Braintree’s growing success in becoming the e-commerce provider for internet startups has attracted PayPal’s(s ebay) attention. PayPal is in negotiations to acquire Braintree and is close to finalizing the details of the deal, according to the Wall Street Journal.
While PayPal remains king of the peer-to-peer payments and powers a good deal of the e-commerce transactions between small businesses and their customers, Braintree and competitors like Stripe have found a lucrative middle ground between PayPal and the large enterprise-focused providers such as Chase Paymentech(s jpm). Braintree targets e-commerce an collaborative consumption startups like Airbnb, Uber and Fab.com, giving them tools such international transaction support that would normally only be available to much larger companies.
The model is proving to be successful. In July, Braintree revealed it was processing $10 billion in transaction globally – up from $4 billion the previous year. It’s also growing beyond U.S. borders and is…
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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.
Kenneth Carnesi 
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