China’s Baidu enters strategic partnership with Paypal to tap Chinese tourists

China’s Baidu enters strategic partnership with Paypal to tap Chinese tourists — Reuters — “Baidu’s payment platform, Baidu Wallet, will be accepted by roughly 17 million PayPal merchants globally, the Chinese firm said in a statement on Thursday. ‘Partnering with PayPal on technology and product innovation will provide Baidu users with the ultimate cross-border consumer experience,’ said Baidu senior vice president Guang Zhu.”




Wells Fargo wants its ‘Control Tower’ to manage your digital financial life

Wells Fargo wants its ‘Control Tower’ to manage your digital financial life — Fortune — “Control Tower will allow Wells Fargo customers to track every place they’ve shared their payment information, whether it be via a device, mobile wallet, or online retailer… If their card expires or is re-issued, consumers can simply push the data for the new card out to retailers and mobile wallets through the Wells Fargo app.”


Visa and PayPal extend partnership to Europe

Visa and PayPal extend partnership to Europe — Visa — “The European partnership agreement makes it easier for financial institutions to offer their Visa account holders the ability to checkout anywhere PayPal is accepted online… It will also expand the acceptance of PayPal by European businesses that accept Visa in physical locations, providing growth opportunities for Visa, PayPal and their customers.”



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