Category: finance

cvs pharmacy apple pay ceo

Dear CVS CEO: I wouldn’t give up on ApplePay just yet

[This letter was emailed to CVS Caremark CEO Larry Merlo this morning.] Dear Mr. Merlo, According to sources, you’re looking to build a system that allows you to circumvent credit card processing fees. I’m not a betting man, but I promise you that your solution will do no more than waste your company’s time, and money. Over the rest of this letter, I’ll try...

final credit card app

This Startup Fixed The Credit Card | Startup Of The Month

Target, Home Depot, Staples. Every retailer appears to be susceptible to credit card breaches these days, which is why this month’s startup offers a particularly useful, insightful product. October’s Startup Of The Month is Final, short for ‘your final credit card’. Rather than assigning you a single static credit card number, Final gives a different credit card number to each place you buy something....

Simple Banking Startup Acquisition Homepage

Startup of the Month: Simple – A better bank

This article is part of our monthly “Startup of the Month” series. You can read more articles from that series here. The most talked about acquisition this year has been the nabbing of Whatsapp by Facebook, and because of that, a lot of other deals have been overshadowed. One of those overshadowed acquisitions, was BBVA’s acquisition of a banking startup called “Simple“, for over...

mt.gox robbery victim proof

Massive Bitcoin Exchanged Robbed and Destroyed – What Next?

Today we learned that Mt.Gox, one of the biggest bitcoin exchanges in the world, has gone dark. Strong rumors support the idea that Mt.Gox was robbed of 744,000 customer Bitcoins, worth some $300 million, and worth nearly a billion dollars a few months ago. Mt.Gox users have taken to the web to bemoan their lost millions (people actually lost millions of dollars), but Mt.Gox...

iOS 7 Bug Bankrupts Blackberry

In a surprising turn of events, Blackberry’s stock price has fallen to below zero. This is especially surprising considering that in most sources it is nowhere near bankrupt, and that a stock price cannot possibly fall below zero. Investors would literally have to pay to offload the stock. The bug was reported by reader Brendan, who noticed it in Apple’s latest iteration of their...