Tagged: payments

July 26, 2016 @ 10:18 am By JD Alois  |  

WePay, a “payment as a service” platform” has opened up offices in the UK to further expand its reach into the white label payment sector including crowdfunding and other marketplaces.  WePay already provides services to GoFundMe, a very large donations-based platform in the US. The… Read More

June 1, 2016 @ 10:04 am By JD Alois  |  

Last week the largest bank in the Eurozone by market capitalization, Santander, announced it had launched a new app to facilitate live international payments. While payments may not be super exciting (it is a big business though) the method as to how Santander is facilitating… Read More

April 6, 2016 @ 8:41 am By JD Alois  |  

The UK has already staked a claim in the broader category of Fintech having created the concept of Peer to Peer Lending and fostering the most vibrant equity crowdfunding ecosystem in the world. None of this could have been accomplished without the explicit assistance of… Read More

April 3, 2016 @ 3:11 pm By Weiyangx  |  

  A decade ago, bank salespersons were seen at almost every street corner in Taipei. Apart from credit cards, they also offered unsecured micro-loans to ordinary people. As long as you didn’t have a criminal record and could provide your basic information such as ID… Read More

February 25, 2016 @ 4:02 pm By JD Alois  |  

The Payment Systems Regulator (PSR) has told UK banks they should “sell their stake in UK payments infrastructure”. The statement comes after the release of an interim report that reviews the UK’s payment system. The assessment pretty much tells banks they are stifling innovation and competition…. Read More

February 4, 2016 @ 10:02 am By JD Alois  |  

FitPay has announced the closing of $3.1  million in seed funding led by Giesecke & Devrient (G&D). FitPay was founded by payment industry veterans Michael Orlando, Scott Stevelinck and Chris Orlando. Th co-founders have worked at companies like Visa and CyberSource.  G&D is a supplier of mobile… Read More

January 27, 2016 @ 2:44 pm By JD Alois  |  

MangoPay, a payment platform that has focused on the crowdfunding and marketplace sector of finance, has shared a brief update on their progress. According to the company, Mangopay now has hit the following numbers: Over €200 million in payments processed 900 clients and rising 50 +… Read More

January 27, 2016 @ 9:54 am By JD Alois  |  

The Payment Systems Regulator has hired Paul Smith as its new Head of Policy. Smith was previously at the Australian Energy Market Commission (AEMC) where he was the Chief Executive Officer.  He will assume his responsibilities on February 1st. Smith resigned from the AEMC in… Read More

January 6, 2016 @ 10:05 pm By JD Alois  |  

COIN, the credit card replacement that stores digital data to streamline payments, has partnered with MasterCard (NYSE: MA) to provide financial transactions with a group of well-known companies selling wearable tech. COIN, now on its 2.0 iteration, will provide both hardware and software which can be… Read More

January 3, 2016 @ 2:07 pm By Spencer Li  |  

A flurry of internet finance-related regulatory documents were issued in China last week just before the New Year. On December 28th, the People’s Bank of China (“PBOC”) issued the final rules on online payments while the China Banking Regulatory Commission (“CBRC”) issued the draft rules… Read More

November 16, 2015 @ 9:48 am By Erin Hobey  |  

  “Throughout the course’s seven weeks, students will explore different sub-industries within the FinTech space, including consumer finance, payments, trading and cryptocurrencies.” The Martin Trust Center for MIT Entrepreneurship and the Finance Group at the MIT Sloan School of Management, in collaboration with the MIT… Read More

October 16, 2015 @ 10:18 am By Samantha Hurst  |  

WePay, a provider of payments as a service for online platforms including GoFundMe, Care.com and FreshBooks, today announced it has been named by Silicon Valley Business Journal as the 5th fastest-growing private company in the region. In making the list, WePay joins an impressive cadre… Read More

October 12, 2015 @ 10:26 am By JD Alois  |  

The European Parliament has adopted the proposal by the European Commission regarding a revised directive on payment services – also called PSD2. The law was originally proposed in July of 2013.  The legislation is designed to protect consumers when they make payments online and via… Read More

May 11, 2015 @ 2:16 pm By Samantha Hurst  |  

Birmingham-based mobile payment startup, Droplet, recently finished its crowdfunding round on Crowdcube. Originally seeking £500,000 for a 12.56% in equity, the company has successfully secured nearly £575,000. Droplet is a mobile payments app that allows users to pay without having to queue, and collect rewards on their phone each time they spend.  Supposedly, one of the reasons businesses love the startup is… Read More

March 20, 2015 @ 2:39 pm By Anthony Zeoli  |  

Facebook has just announced the release of a new “P2P” payment feature incorporated in its messenger service. The application will allow users to send & receive money to each other using their platform. Facebook launched the service saying “it is easy, and it is free”.  The… Read More

December 29, 2014 @ 4:50 am By JD Alois  |  

Global consulting group Accenture recently surveyed 4000 North Americans to gain some perspective on the changing nature of payments and cash.  The internet and digital realm is disrupting just about everything these days and fiat currency has not been immune to the power of technology…. Read More