Mastercard Send will now be the payment rails behind Stripe’s instant payout feature along with Visa, it was announced today by the parties involved. This function allows Stripe sellers—such as Lyft drivers—to receive payments, well, instantly. “These marketplaces [in the sharing economy] that have popped up aren’t going away, andRead More
Post Tagged with: "Lyft"
Earlier this year, both Uber and Lyft drivers across the country experienced severe rate cuts, reportedly down by as much as 40%. That’s when Christopher David – an Uber driver himself at the time – saw an opportunity for a decentralized, driver-owned rideshare. Think of Arcade City as Uber onRead More
Can a payment be too invisible? Invisible payments are admired throughout the fintech world for the more pleasant customer experience they supposedly deliver. The major theme at the payments-focused Money20/20 in Las Vegas this week was faster money movement, with the secondary point of effortless, invisible money movement. Real-time payments are coming, attendees wereRead More
Uber, which has revolutionized the transportation industry by making it almost effortless to pay for cabs and limos, is reportedly raising a “record-breaking” round of funding, said CEO Travis Kalanick. According to rumors, Uber could be raising up to $600 million at a valuation of $17 billion, a huge jumpRead More