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4 Mar 2021, 9:30 am by Kristian Soltes
Recent steps by Walmart Inc., the world’s largest retailer, to create a fintech division has sent shivers across Wall Street. [read post]
18 Feb 2021, 9:15 am by Kristian Soltes
Citi Loses Bid to Recoup Massive Mistake in Surprise RulingBloomberg Law – February 16, 2021 Citigroup Inc. unexpectedly lost a legal battle to recover half a billion dollars it sent Revlon Inc. lenders, after the embarrassing blunder forced it to answer to regulators and tighten its internal controls. [read post]
28 Jan 2021, 9:34 am by Kristian Soltes
PayPal Expands Its QR Payment App to Small Businesses via VistaprintDigital Transactions News – January 27, 2021 Vistaprint, a provider of physical and digital marketing materials to small businesses, announced Wednesday an agreement with PayPal Holdings Inc. to enable small businesses to accept payments through Quick Response codes. [read post]
19 Dec 2020, 12:29 pm by Russell Knight
Cerro Flow Products, Inc., 136 NE 3d 1108 – Ill: Appellate Court, 5th Dist. 2019 The Right To Privacy During Discovery In An Illinois Divorce The fourth amendment to the United States Constitution protects “[t]he right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures. [read post]
17 Dec 2020, 8:04 am by Kristian Soltes
Paxos, a New York-based partner of PayPal that runs the cryptocurrency exchange iBit, announced its application in a blog post Dec. 9, when it described a national trust charter as the most efficient means for the company to realize its mission of enabling “the movement of any asset, any time, in a trustworthy way. [read post]
4 Dec 2020, 6:16 am
Securities Industry Commentator: A legal, regulatory, and compliance feed curated by veteran Wall Street lawyer Bill Singer http://www.rrbdlaw.com/5579/securities-industry-commentator/GUEST BLOG [In]Securities: Sometimes, a Man of Peace By Aegis Frumento Esq (BrokeAndBroker.com Blog)SEC Charges Sequential Brands Group Inc. with Deceiving Investors by Failing to Timely Impair Goodwill (SEC Release)Justice Department Announces Additional Distribution of more than $488 Million to Victims of… [read post]
12 Nov 2020, 7:24 am by Kristian Soltes
But the complaint also details Visa’s “long history” of trying to stop other emerging rivals, including PayPal Holdings Inc., from expanding into the online debt market. [read post]
5 Nov 2020, 7:35 am by Kristian Soltes
Plaid provides the technological infrastructure underpinning an array of next-generation financial apps, including Venmo, the digital money-transfer service owned by PayPal Holdings Inc. [read post]
29 Oct 2020, 7:36 am by Kristian Soltes
Venmo, Square Cash, and PayPal Give the QR Code a Second LifeForbes – October 27, 2020 My journey with QR codes in payments began in 2012 when I led the digital wallet efforts at Bank of America. [read post]
22 Oct 2020, 7:06 am by Kristian Soltes
., Ltd. and Samsung Electronics America, Inc. on Friday in the Eastern District of Texas, alleging that Samsung infringed its contactless payment method via its Samsung Pay service on its mobile devices. [read post]
8 Oct 2020, 8:56 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: House Panel Says Big Tech Wields Monopoly PowerWall Street Journal – October 6, 2020 America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. [read post]
13 Aug 2020, 6:59 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: With a Compliance Deadline Looming, Technology Emerges to Ease Gas Pump EMVDigital Transactions News – August 7, 2020 Sound Payments Inc., a multichannel technology provider that offers point-of-sale solutions for the petroleum industry, expects its partnership with National Retail Solutions, a subsidiary of IDT Corp., to accelerate adoption of EMV at in-pump card readers among independent gas stations and convenience stores. [read post]
6 Aug 2020, 7:14 am by Kristian Soltes
-based iPhone maker has bought Mobeewave Inc., a 9-year-old technology firm based in Montreal. [read post]
30 Jul 2020, 7:14 am by Kristian Soltes
To preserve network competition in a market dominated by Visa Inc. and Mastercard Inc., the amendment also required issuers to make at least two unaffiliated debit networks available to merchants for transaction routing. [read post]