PayPal Holdings Inc
Roe v Wade’s demise forces companies to grapple with health care plans, employee privacy and more
Pro-choice activists are seen outside of the US Supreme Court in Washington, DC on June 15, 2022. Mandel Ngan | AFP | Getty Images The challenges posed by the end of Roe v. Wade are only just beginning for corporate America. By overturning the abortion precedent Friday, the U.S. Supreme Court set off a series […]
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Brex drops tens of thousands of small business customers as Silicon Valley adjusts to new reality
Brex Co-Founder & CEO Henrique Dubugras speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 02, 2019 in San Francisco, California. Steve Jennings | Getty Images Brex, the Silicon Valley lender to start-ups, is dropping tens of thousands of small business customers to focus on bigger venture-backed clients, according to […]
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Klarna CEO defends business despite massive losses and layoffs
Klarna CEO Sebastian Siemiatkowski has defended his company’s business model and the controversial “buy now, pay later” industry. Klarna lets consumers buy things that they might not necessarily be able to afford at that moment in time. Its 150 million customers pay a relatively small amount up front and pay back the rest later. In […]
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‘Buy now, pay later’ firms were already in trouble. Apple just gave them one more thing to worry about
Apple Pay Later will let users pay for things over four equal installments. Jakub Porzycki | Nurphoto | Getty Images AMSTERDAM — Apple’s move into the crowded “buy now, pay later” space has raised the stakes for the fintech companies that pioneered the trend. The iPhone maker announced plans to launch its own “pay later” […]
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5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures essentially flat following Wednesday’s declines Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters U.S. stock futures were essentially flat Thursday, as […]
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A wholly owned subsidiary of Apple will extend loans for its Pay Later product
Apple CEO Tim Cook poses for a portrait next to a line of new MacBook Airs as he enters the Steve Jobs Theater during the Apple Worldwide Developers Conference (WWDC) at the Apple Park campus in Cupertino, California on June 6, 2022. Chris Tuite | AFP | Getty Images A wholly owned subsidiary of Apple […]
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Crypto poses a threat to the safety of global payment systems, fintech boss warns
Starling CEO Anne Boden. Harry Murphy | Sportsfile for Web Summit via Getty Images AMSTERDAM — The boss of Goldman Sachs-backed digital bank Starling has doubled down on criticisms of crypto, calling digital currencies a threat to the safety of payment infrastructure. “It is very dangerous,” Anne Boden, who founded Starling in 2014, warned Tuesday […]
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Stripe co-founder hits back at rivals accusing the company of unfair competition
John Collison, president and co-founder of Stripe. Christophe Morin | IP3 | Getty Images AMSTERDAM — The co-founder of $95 billion fintech giant Stripe defended the company’s business practices after complaints from rivals that it engages in unfair competition. John Collison, Stripe’s president, said Tuesday he is “pretty unapologetic” about the company’s decisions to launch […]
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Apple is turning your iPhone into fintech service taking on PayPal, Affirm and more
Apple Pay Later Courtesy: Apple Inc. Apple is turning into a fintech company. The company announced several new features for the iPhone’s Wallet app at its developers conference Monday that directly compete with products from other fintech companies like Affirm and PayPal. The big one: a buy now, pay later service called Apple Pay Later. […]
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$40 billion payments giant Checkout.com starts accepting stablecoins in major crypto push
The logo for payments start-up Checkout.com. Checkout.com AMSTERDAM — Online payments company Checkout.com says it will settle payments for its merchants round-the-clock using stablecoins, making it the last major financial services firm taking the plunge into crypto. The start-up, which competes with the likes of PayPal and Stripe, said Tuesday it is launching a feature […]
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