Sage to sell off US payments unit, Square beats expectations, and IBM prepares for blockchain disruption this year.
| | | | BUSINESS TO BUSINESS EDITION | | Square At Scale
Investors liked what they saw from Square this quarter as earnings, revenue, transactions and services revenue all exceeded expectations. The focus going forward? Using that momentum to drive scale.
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| Analysts Pinpoint Payroll Cards' Weaknesses (And Surprising Strengths)
Payroll cards have had a rough go of it in recent years, with regulators taking notice of criticisms over unfair fees and a lack of transparency. Still, the Center for Financial Services Information's first payroll card industry report suggests the space is doing surprisingly well in providing underbanked employees with their wages â except in one area in particular.
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| | Blockchain | | Trade Finance To Fuel Blockchainâs 2017 Rise, Says IBM
With so much exploration going on, it can be difficult to assess exactly how far blockchain has progressed towards becoming a real, working solution for banks. Last year, an IBM survey predicted about 15% of banks would have their blockchain-based tools up-and-running by 2017's end (including Japanâs Mizuho bank, which is using IBM blockchain technology to disrupt the trade finance industry). IBM VP Blockchain James Wallis tells PYMNTS why trade finance is the prime candidate for blockchain to become a reality this year. Read More... |
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