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Data Dive, Columbus Edition: Square, PayPal And One Brave Bank Teller

PYMNTS

Today is Columbus Day, a celebration of Christopher Columbus’ “discovery” of Americas 526 years ago. First, Christopher Columbus never actually set foot in North America, so he discovered an America, not the America. In fact, much of what one learned in elementary school about Columbus is a little bit off. The horror.

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Say Bye-Bye To MCX CurrentC

PYMNTS

Members hoped that the scheme would be attractive enough to consumers that many of them would shift away from what they were using in the store – branded plastic cards – to this mobile payments scheme. Walmart’s Mike Cook was perceived to be the guiding force behind the initiative – long a vocal critic of card networks and interchange.

Mobile 105
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Hard Knocks Edition: MCX, EMV And Square

PYMNTS

Utilizing unique feedback from the marketplace and our Columbus pilot, MCX has made a decision to concentrate more heavily in the immediate term on other aspects of our business, including working with financial institutions, like our partnership with Chase, to enable and scale mobile payment solutions.

Software 109
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The 31 European Unicorns Ranked By Valuation

CB Insights

Select Investors: DST Global, DN Capital, SoftBank Group. Select Investors: Institutional Venture Partners, Sequoia Capital, General Atlantic. Select Investors: Rhone Capital. Select Investors: Index Ventures, DST Global, Ribbit Capital. TowerBrook Capital Partners. OttoBock Healthcare. Valuation: $3.5B.

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Gonzo Notes from Money20/20

Gonzobanker

By 2019, eMarketer is forecasting $210 billion in spend and estimating that mobile payments will surpass payment cards. Only time will tell if that happens, BUT even if it’s close, financial institutions need to make sure their cards are loaded to the mobile wallet. The Chase/MCX announcement was the talk of the first two days.

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55 US Companies That Became Unicorns In 2018

CB Insights

Select Investors: Tencent Holdings, Disney Accelerator, Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Vulcan Capital, ICONIQ Capital. Select Investors: Y Combinator, Sequoia Capital, Khosla Ventures, Kleiner Perkins Caufield & Byers, Wellcome Trust, GIC, SoftBank Group, DST Global. Valuation: $12B.