Traders are betting that Chinese billionaire Jack Ma is about to get drawn into a bidding war as he seeks to build a global payments empire. Ma's Ant Financial, the financial services company spun out from Alibaba, struck an $880 million...Show More Summary
Int’l Payment Servs., LLC v. Cardpaymentoptions.com, Inc., NO. 2:14-cv-02604, 2015 WL 12656280 (C.D. Cal. Jun. 5, 2015) Old decision, popped up in Westclip. Plaintiff has a registration for ELITEPAY GLOBAL for its merchant payment solutions equipment, services and training business in the credit card processing industry. Show More Summary
VB LIVE: Subscriptions, both retail or SaaS, live or die by their payment processing. And making it a seamless process is increasingly tricky in a global marketplace. How do you marry strategy and tech seamlessly to make the global leap? Join industry leaders in our interactive VB Live event! Register here for free. In developed markets, like […]
Samsung Pay Swedish beta now live, with a limited number of supported devices and payment providers. Samsung Pay's global reach continues to expand, with the payment service's launch in Sweden today. Galaxy owners with a compatible phone, Swedish SIM and credit or debit card can get up and running by opening the Samsung Pay app on their device. Show More Summary
Global payments platform provider Currencycloud has scooped up another £20 million ($25 million) in a Series D round led by new entrant GV (formerly Google Ventures), with participation from existing investors, including Sapphire Ventures, Notion Capital, Rakuten FinTech Fund, and Anthemis. Show More Summary
Veem announced today that it has closed a $24 million funding round. The startup offers small and medium-sized businesses (SMBs) around the world an easy solution to send and receive money. More than 95 percent of enterprises across the world are SMBs, which amounts to over 20 million businesses. “While enterprise-sized businesses can rely […]
In an Order dated January 26, 2017, the Securities and Exchange Commission (SEC) demanded payment of $18.3 million from Citigroup Global Markets, Inc. (“Citigroup”) stemming from allegations that the advisory firm had charged its clients millions of dollars in unauthorized fees from 2000 through 2015. Show More Summary
This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. A new global partnership between MasterCard and software firm Oracle will give Oracle’s clients better access...Show More Summary
Bern - The Swiss central bank on Monday sought to allay fears among citizens that bank notes could eventually be phased out as a result of global money-laundering rules or the rise of alternative payment systems. Cash will remain aShow More Summary
Global technology and innovation company IBM and global payments technology company Visa Inc. have recently joined hands on a common mission. Together,
The financial arm of Chinese internet giant Alibaba Group Holding will invest $200 million in the payments unit of South Korean messaging company Kakao Corp. to grow its global payments network.
Alibaba affiliate Ant Financial has again extended its global reach after it completed its maiden investment in the Philippines. The company, which manages payment service Alipay and Alibaba’s digital banking services and is valued at $60 million, said it made an undisclosed investment in Mynt, a financial venture from Globe Telecom. Show More Summary
Alibaba affiliate Ant Financial announced a surprise deal to acquire international payment service MoneyGram for $880 million last month, but that looks like being just the start of its M&A activities. A source at the company confirmed...Show More Summary
Domestic companies cashing in on India’s cash crunched market with epayment solutions will soon have competition from a global technology giant — Samsung. SEE ALSO: Google is thinking about bringing digital payment services to India Samsung...Show More Summary
DAVOS, Switzerland — Business Insider Global Editor-in-Chief Henry Blodget led a panel focusing on the Global Fintech Revolution. The panel was part of the World Economic Forum's annual meeting held in Davos, Switzerland. One of the panelists was PayPal CEO Daniel Schulman. Show More Summary
Irish digital payment unicorn Stripe has released a report offering further evidence that France’s startup economy has shifted into a much higher gear since 2014 in large part by being more aggressive abroad. “A new wave of French startups are changing France’s economy and the way we do things,” said Guillaume Princen, Stripe’s director of France […]
Alibaba is taking a big step into the U.S. — but it isn’t necessarily what you might think. Its affiliate Ant Financial has revealed it is buying U.S. payments firm MoneyGram for $880 million. Ant Financial is paying $13.25 per share for NASDAQ-listed MoneyGram, a jump on the $11.88 price it held at the beginning of trading on Wednesday. Show More Summary
At a time when globalization has increasingly been called into question, China’s biggest online payments company is seeking a foothold in the U.S. with a major acquisition.
Global accommodation booking site Airbnb is said to be in talks to buy Tilt, the crowdfunding company that allows for groups and communities to collect, fundraise, or pool money online. The acquisition would be a smart move for Airbnb, given the company's recent expansion into 'experiences', where it basically wants to go beyond just a […]
Cubic Transportation Systems (CTS) has announced that John Hill, senior account director for the city of London, CTS, will speak about the growing usage and success of contactless bankcard payments at the 9th Transport Ticketing Global conference.