Simon Lee

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Global Automakers CEO Sees a Lot of Concern Over Nafta – Bloomberg

Global Automakers CEO Sees a Lot of Concern Over Nafta<p>Global Automakers CEO Sees a Lot of Concern Over Nafta<p>Global Automakers CEO Sees a Lot of …

Automotive Industry

House panel: CFPB left billions on table when settling with Wells Fargo

The Consumer Finance Protection Bureau has fashioned itself as champion of the little guy, but when it came to dealing with Wells Fargo (NYSE:WFC) …

Apple Pay rollout continues with over two dozen new banks and credit unions added

New banks and credit unions across the country are continuing to adopt Apple Pay, and nearly 30 additional institutions have joined Apple’s list of participating partners since the last refresh last month. Check out the latest Apple Pay banks below:<p>Aloha Pacific Federal Credit Union<br>• Citizens …

3 Companies That Could Lose to Apple in P2P Payments

Deep integration will be the Mac maker's biggest advantage, as usual.<p>Peer-to-peer (P2P) payments have been taking off, and <b>Apple</b> (NASDAQ:AAPL) wants a …

WorldRemit is considering opening a Dublin office due to Brexit

CEO and founder Ismail Ahmed told Business Insider on the sidelines of MoneyConf on Tuesday that the company is currently looking at locations for a possible new office, following last year's vote for the UK to leave the European Union.<p>WorldRemit lets people send money overseas via their smartphone …

Fashion magnate takes $225M+ stake in Swedish payment unicorn Klarna

Payments startup Klarna is ramping up its valuation again as it picks up a new, strategic investor. Last valued at $2.25 billion in 2015, the company today announced that Brightfolk, controlled by fashion tycoon Anders Holch Povlsen, is becoming a “qualified owner” of Klarna — that is, buying up at …

Apple To Debut Peer-To-Peer Payment System This Fall

A month after the rumor mill began swirling with predictions that Apple would soon unveil a peer-to-peer payment system rivaling Venmo and Square …

Hilton co-brand could lift Amex

<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.</i><p>American Express will become the exclusive issuer for Hilton credit cards beginning next January. The announcement marks an expansion of Amex's existing Hilton partnership — …

Android Pay v1.24 prepares to suggest linking unknown membership cards after they're used in a purchase [APK Teardown]

Article Contents<p>The Android Pay team has been going strong with the expansion into new countries and forging partnerships with even more banks, but …

Google

UnionPay takes on Alipay, WeChat Pay

<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.</i><p>UnionPay, China's state-run card network with a near monopoly over the country's payment card ecosystem, announced the official launch of its new QR payment system in …

Android Pay's expansion play

<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Android Pay, which is currently available in 11 markets, including Australia, Japan, and the US, is seeking to grow its reach in 2017.<p>The wallet launched in Russia on May 24. …

Plum bets on Facebook Messenger as the place to manage your finances

Plum is one of a number of fintech startups reimagining how we manage our finances online, in the form of an AI-driven or ‘smart’ chatbot. However, unlike competitors that exist primarily as standalone apps, the London startup (for now, at least) has decided to bet big on Facebook Messenger.<p>The …

Soon you'll be able to pay friends by saying 'Ok Google'

Google is also launching Android Pay in new markets in the near future.<p>Google will make it harder for <i>that</i> friend in your group to make excuses when chipping in for food. The tech titan's voice assistant will be able send personal payments for you in the coming months, just like its rival Siri can, …

Android News

Brazil, Canada, Russia, Spain, and Taiwan will be getting Android Pay soon

Earlier this week, we wrote about some strong evidence hinting that Canada and Russia would be getting Android Pay support imminently. However, …

Android Pay

Google Launches Mobile Payment System

Capping off a week full of mobile announcements for Google, the search giant just unveiled a new payment system tied directly to users’ existing …

Google announces Payment API for faster checkouts in apps, targeted Android Pay loyalty offers, and sending/receiving money via Assistant in coming months

Bitcoin Prices Have Tripled in a Year and Just Hit a New All-Time High

After hitting an all-time high last week.<p>Bitcoin prices have hit a record high, just a few days after breaking the previous all-time high a few days …

PayPal launches a small biz toolset, ‘Business in a Box,’ with WooCommerce & Xero

PayPal today launched a new service, called Business in Box, aimed at bringing more U.S. small business owners to its payments platform. The service, which was developed in partnership with WooCommerce and Xero, offers merchants a suite of tools for running their online businesses, including an …

Snapay aims at the unbanked with an app which replaces cash

There are two billion unbanked people in the world today. Unfortunately the banking industry isn’t very interested in these people, so they are forced to use cash. But even though 4.5 billion people have cell phones, including many of the unbanked, the distribution of access to cash via a mobile is …

Square reportedly acquihires controversial chat app Yik Yak team

Square has reportedly hired most of the staff behind the anonymous chat app Yik Yak, according to <i>Bloomberg</i> sources. The move is said to be a less than $3 million deal for engineers and leaves out the anonymous chat app’s CEO Tyler Droll.<p>Square Inc. acquired the engineering team of Yik Yak, …

Can Shopify Outmuscle Square With In-Store Payments?

Shopify unveiled a new credit card reader. Should it scare Square investors?<p><b>Shopify</b> (NYSE:SHOP) unveiled a new credit card reader last week, its …

Google Wallet is Making Strides, But it's No Venmo Killer

Last month, <b>Alphabet Inc</b> (NASDAQ: GOOGL) (NASDAQ: GOOG) announced Gmail users would now be able to send and receive money on Android devices through its Google Wallet platform. The service had been available through Gmail since 2013 but, until last month, was unavailable on mobile devices.<p>To use the …

Orange is launching a bank because reasons

French telecom company Orange is launching a bank this Summer in France. Orange CEO Stéphane Richard listed some of the features behind Orange Bank this morning at a press conference. And let’s just say that it doesn’t sound as groundbreaking as the company thinks.<p>Just like N26, Revolut and others, …

Mastercard’s new credit card has a built-in fingerprint scanner

Instead of using a PIN or signature to authorize a payment, you scan your fingerprint<p>The rise of mobile payments has made buying things with your fingerprint commonplace, so why not put that technology in a credit card? Mastercard thinks it’s worth a shot, and has built a credit card with a …

THE CREDIT CARD REWARDS EXPLAINER: Examining issuers' battle to attract and retain customers with perks and loyalty programs

<i>This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here.</i><p>Credit card rewards have become so popular in the US that issuers …

FinTech

PayPal teams up with Android Pay for mobile payments

PayPal is joining forces with Google’s Android Pay mobile payments platform, the companies announced this morning – an effort aimed at allowing PayPal to expand its footprint both within mobile applications as well as at brick-and-mortar retailers. The partnership will see PayPal becoming available …

Fintech startup Assembly Payments to double headcount and open new global HQ in Melbourne

Melbourne fintech startup Assembly Payments has announced today the city will serve as its global headquarters as it gears up to hire more than 60 …

Apple Pay Promised to Make Plastic Obsolete. Then Came Wary Shoppers, Confused Clerks

Just 13% of iPhone users have tried the mobile-payment service, by one estimate; Apple works to recruit, train merchants<p>Nancy Schrum watched curiously as a colleague from her law firm waved an iPhone above a credit-card reader to buy a Subway sandwich with Apple Pay earlier this year.<p>“I have that, …

Apple Pay

Moat Of Credit Card Processing Industry Explained

Currently, Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A), in other words, Warren Buffett, holds Mastercard (NYSE:MA), Visa (NYSE:V) and American …

FinTech

It's On The Cards - Long Visa

This article takes a look at payments giant Visa (NYSE:V), a company familiar to everyone with a payments network, VisaNet, that processes over 100 …

Investing