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PayPal’s Xoom Makes Remittance Deal With Euronet’s Ria

PYMNTS

Customers using Xoom can now go online or use mobile devices to send money to 70 percent of countries around the world via this deal. Xoom launched in 2001 and was purchased by PayPal in 2015 for $890 million in an all-cash deal. Ria’s network includes approximately 355,000 global agents. billion in receivables from PayPal.

US 178
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Banks Turn To 3D Secure 2.0 To Fight Fraud

PYMNTS

Both solutions provide increased fraud protection to online transactions made via debit or credit cards. 3DS was initially introduced in 2001, and has continued to evolve over the past 17 years. Some critics note that increased customer convenience will likely lead to growth in the number of online transactions.

Fraud 165
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.

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Green Dot CEO: 20 Years Of Innovating ‘Banking For The Masses’

PYMNTS

His main exposure to the payments industry was using his Bank of America debit card to pay for things at the store. That brought about an idea to create a card that would give kids — who didn’t have a credit card, but did have access to high-speed internet at school — a way to buy things online.

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No Pain, No Gain? GDPR, PSD2 And The New Payments Reality

PYMNTS

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 52 percent.

Payments 195
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Should Facebook Buy eBay?

PYMNTS

That’s where Reid Hoffman hatched the idea for LinkedIn in 2003 after inviting hundreds of his friends to create online profiles to get his idea for a professional online networking site off the ground. E-Bay acquired online ticket exchange, StubHub, in 2007. Speaking of online retailers, eBay went all out to court them.

Online 128
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Wirecard, Enron And Warning Signs Across Two Decades

PYMNTS

Wirecard, focused on online payments, in recent years created Boon, a mobile app payment system tied to Europe, and offered WeChat Pay to European merchants as recently as this year. Rapidly ascending stock prices belie optimism that the horizon (and profits) remain clear for companies. Both firms promised to transform their industries.

New York 178