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Adyen Shares Start Trading At 67 Percent Above IPO Pricing

PYMNTS

Adyen offers payment processing for stores and online transactions — tasks traditionally controlled by major financial institutions, credit cards and some IT suppliers. ABN Amro Bank NV , BofA Merrill Lynch and Citigroup were appointed as joint bookrunners. Adyen stands outside that system.

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New Big Tech Attacks, Uber Subscriptions Dominate Week’s News

PYMNTS

Nevada Marijuana Dispensary Uses Food Trucks to Sidestep Cards Regs. No one would ever mistake a marijuana dispensary for a food truck, but that is what one shop in Reno, NV calls itself when charging customers’ credit cards. PayPal’s Q2 Rattles Investors. On Tuesday (July 23), that push lost some steam, at least temporarily.

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Where are they now? A look at FinovateSpring 2015 Best of Show Winner Successes

Fintech Labs Insights

May 2015 demo: Avoka showed Transact for Financial Services , which combines social, cloud services, and crowdsourcing into the world’s fastest credit card application. HQ: Las Vegas, NV. What they’ve been up to: December 2015: Ciright One purchased Stratos Card. April 2015: Stratos Card began shipping.

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Can Legal Pot Thrive With Closed-Loop Payments?

PYMNTS

Governor Steve Sisolak (D-NV) has authorized what The Associated Press called a “limited marijuana banking system” for the state, a tourist mecca where recreational cannabis is legal. The aim is to create “an online system where digital currency could be sent and received.” The news is a bit vague so far, but certainly significant.

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