In this week’s PeerIQ Industry Update they cover the increasing likelihood of a recession as forecasts show a 33 percent...
While most global stock markets have fallen by 10 percent or more the publicly traded payments companies have all see...
Payments leaders PayPal and Square have both found the current crisis to be a challenge and a boost to their...
Bernardo Martinez is stepping down from his role as US Managing Director of Funding Circle; he started leading Funding Circle...
PayPal has announced new capabilities that allow for international person-to-person payments in 30 countries with Siri; PayPal's Siri iPhone users can direct international payments to individuals using voice activated prompts; the solution evolved from Apple's iOS 10 operating system; the new offering is part of a focus by PayPal on mobile, a category that reported a 56% growth rate in the third quarter of 2016. Source
On episode 40 I talk with John Paasonen of Maxwell helping lenders serve their communities by channeling mortgage and technology expertise.
Fintechs PayPal and Intuit were the first two non-bank lenders to be approved to lend through the Small Business Association’s...
The $5.8 billion in receivables sold to Synchrony according to a TechCrunch article, “also includes Synchrony’s acquisition of $1 billion in participation interests in PayPal receivables held by certain investors and a chartered financial institution.”; the two companies have partnered since 2004 to offer PayPal users branded credit cards; Synchrony will now be the exclusive issuer of the PayPal Credit online consumer financing program. Source
PayPal’s shares have climbed close to 75 percent in 2017 and now is considered more valuable than American Express; their market cap has doubled since spinning off from eBay in 2015; while it now finds itself on the heels of Morgan Stanley and Goldman Sachs there is still some who fear they might be valued a bit too high; acquisitions, product diversification and partnership agreements have helped push the company in the last year. Source.