Before Aron Schwarzkopf launched Leaf, creator of the purpose-built LeafPresenter point-of-sale tablet, he was obsessed with the concept of the paper receipt. He thought it was wasted potential, and he felt small businesses weren’t able to take advantage of what it could provide them. If...
Uh oh. More bad news for the banks. And this time it doesn’t come from the regulators. The source of bad news is the Millennial generation who have given traditional banks a big “meh” when it comes to the importance they place on banks vis...
03 March 2014 The Think-a-Thon and The Power of Collective Innovation Much innovation is about the lone venture pursuing the dreams of its entrepreneurs, creating a successful product, and reaping vast rewards. Everyone should celebrate that. But sometimes society faces problems that would benefit from “collective innovation”...
Private equity stakeholders are rumored to be mulling an attempt to buy out PayPal from parent eBay Inc. While nothing is confirmed, private-equity players are alleged to be positioning themselves in case eBay decides to spin off PayPal as a separate company by its owner,...
Osama Bedier, a former Google Wallet vice president, has joined WePay’s board of directors. Bedier, who also served as vice president of platform, mobile and new ventures at PayPal, will assist with WePay’s international growth plans, the company said in a Feb. 12 press release....
04 March 2014 MasterCard has announced that it has expanded to seven new markets in Africa. The development raises the number of African markets that accept MasterCard to 48, the company said in a March 4 press release. MasterCard products and services are now accepted in...
07 March 2014 Bank of America recently introduced “Safe Balance,” a low-cost checking account option that won’t allow check writing but will support online and mobile banking and bill pay. With its $4.95 monthly rate, the bank reportedly hopes to entice low-income customers and to...
07 March 2014 India’s leading ecommerce site, Flipkart, has recent surpassed the billion dollar mark in its annual Gross Merchandise Value (GMV). This represents a 100 fold increase from the companies initial GMV of $10 million in 2011. “With this scale, we are in a...
Speaking at the ReadWrite Mix event, PayPal President David Marcus spoke at length about the history of the company and some of the challenges it faced as it expanded globally. One of the major problems was dealing with country-by-country financial and payments regulations, many of...
