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Payments & Banking

Visa to Acquire Fintech Firm Plaid

Visa Inc. has signed a definitive agreement to acquire Plaid, a network that makes it easy for people to securely connect their financial accounts...

PayPal is China’s First Foreign Payment Platform

Fresh off its acquisition of Honey, PayPal has successfully closed the deal with China’s online payment service provider GoPay. The People’s Bank of China approved...

Mastercard Launches Pilot of Digital ID Verification

Mastercard launched the first tests of a new digital service that has the potential to verify a person’s identity immediately, safely and securely in...

BitPay Now Offers Stablecoin Payments in Its Digital Wallet

BitPay, the world’s largest provider of blockchain payment services, has rolled out stablecoin payments for merchants and consumers around the globe. The company supports payment...

Beware of New Web Skimming Tactic

Online sellers and buyers are advised to be extra cautious when making transactions on the internet as web skimmers are at it again. While eCommerce...

Elavon Acquires Sage Pay to Expand Presence in the UK

Elavon, a global merchant acquirer and subsidiary of U.S. Bancorp, has agreed to acquire Sage Pay, an established payments gateway business in the United...

PayPal to Acquire Shopping and Rewards Platform Honey

PayPal announced that it has agreed to acquire Honey Science Corporation, a rapidly-growing technology platform for shopping and rewards, for approximately $4 billion. Honey, in...

Facebook Launches Facebook Pay Payment Service in U.S.

Facebook is launching a new pay service called Facebook Pay. The service will provide people with a convenient, secure and consistent payment experience across...

PayPal Released 2019 Q3 Earnings Report – Beating Wall Street Estimates

PayPal Holdings, Inc. announced third-quarter results for the period ended September 30, 2019 topping Wall Street estimates. "We had an excellent quarter financially and operationally,...

Alibaba’s AI Deters 300 Million Hacking Attempts

Alibaba’s founder and former CEO Jack Ma said the company’s payments arm, Alipay, faces over 300 million hacking attacks every day, but it hasn’t...