Digital payment processing startup Stripe Inc said in a press release it raised $250 million in its latest funding round, bringing its pre-money value to $35 billion, which is more than a 50% increase to its valuation at the beginning of the year. After raising $100 million from Tiger Global Management in a Series E […]
Stripe Funding Round Values Company at $35 Billion Read More »
The Wall Street Journal has been reporting this week that CEO of both Twitter and payment processing company Square, and longtime advocate of Bitcoin, Jack Dorsey has been a prominent investor in the two-year-old company CoinList during their Polychain Capital-led $10 million funding round. What is CoinList? CoinList was founded in San Francisco two years
Twitter CEO Backs Cryptocurrency Startup Read More »
On Thursday, October 10, 2019, international payment services provider Ingenico announced its plan to open up the mobile payment processing market in China to the world through several unprecedented business partnerships. Ingenico has decided to focus in-country on China’s local e-commerce and mobile payment systems: It has partnered with bank card services provider UnionPay and
Ingenico Offers New Mobile Payment Option For China [2023 Update] Read More »
According to an October report published by eMarketer, a respected online publication dedicated to the digital marketing industry, the mobile payments service known as Apple Pay is now more popular than its counterpart developed by the Starbucks Coffee Company. Since about 2014, the Starbucks app, which started off as a digital version of its successful
Is Apple Pay Really More Popular Than the Starbucks Mobile App? [2023 Update] Read More »
PayPal has announced plans to introduce Venmo Credit Cards in the year 2020. This is going to be a strategic move aimed at improving peer-to-peer payment services with additional options that give users more benefits. PayPal has partnered with Synchrony to achieve this goal. PayPal, a foremost player in the peer-to-peer payment industry, will become
PayPal to Roll out Branded Venmo Credit Card Read More »
Mastercard is rolling out its new Dispute Resolution Initiative for payment processors and merchants that will bring many changes to how Mastercard chargebacks and transactions are handled. The initiative, which has a goal of improving chargeback outcomes and efficiency, will likely mean a more consistent process for merchants. The Dispute Resolution Initiative is being rolled
MasterCard’s Dispute Resolution Initiative Read More »
Resort fees: you think you’ve got a great deal on a hotel, only to find an extra charge slapped on once you get to checkout. For the most part, there’s nothing we can do about it, however Congress has just introduced an interesting new piece of legislation that could see the days of frustrating surprise
US Congress Takes on Resort Fees Read More »
In a $21.5 billion all-stock deal, Global Payments Inc., a global provider of payment processing technology and software solutions, merged with TSYS (Total System Services) to form a pure-play payments company using the name Global Payments, the largest merger of payment technology companies to date. Working with 1,300 financial institutions and 3.5 million merchant locations
Global Payments, TSYS Complete Merger Read More »
Discovering Visa and PayPal were partnering up has shaken up the credit card processing industry. It is believed that everything from merchant services to eBay will be affected. Some immediately lauded how the partnership will enhance in-store NFC payments. The most cynical critics believe Visa, with PayPal under its watchful eye, will be better suited
What the PayPal and Visa Partnership Means for the Future of Payments Read More »
Today the Official Merchant Services Blog will examine the PCI Security Standards Council’s most recent guidelines, and their slow crawl towards comprehensive security requirements for mobile devices. On Thursday, the PCI Security Standards Council released a set of best practices geared toward software developers of mobile devices. These guidelines come four months after they released
PCI Guidelines for Mobile Apps Read More »