Category: Archive | Page 38

Rental Marketplace RadPad Settling into New Digs

After a troubled year, online rental marketplace RadPad is moving in with LandlordStation.

After acquiring RadPad, the company unites both ends of the rental market – renters and landlords – under one roof. LandlordStation CEO Copley Broer says he expects this will be a differentiator in a market boasting many players who handle individual pieces of it well.

Guest Post: Will Regulators Get Trumped?

The unexpected election of Donald Trump has left many wondering what the impact will be to the regulatory environment of the financial services industry. A Republican president and Congress will have the potential to alter that environment, but questions remain about how much and how soon. Marsha Jones, president of the Third Party Payment Processors Association, shares her organization’s perspective.

News Roundup: PayPal and Discover Sign Agreement, Wix Adds Square

In this week’s roundup, PayPal racks up another credit card company agreement, Paytm expands the places it is accepted across India, and more small businesses can use Square for their POS.

India PF Paytm Gets Approval to Launch Payments Bank

Indian payment facilitator Paytm announced on Tuesday (Jan. 3) that the Reserve Bank of India has granted the company the final go-ahead to launch Paytm Payments Bank. Paytm was granted in-principle approval for the payments bank in 2015.

News Roundup: Adyen Partners with VTEX; Xoom Expands into Asia

This week’s roundup of news from around the web includes a new partnership for Adyen, Asian expansion for PayPal’s Xoom, and growing cashless payments in India.

E-commerce technology provider VTEX announced a new partnership with Dutch payment facilitator Adyen, through which it has added payments processing and risk tools from Adyen to its platform. The partnership is geared to helping its customers grow their e-commerce businesses globally, the company said.

Paylasso Rounds Up Recurring Corporate Payments Using Virtual Cards

Dealing with all the places your credit card number has gone to pay for various subscriptions can become a bit unwieldy even for the average consumer.

Multiply that effect by the number of a company’s employees – for whom software and tools are increasingly cloud- and subscription-based – and you can begin to see how demanding the recurring billing model has become for many companies.

First Look at the OCC Special Purpose Charter: Good or Bad for Fintech Companies?

On Friday, the OCC announced it will begin accepting applications for special purpose national bank charters from financial technology firms. Reception of this news has been generally positive, with industry organizations such as the Electronic Transactions Association and American Bankers Association issuing statements in support of such a charter.

But the early take on the news from industry insiders indicates that it is a mixed bag for individual companies. Applying for the charter may be either a smart move or a bad idea, depending on who you are and why you want it.

It’s Facebook Official: Social Media Giant Receives Payments License for Europe

Facebook has received a license from the Central Bank of Ireland to serve as an electronic money institution in Europe.

The broad nature of Facebook’s existing user base – globally, the company has an average of 1.18 billion daily active users – may give it an advantage over any competitors looking to establish alternative payment schemes in Europe. But the fact that it is a social network first and a payment entity much later means the company needs to be very careful.

Why Stripe Has Nearly Doubled Its Valuation

The news on Friday (Nov. 25) that Stripe had raised $150 million of new funding on a company valuation of $9 billion has been seen by many as a validation that this is a company at the top of the fintech game.

PSD2 Creates Opportunity for New Wave of European PFs

Europe is undergoing a step change in banking and payment services, leveraging open API technology and new regulatory frameworks to make a historically cumbersome industry more competitive, secure and customer-friendly.

The goal? “Customer first” digital banking and Europe-wide faster payments to drive innovation and increase cross-border trade in a European B2C e-commerce market worth over 425 billion euros.