Friday , June 22, 2018

Competitive Strategies

Square Expands Bitcoin Service and other Digital Transactions News briefs from 2-1-18

PayPal Holdings Inc.’s stock was trading down about 7.5% as of mid-morning Thursday, hours after an announcement from eBay Inc. that the big marketplace will shift transaction processing from long-time provider PayPal to Netherlands-based processor Adyen. EBay’s business accounts for about 13% of PayPal’s volume, a share PayPal said Thursday …

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For PayPal, a New Deal Extends Its Link to eBay Even As It Seeks Out Other Marketplaces

PayPal Holdings Inc. on Wednesday said it has reached an agreement with its former owner, eBay Inc., that calls for PayPal to act as a checkout method on eBay for three years beyond the end of the five-year pact that separated eBay and PayPal in 2015. In that three-year period, …

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Bank-Owned Zelle Puts Venmo’s Millennial Enthusiasts Squarely in Its Cross-Hairs

Payments observers who think Venmo and Square Cash have locked up the Millennial crowd for peer-to-peer payments may have to reconsider. With the new advertising blitz it announced Monday, the bank-owned Zelle service is making it plain it plans to steal its share of this huge consumer market. “The advertising …

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Sage Payment Solutions Rebrands As Paya And Aims at Higher Visibility As a Payments Company

Seven months after paying $260 million for Sage Payment Solutions, the U.S. merchant-services arm of Sage Group plc, investment firm GTCR LLC is giving it a new name—Paya—and a refreshed strategy to add more merchants to its portfolio. Announced Tuesday, the Paya name for the Reston, Va.-based payments provider signifies a …

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Facing Popular P2P Rivals, Bank-Owned Zelle Posts Healthy Growth And Revs up Ads

In the hotly contested person-to-person payment business, financial institutions have felt left behind by technology impresarios like PayPal Holdings Inc. and Square Inc. that have entered the market over the past few years with slick P2P apps. But on Monday, the banks’ Zelle network released fresh numbers indicating healthy growth …

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Bitcoin Transaction Fees Ease off Sharply, But How Long Will the Trend Last?

Long confirmation times and hefty transaction fees have pushed some Bitcoin backers to back away from the digital currency in recent weeks, but now there are signs that one of those problems is easing significantly while the other is growing much worse. The median transaction fee stood at $5.69 as …

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Starbucks Brews New Cards and Mulls Blockchain Technology

Investors gave Starbucks Corp. the cold shoulder Friday morning on news that despite a record $6.1 billion in quarterly revenues, growth is slowing in the United States. But the coffee giant’s payments business has several initiatives brewing, executives reported late Thursday. A leader in closed-loop prepaid cards and mobile payments …

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Tender Armor’s Cash Infusion Aimed at Growth And New Hires to Fight Online Fraud

Fraud-prevention specialist Tender Armor LLC intends to use the proceeds from its latest funding round to hire more personnel and launch its marketing efforts. Announced Thursday, the funding round, for an unspecified amount (though characterized as “multimillion”), is a big step in growing the startup, says Madeline K. Aufseeser, chief …

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The Democratization of Bitcoin: An ATM Network Appeals to Average Joes

Bitcoin may have slipped from the near $20,000 price it commanded a little over a month ago, but it’s still selling for around $11,000, nearly a dozen times its value a year ago. That’s drawing in plenty of investors and other high rollers, but it’s also attracting average citizens, including …

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