Square’s $200M Payday And Chase’s Web Downtime Get Consumers Tweeting
Here are our top five tweets from the week that was. Keep tweeting, and we may feature you next Friday.
@jcaron2: Passbook but no NFC. Apple clearly has something planned for mpay. Apple Avoids NFC in iPhone 5 @pymnts buff.ly/NpSDoN
It’s been a week since Apple revealed what the iPhone 5 can and can’t do, but that doesn’t mean the conversation about the smartphone has died down. John points out here that by including Passbook but excluding NFC, Apple may have alternate plans for its mobile payments future. And as another reader, @antonmyd, noted, Passbook can still succeed in the mean time through its use of QR codes.
@MichaelBayer: Square just gets bigger and BIGGER. It’s now up to $8 billion in mPayments transactions. Not chump change ow.ly/dS7Wa
No chump change indeed — Michael Bayer notes the impressive $200 million in fundraising Square announced this week. Jack Dorsey’s second company is now valued at $3.25 billion and is the unquestioned leader in the POS/dongle industry. How Square plans to delve into the world of analytics – something Dorsey hinted at last week – remains to be seen.
@ChaseSupport: Chase.com is experiencing intermittent issues. We’re working to restore full connectivity & apologize for any inconvenience.
It was a rough week for two major banks in Chase and Bank of America, who saw their mobile sites threatened on consecutive days. Neither institution has released any details over the outages, but both have assured customers that there’s nothing to fear. That didn’t stop The Financial Services Information Sharing and Analysis Center (FS-ISAC) from raising the Cyber Threat level from “Elevated” to “High,” though, as some groups have claimed responsibility for the attacks in response to the same anti-Islamic video that’s caused riots at U.S. Embassies around the world.
@zerohunger: Partnership between @MasterCard and @WFP will help #hungry people around the world: Pymnts.com/briefing-room/… via @pymnts
We certainly hope so! PYMNTS appreciates the shout out by Zero Hunger Challenge in response to our interview with World Food Programme’s Greg Barros. Quick recap – WFP has partnered with MasterCard to help create a “food voucher” system that could help millions around the world. If you missed the piece, check it out here — it’s one of the more inspiring ways we can use payments innovations we’ve come across.
@TPCarney Obama administration, Fed, have missed 60% of Dodd-Frank deadlines >> bit.ly/Ue7ZYT
The SEC may have hoped we wouldn’t notice, but they stealthily removed proposed deadlines from their website this week. We’re sure what the point of trying to sneak around this was, as we all know the Fed is over a year late on some proposed mandated. The Washington Examiner’s Timothy P Carney really drills this point home by stating that over half of the deadlines have come and gone. Something tells me if I missed that many of my deadlines, I’d be fired.
Have a good weekend, and happy tweeting!
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