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Investor pressure
Elliot Associates, a New York investment firm that owns about 4 percent of eBay, isn't happy with eBay's stock performance and is
The investment company contends eBay's e-commerce business is underperforming competitors and is relatively flat since its PayPal spinoff in 2014. It says eBay's current trading level of about $33 per share could jump to $55 per share by stressing e-commerce over ticket sales and eBay's classified marketplace.
Another activist investor,
Pilot light
Starbucks'
Starbucks plans to deploy the service at 2,000 stores, or about a quarter of its U.S. footprint, with a pilot with Uber Eats planned to launch shortly in the U.K.
The coffee chain has several retail projects underway, including delivery initiatives in China, Japan, India, Hong Kong, Indonesia, Vietnam, Mexico and other markets — estimating the global online food delivery market is as high as $95 billion.
PayPal invests in ad tech
PayPal is part of a $40 million fund in Dosh, a fintech app designed to measure the relationship between marketing budgets and consumer intent. Other investors include Goodwater Capital, Western Technology Investment, BAM Capital and Anthem Venture Partners.
Dosh's platform produces data on consumer payments in retail, dining, fuel, home entertainment and other verticals and offers cash back to consumers based on their spending preferences at specific brands, such as Dunkin and Pizza Hut.
Dosh also automates performance-driven campaigns and social engagement to drive branding and customer acquisition.
DLT without limits
ING has made a deal to use R3's Corda distributed ledger for five years with an unlimited number of licenses.
The bank plans to use blockchain in business lines across the enterprise, building "CorDapps," or distributed apps, to power treasury management, ID vetting, insurance and other financial services.
The ING deal shortly follows another deal R3 made with rival
From the Web
CNBC | Tue January 22, 2019 - Technology firms entering the financial services space shouldn't be afraid of partnering with the biggest players in the industry, according to two executives. Executives from PayPal and MasterCard said that they see partnerships with banks as a way to create new user experiences and solidify customers' trust.
TechCrunch | Tue January 22, 2019 - French startup Wynd raised another $82 million (€72 million) from Natixis, Sofina and BNF Capital. The company started with a point-of-sale solution for restaurants and other brick-and-mortar stores.
Reuters | Wed January 23, 2019 - Formally opened to the public last month, the 290-room FlyZoo is an incubator for technology Alibaba wants to sell to the hotel industry in the future and an opportunity to showcase its prowess in artificial intelligence.
More from PaymentsSource
The news may seem overdue, but this isn't a story of two Goliaths battling it out. It's a tale of one Goliath beating multiple Davids — slowly, methodically, and one at a time.
Regulators are handing out fines for GDPR violations, that while relatively small can have a large impact on the push for sharable identity by drawing attention to how large companies use data.
Payment service provider heidelpay Group has purchased the installment lender Universum Group to bring a new payment capability to the heidelpay Group in the form of an installment lending product called FlexiPay.
The question for lawmakers is how to work together to make sure as many people as possible are able to take advantage of the opportunities provided by innovation, writes Brian Tate, president and CEO of the Innovative Payments Association.
