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Decoupled Debit — Again?

PYMNTS

The year is 2007. It’s the decoupled debit card. Creating a product that pulled funds from depository accounts at other issuers and was accepted at any Mastercard-accepting merchant gave Cap One something new to offer consumers – and a new business model around which to build rewards to get consumers on board.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Below is a timeline of some of the major Amazon Pay milestones: Amazon’s first known payments product, Pay with Amazon, launched in 2007. In 2007, the company also invested in Bill Me Later (fka I4 Commerce). Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. Amazon Payments.

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Should Facebook Buy eBay?

PYMNTS

After hearing that a big conference was coming to San Francisco and that hotel rooms were totally sold out, two 27-year-old guys, who were living there in 2007 and struggling to pay rent, bought three airbeds and turned their living room into a makeshift bed and breakfast. Jeff Bezos started Amazon in his Bellevue garage in 1994.

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Facebook Slapped With $5B FTC Fine, But Still Has Lots Of Friends

PYMNTS

As a company with a market cap of $584 billion, Facebook has about $45 billion in the bank , and generates about $5 billion in free cash flow per quarter. And its user base has grown. The Facebook Friday. As The WSJ noted, the fine that the FTC is ready to impose against Facebook will be the largest ever against a technology company.

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Lending Club Raises Average Rate to 0.25% for New Loans

Fintech Labs Insights

Since credit card issuers were required to increase their prime rate by the same amount, the company is not concerned it will push away borrowers. .” The market cap is at $4.32 Lending Club debuted at the first Finovate in 2007. Yesterday peer-to-peer lending platform, Lending Club [NYSE: LC], offered one answer.

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We Analyzed 9 Of The Biggest Direct-to-Consumer Success Stories To Figure Out The Secrets to Their Growth — Here’s What We Learned

CB Insights

Soylent — The subreddit that convinced a16z to invest in Soylent. An explosion of new direct-to-consumer companies is transforming how people shop. In the process, these brands, spanning everything from detergent to sneakers, are radically changing consumer preferences and expectations. New Frontiers in Retail Tech. How will we shop in 2020?