Tuesday , October 15, 2019

News

October, 2019

  • 14 October

    A Crucial Meeting of 21 Remaining Libra Backers Elects a Board And Appoints Executives

    In the face of multiple defections so far, Facebook Inc.’s controversial cryptocurrency project scored a victory of sorts Monday when 21 remaining backers officially signed on at a crucial meeting in Geneva, Switzerland. In a busy day, the companies making up the Libra Association signed on to the project’s charter, …

  • 14 October

    UPDATED: Leading Investor Decries ‘Value-Destructive Conduct’ at USA Technologies, Pushes for Change

    The honeymoon is over between vending-machine payments provider USA Technologies Inc. and its largest investor, which on Monday accused the company’s board of directors of “value-destructive conduct” and blasted its top brass for “lack of management qualifications or accountability.” The surly announcement by New York City-based hedge fund Hudson Executive …

  • 14 October

    Google Pay Gains Transit Connection and other Digital Transactions News briefs from 10/14/19

    Cubic Corp.’s Cubic Transportation Systems unit agreed to integrate contactless transit cards with Alphabet Inc.’s Google Pay mobile-payments app. The integration will begin with contactless payment systems for transit in London, Miami, and New York.BMW, General Motors, Ford, Renault, and Honda will reportedly begin testing a blockchain-based in-car identification and payment system next month …

  • 11 October

    The Tires Begin To Roll Off Libra as Visa, Mastercard, eBay, and Stripe Withdraw

    Visa Inc., Mastercard Inc., merchant processor Stripe Inc. and online marketplace eBay Inc. said Friday afternoon they will not join the Facebook-backed Libra cryptocurrency project. The defections came a week after PayPal Holdings Inc. became the first of the Libra Association’s 28 tentative members to withdraw in the face of …

  • 11 October

    Payments Deals Dominate 2019’s Fintech M&A

    Payments companies drove merger-and-acquisition activity in the financial-technology sector in 2019’s first nine months, according to a new analysis. Payments firms were involved in four of the top 10 deals tracked by New York City-based investment bank Berkery Noyes Securities LLC. The value of the payments mergers totaled $94.1 billion, …

  • 11 October

    Eye on Crypto: Moving Beyond Bitcoin ATMs; Fighting ‘Tribalism’ on the Blockchain

    Facebook Inc. and its proposed Libra cryptocurrency may have stolen the headlines lately, but in the background companies are working to make cryptocurrency like Bitcoin easier to buy and sell by deploying specialized kiosks and simplifying what can seem to outsiders a quite abstruse payment process. One of the most …

  • 11 October

    Fattmerchant Adds Online-Review Integration and other Digital Transactions News briefs from 10/11/19

    Payments provider Fattmerchant launched an online-reviews integration feature, which provides merchants the ability to view and respond to reviews, such as those on Google, within the Fattmerchant platform.Aiming at hourly workers, a startup called Branch launched a free digital checking account and a debit card through Evolve Bank & Trust and Mastercard Inc.Cybersecurity firm GM …

  • 10 October

    Mobile Wallets Dominate the News, But Most Consumers Still Want Physical Gift Cards

    The holidays are approaching, and with that annual shopping frenzy comes a yearly boost in gift card sales. As it turns out, though, most gift cards are likely to be plastic or paper rather than digital, according to consumer and small-business research released Thursday. While preference for digital cards is growing, …

  • 10 October

    Vineyard Adds Crypto Payment Options and other Digital Transactions News briefs from 10/10/19

    Rabble Wine Co. said it now accepts more than 40 cryptocurrencies on its Web site and in its tasting room via an integration with CoinPayments Inc.Consumer revolving credit contracted by 2.2% in August on a seasonally adjusted annualized basis following July’s 10.5% increase, the Federal Reserve reported. The Fed estimated revolving credit outstandings, …

  • 9 October

    USA Technologies Finally Files Its Overdue Financial Reports

    Unattended-payments provider USA Technologies Inc. announced late Wednesday that it has filed overdue financial reports for its fiscal years 2019 and 2018 ended June 30, as well as several late quarterly reports. The company also restated financial data for some periods dating back to fiscal 2015. The new filings and …

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