Paris-based #startup #Lydia, on its way to becoming a leader in #French mobile payments, has raised a $ 16.1 million round of #funding to #become the next #PayPal in mobile payments. While a lofty goal, Lydia has demonstrated impressive growth in 2017, processing about a million transactions a month, it told TechCrunch. It has over a […]
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#Good #news and bad news for #PayPal. Good news: Bank of America #Merrill #Lynch announced a #partnership with the payments platform that enables #BofA’s U.S.-based commercial clients to make payments in international payments in local currencies to payees with PayPal accounts in countries including Mexico, France, Germany, Italy, the U.K., and the Philippines. Bad news […]
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#American Express is the “most-loved” financial service on #social #media in #2017, according to a recent report, followed by #PayPal, Vanguard and #bitcoin. NetBase examined 55 brands across sectors including banking, credit cards, investment banking, payment services, insurance, online lenders and crypto. To find out which brand was the consumer favorite, at least on social […]
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Berlin-based savings #deposit marketplace #Raisin has received capital from payments company #PayPal, which will be used to push the #fintech’s growth in the market. The amount of funding, described as a “strategic investment” by PayPal, remains undisclosed. However, the backing by PayPal joins a €30 million ($ 35 million) round the fintech raised earlier this year […]
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One of #PayPal’s recent acquisitions, payments processor TIO #Networks, has suffered a #data #breach that puts the information of 1.6 million of the processor’s #customers at risk, the company said in a statement on Friday, December 1. PayPal acquired the processor in July of this year. A review of the TIO network “has identified a […]
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EXCLUSIVE- #PayPal wants to move #beyond #payments, according to its CFO John Rainey, who said the company will focus on a combination of partnerships and investments in companies that can propel the payments companies into other areas. Rainey pointed to the PayPal’s recent partnership with investing platform Acorns as an example of this desired move […]
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EXCLUSIVE – The latest in #PayPal’s busy week: the payments company is now letting users create an #invoice through the #Facebook #Messenger service, expanding on its recent partnership with the social media platform to enable P2P payments through Facebook’s chat service. In a corporate blogpost yesterday afternoon, PayPal announced that it would now let sellers create […]
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Payments company, #PayPal will sell its U.S. #consumer loan portfolio to #Synchrony #Financial. Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $ 5.8 billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. Synchrony Bank has been PayPal’s banking #partner since 2004. In addition to selling its credit […]
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#Digital wallet adoption is slowly on the rise, and payments provider #PayPal seems to be the most popular choice for #users. Users of the PayPal digital wallet far extend users of its closest competition, #Apple Pay, according to a Market Force Banking Study released yesterday. The study, which polled about 6,500 banking customers in August […]
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EXCLUSIVE- #Four #years ago in September, payment processor #PayPal acquired #Braintree, along with Braintree-owned Venmo. Since then the San Francisco-based Braintree has catapulted itself through innovation, APIs and a giant network – curtsey of PayPal – to the front of the payments stage. But while Braintree has benefited tremendously from its PayPal purchase, Juan Benitez, General […]
Bank Innovation
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