Add another name to the host of competitors facing PayPal: a European service called Paybybank. Paybybank offers a digital checkout service that links directly to a shopper’s bank account, prioritizing security over speed and convenience. The service is described as new in a video released yesterday, but seems to have been available inRead More
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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
The three FinTech startups worth watching this week take markedly different approaches to creating products: two fill needs in underserved markets and one adds a new take on a luxury product to an already well-served market. BLK – Incubated by Curious Minds, BLK takes the “black card” experience of American Express’s Centurion Card (notRead More
Did PayPay pay too much for Xoom yesterday? The purchase price of $890 million put a 25% premium on Xoom’s stock price, which has been on a torrid climb since April. That’s $890 million for a company that lost money last quarter. So why would PayPal give Xoom shareholders soRead More