Philanthropic investment firm backed by eBay Inc. founder Pierre Omidyar, Omidyar Network, announced today in a press release on PE HUB its investment in eCurrency Mint (eCM), a Dublin-based company that has pioneered a new technology to enable central banks to issue digital fiat currency, called eCurrency. Funds raised in...
Read More · 7 minutes
American multinational retail corporation Walmart has launched its own mobile payment solution called “Walmart Pay.” The solution will enable a fast, easy and secure way for customers to pay with their smartphones in Walmart stores. Customers can pay with any iOS or Android smartphone, through any major payment type and...
Read More · 2 minutes
Earlier this year, UK-based international remittance FinTech company Currency Cloud raised $18 million in Series C to expand to the US. We have been following the company's success and had the pleasure interviewing Mike Laven, CEO of Currency Cloud, about the company and the services Currency Cloud provides as well...
Read More · 8 minutes
Bank of America has announced a relationship with Viewpost, a creator of a secure business-to-business network that provides electronic invoicing and payments tools for businesses of all sizes. With this relationship, Bank of America will bring Viewpost's unique, collaborative, time-saving technology to their small-business clients across the country. One of...
Read More · 1 minute
The German financial services startup is expanding to six new countries. It will be available in France, Greece, Ireland, Italy, Slovakia and Spain as a first step towards offering a borderless banking experience across Europe. The latest expansion brings the total number of countries where Number26 is active to eight, after taking...
Read More · 3 minutes
European Interchange Fee Regulation (IFR), stands to bring huge savings for many merchants. However, there are fears that payments companies will not pass on savings in their entirety to merchants. United Kingdom {Press Release} New regulation that comes into force today will set interchange caps of 0.3% of the transaction value...
Read More · 2 minutes
After receiving great feedback for our last LTP9 report on the biometric authentication in the payments industry, we couldn’t wait to release the LTP9 report for P2P payments (person-to-person payments). The reason we chose P2P payments is because of the significant increase in the volume of P2P payments reported by...
Read More · 9 minutes
CircleUp: CircleUp is a leading equity-based crowdfunding platform where accredited investors have free access to direct investments in high-growth consumer product and retail private companies that were previously difficult to identify and access. The platform has enabled an online transaction capability to make investments. For retail and consumer product entrepreneurs,...
Read More · 4 minutes
Roberto Valerio, CEO of fraud prevention experts Risk Ident, shared with the LTP team his insights on the issues set to hit online businesses in 2016 and also explained how organizations can combat increasingly sophisticated fraudsters in the coming year. The year 2015 signified major changes in financial services industry...
Read More · 3 minutes
Many researchers believe digital technologies will influence a large portion of the 1.1 trillion dollars of in-store retail sales. Beacons is considered to be one of the major technologies in this equation. Financial Institutions such as banks have also started using beacon technology to boost customer engagement and explore new...
Read More · 6 minutes
The U.S. Securities and Exchange Commission (SEC) has approved an S-3 filing for online retailer Overstock.com to issue new publicly traded shares of the company on the bitcoin blockchain, as shared by the Bitcoin Magazine. Overstock will issue an official statement in the next 48 hours. According to SEC, Form...
Read More · 2 minutes
Blackhawk Network shopper survey reveals growing preference for giving and receiving gift cards, which are the most purchased prepaid product in Canada PLEASANTON, Calif. – [Press Release] – Canadian shoppers are increasingly turning to gift cards for gift-giving occasions, citing choice as the most attractive feature of the cards. “Although gift...
Read More · 4 minutes
