techcrunch

Payment Service Toss Becomes Korea’s Newest Unicorn After Raising $80M

Founded by a dentist, the startup wants to change how Koreans bank South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an 80 million round at a valuation of 1.2 billion. This new round is led by U.S.

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Singles Day Shows Biometrics Are the Norm for Payments in China

Chinese consumers were quick to adopt digital payments, and a recent shopping binge showed they are ready for another leap: biometric payments. On November 11, Alibaba wrapped up Singles Day the worlds largest shopping event and hauled in30.8 billion in total transactions, a staggering amount bigger than Cyber Monday and Black Friday combined.

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Apple Adds Student ID Cards Into Apple Wallet

The education market has long been one of the cornerstones of growth for Apples hardware business, and today the company is leveraging its popularity in it, specifically among college-aged students, to build out a newer effort.

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British Airways Breach Caused by Credit Card Skimming Malware, Researchers Say

A security firm says credit card skimming malware installed by hackers on British Airways’ website a few months ago was to blame for a data breach of over 380,000 credit cards. Payments through the airline’s website and mobile app were stolen over the three week period, but a key clue was that travel information wasn’t […]

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Costco Now Supports Apple Pay Across All of Its US Stores

Apple has landed a big new partner for Apple Pay in the U.S. after Costco began accepting the mobile payment service across 750 stores. The retailer plans to include support at its gas stations, but that isn’t yet complete.

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Apple Pay to Account for 1 in 2 Contactless Mobile Wallet Users by 2020

Apple Pay to account for 1 in 2 contactless mobile wallet users by 2020 The number of mobile payments users who tap to pay using a contactless payment solution provided by their mobile devices maker will grow to 450 million people worldwide by 2020, according to a new forecast from Juniper Research.

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Snapchat Will Shut Down Snapcash, Forfeiting to Venmo

Snapcash ended up as a way to pay adult performers for private content over Snapchat, not just a way to split bills with friends. But Snapchat will abandon the peer-to-peer payment space on August 30th. Code buried in Snapchat’s Android app includes a Snapcash deprecation message that displays Snapcash will no longer be available after […]

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The Blockchain Begins Finding Its Way in the Enterprise

The blockchain is in the middle of a major hype cycle at the moment, and that makes it hard for many people to take it seriously, but if you look at the core digital ledger technology, there is tremendous potential to change the way we think about trust in business.

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HTC’s Blockchain Phone Is Real, and It’s Arriving Later This Year

HTC isn’t gone just yet. Granted, it’s closer than it’s ever been before, with a headcount of fewer than 5,000 employees worldwide – that’s down from 19,000 in 2013. But in spite of those market competition, product mix, pricing, and recognized inventory write-downs, the company’s still trucking on.

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Google Pay Rolls Out Support for Peer-to-peer Payments and Mobile Ticketing

Google is making several updates to Google Pay, its recently-rebranded service for all its different payments tools. Most of these updates were announced earlier this year, but now, Google says they’re actually going live in the app. One of the additions is peer-to-peer payments.

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PayPal Checkout Can Now Be Personalized to Each Shopper

PayPal Checkout can now be personalized to each shopper PayPal today is introducing new checkout technology for e-commerce sites that will dynamically present the most relevant payment method for each customer.

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Zelle Forecast to Overtake Venmo This Year

Despite some concerns over its adoption by scammers, new payment service Zelle is shaping up to overtake rival Venmo this year, according to a new forecast from eMarketer. The firm expects Zelle to grow more than 73 percent in 2018, to reach 27.4 million users in the U.S., ahead of Venmos 22.9 million. Square Cash […]

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