Home Posts tagged "paypal"
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Klarna Becomes Largest Private FinTech Company in Europe Following $460 Million Funding Round

Klarna, a payment company offering micro credit for online transactions like PayPal Credit, serves consumers and merchants in Europe and the United States while preparing to launch in Australia and New Zealand. They recently announced an equity funding round raising $460 million, valuing the credit terms alternative payment provider at $5.5 billion. The number of

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PayPal Completes $120 Million Acquisition of Simility

PayPal completes their fifth acquisition in the past 12 months, this time purchasing machine learning fraud prevention provider Simility for $120 million. PayPal COO Bill Ready says each of these five recent acquisitions are part of the company’s effort to strengthen the services they provide to merchants. Simility was founded in 2014, they are based

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Amazon Debuts Cash-based Alternative Payment Method

Amazon Cash is the latest payment method and feature supported by Amazon and was designed for the under- and unbanked. Consumers can request a barcode that is linked to their Amazon account, and when checking-out at a partner retail store location the customer can add between $15 and $500, using cash, which will become stored

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PayPal Evolving P2P Payment App Venmo to Support Online and Mobile B2C Transactions

The popular person-to-person payment service Venmo has continued to grow in terms of its user base and total payment volume, but with transaction fees waived for bank account and debit card based payments the company likely hasn’t yielded much profit. Intent on changing that, parent company PayPal recently announced plans that will enable merchants accepting

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eBay Acquires Braintree to Bolster PayPal and Mobile Payments

In late September eBay announced their acquisition of Braintree, a payment service provider and gateway focusing on payments within mobile apps and websites. eBay is purchasing Braintree for $800 million in cash and the deal is expected to close before the end of 2013. Read More

 
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More Brands Targeted with Phishing Attacks so far in 2013

During the first six months of 2013 720 different brands were targeted by phishing attacks, an increase of 18 percent from the last six months of 2012, according the latest report from the Anti-Phishing Working Group (APWG). The two most targeted brands during the first half of 2013 were PayPal and Taobao.com. Read More

 
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Global Growth Expected in Mobile Commerce and Mobile Fraud

A recent survey finds that many consumers want more opportunities to use mobile wallets in-store while online mobile commerce transactions continue to grow as well. Meanwhile several industry and investment analysts are predicting strong years for companies well positioned in the mobile payments market, along with large growth for mobile payments in general. Read More

 
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Isis, PayPal, Visa Continue to Test and Develop Mobile Payment Methods

More mobile payment methods and wallets are testing and preparing for commercial launch with mobile joint venture Isis starting trials in two pilot U.S markets, Visa testing NFC (Near Field Communication) payments at the London Olympic Games, and PayPal trialing their mobile payment method with McDonald’s fast food restaurants in France. Read More

 
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Mobile Wallet Providers, Carriers, Issuers and Card Associations Form Mobile Payments Committee

The four major wireless carriers in the U.S. along with financial institutions, card associations and mobile wallet providers have formed and joined the Mobile Payments Committee with the Electronic Transactions Association (ETA). The purpose of the committee is to define best practices for mobile payment solutions while educating legislators, merchants and consumers to foster and

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More Merchants Accepting Payments Over Mobile Devices, More Competitors Entering this Space

In June Square announced that they are now processing $6 billion annually while VeriFone and Intuit compete with similar product offerings that allow merchants to accept and process credit card payments via their mobile device. Meanwhile iZettle, dubbed the Square of Europe, expands from Scandinavia to the UK now with over $16 million raised in

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