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Square Shares Dip 6% on Weak Q1 Guidance
Financial Performance

Square Shares Dip 6% on Weak Q1 Guidance

Slower sales growth also weighed on the stock but "new products and services can provide a second wind to growth as the year progresses."
By Matthew Heller | February 28, 2019
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Breakout Quarter for Venmo Powers PayPal Beat
Financial Performance

Breakout Quarter for Venmo Powers PayPal Beat

"While it is still early, our [Venmo] monetization efforts appear to be reaching a tipping point," PayPal CEO Dan Schulman says.
By Matthew Heller | October 19, 2018
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SEC Says Centra Tech ICO Was a $32M Fraud
Risk & Compliance

SEC Says Centra Tech ICO Was a $32M Fraud

The startup's co-founders spun a "web of lies" to deceive investors into participating in its initial coin offering, according to an SEC lawsuit.
By Matthew Heller | April 4, 2018
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Apple to Launch Peer-to-Peer Payment Service
Technology

Apple to Launch Peer-to-Peer Payment Service

The enhancement to Apple Pay will compete with PayPal's Venmo, a leader in the growing peer-to-peer payments market.
By Matthew Heller | June 7, 2017
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Noncash Payments Rise 5.3% Over Three Years
Payments

Noncash Payments Rise 5.3% Over Three Years

A Federal Reserve survey shows debit cards led the way in electronic payment growth between 2012 and 2015, increasing 7.1% by number annually.
By Matthew Heller | December 27, 2016
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Special Report: The Payments Revolution
Tech

Special Report: The Payments Revolution

Mobile payments, virtual credit cards, a faster ACH system, bitcoin — new payments technologies have CFOs re-evaluating their strategies.
By Vincent Ryan | May 13, 2015
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Regulating Debit Cards: Plastic Stochastic
Technology

Regulating Debit Cards: Plastic Stochastic

Capping fees on card transactions has not worked out as planned.
By Economist Staff | October 2, 2014
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Survey Shows Toll of Target Breach on Banks
Technology

Survey Shows Toll of Target Breach on Banks

The consumer data theft at retailer Target cost banks a few hundred dollars per debit and credit card, says the American Bankers Association.
By Matthew Heller | September 12, 2014
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