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MasterCard and Citi Launch a Digital Wallet in India
MasterCard and Citibank India have launched what they claim is the first global digital wallet service in India.  more »
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Max Levchin
Max Levchin, founder and chief executive of point of sale credit startup Affirm and co-founder of PayPal, has resigned from his position as chairman of Yelp's board. more »
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Ajay Banga, CEO and President of MasterCard
MasterCard is cooperating with a European investigation into its fees, though it is questionable that this process will have a widespread effect on interchange, according to MasterCard CEO Ajay Banga. more »
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MasterCard Inc., the second-largest payments network, said profit fell 1.1 percent as expenses rose and a strengthening U.S. dollar hurt earnings overseas. Shares declined in early trading. more »
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PayPal this week released new research predicting a robust market in China for U.S. retailers, a bullish outlook that’s not being tempered by the vast selloffs in the Chinese financial markets. more »
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Visa is partnering with and investing in Stripe, fueling the processing startup's international ambitions and product development while giving the card network added juice to build new technology. more »
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First Data Corp. plans to start hearing banker pitches this week for an initial public offering that could be the year's biggest, according to people familiar with the matter. more »
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The problem with basing a mobile point of sale system on Apple products is the merchant invariably pays Apple prices. E-Nabler aims to demonstrate that the same capabilities can be had on Android tablets and smartphones for at least half the price. more »
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Peter Randall, known for helping unleash a new era of competition for European stock exchanges in 2007, is seeking to upend the status quo yet again. This time, the goal is using the underlying technology for the digital currency Bitcoin to dramatically speed up the transfer of assets. more »
Nucleau Software's Dinesh Verma
Payment system transformation has become a pressing need for banks today. The rate at which this is happening is largely controlled by the conflict between rapid technological shifts and the barriers to product acceptance. more »
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Starbucks and American Express are both using cross-merchant rewards to boost their own volume, but with a very different philosophy driving each company's program. more »
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Person-to-person payments have been delivering huge improvements around the globe in areas where cash is difficult to use. But in countries where cash suffers little hardship—including the U.S., the U.K. and Canada—the P2P business case is very different. more »
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Square Inc., the mobile-payments company founded and led by Jack Dorsey, the interim chief executive officer of Twitter Inc., filed confidentially for an initial public offering, people with knowledge of the matter said. more »