By Payments News Editor On the Web:
Square’s Jack Dorsey Puts It All Together – BuzzFeed News – “Once a media darling, he hasn’t spoken on the record to the tech press since a New York Times interview in December of last year. It’s not that he’s been hiding, exactly, but he has lowered his profile considerably.”
PayPal, OFAC, and why regulators play rough – WePay Blog – “When OFAC comes down, they come down hard. In PayPal’s case, that multi-million dollar fine came as the result of less than $50K in transactions over a period of years.”
Accidental Apple Pay triggers: When iPhone and NFC don’t get along – iMore – “But would it be too hard to have a “Dismiss” software button in the top right corner, in case Apple Pay is triggered accidentally? Or keep NFC from working when Airplane mode is enabled?”
On the Wires:
MasterCard and Marcus Samuelsson Partner to Serve Up Qkr!™ with MasterPass™ at the First Restaurant in the U.S. – “With Streetbird, I wanted to create something that made good food accessible. So we focused on creating an environment – from the menu to the incorporation of Qkr! with MasterPass – that centered on takeout and delivery,” said Marcus Samuelsson. “This is food you can order ahead and pick up on your way home from work – quick and easy – and even easier with Qkr!”
American Express First Quarter EPS of $1.48, up 11% from a Year Ago – “First quarter results showed solid core performance and continued progress in expanding the American Express franchise despite an impact from several of the headwinds we’re confronting,” said Kenneth I. Chenault, chairman and chief executive officer.
Discover Financial Services Announces $2.2 Billion Share Repurchase Program and Increases Quarterly Common Stock Dividend from $0.24 to $0.28 Per Share – “This is a five quarter share repurchase program and replaces the prior two-year $3.2 billion program. The company expects to make share repurchases from time to time subject to the company’s capital plan, market conditions and other factors, including legal and regulatory restrictions and required approvals.”
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: email@example.com!