Is Square Making Money?

Square has the ability to dramatically increase the amount of cash flowing through the till but a hard time maintaining that cash from operations. The danger here is that cash flow is not steady, which makes it hard to generate flow, or keep the money

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Should we Tax Data or Advertising to Fund Basic Income?

“We could hold Google and Facebook and all those big multinationals accountable; we could make sure that people; like those who are currently ‘voluntarily’ contributing their data to pump up companies’ profits are given something that is adequate to support their livelihoods in exchange,” Fuller said.

Fuller’s idea makes a lot of sense because most of those companies’ values come from the data they collect and disseminate. Figuring out how to charge a tax on that data will be difficult because much of its value is theoretical.

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Visa and the Value in Payments

Nor are mobile wallets such as PayPal, Apple Pay, Walmart Pay, Android Pay, Samsung Pay, and Alipay, automatically a threat to Visa’s business.

Only 16% of Americans said they had used a mobile wallet in 2015, a JPMorgan Chase survey indicates. The same survey found that only 56% of large businesses and 25% of small businesses were accepting payments from such mobile wallets.

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Wells Fargo and the Future of Monster Banking

The potential challenges Wells Fargo faces are vast. The greatest of these is falling revenues, which probably reflects the growing implosion of the mortgage market.

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Android Pay Supported by over 1,000 Financial Institutions

Alphabet (NASDAQ: GOOG) is far ahead of Apple (NASDAQ: AAPL) in peer to peer (P2P) payments. Google has rolled out its TEZ P2P solution all over India, while the Venmo-clone Apple Pay Cash is still being tested by employees at Apple.

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Nine Threats to Banks

Cryptocurrencies are a menace because they can form the basis of a wide variety of financial products including loans, bonds, and savings account. A major threat to banks is that fast-growing altcoins such as Bitcoin and Ethereum provide a better hedge against inflation than cash. Particularly dangerous to banks will be cryptocurrency Visa and MasterCard products that allow payment at brick and mortar stores with altcoins. Also on the horizon are cryptocurrency banks such as Change Bank. A major threat is that cryptocurrencies will become the money transfer mechanism of choice, allowing consumers to cut out banks completely.

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PayPal Keeps Growing and Growing

That situation is great for PayPal because it creates vast numbers of new customers. People who get used to paying for everything via their phones will start using PayPal for their banking and online payments. A major opportunity for PayPal is to serve as a pass through solution through which the proceeds of cryptocurrency transactions enter the traditional financial system.

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Chase Proves Banking is Back!!

Chase Pay will be integrated with both PayPal’s digital wallet and the Braintree merchant platform, TechCrunch reported. That means Chase Pay users might be able to use the app to pay at merchants will Braintree accounts.

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Android Pay Adds International Remittances

WorldRemit might become a major player in the remittance and finance business because it has raised $148 million in venture capital. The next logical step for WorldRemit will be to launch its own digital wallet.

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