Dis-intermediation

59 articles tagged with this keyword

/Dis-intermediation

Wesabe partners with The Daily Telegraph for UK launch

Online money management start-up Wesabe is moving into the UK market through a Web partnership with broadsheet newspaper The Daily Telegraph.

/Dis-intermediation

Alternative payment methods stealing market share from bank cards online - study

Consumers shopping online are increasingly turning away from traditional financial institution-controlled credit and debit cards to embrace cash-based alternative payment options, according to an analysis by US-based Javelin Strategy & Research.

/Dis-intermediation

P2P lending site Loanio targets sub-prime borrowers

A new peer-to-peer (P2P) lending platform called Loanio has launched in the US which is aimed at customers with poor credit records, such as sub-prime borrowers.

/Dis-intermediation

Banks facing increasing competition from social networks - Gartner

Social banking platforms - such as peer-to-peer (P2P) lending networks like Zopa and Prosper - will grow to control 10% of the worldwide market for retail lending and financial planning by 2010, according to research by consultancy Gartner.

/Dis-intermediation

Canadian P2P loan operator CommunityLend secures funding

Canadian peer-to-peer loan start-up CommunityLend has secured $2.5 million in funding and rounded out its management team in advance of a live launch slated for Q1 2008.

/Dis-intermediation

PayPal launches mobile checkout service in Australia

PayPal has released Mobile Checkout - which enables customers to pay for purchases using Web-enabled phones - to account holders in Australia.

/Dis-intermediation

Social lending hits Australia and New Zealand

The growth of Web 2.0-based peer-to-peer social lending services is continuing with the launch of new facilities in Australia and New Zealand.

/Dis-intermediation

Lending Club moves out of Facebook with new community site

P2P loan network Lending Club is expanding beyond its original Facebook member base to connect lenders and borrowers over the public Internet via a new Website, LendingClub.com.

/Dis-intermediation

Verizon to offer mobile payments via Obopay

Verizon, the number two US wireless carrier, is to offer consumers the opportunity to make purchases and conduct person-to-person funds transfers via their mobile phones using technology from privately-held Obopay.

/Dis-intermediation

Sparter sets up virtual currency exchange

California-based start-up Sparter has released a beta exchange platform designed to enable global 'Gamer2Gamer' (G2G) trading of virtual currencies.

/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.

/Dis-intermediation

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.

/Dis-intermediation

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.

/Dis-intermediation

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.

/Dis-intermediation

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.