The information you need to start your day, from PaymentsSource and around the web:
Billing office
Google's venture arm, GV, has made a $16.5 million investment in Nym Health to fuel expansion of machine learning for hospital payments.
Nym's core product helps health care providers digitize documents such as charts and medical records, then link those documents to billing codes, reports
Israel-based Nym wants to expand in the U.S., where
Compliance cloud
Stripe has allied with PCI Pal to add security protections for Stripe's merchant network, which is adding more non-digital merchants looking to move services online during the pandemic.
As the name implies, PCI Pal uses a cloud to remotely manage updates to PCI DSS rules, with PCI Pal contending organizations can execute online payments and other card-not-present transactions.
Stripe early in 2020 raised about $600 million to expand its range of services to cover more merchant functions beyond enabling digital payments.
Crypto pay
Samsung Pay has added U.S. support for Swipe Wallet, a digital currency wallet and card payment app, covering a market gap that left out the States.
The deal allows U.S. Swipe users to connect Visa cards to Samsung Pay, enabling conversions between different cryptocurrencies and between crypto and traditional currency, according to
The cards can be used at any Visa merchant. Swipe earlier signed a similar deal with Google Pay in the U.S.
New corridors
Singapore fintech support firm Nium has partnered with South Korean remittance firm E9pay to support E0Pay's strategy to open new corridors to Europe, Indonesia, India and the U.S.
E9pay also wants to improve its ability to reach South Korean e-commerce merchants that are trying to reach consumers outside of the country.
These merchants often have a hard time reaching outside South Korea because of technology and processing differences in outside markets, contends e9pay.
From the web
TECHCRUNCH | Tuesday, October 13, 2020
French startup Spendesk has added $18 million to its Series B round. The company already raised $38.4 million as part of its Series B last year, which means that it raised $56.4 million as part of this round. Eight Roads Ventures is investing in today’s extension round.
FORTUNE | Tuesday, October 13, 2020
Chinese financial technology firm Lufax last week filed for an initial public offering on the New York Stock Exchange in what could be the largest Chinese company IPO on a U.S. exchange so far this year.
ENGADGET | Tuesday, October 13, 2020
Instead of free trials, now Netflix has a website that offers free samples from its original TV shows and movies.
More from PaymentsSource
The control of crypto exchanges will resemble that of regular financial companies in Europe and the U.S., says Extante's Anatoliy Knyazev.
Swedish point of sale credit company Klarna put itself in the awkward position of apologizing and trying to explain marketing emails to surprised and angry consumers, a misstep for a firm whose credit card alternative has found major traction during 2020’s crises.
Millennials’ finances have been hit hard during the pandemic, but their discretionary spending hasn’t slowed down much, a new TD Bank survey indicates.
Payments provider B4B Payments has been authorized to become an e-money institution in the U.K., and is seeking a license in Lithuania so the company can advance its prepaid card business throughout Europe.
EMV specifications body EMVCo has started a pilot program to evaluate consumer mobile devices for contactless payment acceptance, enabling vendors to have smartphones and tablets evaluated for possible use by merchants to accept payments without attached card readers.
Michael Moeser, senior analyst at PaymentsSource, talks to Christian Fredrikson, CEO of Fingerprint Cards, about the ways biometric authentication has been adopted during the coronavirus pandemic.
The case for the payments industry to help merchants digitize and transform their businesses has never been stronger.
Many consumers around the world rely on cash-based payments, even when shopping online, says PPRO's Steve Villegas.
As the House of Representatives enters the 2020 election season, the outcome stands to encourage or rein in a group of technology companies that are encroaching deeper into financial services.
Connected devices have become a popular way for retailers to mitigate human contact, turning forward-looking projects into near-term necessities. To keep this transition on track, NCR is using Microsoft's cloud.
New York-based earned wage access (EWA) startup Clair has raised $4.5 million in a seed fundraising round to target the small-business market.
