Post Tagged with: "global payments"

Payments in Iran Now Said to Be Possible

Payments in Iran Now Said to Be Possible

by April 12, 2016 at 12:03 pm 2 comments

Yet another barrier to business in Iran appears to have fallen. Paymentwall, a San Francisco online payments company, announced today that it has integrated its payment services into the Shetab, which is Iran’s “unified, electronic clearance system for the entire Iranian banking operations that allows it to facilitate transactions fromRead More

FedEx Gets Deeper Into the Digital Payments Business

FedEx Gets Deeper Into the Digital Payments Business

by April 7, 2016 at 9:31 am 0 comments

Welcome to FedEx, the payments business. Amazon may be taking on FedEx in its core delivery business, but FedEx is also beefing up its competition with Amazon, as well as digital payments companies the world over. In an effort to capture a larger slice of the growing e-commerce market, FedEx re-launchedRead More

Global Payments to Acquire Heartland for $4.3 Billion

Global Payments to Acquire Heartland for $4.3 Billion

by December 15, 2015 at 5:29 pm 0 comments

In a time of frenetic payments activity, news arrives of consolidation. Global Payments Inc. announced today that it will acquire Heartland Payments Systems for approximately $4.3 billion. The acquisition was rumored last week, but confirmed today. Together, the two payments technology companies will serve some 2.5 million merchants globally. In the U.S.Read More

CurrencyTransfer.com Prepares Major Funding Round

CurrencyTransfer.com Prepares Major Funding Round

by July 24, 2015 at 10:55 am 0 comments

CurrencyTransfer.com, a currency exchange marketplace for businesses, is preparing a major funding round from institutional investors later this year, the company told Bank Innovation. CurrencyTransfer.com has received an undisclosed amount of funding from angel investors including Errol Damelin, Gigi Levi, Barak Rabinowitz, and Itay Birnboim. Innovative solutions abound for movingRead More

Tiny CBW Bank Finds a Way to Expand Its Global Payment Biz to Mexico

Tiny CBW Bank Finds a Way to Expand Its Global Payment Biz to Mexico

by March 6, 2015 at 11:25 am 1 comment

CBW Bank, the innovative bank in Weir, Kan., known for its partnerships with fintech pathfinders such as Moven and Ripple Labs, will expand its global remittance service within the next 18 months. The announcement that the service would be expanded came from the bank’s CEO, Suresh Ramamurthi, at Bank Innovation 2015 in SeattleRead More

Welcome to the Internet of Value

Welcome to the Internet of Value

by March 3, 2015 at 9:54 am 3 comments

SEATTLE — First, there was the Internet of Information. Then, presumably and as yet not fully realized, the Internet of Things. Next comes the Internet of Value. In a prescient presentation here at Bank Innovation 2015, Chris Larsen, the founder and CEO of Ripple Labs, described a future where valueRead More

USA – world’s largest closed loop payments system?

by October 1, 2013 at 9:13 pm 3 comments

Last year the US contributed close to 20% of the world’s GDP despite coming off the back of the biggest economic downturn since the 1930’s Great Depression. The US, UK, Germany, Russian and CIS States, and China dominate the world’s payment landscape currently, but in volume of non-bank payments the US dominates withRead More

Will China’s Mobile Payment Volume Actually Hit $1.45 Trillion?!?

Will China’s Mobile Payment Volume Actually Hit $1.45 Trillion?!?

by August 1, 2013 at 10:09 am 0 comments

There’s no doubt mobile payment volume is large and growing rapidly in China, but when it comes to putting exact numbers on that volume, well, that’s another matter entirely. Earlier this week the state-owned People’s Daily cited a report by the Internet Society of China that estimated mobile payments in China will exceed 9Read More

Getting Low

Getting Low

by July 25, 2013 at 9:36 am 0 comments

P2PCash P2PCash was born out of the microfinance movement and aims to enable the inexpensive movement of cash between individuals regardless of location. Any cellphone can tap into the network, which also consists of retailers for the dispensing of cash. The service will work just about the anywhere in theRead More

At PayPal, Growth and Margins — While Still Steep — Decline

At PayPal, Growth and Margins — While Still Steep — Decline

by July 23, 2013 at 3:12 pm 0 comments

When tallying profit margins, 280 basis points count. That’s the amount of margin decline suffered at PayPal last quarter compared to 2Q12, and the fall is surprising. Don’t get us wrong, a 23% profit margin and $1.62 billion of revenue last quarter is nothing short of lovely, but the marginRead More