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Ex-Square Exec Keith Rabois to Leave Xoom's Board; Amazon's Killalea Joins
Keith Rabois, the former chief operating officer of Square who resigned that role in 2013, will leave Xoom's board of directors on May 28.
Image: Bloomberg News
Keith Rabois
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Image: Bloomberg News
Throughout all of 2014, only 22% of consumers surveyed for an annual Federal Reserve Board study said they initiated a mobile payment during the year. This was just five percentage points more than the prior year, despite 2014 bringing the launch of Apple Pay. more »
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Waffle House is proudly behind the curve—its wait staff verbally calls in cook-to-order meals, it didn't take credit cards until 2006, and it has long used old-fashioned cash registers. more »
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Innovation is not a competition. If both incumbents and startups in the fintech market would just accept that, mobile wallets and broader payments applications would have already been realized, according to Jonathan Vaux, executive director of Visa Europe. more »
Paul Schaus, president, CEO and founder of CCG Catalyst
Opinion
The launch of Apple Pay late last year was bound to shake up the crowded and fragmented mobile payments market. Banks now face more pressure to make the right plays in this space or else lose their customers. more »
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CardFlight has released a new reader for its SwipeSimple mobile point of sale offering to accept EMV-chip cards. more »
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PayStand is launching a new mobile payment app and card reader to accept credit card payments, but promises to cut merchants' costs by also accepting e-checks and Bitcoin. more »
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Google's planned integration of bill pay and presentment with its immensely popular Gmail service could quickly scoop away one of the stickiest offerings of online banking sites. more »
Elizabeth Buse, co-CEO of Monitise, will become its sole CEO under the company's new structure.
Elizabeth Buse will become sole CEO for UK-based mobile banking provider Monitise Plc in a company shakeup stemming from a failure to attract a buyer in the first three months of 2015. more »
Image: Bloomberg News
Google probably could have hired anyone it wanted to be chief financial officer. For those trying to ascertain why Google chose Ruth Porat of Morgan Stanley, her experience in banking is likely one of her key selling points. more »
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Selfies, or self-portraits typically taken with a smartphone's camera, are an all-too-common consumer habit. And the practice is now migrating to formal business use, such as for authentication. more »
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Zumigo, an identity provider, is expanding the reach of its mobile location verification service to online merchants. more »
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Mobile payments will replace cash and cards. Or the technology will stall for lack of consumer interest. It all depends on which report you read. more »
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