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Apple Buys Mobeewave For $100M

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Mobeewave specializes in letting shoppers utilize their smartphones to access a credit card and process payments. The system works via an app and does not require any further hardware beyond a Near Field Communications (NFP) chip, the likes of which have been included in iPhones since 2014, Bloomberg wrote.

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New Greenlight Financial Round Pushes Valuation Past $1.2B

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FinTech company Greenlight Financial Technology , which makes products to help parents raise financially literate children, said Thursday (Sept. The round also included new investors BOND, DST Global, Goodwater Capital and Fin VC and Greenlight’s first institutional investor, Relay Ventures. billion, according to a company blog post.

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Veem Grows Multi-Rail B2B Payment Capabilities

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Digital payment solution provider Veem unveiled central improvements to its routing technology inside of the country and abroad, according to a Wednesday (Dec. Our multi-rail technology is a game changer, offering an unprecedented level of security, speed and service to small business owners,” Veem CEO Marwan Forzley said in the announcement.

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PayPal’s Schulman: Why Payments’ Biggest Innovations Are Yet To Come

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Dan Schulman still vividly remembers the first question he was asked on his first day on the job as PayPal’s CEO in 2014. And, he said, he knew in the answer he was supposed to reassure employees about his allegiance to PayPal’s technology firm roots. In 2014, when Shulman took the helm at PayPal, there were 100 million active users.

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Thought Machine Notches $83M For Cloud Banking

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Cloud-native London FinTech startup Thought Machine has raised $83 million in a Series B funding round led by Draper Esprit, with participation from existing investors Lloyds Banking Group, IQ Capital, Backed and Playfair, Thought Machine announced on Monday (March 2).

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In Card (On Delivery) They Trust?

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Shoppers in those regions often put less trust in online merchants and credit card companies and feel unsure about giving out their personal payment information. An alternative to advanced credit card payments. In countries like Egypt, many people do not have bank accounts or cards,” Shawky said. for less than $50 were cashless.

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Visa, AmEx, Mastercard Face Antitrust Charges In Brazil

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According to a report in Bloomberg citing the Brazilian Administrative Council for Economic Defense or CADE , the Brazilian regulators are looking to see if the credit card companies ran afoul of payment network rules. Bloomberg noted that Visa said in an annual regulatory filing that it’s also looking into the country’s Elo Network as well.