swann, who most recently oversaw initiatives including Amazon’s Square competitor called Local Register and Amazon Wallet, has left the company, TechCrunch has confirmed. The move comes shortly after Amazon shut down its beta version of Wallet in January amid mediocre reviews, and an increasingly competitive landscape where Apple… Read More

  • Balanced To Close Its Payment Platform, Strikes Transition Deal With Rival Stripe

    Balanced To Close Its Payment Platform, Strikes Transition Deal With Rival Stripe

    The march of consolidation in the world of e-commerce has claimed its latest victim. Balanced, a payments platform for peer-to-peer marketplace businesses, is closing its doors after failing to grow fast enough, or as co-founder Matin Tamizi describes it, “reach the escape velocity necessary to be a large, innovative, independent player in the payments space.” The company… Read More

  • Square Launches Free Chargeback Protection For U.S. And Canadian Sellers

    Square Launches Free Chargeback Protection For U.S. And Canadian Sellers

    Square, the mobile payments startup that’s been shifting its focus to small business solutions in recent months, announced this morning that it will now cover all Square sellers in the United States and Canada with chargeback protection. That is, when buyers choose to dispute their charges with the business in question, Square will cover those chargebacks for free – up to $250… Read More

  • Gift Card Marketplaces Raise Grabs $56 Million From NEA And Others

    Gift Card Marketplaces Raise Grabs $56 Million From NEA And Others

    A company offering a marketplace where consumers can buy and sell their unused gift cards, Raise.com, announced this morning it has taken in a sizable $56 million round of Series B funding, led by New Enterprise Associates (NEA). The additional funding, which brings the company’s total outside investment to $81 million, comes after a period of rapid growth following the release of… Read More

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