The information you need to start your day, from PaymentsSource and around the web:
Palm reader
Amazon is adding more stores to its Amazon One network as the e-commerce company seeks to diversify in-store technology.
Amazon in the past year also introduced
Instant cardless
BNP Paribas is extending its open banking partnership with Token to include real-time payments for EU merchants.
Called Instanea, the service integrates with most digital shopping carts and payment gateways. It also bypasses the card networks, eliminating interchange. By authenticating consumers through the bank's site, the partners hope to reduce chargeback risk.
Token's payment network uses an API to connect to 3,000 banks in the EU, supporting account-to-account transfers directly from apps and websites.
B note
Bitcoin Foundation Founding Chair Peter Vessenes and former Treasury Bureau of Engraving and Printing Director Larry Felix have launched a project to create physical bitcoin bills.
Their venture, Noteworthy, will design a bitcoin banknote that will have a cryptographic microprocessor and will look and feel like traditional money, reports
Noteworthy attracted other veterans from traditional payments, including Manuela Pfrunder, who designed the ninth series Swiss Franc; and Thomas Hipschen, a retired engraver who has worked on more than 130 U.S. postage stamps and the portraits of Benjamin Franklin, Ulysses Grant, Andrew Jackson and Abraham Lincoln that appear on current versions of $100, $50, $20 and $5 bills.
In committee
U.S. Reps. Patrick McHenry (R-N.C.) and Stephen Lynch (D-Mass.) have introduced a
The Securities and Exchange Commission, Commodity Futures Trading Commission and experts from the financial services industry would be part of the group, which will examine current regulations and determine which agency is responsible for oversight in specific situations, according to
The non-government committee members will represent fintechs, small businesses, financial institutions, investor advocacy groups and academia.
From the web
REUTERS | Wednesday, March 10, 2021
PayPal Holdings Inc will launch its "buy now, pay later" (BNPL) option in Australia this June, the U.S. payments giant said on Wednesday, muscling in further on Afterpay Ltd and others for share in the booming industry.
REUTERS | Tuesday, March 9, 2021
Africa-focused payments company Flutterwave could consider a New York listing, its chief executive said after it raised $170 million from investors to expand its customer base, pushing its valuation up to more than $1 billion.
TECHCRUNCH | Tuesday, March 9, 2021
MobileCoin, a cryptocurrency that has received technical guidance from Moxie Marlinspike, the creator of private messaging app Signal, has raised $11.35 million in fresh venture funding across two rounds from Future Ventures and General Catalyst.
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People open new accounts for a variety of purposes, often providing services banks don't provide, says FICO's Anna Hamilton.
With national banks awaiting federal decisions on marijuana banking policy, smaller institutions can capitalize on local laws. That’s the theory Colorado Ventures is putting to the test with a $5 million investment in AeroPay, which banks with Partner Colorado Credit Union.
Twelve months after the World Health Organization declared COVID-19 to be a global pandemic, the ways U.K. consumers shop have been drastically altered. When Prime Minister Boris Johnson enacted a national lockdown on March 23 to curb the spread of the virus, it forced offices, merchants, restaurants and schools to pivot into online interaction.
Like a lot of small restaurants, Ann Arbor's Zingerman's Deli saw its status as a social destination disappear at the start of the pandemic. The technology that helped it hang on will forge a new business model.
JPMorgan Chase is pulling the plug on its Chase Pay digital wallet about a year after discontinuing the standalone app.
Adtalem Global Education CEO Lisa W. Wardell has been elected to join the American Express board of directors and will join the board’s risk committee.
Dwolla has appointed payments technology veteran Dave Glaser as the fintech's first president and chief operating officer.
It's not just the shift to buying and selling online. In many cases, the online channel may be the only way for most people to get a new product — such as the latest iPhone or a Playstation 5. In these examples, the bulk of an item's sales could happen in a very short time, and fraud decisions need to be immediate and accurate.
2021 may just be the year that businesses traverse the last mile for B2B payments. An industry that has historically lagged when it comes to innovation, the pandemic and its fallout have left organizations with no choice but to adapt quickly or risk going under.
By removing friction and encouraging interoperability, deployment becomes easier, says Fime's Reza Rhamani Fard.
COVID-19 and government regulations have led to a rise in digital payments in the Gulf region, attracting international processors, neobanks, fintechs and investors.
PayPal Holdings Inc. said it will acquire the cryptocurrency firm Curv as it seeks to beef up its talent pool for handling digital currencies.
A person who's in the park walking a dog probably isn't only walking a dog. That person is planning their day, checking finances and checking out sales.
