Saturday , February 23, 2019

Adyen Founders’ Good Fortune and other Digital Transactions News briefs from 1/21/19

  • The two co-founders of online transaction processor Adyen are now billionaires thanks to last week’s market upturn, according to Forbes. Chief executive Pieter van der Does holds a 4.8% stake in the company, which went public last year. Arnout Schuijff, chief technology officer, holds a 6.4% interest. Among Adyen’s U.S. clients is eBay Inc., which used the company’s gateway as the foundation of a new payments platform that has allowed it to move away from its long-time reliance on PayPal Holdings Inc.
  • In a test under way at some 60 churches in the United Kingdom, contactless cards now account for half of the offering volume received by card, direct debit, or bank transfer, according to press reports. Houses of worship are starting to figure more prominently in payments processors’ plans. The most recent example is Paya Inc.’s announcement in November of its agreement to acquire Stewardship Technology Inc., a specialist in payments for non-profits.
  • The Chinese mobile wallet Alipay, a unit of Ant financial Services Group, has acquired a European payments license through an arrangement with Luxembourg. The license is expected to allow Alipay to operate across Europe.
  • Munich-based banking technology and currency services provider Giesecke+Devrient GmbH has spun out a new company dubbed Build38 that will assume G+D’s security products and services for mobile app security, connections, and reporting.
  • The giant Japanese online marketplace Rakuten could start accepting Bitcoin starting as early as April, according to press reports.

Check Also

ATM Operator Cardtronics Sees Better Times Ahead After a Rough 2018

It was a rough 2018 for leading ATM network operator Cardtronics plc, but the company’s …