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7 Banks Team Up to Create Digital Wallet, Challenging PayPal and Apple Pay

Retail TouchPoints

JPMorgan Chase , Bank of America , Wells Fargo and the four other banks behind the money transfer network Zelle are developing a digital wallet to challenge the dominance of PayPal and Apple Pay. The digital wallet will be managed by Early Warning Services (EWS) , the company that operates Zelle, but will operate separately from Zelle.

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Reports: PayPal in Talks to Acquire Pinterest for $45 Billion

Retail TouchPoints

PayPal is reportedly in talks to acquire Pinterest , according to media outlets including The New York Times , Financial Times , Bloomberg and CNBC. Bloomberg ’s sources said that PayPal is looking at a potential price of approximately $70 a share, which would value Pinterest at around $45 billion. Bernstein & Co.,

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PayPal Purchases Cryptocurrency Security Provider Curv

Retail TouchPoints

PayPal Holdings will acquire Curv , a Tel-Aviv based provider of cloud-based infrastructure for digital asset security. Financial terms of the deal were not disclosed, and PayPal expects to complete the purchase in the first half of 2021.

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Walgreens Debuts Wellness-Focused Credit Card, Giant Eagle Expands In-Store Digital Payment Options

Retail TouchPoints

Walgreens has introduced the myWalgreens Credit Card program, while supermarket chain Giant Eagle will start accepting PayPal and Venmo in-store as retailers continue expanding their payment options. The move also can speed up payment processes via PayPal and Venmo QR codes. Giant Eagle Seeks to Make In-Store Checkout Seamless.

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Walmart finds new CFO at PayPal

RetailWire

Walmart has hired John Rainey, chief financial officer at PayPal, as its new CFO, effective June 6. Jefferies analyst Stephanie Wissink said Mr. Rainey’s hiring will prove valuable for Walmart “as a provider of financial services for its customers.”

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Whose Most Secure: PayPal Vs. Square

RetailMinded

That’s where platforms like Square and PayPal support merchants to have streamlined payments delivered to them from their customers. . On the contrary, PayPal became a popular platform for payments using the online mode. What Is PayPal? Square Vs. PayPal: Safety Comparison. How PayPal Protects Consumer Data?

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How to Orchestrate to Eliminate Regional Payment Barriers for Ecommerce Success

Retail TouchPoints

A technology and fintech entrepreneur with more than 21 years of experience, Lunn has worked and invested in financial services, commerce enablement, e-payments, data, security and infrastructure. He worked as the Director of Technology at CyberSource, the world’s first payment service provider, and helped found Passmark Security.