For Apple, the road to its next billion-dollar market connects through Atlanta. The consumer electronics leviathan has trained its lasers on the financial payments market — one in which Atlanta is a global hub. About 70 percent of all U.S. Show More Summary
BitPay today announced a strategic partnership with Alternet Payment Systems, Inc. to facilitate worldwide business processing of bitcoin. Alternet Payment Solutions, a subsidiary of APS, Inc., will be working with BitPay to launch its global payment processing business. As Alternet … Continue reading ?
NFC, a technology already used in apps like Google Wallet, allows people to pay with their phones by tapping a payment register at a store. But this is an unfamiliar shopping behavior, and even if it has advantages (like helping shoppers rack up loyalty points for repeat purchases), it is unlikely to see mass adoption without a catalyst. Show More Summary
A new generation of apps make transferring money faster, less expensive, and more precise. They also reduce the hassle of going to a money transfer agency, remembering a checkbook, or finding an ATM. The opportunity is huge. Globally, the market for peer-to-peer transfers and remittances is worth well over $1 trillion. Show More Summary
By Stone Fox Capital: While the majority of the market focuses on the global shift towards payments via credit cards, investors in Visa (NYSE:V) miss that the world is gunning for the high margins of the payment processor. Incredibly, Visa is now valued nearly equal to Bank of America (NYSE:BAC) that has a vastly larger operation. Show More Summary
To further reinforce the previous post on the mobile payment market, I came across a BI deck on the The Future of Mobile Payments. 1. Might be difficult for people in developed nations to digest, but in emerging nations, billions of people don’t have access to banks. Southeast Asia is leading the pack: 2. […]
Bank payment via Facebook is coming to Japan, if you’re a customer of Rakuten. The company is best known for its global e-commerce business, which includes the US site formerly known as Play.com, but it offers a range of other services in its homeland, including banking. Show More Summary
Kelly Kay serves as President and Chief Operating Officer for YapStone, where she oversees the day-to-day operations of the company. With over 15 years of global payment and regulatory experience, Kelly brings vast international experience to the YapStone team. Show More Summary
ByMartin Vlcek: Global Payments, Inc. (NYSE:GPN) reported solid earnings for the final quarter of fiscal 2014 ended May 31, 2014 (SEC filing, conference call). Fiscal fourth quarter revenues grew 9% Y/Y to $674.0M. Cash diluted EPS grew 11% to $1.09. Show More Summary
Global Payments (NYSE:GPN) Q4 2014 Earnings Call July 29, 2014 5:00 pm ET Executives Jane Marie Elliott - Chief of Officer Staff and Executive Vice President Jeffrey S. Sloan - Chief Executive Officer and Director David E. Mangum - President and Chief Operating Officer Cameron M. Show More Summary
One of the recurring headlines adding to the “wall of worry” is the battle between U.S. hedge funds and the Argentina government over payment of the country’s bond debt stemming from the country’s 1998-2002 economic crisis.
Mobile peer-to-peer payment apps, which let people send money to one another instantly, are gaining rapid adoption in the U.S. and globally. Venmo, for example, is now processing at a run-rate of $1.6 billion in volume, according toShow More Summary
``Although the dollar's reserve status won't end overnight, the global payments system is now moving inexorably towards that outcome. The US currency accounted for just 33pc of all foreign exchange holdings in 2013, on IMF numbers, down from 55pc in 2001. Show More Summary
The company looks to eliminate cash crunches for companies with slow-paying customers.
Aimed at further enriching customer experience following the successful rollout of 3G services, Telenor Pakistan has partnered with mobile payments company Fortumo and leading global publisher of digital & social games Gameloft to introduce...Show More Summary
Payments company MOL Global is the latest Asian tech company to seek a US public listing, after it filed for an initial public offering that could raise as much as $300 million, Reuters reports. The Malaysia-based company is perhapsShow More Summary
``Although its use in the international payments system remains dwarfed by the dollar and euro, the yuan, officially known as the renminbi, grew to 1.4 percent of total transactions. That jump moved it ahead of the Hong Kong and Singapore dollars and even with the Swiss franc, the sixth most used currency in global transactions, the IIF study said... Show More Summary
Mobile payments company Square has made a few big decisions in the last several months, one of the most consequential being their plans to go global. In a recent announcement by spokesperson Lindsay Wiese, the company confirmed that Square will be opening an office of over 30 employees in Kitchener, Ontario Canada. The Canadian office […]
By Pete Rizzo Global financial services giant MasterCard (MA) has filed a patent that would seek to incorporate bitcoin into its design for a planned global online shopping cart. Entitled 'Payment Interchange for Use With Global Shopping Cart', the filing was submitted by the New York company to the U.S. Show More Summary
Argentina finds itself in a trap of its own making after tapping New York financial markets -- and New York law -- to cover it debts.