Square’s peer-to-peer Cash App, drove the company’s performance in the second quarter. Square reported $1.92 billion in net revenue for the second quarter – a 64% year-over-year jump – despite an $11 million loss.
Read MoreApple has acquired Canada-based payments company Mobeewave for $100 million. After launching a credit card with Goldman Sachs, this is the tech giant’s latest move into financial services.
Read MoreIn its best quarter ever, payment provider PayPal reported total payment volume was $222 billion in the second quarter, a 29% jump year-over-year. Quarterly profits grew 86%.
Read MoreA report from the investment banking unit of Bank of China urged Chinese institutions to increase the use of a Chinese financial messaging network in lieu of SWIFT, for cross-border transactions in the mainland, Hong Kong, and Macau.
Read MoreA bipartisan Senate bill put forward by Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D. would prohibit retailers from turning away cash payments from customers.
Read MoreNew life may be breathed into facial ID due to the coronavirus — no cards, no phones, no touching.
Read MoreThree’s not a crowd for Episode Six, which was founded by CEO John Mitchell, CTO Futeh Kao, and CFO Chermaine Hu. The team discusses its work to help companies around the world with digital transformation, enabling them to easily adapt to shifts in market demand.
Read MorePlenty of consumers now believe fraud is simply a cost of the digital economy. It’s roughly a 50/50 split among those who accept and reject this premise, according to a new survey by the card-issuing platform Marqeta.
Read MoreA Mastercard survey found 46% of respondents have shifted from cards to contactless, and the figure grows to 52% when you look only at people under 35.
Read MoreIt’s been a big few weeks for Visa, which continues to make significant investments in fintech firms.
Read MoreThe sluggish pace of the Fed’s FedNow system has created a surge of interest in The Clearing House's Real Time Payments platform, says Steve Ledford.
Read MoreLast year was a busy time for the major card networks when it came to M&A. Visa this week may have made the latest and biggest splash of all, with its $5.3-billion acquisition of Plaid.
Read MoreSwedish fintech Klarna has had quite a 2019. Now it aims to expand to Australia and other markets in 2020, in large part spurred by its success in the U.S.
Read MoreThese days, “big tech” is held in about as much esteem by the general public as lawyers, members of Congress, and the colleague who empties the coffee but doesn’t make a new pot. But one name that seemed to stay above the fray was Apple.
Read MoreThe co-founder and Kabbagehead (seriously — just swing by his LinkedIn profile) chats about how the company’s technology platform provides solutions for small businesses.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
