Tag Archives: visa

The leading cryptocurrency exchange in the United States, Coinbase, has been approved as the very first “pure-play” crypto-related company to become a Visa principal member. Supposedly, this would allow the exchange to further improve its customer experience.Coinbase Becomes Visa Principal MemberAccording to an official release, the San Francisco-based cryptocurrency exchange has managed to get approval for becoming a Visa principal member.Supposedly, Coinbase is the first company in the...

The Dow Jones Industrial Average (DJIA) futures, as well as the Nasdaq futures and the S&P 500 futures, are moving higher thanks to a number of factors.On account of the United States celebrating President’s Day, the stock market trading remains closed. However, the after-hour trading sessions are still live as major indices surge to continue the market rally further.Today, following the Nasdaq futures and the S&P 500 futures, the Dow Jones futures also showed a modest rise....

Ripple-backed MoneyGram has announced that the new service called FastSend, that was created to allow customers to send money directly to the phone numbers of recipients, will be based on Visa and not on RippleNet or XRP.International remittance giant company MoneyGram has recently announced its new FastSend service in order to facilitate the transfer of money to the recipient’s phone numbers. The service will be powered by Visa and not by the pre-existing partnership with Ripple that offers...

CEO Lightning Labs Elizabeth Stark announced that the company has raised $10 million to further develop their project and scale the developer ecosystem. The tech company also launched its flagship product Beta Loop after a series of testing.Through a medium blog post, Lightning Labs CEO and Co-founder Elizabeth Stark announced that the tech company had raised a $10 million Series A capital. The raised capital will be used to further its lightning payment system project that is being...

Visa has announced some updates for merchants. Transactions on e-commerce sites will have higher rates, while retailers in certain services categories, such as real estate and education, will see fees decline.It got about the plan of financial corporation Visa to change the point-of-sale system for the U.S. merchants. According to the company, the move is the major system’s update through which Visa aims to persuade more people to give up using checks. Besides, the company is planning to...

Visa’s quarterly earnings came through last week. The first-quarter results were exciting for many investors. But they have been in line with expectations. Revenues hit about $6.05 billion. Earnings per share were about $1.46 as well. This has led to many wondering if centralized payments are still the way to go. It is also a 10% increase from 2018. It has also reinforced the common belief that the payments industry is still going strong. This also is in line with post-earnings forecasts...

Payment platform Worldline SA in a bid to maintain its stronghold in the now competitive industry is set to acquire a rival firm Ingenico. The amount of the deal is already known. It will be $8.6 billion, which makes it the biggest deal in Europe so far in 2020. The sum is equal to 7.8 billion in euros.Global MergerBoth companies have been circling each other for years, but the reorganization of Ingenico last year gave Worldline SA the avenue to formally bid for the company. Worldline SA...

Tech and internet companies were the first that succeeded to reach $1 trillion in stock market value. However, the next U.S. companies that could join this prestigious clique are better known for something else. We are talking here about card companies as are Mastercard Inc. and Visa Inc.Take Mastercard for example. In its fourth-quarter earnings report, the company said that its GAAP earnings per share (EPS) surged incredible 138% in the fourth quarter to arrive at $2.07, while revenues...

The United Kingdom (including London) fintech ecosystem has reached a new record of $4.9 billion in investment. And as a result, it has managed to secure its position for another year as the number one destination for European fintech investment. Only the United States has a better record, according to the recent report from City AM, London.Exclusive data from Innovate Finance has revealed that the UK recorded a 38% increase in venture capital and private equity investment into its fintech...

Syscoin, which launched in 2014 as one of the earliest pioneers of ICO fundraisers, has announced the launch of the Syscoin Bridge protocol, allowing ERC20 tokens to move from the Ethereum network into the Syscoin ecosystem. For network users who wish to take advantage of the newfound interoperability, block 348,000 on the Syscoin blockchain will provide the first opportunity.The pitch from Syscoin is for a decentralized, secure, low fee blockchain with high transaction throughput –...