payments

Last month, Gary Cohn, former director of the National Economic Council and former president and COO of Goldman Sachs Group Inc (NYSE: GS), joined Hoyos Integrity, a secure mobile telecommunications company focused on the scaling of secure payment solutions.  The company aims to reshape...

Online payment service provider PayPal Holdings Inc. (NASDAQ: PYPL) has discontinued support for adult content website PornHub, the latter said in a statement on Wednesday. What Happened This means that the models streaming on the platform will no longer be able to receive their payment through...

PayPal (NASDAQ: PYPL) shares were trading lower Tuesday after Facebook (NASDAQ: FB) announced it has introduced a payments feature: Facebook Pay. The company announced in a blog post that Facebook Pay will be introduced on Facebook and Messenger this week in the U.S. for fundraisers, in-game...

Shares of The Western Union Company (NYSE: WU) rallied 25% after the company reported strong third-quarter earnings and hosted a positive investor day Sept. 24. While the company’s long-term revenue and earnings growth outlook have improved, its near-term prospects remain unchanged,...

The Detroit Fintech Academy kicked off last month with 200 students at the city’s Southeastern High School. The initiative was launched by the Detroit Fintech Association, a nonprofit trade organization founded by Benzinga CEO Jason Raznick. The fintech academy is intended to address a lack...

The Western Union Company (NYSE: WU) reported third-quarter results, which sent the stock to a new 52-week high. The Analysts Morgan Stanley analyst James Faucette maintains at Underweight with a $20 price target. Citi analyst Ashwin Shirvaikar maintains at Sell, unchanged $20.50. Bank of America...

Paypal Holdings Inc (NASDAQ: PYPL) reported third-quarter results Wednesday that beat estimates and prompted multiple Street analysts to reaffirm bullish stances.  The Analysts Wells Fargo analyst Timothy Willi maintained an Overweight rating on PayPal's stock with a $135...

eBay Inc (NASDAQ: EBAY) reported mixed third-quarter results Wednesday, while the e-commerce site's fourth-quarter revenue outlook gave a disappointing preview of the important holiday season.  Q3 Positives, Negatives The company reported a revenue and EPS beat, but underlying unit...

Benzinga is highlighting nominees for the fifth annual Benzinga Global Fintech Awards ahead of the event Nov. 19 in New York City. One nominee is Veem, a payment fintech servicing global commerce. Background Launched in 2014, the San Francisco-based fintech offers local currency transfers to...

Dama Technologies Inc. announced a strategic partnership Wednesday with Helix TCS (OTC: HLIX), a provider of critical infrastructure services to the legal cannabis industry. Dama Financial will facilitate the secure transfer of online payments within the Amercanex marketplace for wholesale cannabis...

Shares of Paypal Holdings Inc (NASDAQ: PYPL) traded higher Monday after Reuters reported PayPal received the green light from China to buy a majority stake in a Chinese digital payments platform. Despite increasing concerns over the ongoing trade war between the U.S. and China, some large...

Wedbush's bullish stance on Visa Inc (NYSE: V) remained unchanged after the company's non-deal roadshow (NDR). The Analyst Wedbush's Moshe Katri maintains an Outperform rating on Visa with an unchanged price target of $187. The Thesis Katri's chat with Visa CFO Vasant Prabhu...

Privately held payment tech company Stripe Inc. said Thursday that its latest round of fundraising has pushed the company’s valuation to $35 billion, which would put it among the highest-valued startups. The $35-billion valuation is up from a previous round of funding earlier this year that...

Benzinga is highlighting nominees for the fifth annual Benzinga Global Fintech Awards ahead of the event Nov. 19 in New York City. One nominee is TiENPAY, a mobile wallet platform developer. Background Based in Hong Kong, TiENPAY is a fintech company specializing in mobile payment solutions....

Amazon.com, Inc. (NASDAQ: AMZN) is launching a service, PayCode, that will allow its customers to choose “Amazon PayCode” at checkout and then pay for their purchases in cash at one of 15,000 The Western Union Company (NYSE: WU) locations. This is not the first arrangement between...