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August, 2019

  • 23 August

    Adyen Says It’s Ready to Take on the Majority of eBay’s Volume Next Year

    PayPal Holdings Inc.’s shares dipped slightly late  Thursday after a key Adyen N.V. executive told stock analysts that the Amsterdam-based company is “ready” to process “the majority” of eBay Inc.’s volume when eBay shifts to Adyen next year. Adyen also reported it is proceeding with an application for a banking license …

  • 16 August

    The Money-Transfer Newbies Nip at the Incumbents’ Heels

    Relative newcomers to the world of money transfers such as Remitly Inc., TransferWise Ltd., and WorldRemit Ltd., which specialize in end-to-end digital transactions, are nibbling away at the market share of agent-based leaders The Western Union Co. and MoneyGram International Inc., says a new report from research firm Aite Group …

July, 2019

June, 2019

  • 24 June

    Will Facebook’s Big User Numbers Be Enough to Catapult Calibra?

    Facebook Inc. has said it will turn over control of its Libra cryptocurrency initiative to a consortium of companies that will constitute the Libra Association. But one related property the massive social network will retain, albeit as an arm’s-length subsidiary, is its new Calibra unit, which will run Facebook’s own …

  • 21 June

    Bill Ready, a Key Player in PayPal’s Rise, To Leave Company by Year’s End

    PayPal Holdings Inc. announced late Thursday that its chief operating officer William J. “Bill” Ready will leave by the end of 2019 after six years with the online-payments leader. The unexpected departure of its number 2 executive cast some uncertainty over San Jose, Calif.-based PayPal. In mid-morning trading, its stock …

  • 19 June

    Commercial Bank of California’s Big ISO Ambitions

    Commercial Bank of California’s announcement Tuesday that Group ISO Inc. joined its wholesale independent sales organization program signals greater ambitions for the Irvine, Calif.-based bank. Group ISO will use CBC’s BIN sponsorship, a term for bank identification numbers, which is required for acquirers to send and receive transactions from card …

May, 2019

  • 31 May

    Payments Companies Are Getting Pricier, Researcher Says

    Note to payments-company owners: now just might be the right time to sell. Buyers in 2019 have paid more for firms in the payment-tech space since at least 2010, according to a new analysis by 451 Research of more than 1,100 deals over nearly a decade. The median price to …

  • 21 May

    Hedge Fund Takes 12% Stake in “Undervalued” USA Technologies

    The beaten-down shares of vending-machine payments provider USA Technologies Inc. jumped nearly 15% Tuesday on news that a hedge fund had taken a 12% stake in the company. In a regulatory filing, New York City-based Hudson Executive Capital LP said it believes USAT’s “shares are undervalued and are an attractive …

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