Western Union and Zelle Executives Dish on Competition and the Future of Mobile Payments

“Money is like manure; it’s not worth a thing unless it’s spread around encouraging young things to grow,” wrote playwright Thornton Wilder, channeling 16th century British philosopher and statesman Francis Bacon. The old quote describes the digital movement of money–a hot area in tech stoked even brighter by Facebook’s announcement earlier this week about its […]

Data Sheet—What the Glow of Wall Street’s Mood Ring Says About Uber’s IPO

The word is that Uber has lowered its hoped-for valuation in its coming initial public offering to as low as $80 billion. That’s compared with the last guesstimated level of $100 billion and below the $120 billion its bankers previously hoped it would fetch. Oh, and there’s also news that PayPal will invest $500 million […]

Citigroup is Starting a Payments Unit

Citigroup is launching a new payments unit that will offer merchants consumer payment options such as credit cards, digital wallets, and direct bank account transfers. Citigroup is reportedly partnering with payments firms including Mastercard for the new offering. Mastercard will provide some of the back-end connections and processing for merchants, The Wall Street Journal reports. […]

Venmo Offers Limited Edition Rainbow Debit Card in MasterCard Partnership

In an effort to attract more customers, the mobile payment service Venmo owned by PayPal is offering a limited edition rainbow debit card. On Friday, Venmo introduced the option to its selection of white, yellow, pink, blue, green, and black cards. “We know our users love to pick a card color…so the card design is […]