Uber Chief Executive Travis Kalanick revealed at the Vanity Fair New Establishment Summit that the company has 40 million monthly active riders and that the average amount riders spend per month is around $50. That gives the ride sharing startup company revenue of roughly $2...
The team at PayPal is waking up to another chipper post-earnings morning today as the firm announces another quarter with a lot of green arrows: revenue was up, and so were profits, active accounts and transactions. Especially transactions, but more on that in a second. Other...
The European Central Bank is showing its distaste for bitcoin, denying it the status of a real currency and highlighting its vulnerability to cyberattack threats. And this all flies in the face of the Bank of England’s stance, which recently cited possible tangible financial advantages...
Banks may not like it, but the demand is here for faster payments — from businesses, consumers and regulators alike. While they’re apprehensive about the technology, financial institutions are facing pressure to adopt real-time payments capabilities to meet that demand and to comply with new...
The inspiration for payments innovation can sometimes come from unlikely places — like investing in bagels only to have an anti-carb diet craze take the market by storm months later. But Tom Villante, CEO and founder of YapStone, didn’t let it get him down. Villante...
The majority of small businesses are not only aware of cyberthreats to their businesses but actually expect to be hit with a cyberattack at some point. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The ridesharing space continues to hit new milestones in the corporate travel space, with businesses choosing to spend their money on these services as opposed to traditional taxis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The distributed ledger technology developed by Ripple is now at trial phase among FinTech innovation group R3 and 12 of its member financial institutions, as the collaborators look to an alternative to traditional interbank global payments. Get the Full Story Complete the form to unlock...
It was another stellar week for B2B FinTech startups, which announced a collective $191.8 million in venture capital and growth equity investment this week. Funding rounds this week were all about the startups that help businesses get paid faster, through more channels, more securely, regardless...
