More Rumors, More Partnerships for iPhone 6 and Payments, now Amex

The iPhone is to be launched in a week from now and speculations and rumours are piling up day by day regarding Apple’s move towards payments. The rumours cite that Apple is looking at partnerships with payment companies before it actually launches its new payments plan. 1)      Re/code had reported that Apple has reached an

Around $240 Million Invested in Bitcoin Startups since 2012, Shows Tremendous Growth

We have written a lot about how Bitcoin economy is shaking up the world. Here is a link to some articles we have written in the past. A total of $240 Mn has been invested in bitcoin startups since 2012, and $150Mn (63%) has come in 2014 alone, according to a new report from Coindesk, titled ‘State of Bitcoin Q2

Just Over a Year after Launch, Flipkart Shuts Down its Payment Gateway PayZippy

Flipkart has always acknowledged that online businesses need to do better in India. In a Conference in 2013, Flipkart said that the eco system of banks, payment networks, Ecommerce players is failing, when it comes to payments because 25% or more transactions fail. Its not a good scenario and there is a need to stop that.

Look who is giving a Tough Fight to Starbucks’ Mobile Payments

Venmo successfully overtook Starbucks mobile payment app this quarter in terms of U.S. transaction volume as per recent estimates. The transaction volume reached $468 million in the second quarter this year. This shows a 347% YoY (year-on-year) increase with an annual run rate of around $1.9 billion. Comparatively, Starbucks’ payment volume reached $413 million during

A New Fight has Stirred up over Insurance for Virtual-Currency Services

Coinbase, a bitcoin-wallet provider, recently announced through an official blog on its website that its customers had had their bitcoins for almost over a year. The company also mentioned that it is not charging users for insurance. Further details reveal that Coinbase is insured against theft and hacking in an amount that exceeds the average

Member Solutions Introduces Billing and Servicing Platform for Growing Enterprises and Corporations

On Aug. 28, 2014, Member Solutions, a leading provider of full-service membership billing and payment processing for membership businesses, introduced Enterprise Billing Solution, its new billing and servicing platform for growing enterprises. The company stated in its press release that its offering enables enterprises and corporations to capture and optimize recurring revenue while securing their

The Biggest Financial-Inclusion Initiative in the World just went Unnoticed

A single day saw the opening of a large number of bank accounts. The government of India has come up with a scheme for the financial inclusion of 75 million families who do not have bank accounts. Yesterday, Narendra Modi, the prime minister of India, officially declared the opening of 15 million bank accounts across

FIS Payments platform making Significant Inroads in Emerging Economies

FIS supports some of the biggest and most progressive banks throughout Europe and the Middle East and processes more than 100 million cards globally. In recent years, the bank has made a foray into emerging markets, especially the Asia Pacific region, gaining new partners. Here are some cases of collaborations with banks that show FIS’s

MetaBank Enters into Multiyear Agreement with UniRush to Issue the Prepaid RushCard

The amount of money loaded onto prepaid cards more than doubled between 2009 and 2013, from $57 billion to $113 billion, according to Mercator Advisory Group. With increasing competition, the star power of celebrities such as Suze Orman and Justin Bieber has becomes key for companies to get their prepaid cards into the media. RushCard,

Payment Companies that Ran Out of Business Despite having Funds at their Disposal

Although there always have been discussions about new startups, there is rarely talk about what happened to the ones that fell by the wayside. This is not an exhaustive list, but we want to discuss why some payment companies went out of business despite still receiving money from investors. The reasons that many of the