payment

Google Launches Digital Payments Service in India

Google Launches Digital Payments Service in India

Alphabet Inc (NASDAQ: GOOGL) launched a localized payments app for India as they try to gain a position in the rapidly growing digital payments space. The digital payments market in that country is expected to grow to $500 billion by 2020 after the ..

Wells Fargo Found Additional 1.4 Million Potentially Unauthorized Accounts

Wells Fargo Found Additional 1.4 Million Potentially Unauthorized Accounts

On Thursday, Wells Fargo & Co (NYSE: WFC), the third-largest U.S. bank, said that they found 1.4 million more unauthorized accounts than the bank originally estimated. Shares of the company was down 0.34% to $51.17 per share after the markets op..

Vantiv Acquired Worldpay for $10 billion

Vantiv Acquired Worldpay for $10 billion

Vantiv Inc. (NYSE: VNTV), a U.S. credit card company, has sealed a $10.4 billion merger with the biggest U.K. payment processing company, Worldpay Group. Vantiv announced its first interest in purchasing Worldpay back in July.Worldpay said that for ..

PayPal Reported Second-Quarter Earnings

PayPal Reported Second-Quarter Earnings

PayPal Holdings Inc. (NASDAQ: PYPL) released Q2 earnings yesterday, prompting a further increased valuation in their guidance for FY2017.The stock opened at $61 today, up from yesterday’s $58.8 close, but has since dropped to $58.4. The compan..

Visa Beats Q3 Estimates

Visa Beats Q3 Estimates

Payment processing giant Visa Inc. (NYSE: V) said its fiscal third-quarter profit rose sharply from a year earlier, following its purchase of Visa Europe.The San Francisco-based company earned $2.06 billion in the period ending June 30, or 87 cents ..

U.K. Bans Credit Card Surcharges

U.K. Bans Credit Card Surcharges

On Wednesday, the U.K.’s Treasury Ministry announced that British retailers will be forbidden from forcing customers to pay surcharges when they pay for a transaction using a credit card. British consumers tend to face up to 20 percent of surc..

Paypal Announced partnership with Samsung Pay and Visa

Paypal Announced partnership with Samsung Pay and Visa

PayPal Holdings, Inc. (NASDAQ: PYPL), one of the world’s largest Internet payment companies, has announced a big move to expand its digital payment system as they will be partnering with Samsung Electronics. Samsung users will now be able to u..