Federal Reserve Bank of New York President William Dudley highlighted the importance of consistent international standards to the safety and soundness of the global payment and market infrastructure system.
The potential exit of Greece from the Eurozone could be beneficial for the price of the digital currency Bitcoin, Tony Gallippi, a co-founder and senior executive at the global Bitcoin payment service BitPay said.
Global markets were diving Monday morning after Greece closed its banks and appeared increasingly likely to miss a critical debt payment on Tuesday, potentially setting off a default that could lead to the country's exit from the eurozone. Yet while economists say the Greek crisis would certainly be a roadblock for the U.S. economic recovery and a […]
Greece’s creditors are pounding on its doors. If the Hellenic Republic defaults on a $1.8-billion debt payment to the International Monetary Fund by month’s end, it could trigger a Eurozone -- or perhaps global -- stock market catastrophe. So far investors in Eurozone stocks have been safe from anxiety over [...]
London-based payments enabler Currency Cloud has closed a $18 million series C round, taking its total funding to $36 million since the company was founded in 2012.
On July 1, Amazon will pay self-published authors based on how many pages have been read in their books. Amazon is using its Select Global Fund and Kindle’s Lending Library feature to balance payments via this feature. Here’s how Amazon...Show More Summary
Cloud-based workforce solutions provider, helmed by former NBN executive Kate Cornick, adds a mobile payment solution to its platform as it gets ready to list on the ASX.
Four payments to be bundled into a single lumpsum worth 1.6bn euros, now due on June 30, global lender says.
Game e-commerce company shifts gears into providing secure digital payments.
Nike may be able to avoid US charges over any involvement in bribery payments to win soccer sponsorships, but could face penalties if US prosecutors decide to clamp down on the global sportswear giant, lawyers with expertise in the subject said. Show More Summary
Digital commerce company PayPal is moving to establish itself as “more than just a button” to a global payments platform as it readies a split from parent company eBay later this year. “We’re coming into the market at a time when the financial services industry is going through some fundamental shifts,” new PayPal CEO Dan Schulman said at PayPal’s… Read More
Payment processor WePay just closed on $40 million in funding from FTV Capital and others, with plans to push its platform globally.
This post was brought to you by CM Telecom, a leading global mobile service company for messaging and payments. While many of us consider WhatsApp a handy way for staying in touch with friends and family, the messaging service with 800 million users is also an incredibly powerful tool for businesses. Show More Summary
The U.S. payments company may be in talks to buy former subsidiary Visa Europe for up to $20 bln. A deal now, though complex to arrange, would bring global dominance and valuable cost savings. An existing put option also means acting now might well avoid a higher price later.
Resistance is futile, so go ahead, "mobile"-ize us! MWC Shanghai, Asia's biggest mobile industry event (July 15-17), features over 250 exhibitors with the pitch that "from connected cars and wearable tech to mobile payments and smarter...Show More Summary
This post was brought to you by CM Telecom, a leading global mobile service company for messaging and payments. Reach the right audience, with the right message, at the right times in their buying journeys—that’s the marketer’s mantra. Show More Summary
Showing some flexibility in its payment model, Uber announced today that it would let customers in Hyderabad, India, pay by cash. “This is an experiment and a global first for Uber across our 300+ cities,” the company wrote in a blog post. “We have worked hard to create a cash payment option that is seamless […]
For the first time ever, Uber has allowed cash mode of payment for availing their cab booking services. Cash payments have been started in Hyderabad as of now, and it is being expected that the option would be rolled out to other Indian cities very soon. Show More Summary
Cutting Russia out of the global banking payment system SWIFT could turn into a catastrophe for the overall system of payments in Europe, according to the head of public affairs at UniCredit Group, Italy, Giuseppe Scognamiglio.