Dis-intermediation

49 articles tagged with this keyword

/Dis-intermediation

UK banks to face low-cost challenger for contactless payments

UK-based start-up sQuidcard is to launch a low-fee alternative to the national contactless programme promised by the nation's biggest banks and credit card schemes MasterCard and Visa.

/Dis-intermediation

CommunityLend to set up online P2P loan exchange in Canada

Social lending platforms Zopa and Prosper are about to be joined by a third company, CommunityLend, which will target the Canadian personal loan markets.

/Dis-intermediation

Google Checkout makes inroads online

Google claims to have signed up 20% of the Web's top 500 retailers for its online payment service Checkout in its first six months of operation.

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Consumers turning to plastic for small value payments

More than 67 million Americans have used a credit or debit card for a purchase of less than $5 in the past 30 days, according to research conducted by Ipsos Insight and micropayments outfit Peppercoin.

/Dis-intermediation

PayPal claims a third of UK adult population; Feds investigate HQ blast

Person-to-person payments outfit PayPal says that it now has over 15 million account holders in the UK, representing over a third of the adult population.

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Prosper signs up 100,000 members; generates $20 million in loans

US-based online person-to-person loan exchange Prosper says it has signed its 100,000th member and presided over $20 million in loan agreements in its first six months of operation.

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Zopa secures $5m financing; appoints Phillip Riese chairman

Zopa, a UK-based online person-to-person lending and borrowing exchange, says it has received an additional $5 million in financing from Silicon Valley venture capitalist Tim Draper and the Rowland Family of the UK. The firm has also named Phillip Riese as chairman of its board of directors.

/Dis-intermediation

Plastic cards under threat as UK Internet sales soar

Debit and credit card issuers and acquirers in the UK stand to lose up to 30% of transactions to online retailers offering PayPal and Google Checkout as Internet sales take-off, according to a study by consultancy Booz Allen Hamilton.

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PayPal to roll out virtual debit card

PayPal, the online payments business of electronic auction house eBay, is set to roll out a new virtual debit card system to millions of account holders.