Once again, Litle & Co. is the fastest payment processor in the world.
Reactions to the announcement of Snapchat’s new payments service ran the gamut from “the future of payments” to, well, a way to pay people for sending you nude pictures.
Customers are fired up to make mobile payments using Google Wallet and Apple Pay even if they don’t own the devices they would need to accomplish this. That information arrives via a recent survey by Stratos, makers of a “connected card” solution along the lines of Coin and Plastc.
JPMorgan Chase released a video yesterday showing off its sponsorship of Seattle Startup Week, a mentoring and networking event that took place Oct. 20 to 24. The bank sponsored a similar event in Denver in September. These events are two of a projected five events in cities across the country. For the series, Chase has partnered with UP Global, a Boulder-based not-for-profit with a mission fostering entrepreneurship and strong communities.
In late October, eyebrows were raised when mobile payments startup Mozido raised $185 million from the likes of MasterCard, Wellington Management Co., and His Royal Highness Sheik Nahyan, who is kind of a big deal in the United Arab Emirates.
Financial software provider Yodlee held its first earnings call as a publicly traded company yesterday and indicated that a broader customer base was helping spread the risk associated with having a few large accounts.
It’s that special time of year… the days are getting shorter, leaves are falling, and gift cards are in the air. The venture money is flowing into gift cards as well. Gift card marketplace Raise just finished an $18.1 million funding round, according to GigaOm.
Is every banking conference truly blah, blah, blah boring?
LoopPay, the transitional mobile payment technology launched last year at Money2020 is back at the big show in Vegas with an update to its form factor.
Just how differently do millennials view payments than previous generations? This infographic [ht Sam Maule] defines the differences, and they are vast. For example: 50% of millennials want mobile payments to speed up transactions. Gen X: 31%. 52% of millennials want mobile payments to keep better track of purchases. GenRead More
Everyone is angling to work with China UnionPay, the government monopoly card that is the only interbank card network in the country — buy MasterCard CEO Ajay Banga said today that his company is winning “90-plus%” of the business.