PayPal CEO: Digital Payments To Be $100T Market

There are markets and there are $100 trillion markets. And might digital payments be in that $100 trillion classification? In an interview with CNBC, PayPal CEO Dan Schulman estimated the market will come into that size, noting, “That’s sort of the market — total adjustable market — we’re playing into.” He said that his firm may have as much as

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Tencent Touts Aggressive Investment Plans

Go big or go home — that could describe Tencent’s aggressive investment philosophy, one whose pace will not ease, according to Martin Lau, president of the China-based internet firm that is responsible for WeChat and other digital tools. According to Reuters, Lau “said 2018 was the best year for the company in terms of investment” in remarks made at a

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Adyen Launches New Open Banking Payment Service

Adyen, the payments platform, announced Wednesday (Feb. 20) it has launched a new payment service that is powered by open banking. In a press release, the company said it launched an alternative to card payments that takes advantage of the European Union’s Payment Service Directive (PSD2) requirement for banks to create APIs for third parties to initiate payments on behalf of

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The Inverted Approach To Tackling Fraud

Banks, financial institutions (FIs) and other firms are grappling with a flood of application fraud and identity theft. In other news, customers see self-service kiosks and online ordering as important features to a quick-service restaurant’s (QSR’s) success. And Rapyd, which is focused on the integration of far-flung financial services through application programming interfaces (APIs), recently announced a financing round. All this, Today In Data.   Data:

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Qualcomm Debuts Second Chip In Run-Up To 5G

Qualcomm, the largest maker of smartphone chips, is prepping for 5G with the launch of a new chip. The offering is designed to work with the company’s new Snapdragon X55 5G modem, which will start to appear in devices later on this year. The new system will assist original equipment manufacturers (OEMs), speeding up time to launch and performance, supporting additional frequency

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Santander Banker Tapped To Lead EBA

The European Banking Authority (EBA) announced that it has nominated José Manuel Campa as its new chairperson. The EBA said in a statement that Campa, who is currently the global head of regulatory affairs at Santander, was chosen from a shortlist of candidates compiled by its Selection Committee. He will now be invited by the ECON Committee to a public hearing

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Thumbtack, Alia Pair On Worker Benefits

Thumbtack and Alia have announced they are partnering on a pilot program that will bring portable benefits to independent workers on Thumbtack. The program will enable Thumbtack customers who hire a house cleaner in California or New York to contribute a suggested $5 per cleaning, which can then be used by the professional for benefits including paid time off and

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Safe-Driving AI Startup Newton Joins Team At Nauto

Safe-driving AI startup Newton Technologies has announced that it is joining Nauto, a transportation company working to make human drivers and autonomous vehicles safer. Launched in 2o17, Newton utilized artificial intelligence (AI) to develop solutions that could boost connected mobility, safety mapping and driver behavior analytics. “We have since then had the privilege of working alongside some of the best

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Amazon Dominates Smart Speaker Q4 Shipments

A new report shows that smart speaker sales are on the rise, with Amazon taking the top spot in shipments. Strategy Analytics reported that in the fourth quarter of 2018, shipments of smart speakers grew 95 percent from 22.6 million units in Q3 to 38.5 million units — more than the entire total in 2017. For 2018, there were 86.2

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