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Since the marketplace model is relatively new, the vast majority of the merchants selling through that channel are new too, meaning they do not have the track record that banks look for when providing loans, writes Keith Smith, CEO of Payability.
July 27Payability -
Dan Loeb’s big bet on PayPal Holdings Inc. is off to a rough start. The payments giant projected revenue below analysts’ estimates for this quarter and saw Venmo growth continue to slow, causing concern among Wall Street analysts that had been bullish on the app’s potential.
July 25 -
Two payments startups, PayStand and Quadpay, are collaborating with Silicon Valley Bank and First Data during a four-month accelerator program to explore mutual product development opportunities.
July 24 -
With just two partnerships, eBay is cutting off a big opportunity for community banks.
July 24 -
The new alliances follow EBay’s February announcement to gradually shift its payments processing business from PayPal to Adyen.
July 24 -
The news that Snap Inc. is shutting down Snapcash, a version of Square Cash offered on its Snapchat social media platform, may have less to do with P2P payments and more to do with the long-term future of the company itself.
July 23 -
The recent tariff escalations could cause financial pain for specific shopping corridors, particularly in price-conscious locales.
July 23 -
London-based Shieldpay will expand its reach in the U.S. this year through a partnership with AutoClassics.com.
July 17 -
Paysafe Group will launch an in-store and online installment payment service to serve a growing appetite it sees in the U.S. and Canada.
July 17 -
Amazon Prime Day is a marketing "holiday" that aims to expand Amazon Prime membership, a $119 subscription that's a major part of Amazon's marketing strategy at its core site and Whole Foods.
July 16