| Western Union open network to M-PESA, LendingClub applications surge, Mitek names new CEO | | | With New Deal Western Union And M-PESA Make Global P2P Wave Last week Western Union (WU) announced a partnership with Amazon, and today with M-PESA. The new deal opens Western Unionâs global money movement platform to Kenya-based M-PESAâs 28 million mobile wallet users, giving them the ability to send money anywhere WU operates. Safaricomâs Sitoyo Lopokoiyit and Western Unionâs Odilon Almeida talk with Karen Webster about the "anytime, anywhere" impact of the partnership, why cash still matters and whatâs next. |
| LendingClub: Loan Applications Grow Double Digits Amid Rising Rates With class action settlements in the rearview mirror, LendingClubâs September quarter results topped the Street. The company points to double-digit loan originations and margin expansion â spurred by rising rates that management terms a "dynamic" operating environment, which provides further tailwinds to quarterly results. |
| PYMNTS Travel Payments Study |
| The High Price Of Payments â And Innovation â In Travel The $75 billion in annual payment costs and uncertain returns from innovation is holding back the global travel industry, according to the PYMNTS Travel Payments Study. Just 15 percent of all travel companies have attempted new payment innovations over the last three years, but demand from consumers and corporates are helping to bring new payment technologies to airlines, hotels and other parts of the industry. What has to happen to remove more friction from travel payments? |
| | Smarter Payments Tracker™ | | NEW REPORT: How Smarter Payments Build Smarter, Safer Marketplaces Not every eCommerce platform is as user-friendly as Amazon. Craigslist and its ilk, for instance, still require buyers and sellers to meet in person to pay. This arrangement, says Escrow.com GM Jackson Elsegood, also requires parties to confront stranger danger fears. In the latest Smarter Payments Tracker, Elsegood discusses how digital escrow solutions can elevate these platforms into smart marketplaces that allow payments to occur in-platform â instead of between uneasy strangers in a parking lot. |
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