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Freebies
Google is extending free merchant product listings for most markets on Google Shopping, part of a pandemic strategy to reach more merchants that have moved to e-commerce and to counter Amazon.
The search engine allowed merchants in the U.S. to list products on its Shopping tab for free in April, and has gradually added markets in Europe and other parts of the world in the months since, reports
Google over the past year has added AI, voice tools and a
Name tag
Lawyers for the European Central Bank have applied to trademark "digital euro," another signal it's interested in building a central bank digital currency (CBDC) for member nations — or at least it doesn't want someone else to issue a currency with that name.
Eurozone banks have not committed to a project, but are looking for alternatives to cryptocurrency, reports
The
Making a deal
Taiwanese payment technology company Castles Technology has acquired U.K.-based electronic funds transfer/point of sale terminal Spire Payments.
Terms of the deal were not disclosed. Castles Technology will invest to expand Spire's products and will take on service for Spire's merchant and retail clients, as well as Spire's partnerships with merchant acquirers.
Castles Technology hopes Spire will give it a platform to reach EMEA markets, and add more point of sale hardware to Castles' portfolio, which includes payment systems that use Linux, Android, MiniPos and ECRPos.
Writing code
Payments technology company InComm Japan has struck deals with five QR and bar code payment processors to expand consumer access for retailers in Japan.
AlipayHK and UnionPay are on board, which would make it easier for retailers to serve consumers from China. InComm has additionally added EZ Wallet and Kakao Pay to reach South Korean consumers; and Touch'n Go eWallet from Malaysia.
InComm's merchant network in Japan includes more than 50,000 stores with clients in convenience, pharmacy, department stores and supermarket categories. The new QR deals give it partnerships with 22 processors that do business in Japan.
From the web
REUTERS | Thursday, October 1, 2020
Cyber insurers and other financial institutions that facilitate payments to hackers to end cyberattacks risk running afoul of sanctions rules, the U.S. Treasury Department warned on Thursday.
REUTERS | Thursday, October 1, 2020
The Department of Justice charged Arthur Hayes, Samuel Reed and Benjamin Delo, who together founded BitMEX in 2014, and Gregory Dwyer, its first employee and later head of business development, with violating the federal Bank Secrecy Act and conspiring to violate that law.
COINDESK | Thursday, October 1, 2020
Amid a rising incidence of ransomware attacks being reported this year, the U.S. Financial Crimes Enforcement Network (FinCEN) issued an advisory Thursday concerning such attacks.
More from PaymentsSource
The ongoing pandemic and economic crisis should accelerate the adoption of payments as a service, APIs and open banking, says AFEX Americas' Christian Spaltenstein.
For many U.S. cities and counties, the high number of walk-in payments and checks typically received for services, permits and fees has been aggravating but acceptable — until coronavirus struck.
The COVID-19 pandemic was a cascade of crises for Benjamin Thayil. The Miami optometrist has just a single location — and he didn't want to lose patients due to virus fears or because their finances could no longer absorb the expense of a doctor's visit.
Goldman Sachs Group Inc. is close to signing a deal to take on General Motors Co.’s credit-card business, according to a person with knowledge of the matter.
JPMorgan Chase & Co. wants to help turn airline and hotel loyalty points into an asset akin to stocks or corn futures.
Payments technology provider Ingenico is launching a platform for vending operators to enable faster payments and management of their unattended machines.
Swift is working with more than 20 banks in its network to test a service designed to help consumers and small and medium-size companies send low-value cross-border payments with the same speed and transparency benefits larger banks enjoy on Swift rails.
One thing that all fraudsters and money launderers have in common is the ability to explore out-of-the-box solutions to stay ahead of fraud prevention or law enforcement services.
Following compliance policies and respecting the requirements of the regulator is a good foundation for effective marketing communication, says Aximetria's Dmitry Ryzhkov.
The COVID-19 pandemic was a clear incentive for advancing contactless and digital payment technology — but the systems merchants put in place today could create new problems down the road.
There’s no PSD2-style law requiring banks in the U.S. to share data with third-party payment apps, but the market is progressing as if there will be one, leaving some smaller banks at a disadvantage.
Walmart is expanding the contactless payment options in its stores as part of a new design that aims to blur the online and in-store shopping experience.