How Visa Plans to Fight the DOJ on Its $5.3 Billion Fintech Purchase

How Visa Plans to Fight the DOJ on Its $5.3 Billion Fintech Purchase

Companies have two basic choices when faced with an antitrust lawsuit from the U.S. Justice Department: Fight or flee. Visa plans to fight. Driving the news: The credit card giant filed its legal response to DOJ’s efforts to block its $5.3 billion purchase of fintech “connector” company Plaid.

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AWS Outage Interrupts Web Service for Spotify, Square and Others

AWS Outage Interrupts Web Service for Spotify, Square and Others

An Amazon Web Services outage affected the digital presence and operations of dozens of companies Wednesday (Nov 25) as one of the subsystems of the massive web operations platform failed.

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Google Pay Positions Itself as Apple Pay, PayPal and Venmo Alternative

Google Pay Positions Itself as Apple Pay, PayPal and Venmo Alternative

Google, which hasn’t gained as much traction with consumers as Apple for getting people to use their phones for payments at retailers, is switching gears.

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Remarkable Claim by Libra Developers: 7x Faster Than Visa

The developers of Facebook’s digital currency Libra project made an interesting claim by publishing an article. Accordingly, Facebook’s payment system will be 7 times faster than Visa-based payment systems. If the claim in the project, which is still under development, is realized, this may give Libra a big increase in the future.

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Two Mastercard Execs Predict a Future in Which Passwords and One-time Pins Will Make Way for a More Streamlined Global Payments System

Two Mastercard Execs Predict a Future in Which Passwords and One-time Pins Will Make Way for a More Streamlined Global Payments System

Artyom GeodakyanTASS via Getty Images According to a recent Mastercard global consumer study, more consumers are using contactless cards or their smartphone to make payments, noting a large increase in the use of digital wallets.

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Not Everyone in the Crypto Industry Is Thrilled About PayPal’s Recent News

Not Everyone in the Crypto Industry Is Thrilled About PayPal’s Recent News

While many in the industry were pleased with Bitcoin’s surge past $13,200 following an announcement that PayPal intends to integrate crypto into its network, some fail to see any benefits beyond the immediate price movement. According to an Oct.

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PayPal to Allow Cryptocurrency Buying, Selling and Shopping on its Network with Venmo to Follow in 2021

PayPal to Allow Cryptocurrency Buying, Selling and Shopping on its Network with Venmo to Follow in 2021

LONDON (Reuters) – PayPal Holdings Inc PYPL.O joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets.

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Financial Services Sector Paves Way for Rebounding Economy

Businesses have been burdened with innumerable headwinds driven by the COVID-19 pandemic. The surge in cases caused demand slumps not seen in decades, as policymakers were forced to compromise between public health and business activities.

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Merchants Need Payment Tech’s Help to Digitize Successfully

The case for the payments industry to help merchants digitize and transform their businesses has never been stronger. A recent report by American Express stated 58% of consumers who have used contactless payments are likely to do so now more than ever before.

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Create Inclusive Digital Banking Experiences for Diverse, Multi-Generational Customers

In 1978, a blizzard hit New York City and closed the banks for four days. New Yorkers who needed cash to buy gas and groceries on that long, snowy weekend turned to technology they had previously ignored: automated teller machines. For more than a decade, customers who preferred to do their banking with real people […]

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