Post Tagged with: "Braintree"

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

by January 19, 2017 at 11:14 am 0 comments

Zelle, the peer-to-peer payments platform formerly known as clearXchange, will put customers back in banks’ hands, PNC CEO Bill Demchak said Friday. P2P has been a notable success of nonbank players such as PayPal, which offers a host of consumer-facing payments products, perhaps most notably Venmo. In October, PayPal CEORead More

Braintree CTO to Do Fireside Chat at Bank Innovation 2017

Braintree CTO to Do Fireside Chat at Bank Innovation 2017

by January 6, 2017 at 12:41 pm 1 comment

Juan Benitez, general manager and chief technology officer of Braintree, a PayPal subsidiary, will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., will feature dozens of speakers on investing in innovation, chatbots, open banking ecosystems, blockchain and more. Benitez has been CTORead More

PayPal Partners Up to Fuel 3Q Growth

PayPal Partners Up to Fuel 3Q Growth

by October 21, 2016 at 10:23 am 1 comment

PayPal continued steady growth this quarter, reaching 192 million active users and 30 transactions per user. It also recorded $87 billion on 1.5 billion total transactions. Venmo accounted for $4.9 billion of that, and mobile accounted for approximately 30% of PayPal’s total transactions. That 192 million, by the way, counts 177Read More

MasterCard-PayPal Deal Echoes Visa’s ‘Exclusive’ One

MasterCard-PayPal Deal Echoes Visa’s ‘Exclusive’ One

by September 6, 2016 at 1:48 pm 1 comment

Last month it was announced that Visa had made a deal with PayPal, which gave PayPal access to payments via Visa cards at the point of sale, and today it’s finally clear why MasterCard CEO Ajay Banga was confused about the supposed “exclusivity” of the deal—because there isn’t any (unless itRead More

Silicon Valley Bank Building Out Payments Services

Silicon Valley Bank Building Out Payments Services

by July 25, 2016 at 11:17 am 0 comments

Watch out payments industry, Silicon Valley Bank is coming. The bank for startups — officially named SVB Financial Group — said last Friday that it was boning up its payments infrastructure and services by “leveraging strategic partnerships to offer scalable and sustainable payment solutions to our clients, at every stage ofRead More

Venmo API Mix-up Gives Developers a Scare

Venmo API Mix-up Gives Developers a Scare

by February 29, 2016 at 4:50 pm 1 comment

The programming, fintech, and developer worlds got a scare Feb. 26 with an announcement that Venmo’s API had been shut down. In the midst of a major switchover from an existing API to a new beta, Venmo’s developer site had been replaced with a single box stating that “the VenmoRead More

Brother, Can You ‘Share’ a Ride?

Brother, Can You ‘Share’ a Ride?

by November 2, 2015 at 4:18 pm 0 comments

In case you didn’t notice, the auto industry in the U.S. is metamorphosing. While it is hard to argue that the car dealer will go the way of the travel agent, it is equally fair to say that a healthy portion of the auto industry will become enmeshed in theRead More

PayPal Introduces Square Cash-like PayPal.Me

PayPal Introduces Square Cash-like PayPal.Me

by September 1, 2015 at 10:45 am 0 comments

Yesterday, PayPal’s head of consumer business, Hill Ferguson, stepped down. Today, it introduced a new consumer product, PayPal.Me. The first bit of news means the influence of Braintree founder Bill Ready, head of merchant business at PayPal, is growing. The second bit means PayPal liked the experience of Square Cash,Read More

1 Second Delay in Transaction Time Costs 12 Customers, Braintree Says

1 Second Delay in Transaction Time Costs 12 Customers, Braintree Says

by August 3, 2015 at 11:08 am 0 comments

Slower transaction times mean lost customers and lost revenue. Literally. Tyson Hackwood, head of Asia for PayPal subsidiary Braintree, said recently that reducing friction in the payment process is a key to payments success, which not exactly a secret. But he added in the video below that for every second a paymentRead More

PayPal Rides Venmo as It Heads Toward IPO

PayPal Rides Venmo as It Heads Toward IPO

by July 17, 2015 at 11:59 am 1 comment

On Monday, PayPal will once again be an independent company. And as it gears up for its big day, the social person-to-person payments service Venmo is the best thing PayPal has going for it. While PayPal grew a modest 27% in transactions last quarter, Venmo is growing nearly 10 times asRead More