payments

Sarah Mishkin

Spanish bank BBVA has struck up a partnership with payments start-up Dwolla as the Spanish group continues trying to figure out how to integrate new digital technology into its core banking business.

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Sarah Mishkin

The number of California residents whose personal data was stolen by hackers jumped six-fold between 2012 and last year, with nearly half of California’s residents affected by one of the year’s many data breaches, according to a new report by the state’s attorney general.

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Sarah Mishkin

One of the early investors in payment processing start-up Stripe is upping its investment. Not in the company itself, valued earlier this year at near $2bn, but in the ecosystem of other start-ups that is slowly coalescing around it.

General Catalyst, an early investor in Stripe, is putting up $10m fund to invest in start-ups that offer services, like analytics or other business analysis tools, tied to the company’s Stripe Connect platform. Read more

Sarah Mishkin

Payments start-up Square is raising at least $100m in a funding round that valued the group at $6bn, up from a $5bn valuation earlier this year, according to a new company filing.

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Sarah Mishkin

Paypal will soon start to enable merchants on its payments processing network to accept bitcoin, a sign of the growing acceptance and maturation of the volatile digital currency sometimes derided as magic internet money.

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Sarah Mishkin

Square, the payments processing start-up, is looking for new users for its credit card device among the US’s growing Latino community.

The company, co-founded by Twitter’s Jack Dorsey, is today unveiling Spanish language support and software in hopes of tapping into the purchasing power of America’s more than 50m Latinos. Read more

Wall Street is predicting a good showing from Facebook on Wednesday when it reports financial results for the fourth quarter of 2012, and the full year.

Investor sentiment towards Facebook appears to have shifted towards a cautious optimism in the last quarter, with the company’s stock price rising back above $30 for the first time since its initial public offering in May, when shares were priced at $38, then quickly fell below $20.

Brian Wieser of Pivotal Research Group predicts the stock will pop after the next couple of earnings reports, then “come back to earth” as the market better understands the company.

This quarter, Facebook’s revenues will reflect advertising purchases related to the November presidential election and the holiday shopping season. Analysts are expecting the social network to report earnings per share of 15 cents on $1.53bn of revenue. For the full year, estimates average at 52 cents earnings per share on $5.03bn in revenue. Read more

Maija Palmer

Coffee and techies go together like donuts and policemen, one the voracious consumer of the other. They have named programming languages after the stuff.  And so the alliance between Starbucks and Jack Dorsey’s Square mobile payments start-up seems quite natural.

Starbucks has never been shy of experimenting with technology, having been one of the first US coffee shop chains to offer customers free wi-fi access. Starbucks also has its  own mobile app, which allows customers to pay for their coffees using a phone. Although these mobile payments are still just a tiny fraction of overall revenues, it is considered one of the most successful mobile payments systems in use so far.  Read more

Tim Bradshaw

Listen carefully in the City of London and, very faintly, you may be able to hear the bell ringing for round two of Facebook’s simmering battle with Apple over mobile apps.

Bango, a small mobile payments firm, quietly announced to the stock market on Wednesday that it has “signed an agreement to provide payment services to Facebook”. Read more

Maija Palmer

mobile walletNow there is another mobile wallet to add to consumer confusion. The UK’s three largest mobile operators, Vodafone, O2 and Everything Everywhere, on Thursday said they had teamed up to create a single platform for making payments by mobile phone. Read more