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PayPal’s China Plan; ‘The Deadly Trifecta’; Kabbage Payments Debuts
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How PayPal Plans to Leverage Its Newly Won Foothold in Online Payments in China
Top management at PayPal Holdings Inc. made it clear Wednesday the company will continue to hunt for acquisitions and intends to leverage its recently won clearance to acquire a 70% stake in China’s Guofubao Information Technology Co. Ltd., better known as GoPay. The Chinese venture, in which PayPal will become …
Read More »Regulators Hit MoneyGram for $125 Million; AmEx’s China Breakthrough; Plus Weekly Recap
AmEx Scores a Breakthrough in China With a License to Process Domestic Payments
The major U.S. payment card networks have been trying to set up shop to process domestic transactions in mainland China for years, only to encounter government resistance. But American Express Co. announced a breakthrough Friday with a deal to become the first overseas network to win an OK to operate …
Read More »China Calling
The mobile-payments giants Alipay and WeChat Pay are working hard to expand acceptance outside China, and the United States is a prime market. Here’s what that could mean for U.S. merchants— and for the comparatively less successful U.S. wallets. In the four years since its launch, Apple Inc.’s Apple Pay mobile-payment …
Read More »China’s Alipay Comes to More Than 50 Guess Stores As the Payment Service’s U.S. Expansion Continues
Alipay, the China-based mobile and online payments service, has been active over the past year signing up U.S. merchants, and on Tuesday it announced its latest addition: apparel seller Guess? Inc., which will accept Alipay at more than 50 of its stores in New York City, Las Vegas, and California, …
Read More »Visa Checkout’s Iffy Future; P2P Services Boost PayPal; AmEx Clears China Hurdle
China and Venezuela Lead in E-Commerce Fraud Attacks, Experian Reports
Russia gets a bad rap because of its notorious hackers, but more U.S. e-commerce fraud originates from China and Venezuela than Russia, according to a new report from Experian plc. Experian, which is based in Dublin, Ireland, but has large U.S. businesses in credit reports and marketing and data services, …
Read More »Marriott Will Accept Alipay As Part of an Ambitious Joint Venture With China’s Alibaba
Chinese tourism abroad has already taken off, and it’s expected to grow ever larger in coming years, lifting sales for merchants in the United States and other parts of the world. The latest company to set itself up to cash in on the trend is Marriott International Inc., which on …
Read More »VeriFone Doubles Down on New Products as It Exits the Taxi Business and Retreats in China
By Jim Daly@DTPaymentNews Payment technology provider VeriFone Systems Inc. reported Thursday that it plans to divest its line of products for taxicab payments and media services, and will take a minority interest in a joint venture that will own its current business in China. News of those developments came as …
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