PayPal Buying Pinterest? and other Digital Transactions News briefs from 10/21/21
Digital Transactions News staff
October 21, 2021
Acquiring, Debit Cards, Digital Currency, E-Commerce, Law and Regulation, Mergers & Acquisitions, News, Transaction Processing, Uncategorized
- PayPal Holdings Inc. might buy the Pinterest social media company for approximately $45 billion in what would be the tech industry’s biggest takeover of 2021, Bloomberg reported.
- The Consumer Financial Protection Bureau has issued an order to Amazon, Apple, Facebook, Google, PayPal, and Square asking for information on how they use personal payment data and manage data access to users.
- Discover Financial Services reported third-quarter network volume of $126.2 billion, up 16% from $108.4 billion a year earlier. Discover’s Pulse debit network posted volume of $59.9 billion, a 9% increase from $55 billion in 2020’s third quarter.
- Euronet Worldwide Inc. said its Money Transfer segment, which includes the Ria network, handled 34.1 million transactions in the third quarter, up 10% from 30.9 million a year earlier.
- Mastercard Inc. announced a new business-to-business supply-chain service with Demica Ltd. that enables Mastercard partners to provide working capital to business customers.
- Payout specialist Payfare Inc. said it is integrating its service with open-banking provider Plaid Inc., which has connections to financial accounts at more than 11,000 institutions and to more than 5,000 apps.
- Buy now, pay later provider Zip Co. Ltd. announced Zip Fest, a four-day promotion linked to the upcoming holidays. Zip formerly operated in the U.S. market as Quadpay.
- Skrill USA, a unit of payments provider Paysafe Ltd., said its digital wallet has been updated to make online gaming bets easier and faster, including features such as instant funding of deposits and receipt of payouts.
- Stampli Inc., a fintech specializing in accounts-payable automation, launched the Stampli Card, a corporate credit card.
- Pacaso, a platform that lets consumers buy or co-own second homes, said it will start accepting cryptocurrency for ownership shares in homes. The processor is BitPay Inc.
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