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As Amazon’s Market Cap Takes Hit, Bright Spots Emerge

PYMNTS

An MKM analyst said in a research note to clients that AWS may be worth $1 trillion in six years – that would be larger than Amazon’s market cap, which currently stands at $929 billion. Now, though, discussions about Amazon and its market cap are — for the time being, at least — a more subdued affair. percent share in 2014 to the 6.4

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U.S. Marshals Service Selects Coinbase to Hold & Trade Digital Assets

Finovate

Marshals Service (USMS) has selected Coinbase Prime to hold and trade the agency’s “Class 1” (large cap) digital assets. Marshals Service (USMS) announced it has selected Coinbase to hold and trade the agency’s “Class 1” (large cap) digital assets. judicial system.

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Credit Card E-Filing Fees Capped In California

PYMNTS

The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. Convenience fees charged by Tyler range from 2.75 percent to 3.5 There were 7.5

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Apple Beats On Earnings, Eyes $1 Billion Market Cap

PYMNTS

Analysts expect Apple will sell 81 million phones this holiday season, beating its previous 2014 record of 78 million. 900 Billion: Apple’s after-hours trading market cap. Customers scooped up 125 percent more units in the first four days of pre-orders than the previous record holder, the iPhone 6. currently underway.

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Bolt Nets $75 Million In Funding Round For eCommerce Innovation

PYMNTS

Checkout platform Bolt has closed a funding round with $75 million, capping a year where it processed $1 billion in transactions, according to a report by Venture Beat. Bolt was founded in 2014 in San Francisco and works on tools to streamline web transactions. The round saw the company's valuation hit over $215 million.

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M&A, Bitcoin Trading Adds $8B In Market Cap To Square

PYMNTS

Square’s founder and chief executive, Jack Dorsey, helped to enable merchants to accept bitcoin as a payment method back in 2014. Shares of Square have risen almost 50 percent, adding about $8 billion in market value, since the company launched bitcoin trading last year for its Cash App customers. Didn’t see much.

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Wells Fargo Seeks Bidders For Private-Label Credit Card Unit

PYMNTS

In 2014, then-CFO John Shrewsberry told investors at a conference that the bank was looking to add to its private-label credit card business. We won’t be expanding the size of our balance sheet for any reason, because we’re operating with an asset cap,” Shrewsberry explained to reporters during the earnings call.