On their investor day in May, Amex said international acceptance was one of their highest priorities. And they have been making impressive progress in target markets.
Visa and Mastercard require card issuers to post billions in collateral to protect themselves from settlement risk. However, that settlement risk rarely materializes into losses for the schemes
Co-founders Brian Armstrong and Fred Ehrsam, as well as President and Chief Operating Officer Emilie Choi and Chief Product Officer Surojit Chatterjee, together netted about $1.2 billion in proceeds from stock sales starting the day the San Francisco-based company started trading through February of this year, according to a Wall Street Journal analysis of regulatory filings.
Investors are asking the courts to decide an existential question for the cryptocurrency industry: whether digital tokens are, for legal purposes, more similar to stocks or to gold.
Agree on Venmo/Amazon deal. I guess they had to announce something positive on the earnings call, and this partnership was the only thing they had in their pocket.
You raised a good point on innovation! I would add that PayPal stopped innovating long time ago, and all their innovations came through acquisitions (including Braintree and Venmo).
They are still a big and a profitable company, but they are clearly struggling right now.
Banks have been saying that about online lenders for over decade now…and yet LendingClub, Upstart and SoFi loan books are still fine (and this three companies are taking 1/3 of all personal loan originations in the US)
Hi! Affirms scores (evaluates the risk) of each transaction in real time, which allows then to have reasonably low bad rates. Very few lenders can do it.