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Wirecard’s Suspect Accounting Practices Revealed

From inside its grey corporate headquarters in Aschheim outside Munich, Wirecard projects an image of one of Germany’s leading business success stories, a fintech champion to rival software giant SAP.

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PayPal’s Huge Missed Opportunity Could Be Square’s Gain

PayPal’s (NASDAQ: PYPL) move to acquire Venmo through the purchase of Venmo’s then-parent company Braintree in 2013 got a lot of praise at the time. The mobile payment app was seen as an important asset that would help PayPal solidify its leading position in the mobile payment services industry.

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Internet of Payments

The Internet of Payments Has Arrived

From appliances to automobiles, the volume and variety of endpoints gaining internet connectivity continues to grow. According to 451 Research’s IoT Market Monitor, the number of Internet of things (IoT) devices globally will expand from 7.9bn in 2019 to 13.8bn in 2024 (excluding PCs, smart TVs and game consoles).

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Big Tech, Disruption and Trust: Can Uber Cross Over From Mobility to Money?

Sept. 24, 2019 By Monica Eaton-Cardone, co-founder and COO, Chargebacks 911 Uber is a major force in the tech industry. Despite consistently operating in the red, the company commands more than 70% of the U.S. rideshare market and reached an $82 billion valuation at the time of their initial public offering earlier this year.

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Why PayPal’s Approval to Enter China’s Payments Market May Be Less Than It Seems

PayPal Holdings has become the first foreign payments company to gain a foothold in China, more than a year after Beijing said it would open the space to foreign firms. But the deal may be less than it seems, as PayPal, a leader in U.S. digital payments processing, enters China as a bit player.

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Trendsetters on How We Will Pay Next Decade

Sheep are not natural-born leaders. If they were, they wouldn’t need border collies or sheepherders to make sure that they didn’t follow wolves blindly into harm’s way and that they ended up where they needed to be at the end of the day.

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With Momentum From Transit, Contactless Accounts for a Rising Share of Card Payments

With card-based transit payments picking up steam in the United States, a key Mastercard Inc. executive said Thursday that 22 of the network’s physical-world transactions globally were contactless as of the end of 2018. The time to complete a contactless transaction is down to 0.

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Amazon Payment System - Hands as ID

Amazon Tests Whole Foods Payment System That Uses Hands as ID

Forget the titanium Apple Card – Amazon’s latest payment method uses flesh and blood. The e-tailing giant’s engineers are quietly testing scanners that can identify an individual human hand as a way to ring up a sto…

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Payments Giant Stripe Debuts a Credit Card in Its Latest Step Into the Financing Fray

Last week, when the popular payments startup Stripe made some waves with its first move into money lending through the launch of Stripe Capital, we reported that the company was also soon going to be launching a credit card. Now, that news is official.

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Five Trends Shaping Fintech 2020

Five Trends Shaping Fintech Into 2020

Fintech has become a fast-moving field, and the next decade should be no different. Not every startup threatens small and midsize banks, but community banks and credit unions should stay on top of fintech trends to know when it’s time to act on a new opportunity. Here are five trends I see shaping fintech into […]

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Credit Unions Go on Bank-buying Spree

WASHINGTON * Credit unions are buying small banks in record numbers, a trend that is prompting pushback from the banking industry. Credit unions have acquired 21 U.S. banks since 2018, according to SP Global Market Intelligence, compared with 12 purchases in the prior five years.

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Venmo Privacy Settings Pose Risk to Users, Watchdogs Say

People who use Venmo to make payments are vulnerable to stalking, snooping, or hacking, due to the company’s default privacy settings, browser developer Mozilla and the digital rights group Electronic Frontier Foundation said Wednesday.

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