Alibaba Inc., the Chinese e-Commerce giant that is on track for a massive U.S. IPO, has updated its SEC filing to include the 27-member group that will control the company. The filing also includes nominations for Alibaba’s board of directors, which will include Chairman Jack Ma and Vice...
Y Combinator announced earlier this week that it had selected BitAccess, the bitcoin ATM manufacturer, to be part of its incubator program. Reportedly, the incubator is investing $120,000 for a 7 percent equity share in the startup. Justin Kan, a Y Combinator partner, explained to...
Alibaba, the popular Chinese ecommerce site, has been making headlines recently for everything from launching a U.S. ecommerce site to announcing that it would soon go public. Now, Alibaba will also be known for being part of the “biggest merger in the history of China’s...
Check 21 payment firm CheckAlt announced this week that it had acquired the ERAS subsidiary from Diebold, Incorporated. According to a company press release, CheckAlt will now have a stronger foothold not only in the Check 21 industry, but also in item and payment processing...
Old news but new analysis. Check out Karen Webster’s take on the news that stopped the payments world from spinning on its axis for a little while yesterday.
Merchants today are taking an interest in EMV like never before. But with the card networks’ mandated liability shift more than a year away, those retailers making upgrades today often have broader security interests in mind. For one top terminal maker, citing EMV just makes...
Last week’s Apple WWDC keynote has prompted a bunch of Monday morning quarterbacking with respect to Apple’s plans for devices, software and even payments. Although Tim Cook’s and Craig Federighi’s keynotes were devoid of any direct reference to how Apple would pursue “payments,” (even disappointing...
Apple has announced its purchase of Spotsetter, a social search engine that uses big data information about locations around users to make personalized recommendations about places to go and see. According to reporting by TechCrunch, the acquisition is mainly a move to grab up the...
Activist Investor Carl Icahn has picked up at 9.4 stakes in the discount retail chain Family Dollar Stores, Inc. Taken with the investments of Icahn’s affiliate investors, the total buy is worth 10.7 million shares worth about $266 billion. “Carl Icahn is not someone who’s...
