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The Street Debates What's Next For PayPal After Impressive Q2 Beat
Thursday, July 30, 2020 - 2:44pm | 784Read More...Payments company Paypal Holdings Inc (NASDAQ: PYPL) reported Wednesday afternoon with second-quarter results highlighted by an EPS, revenue and total payment volume beat. Here's how PayPal analysts are reacting to the company's results and outlook. The PayPal Analysts:...
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Fintech Trends To Watch Out For In The Second Half Of 2020
Thursday, July 16, 2020 - 10:33am | 1067Read More...The question surrounding how fintechs will scale their businesses is a topic of the past. Fintech companies have established themselves as innovators in the space, from the likes of Plaid to Robinhood, these multi-billion dollar companies are among the many that are changing the way we see finance...
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With E-Commerce Shift Underway, BofA Has High Expectations For PayPal's Q2
Monday, July 13, 2020 - 12:49pm | 443Read More...Paypal Holdings Inc (NASDAQ: PYPL) shares were trading higher on Monday after a BofA Securities analyst predicted the payment company will deliver a "big beat" in the second quarter. The PayPalAnalyst: Jason Kupferberg reiterated a Buy rating on PayPal with a price target...
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5 Payment Fintechs From Chicago That Are Booming
Friday, July 10, 2020 - 1:30pm | 563Read More...The 2020 Benzinga Global Fintech Awards are on the horizon, and some of the world's most innovative, fastest-growing fintech companies are competing to win awards. The payments industry is one of the most competitive and interesting industries in fintech, and Chicago has been a...
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Square Analyst Sees Market Share Opportunity With Direct Deposit
Friday, July 10, 2020 - 7:01am | 266Read More...What Happened: Square Inc (NYSE: SQ) could take as much as 20% of future market share due to the platform's speed when it comes to direct deposits, SunTrust Robinson Humphrey analyst Andrew Jeffrey said in a note earlier this week. Square has reportedly added over 11 million...
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Why Square Is A 'Need-To-Own' Stock For Years To Come
Wednesday, July 1, 2020 - 10:00am | 457Read More...After being on the sidelines for payment processor Square Inc (NYSE: SQ), one analyst at Rosenblatt Securities turned bullish Wednesday. The Square Analyst: Kenneth Hill upgraded Square from Neutral to Buy and increased the price target from $69 to $121. The Square Thesis:...
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Apple Gives Rejected Customers Another Chance At Its Credit Card
Tuesday, June 30, 2020 - 1:33am | 283Read More...Apple Inc. (NASDAQ: AAPL) has added a new feature to its credit card service for users who have previously had their application rejected, TechCrunch reported Monday. What Happened The users can opt-in on a four-month long "Path to Apple Card" program, which will help them determine where...
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BofA Downgrades Western Union On Valuation, Says Visibility Limited
Wednesday, June 10, 2020 - 10:28am | 380Read More...Although shares of The Western Union Company (NYSE: WU) have significantly outperformed the S&P500 since early April, visibility into the company’s performance through 2020 and 2021 remains limited, according to BofA Securities. The Western Union Analyst BofA’s Jason Kupferberg...
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Euronet Worldwide: DA Davidson's Payments Alternative To Western Union, MoneyGram
Tuesday, June 2, 2020 - 3:10pm | 477Read More...The Western Union Company (NYSE: WU) is reportedly looking to acquire Moneygram International Inc (NASDAQ: MGI) in a merger that looks unappealing for investors, according to D.A. Davidson. The Euronet Worldwide Analyst Peter Heckmann maintained a Buy rating on rival Euronet Worldwide,...
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Square Faces Risk From Struggling Smaller Businesses, BofA Says In Double Downgrade
Monday, May 18, 2020 - 10:53am | 378Read More...Shares of Square Inc (NYSE: SQ) have gained around 28% year to date. Although the gradual reopening of the U.S. economy may be an incremental positive for brick-and-mortar merchants, small- and mid-sized companies have yet to witness a trough in churn, according to BofA Securities....
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Helix BioTrack, Hypur Partner To Improve Cannabis Delivery And Payments
Friday, May 1, 2020 - 12:04pm | 421Read More...Helix Technologies Inc. (OTCQB: HLIX) and Hypur Inc. are teaming up to enhance each other’s customer network capacities and services. The two parties agreed to work on the networks’ operational logistics and financial capability, according to a Thursday press release. The...
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Hypur, Salal Credit Union Partner On Safer Cannabis Payment, Delivery
Thursday, April 23, 2020 - 11:05am | 421Read More...Financial tech company Hypur Inc. said Thursday it has partnered with Washington-based Salal Credit Union on a payment and delivery system for cannabis. Salal members will be allowed to use various cashless and contactless payments and arrange safe pickup via Hypur’s payment...
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Cash Payments In Cannabis Largely Driven By Fee Avoidance, Hypur Survey Shows
Thursday, March 26, 2020 - 2:09pm | 632Read More...Visa Inc (NYSE: V) or Mastercard Inc (NYSE: MA)-enabled payments are not the saving grace for the cannabis industry, as consumers still prefer other payment methods, according to a new nationwide cannabis consumer payment preference survey conducted by payment and banking platform Hypur....
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Square Analysts React To FDIC's Conditional Banking License Approval For Payments Company
Thursday, March 19, 2020 - 3:22pm | 786Read More...Payment processing company Square Inc (NYSE: SQ) said Wednesday that the FDIC voted to conditionally approve its application for an Industrial Loan Company, or ILC, bank charter. The company also received charter approval from the Utah Department of Financial Institutions. The Square...
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Jack Dorsey's Cash App Gives Away Funds To Users During Coronavirus Pandemic
Thursday, March 19, 2020 - 1:53am | 475Read More...Square Inc. (NYSE: SQ) subsidiary Cash App on Wednesday announced that it is donating money to users. "We want to help. Send us your $cashtag," Cash App said on Twitter. The message was retweeted by Square CEO Jack Dorsey, who also heads Twitter Inc. (NYSE: TWTR). Sending cash out to...
