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26 Aug 2021, 8:58 am by Kristian Soltes
Circuit on Monday to overturn its loss to PayPal Inc. in a lawsuit challenging some of the agency’s prepaid card rules, arguing that its power to regulate fee disclosures doesn’t stop at issuing optional “model” disclosure language. [read post]
26 Aug 2021, 8:58 am by Kristian Soltes
Circuit on Monday to overturn its loss to PayPal Inc. in a lawsuit challenging some of the agency’s prepaid card rules, arguing that its power to regulate fee disclosures doesn’t stop at issuing optional “model” disclosure language. [read post]
13 Aug 2021, 8:15 am by Kristian Soltes
Sainsbury’s Settles Swipe Fee Case Against MastercardLaw360 – August 6, 2021 (subscription required) Sainsbury’s Supermarkets Ltd. has reached a settlement with Mastercard Inc. ending litigation between the sides over fees that the U.K. [read post]
13 Aug 2021, 8:15 am by Kristian Soltes
Sainsbury’s Settles Swipe Fee Case Against MastercardLaw360 – August 6, 2021 (subscription required) Sainsbury’s Supermarkets Ltd. has reached a settlement with Mastercard Inc. ending litigation between the sides over fees that the U.K. [read post]
30 Jul 2021, 7:58 am by Kristian Soltes
Referring to PayPal’s new transaction pricing schedule, expected to go into effect Aug. 2, chief executive Dan Schulman made it clear PayPal will be playing for all the marbles. [read post]
9 Jul 2021, 10:11 am by Kristian Soltes
PayPal Zettle Comes to U.S., Enabling in-Person and Omnichannel Digital PaymentsVending Market Watch – July 9, 2021 PayPal Holdings Inc. is bringing PayPal Zettle to the U.S. [read post]
18 Jun 2021, 8:16 am by Kristian Soltes
PayPal Vets Launch Decentralised Cross-Border Payment NetworkFinextra – June 16, 2021 A pair of former PayPal executives has launched a decentralised global payments network to connect banks, merchants and payment providers to transact in digital currencies around the world. [read post]
27 May 2021, 9:15 am by Kristian Soltes
The fintech behemoth, founded by the fabled so-called “PayPal Mafia” that included the tech tycoon Elon Musk and investor Peter Thiel in 1999, is riding high on a mounting wave of digital payments after Covid-19 caused online shopping and contactless payments to surge. [read post]
14 May 2021, 7:51 am by Kristian Soltes
District Judge Yvonne Gonzalez Rogers’ comments came during the examination of Apple Inc. [read post]
6 May 2021, 8:24 am by Kristian Soltes
“The idea is to build a European payment champion that can take on PayPal, Mastercard, Visa, Google and Apple,” Joachim Schmalzl, EPI chair, told FT. [read post]
29 Apr 2021, 8:26 am by Kristian Soltes
Tech Giants Risk Squeezing Out Banks, French Watchdog WarnsBloomberg – April 29, 2021 Payment services run by Apple Inc., Google and Amazon.com Inc. may need monitoring as the tech giants’ largely unregulated financial products squeeze out those of banks, France’s competition authority warned. [read post]
22 Apr 2021, 8:58 am by Kristian Soltes
With the approval during a marathon, partisan hearing, the more than 400-page staff report will become an official committee report, and the blueprint for legislation to rein in the market power of the likes of Alphabet Inc’s (GOOGL.O) Google, Apple Inc (AAPL.O), Amazon.com Inc (AMZN.O) and Facebook Inc (FB.O). [read post]
16 Apr 2021, 8:43 am by Kristian Soltes
Visa’s Incentives to Banks Examined In Justice Department ProbeBloomberg Law – April 8, 2021 (subscription required) The U.S. antitrust investigation of Visa Inc. is scrutinizing deals the company has with banks to entice them to process more online debit-card transactions over its network — spending that surged amid coronavirus lockdowns. [read post]
12 Apr 2021, 7:52 am by Tom Smith
Chenault told executives on the call that several leaders had signaled they would sign on, including executives at PepsiCo Inc., PayPal Holdings Inc., T. [read post]
1 Apr 2021, 9:15 am by Dr. Shuo Liu
In February 2021, Tesla Inc. bought $1.5 billion worth of Bitcoin and announced plans to start accepting the currency as payment for its electric vehicles. [read post]
1 Apr 2021, 9:15 am by Dr. Shuo Liu
In February 2021, Tesla Inc. bought $1.5 billion worth of Bitcoin and announced plans to start accepting the currency as... [read post]
1 Apr 2021, 8:44 am by Kristian Soltes
The most recent target is Payoneer Inc., which announced its $3.3-billion SPAC merger last month. [read post]