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London FinTech SumUp Gets Digital Money License From Irish Central Bank

PYMNTS

Our core products allow our users to take remote and contactless card payments during lockdown situations, and so in a very real way, this [license] will ensure Ireland’s entrepreneurs can keep trading and keep recovering,” Walsh said. The FinTech also has eCurrency licenses in Lithuania and the U.K.

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GoBank Platform Now Powers All Green Dot Products, CEO Says

Bank Innovation

The unprofitable offspring of the industry-leading prepaid card? The technology running GoBank, partially inherited from the Sam Altman-led startup Loopt, acquired by Green Dot in 2012, now underlies the entire Green Dot Read More. GoBank … that’s that mobile bank account from Green Dot, right?

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

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Stop Working on Your App Immediately

Bank Innovation

Since 2012, it has been the fastest growing technology in banking. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. But it comes with Read More.

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 Ransomware Gains Traction, UK BEC Fraud Spikes

PYMNTS

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. Gary Robinson, who serves as head of DCPCU, said that online conduits are gaining favor from fraudsters to further their schemes. “We Kimberly Sponaugle, was charged by the U.S.

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Goldman Sachs Employees? Second Job: Venture Capitalists

PYMNTS

According to The Wall Street Journal , the employees were early backers of companies including Uber , online storage vault Dropbox , and payments company Square. Sources said that recent investments include Ripple Foods , which makes milk from peas, and credit card startup Marqeta.

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Five At Five: Is Walmart Nearing A Deal For A Flipkart Stake?

PYMNTS

Other news includes a fresh look at Sinemia, a movie ticket subscription service that is taking on MoviePass, the latest effort by Sears to win more online retail business, plans for a Tesla rideshare program and a gift card data breach that recently hit a major player in the fleet industry. FLEETCOR Reveals Gift Card Data Breach.

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