Ebay dropped PayPal and turned to Adyen to be its primary processing partner; Banking Technology reports that eBay users “do not need to take any action at this time” as the “transition to full payments intermediation will be a multi-year journey”.; the deal will begin with a move in North America in the second half of 2018 before expanding in 2019. Source.
Bill Harris is the former CEO of PayPal and Intuit and is also the founder and CEO of Personal Capital;...
Facebook plans to reveal their crypto plans next week and now they count a group of impressive backers to support...
The current pandemic has shaken our world in ways most of us could not even imagine and fintech companies have...
In an interview with CNBC last week, former PayPal COO and serial entrepreneur David Sacks talks about how cryptocurrencies are fulfilling the original PayPal vision; he explains: "A payment is just a credit to one account and a debit to another. That's a database entry. We believed that, if we could get enough people to participate, money would never need to leave the system. PayPal could become the database of money."; he talks about blockchain technology helping to build web 3.0 and a new wave of innovation; the interview also touched on how the current environment shows some of the same signs of the dot com era, the two ways digital assets are a threat to traditional venture capital and some of the biggest challenges that lie ahead. Source
Companies like TransferWise, Venmo and PayPal have forced banks in Europe to look at creating their own affordable real-time payments service; the idea is in the early stages but it shows the effect that fintech players can have on the traditional banks; the service would also look to head off the increased competitive threat from open banking which is set to begin in early 2018. Source.
The beginning of February '22 will be remembered for one thing: Facebook — and the tech market it has come to represent — had a terrible quarter.
When Facebook first launched Libra they laid out a grand plan to help reshape the financial system, that plan is...
Forbes spoke with Bradley Strock, the company’s chief information officer to talk about how the company has transformed over the years; Strock discusses their focus on being a customer-centric company, their successful shift to mobile and other strategic priorities. Source
According to TechCrunch, scammers are using Zelle to take advantage of customers; a seller of a product who is attempting to defraud customers will ask a customer to pay using Zelle instead of PayPal; many users are not aware that Zelle does not provide some of the same buyer protections that PayPal has been known for; Zelle is more similar to Venmo for transferring money to those you trust. Source