PYMNTS

NOVEMBER 12, 2019

Bitcoin payments app Fold has announced that its users can now get 3 percent back in bitcoin when they book a stay and experience on Airbnb. Fold allows its users to buy gift cards for bitcoin with 3 percent cashback, currently offering $25 or $100 gift cards on its website. And the U.S.

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PYMNTS

DECEMBER 28, 2020

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. The funding round was led by Pantera Capital and included Coinbase Ventures and LuneX Ventures. In other news, the U.S.

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PYMNTS

NOVEMBER 5, 2020

Square posted third-quarter results that showed continued tailwinds in card not present transactions, a continued shift to larger seller contributions to gross payment volumes (GPV) and increasing embrace of Cash App. Stripping out the impact of bitcoin, Square said that CashApp revenues were up 174 percent year on year to $435 million.

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PYMNTS

DECEMBER 16, 2020

In today’s top news in digital-first banking, FIS is working with Quontic Bank on the Bitcoin Rewards Checking Account, while Aeldra has chosen i2c Inc. Plus, Barclaycard is launching a Barclaycard Precisionpay Go system to let companies issue virtual cards for the online business expenses for employees. . Aeldra’s U.S.

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PYMNTS

FEBRUARY 15, 2018

13) that it disabled the ability for customers to add new credit cards as a payment method for those in the U.S. In recent weeks credit card companies have said they are banning the use of their cards to purchase digital tokens. customers should switch their payment method to debit card or a bank account.

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PYMNTS

NOVEMBER 5, 2019

The type of tax paid — capital gains tax, corporation tax, income tax, national insurance contributions, stamp taxes or VAT — will be decided by the tax authority. In other news, crypto exchange Bittrex is being sued over a SIM swap that enabled criminals to obtain 100 bitcoin, currently worth nearly $1 million.

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PYMNTS

FEBRUARY 26, 2020

Square has posted Q4 earnings results , showing continued evolution from the firm’s roots 11 years ago as a point-of-sale payments processor with on-site card readers toward — what management described as — an “ecosystem” tying sellers and consumers together across a digital platform that includes capital loans and payment apps.

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PYMNTS

OCTOBER 5, 2020

MyChargeBack Vice President of Global Operations Michael Cohen indicated that credit card chargebacks are a potential option 18 months following the transaction date in some instances. And, in regard to digital currency, consumers might only be able to recoup money in the event of unauthorized transactions.

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PYMNTS

DECEMBER 8, 2017

The others, however, are working with more cutting-edge tech, including bitcoin and artificial intelligence (AI), and just so happened to see the largest funding rounds of the week. Axiom Capital, AME Cloud Ventures and other investors also participated in the funding, which brings Happay’s total valuation to as high as $55 million.

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PYMNTS

JANUARY 26, 2018

Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 Thus, bitcoin traded below $10,000, and cryptos traded down in sympathy. And lest you think changes in tax policy sow confusion only in the United States, think again.

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Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

APRIL 10, 2017

Wells Fargo found yet more fraud problems in its organization; Amazon announced some hi-tech staffing expansions and bitcoin finally found a government with the will to recognize it as a currency. Japan Gives Bitcoin a Big Thumbs Up. at the hands of the SEC, bitcoin world was looking for some good news. Ready to make the leap?

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PYMNTS

FEBRUARY 2, 2018

bank is banning customers from purchasing cryptocurrencies using its credit cards, according to Bloomberg reports. Bank of America (BofA) officially announced it “will begin declining credit card transactions with known cryptocurrency exchanges” today through a memo distributed to employees on Thursday (Feb. The second-largest U.S.

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PYMNTS

JUNE 1, 2018

Shares of Square have risen almost 50 percent, adding about $8 billion in market value, since the company launched bitcoin trading last year for its Cash App customers. Square’s founder and chief executive, Jack Dorsey, helped to enable merchants to accept bitcoin as a payment method back in 2014. Didn’t see much. percent of total U.S.

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Bank Innovation

MAY 3, 2018

Square made a splash when it announced it would sell bitcoin in its Cash app, but failed to make much money doing so, it was revealed yesterday. But working with the cryptocurrency taught the payments company quite a bit about blockchain technology, and how it ends up employing that knowledge may be the true payoff […].

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PYMNTS

NOVEMBER 8, 2018

Bitcoin-related revenues stood at $43 million through the Cash App (which allows users to buy and sell the cryptocurrency), up from $37 million in the second quarter. Transaction-based revenues were $655 million, up 29 percent, and Square said that profit as a percentage of GPV was 1.07 percent in the latest quarter, up from 1.05

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PYMNTS

FEBRUARY 28, 2018

Square posted results that topped the Street amid a diversifying model that saw traction not just in gross payment volumes with its traditional enterprise point of sale business and Square Capital , but in consumer-focused initiatives as well, including its Cash App. Drivers included Instant Deposit , Caviar and Square Capital.

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PYMNTS

SEPTEMBER 12, 2016

While it’s not hard to foresee the CFPB fining a bank in any given week, the fact that one of the biggest banks in the country had employees creating scores of fake credit card and bank accounts was something that was hard for anyone to truly predict was in the offing. Dunkin’ Donuts Now Buyable With Bitcoin.

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PYMNTS

MAY 6, 2020

Yet the company also saw a significant uptake in its Cash App, even excluding Bitcoin transactions. The company said that, excluding Bitcoin, Cash App revenues were up 98 percent, at $222 million, while Bitcoin revenues stood at $306 million. In terms of headline numbers, the company’s reported revenues of $1.4

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Chris Skinner

MAY 24, 2017

Things we’re reading today include … Moody’s downgrades China for first time since 1989 as it warns financial strength will erode as debt mounts Google plans to track credit card spending Funding Circle wins approval from regulator in peer-to-peer boost Potential settlement in RBS £12bn rights issue trial hit by further delays as (..)

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PYMNTS

MAY 27, 2016

Consumers can look forward to soon saying goodbye to the min-6-to-8-characters-with-a-capital- letter-and-number ritual for logging into a website. Gox, the Toyko-based and now defunct bitcoin exchange run by Mark Karpeles, all sorts of people were trying to find the missing bitcoins that vanished when the exchange went belly up.

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Payments Source

JULY 8, 2016

and bitcoin startup Xapo have joined together to give consumers in Buenos Aires a new way to pay for rides after banks in Argentina’s capital began blocking debit-card charges for the ride-sharing company. Uber Technologies Inc.

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PYMNTS

JUNE 14, 2018

Powering the push in spending, according to the Commerce Department reports, are historically low unemployment figures , wages finally starting to show real gains and additional liquid capital among workers due to the tax cuts of late 2017. Bitcoin: Pricing cracks below $6,600, amid news of U.S. According to Moody’s forecasts, U.S.

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CB Insights

AUGUST 16, 2021

The round drew participation from Black River Ventures, Ventura Capital, and Koch Disruptive Technologies. Since its inception in 2017, Upgrade has provided mainstream customers with over $7B in credit through cards and loans. HOW’S THE COMPANY PERFORMING? It also offers a checking account that features 2% cashback rewards.

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PYMNTS

DECEMBER 17, 2020

FinTech GoCardless has raised $95 million in a Series F funding round led by Bain Capital Ventures. Bitcoin Rally Here to Stay — Or Fleeting? Bitcoin is up about 200 percent year to date as 2020 draws to a close. Plus, Fiserv is acquiring Ondot Systems to further its digital capabilities. BarkBox To Go Public Via SPAC At $1.6

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Accenture

FEBRUARY 28, 2017

Contactless card transactions in the UK will rise to between 6bn – 9bn txns in 2017, and 20bn – 30bn txns across Europe (compared to my forecasts a year ago of 3bn txns for UK and 9bn txns for Europe for 2016). However, banks will continue investments in blockchain technology, but mainly in capital markets, outside of payments.

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Accenture

FEBRUARY 28, 2017

Contactless card transactions in the UK will rise to between 6bn – 9bn txns in 2017, and 20bn – 30bn txns across Europe (compared to my forecasts a year ago of 3bn txns for UK and 9bn txns for Europe for 2016). However, banks will continue investments in blockchain technology, but mainly in capital markets, outside of payments.

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Payments Bitcoin Samsung Fraud 150

PYMNTS

NOVEMBER 20, 2019

“We began researching XRP more than a year ago and have already identified several hundred XRP accounts linked to illicit activity ranging from thefts to scams and the sale of stolen credit cards,” said Tom Robinson, Ph.D., A smaller category was the sale of credit card details. XRP has a market capitalization of about $10.98

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PYMNTS

JANUARY 13, 2017

Amazon Prime (Now With Credit Card!). As Amazon does its part to change the way we shop and pay, here’s another shot across the retail bow: Amazon now has a credit card for its Prime members, giving 5 percent back on every purchase, and there is no additional fee for the card (as it is included with the Prime membership).

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PYMNTS

JULY 17, 2019

million in a seed round, led by Reddit Co-Founder Alexis Ohanian’s venture fund, Initialized, with participation from Golden Ventures, Polychain, Coinbase, Digital Currency Group, and Inovia Capital. The company has already built an online game, SkyWeaver, now in private testing, which innovates on the popular trading card genre.

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PYMNTS

FEBRUARY 28, 2020

In giving some insight into methodology, Intsights said the method used “is similar to mixers, where the actor will deposit Bitcoin into the exchange account and trade it for various Altcoins. Carding” is also a fraudster favorite, according to the report.

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PYMNTS

AUGUST 2, 2018

Customers spent a total of $250 million with Cash Card, tripling the amount consumers spent in December 2017. This year has also seen the launch of bitcoin trading through the Square Cash app. We’re not trying to push on the monetization of bitcoin today,” Square’s CFO Sarah Friar said. million to $408.2

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Lex Sokolin

NOVEMBER 12, 2020

has reinforced the value of Bitcoin. The price of the cryptocurrency rose to over $15,000, breaking again the $250 billion market capitalization barrier. Perhaps this was also driven by the much discussed move from PayPal, the payment processor, to finally incorporate Bitcoin into its currency options. billion users?

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Bank Innovation

JUNE 8, 2018

Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. What is the state of banking innovation today? Each year, we poll the industry to find out. This year, the pressure for banks to innovate is high, as banks no longer […].

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PYMNTS

JUNE 19, 2019

Some of the more notable members include Mastercard, Visa, PayPal, Stripe, PayU, Andreessen Horowitz, Union Square Capital, Coinbase, Xapo, eBay, Uber, Lyft, Farfetch, Mercado Pago, Spotify and Vodafone. This is why Facebook’s Libra will not compete with bitcoin.”. The crypto community had a lot to say. He said to forget the 1.7

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PYMNTS

DECEMBER 8, 2017

With the acquisition of international B2B payments provider Cambridge Global Payments by fuel cards and workforce payment products services provider FLEETCOR Technologies in August, the latter has gained a leg up on competitors in the industry. $55 Here are the numbers: $390 billion | Value of donations to nonprofit organizations in 2016.

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PYMNTS

AUGUST 22, 2016

It’s hard to find POS terminals that will take a government-subsidized debit card in local villages in India, where more than 60 percent of the country’s citizens live. The first thing that many people with prepaid payroll cards do when they get a direct deposit on a payroll card is visit an ATM and withdraw all of the deposit in cash.

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PYMNTS

DECEMBER 31, 2019

High tech — the social media kind — also proved to be a lure for hackers, and where cumulatively 617 million records went on sale on the dark web in February for about $20,000 in bitcoin. Hackers took data spanning bank accounts, Social Security numbers, credit cards and personal information. Separately, around 11.9

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