Twitter's new billionaire owner plans to make the company into a payments player, but industry pros say social media platforms aren't cut out for that game
The tech conglomerate will couple new payments software with its mobile computers to process transactions anywhere, taking on a pack of rivals already in the market
Sellers on the company's online marketplace can access from $500 to $10 million in cash advances, with repayment based on a fixed percentage of their gross merchandise sales
Recent reports from Ernst & Young, Forrester Research and McKinsey examined forces at play in the payments industry, from “swipe” fee frustration to open banking and cross-border payments trends
The company better known for paper checks is preparing for increased consumer use of digital assets, with plans to add options for accepting crypto next year