The numbers were in for eBay's 4Q, but it was payments intermediation, and PayPal's disintermediation that stole the earnings show. Here's the impact and the strategy behind the move from eBay to ecosystem
Online marketplace Farfetch is planning to launch new mobile technology that will allow shoppers to flag items with their phones as they shop in stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
SoftBank is acquiring a majority stake in LINE MOBILE, a subsidiary of Line Corporation, which owns and operates the messaging app LINE. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Mobile-first bank Moven has signed a memorandum of understanding (MoU) with financial services provider SBI Group, the Japanese owner of SoftBank. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Social Finance — the online lender better known as SoFi — will be laying off dozens of workers in its mortgage division, despite the fact that the home loans department was one that the firm was holding up as a potential generator for future growth....
The Department of Education is gearing up to roll out a pilot program in which college students’ federal financial aid surpluses will be distributed via prepaid debit cards. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Mick Mulvaney, the acting director of the Consumer Finance Protection Bureau, received questions from Senator Elizabeth Warren of Massachusetts, the head Democrat on the House Financial Services Committee and Rep. Maxine Waters of California as to why new payday laws aren’t being implemented. Get the...
Fiserv, the financial services technology company, announced news on Wednesday (Jan. 31) that its Accel debit payments network has expanded its routing options. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The U.S. subprime auto-lending market continues to show signs of weakness, leading to increased worries among economists that despite the positive-appearing figures being tossed off by the U.S. economy, blue collar America continues to struggle to pay its bills on time. Get the Full Story...
