Looks like lots of folk will be leaving eBay—voluntarily or not—as it prepares for next year’s spin-out of PayPal. The company is preparing “at least 3,000” layoffs, which amounts to about 10 percent of its workforce, the Wall Street Journal is reporting. And eBay CEO...
There are now more indications that mobile purchases are now hitting the “more than 50 percent” tipping point. On Monday (Dec. 8), China mobile payment leader Alipay reported that—for the first time—more than half of its transactions were mobile. On Wednesday (Dec. 10), U.S. pizza...
For the first in its five-year history, Square reported on Wednesday (Dec. 10), it’s sellers processed more than $100 million in sales in a single day. And that day was Friday (Dec. 5). Get the Full Story Complete the form to unlock this article and...
The prospect of an Apple Pay Alibaba deal got a lot more likely on Tuesday (Dec. 9) when Alibaba’s Alipay payments unit said that it will now allow users to authenticate their accounts with the iPhone’s fingerprint sensor instead of a password, indicating, according to...
After eBay splits from PayPal, Ebay CEO John Donahoe now plans to quit eBay’s board but remain on PayPal’s board, Recode reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The world’s most popular web-based Bitcoin wallet service, Blockchain.info, suffered a security lapse during a software update that affected hundreds of users, the service said in a blog post on Monday (Dec. 8). Get the Full Story Complete the form to unlock this article and...
Swedish bank ICA will issue MasterCard contactless payment cards to more than 500,000 customers in the first contactless rollout in Sweden, the bank announced on Tuesday (Dec. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
After in-depth discussions regarding the need to speed the ACH process and alternative approaches, NACHA has issued an official Request for Comment for Same Day ACH. Released Tuesday (Dec. 9), the RFC outlines a proposal that would allow ACH payments to be cleared and settled...
Kevin Burke, Visa’s Chief Marketing Officer for its core products, has jumped to Square where he will “head up acquisition channels,” according to a statement Square issued on Tuesday (Dec. 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
