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PayPal has agreed to
The deal gives PayPal a way to control more of the shopping experience, expanding from product discovery and buying to post-payment activities.
The Santa Monica-based
Money's good here
The U.K. consumer group Which? and a network of retail associations have recruited thousands of merchants to sign a pledge to continue accepting cash notes and coins.
The list includes large chains such as Aldi, Asda, Co-op, Lloyds Pharmacy and Waitrose, covering more than 4,500 locations and a 30% share of the supermarket industry, reports
As in many countries,
The
Modernizing
Silicon Valley Bank and Modern Treasury have signed a referral agreement, and will integrate their systems in an attempt to reach new technology companies that require help with financial management.
Modern Treasury supports accounting, a payments dashboard, and reconciliation across multiple accounts. Modern Treasury will provide access to payment processing through SVB bank accounts, part of an effort to jointly sell each firm's technology.
The collaboration also covers B2B payments for both U.S. and cross-border transactions.
Cryptophone
Samsung has upgraded its smartphone cryptocurrency wallet to connect to Ledger Nano devices, which are designed to store cryptocurrency.
Samsung has added several crypto features to its Galaxy S10 phones, which were introduced in 2019 — including a software development kit for third parties to build decentralized applications, or D-apps, reports
These D-apps can support cryptocurrency payments by scanning a merchant's QR code, among other functions. Samsung's cryptocurrency wallet also recently integrated with U.S. crypto exchange Gemini.
From the web
THE WALL STREET JOURNAL | Friday, May 14, 2021
Economists think shoppers continued opening their wallets, but at a less robust pace than in March, when stimulus checks hit household bank accounts
THE WALL STREET JOURNAL | Thursday, May 13, 2021
Loss in the first quarter narrows but misses analysts’ estimates
REUTERS| Thursday, May 14, 2021
Tesla Inc boss Elon Musk on Thursday denounced the “insane” amount of energy used to produce bitcoin, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns.
More from PaymentsSource
Customers' familiarity and expectations for digital service have risen but customer service strategy needs to adapt to this new playing field, says Majorel's Oliver Carlsen.
The Facebook-affiliated stablecoin's move from Switzerland brings it to a country where regulators are familiar with crypto and rival currencies have already debuted.
When FIS bought Worldpay two years ago, it marked the biggest deal in a season of fintech megamergers, with FIS chief Gary Norcross rhapsodizing about the combination creating the industry’s broadest range of global financial solutions.
IPO or SPAC merger? That is the question I’ve been getting from a lot of private company leaders lately. And a lot of payment and fintechs are using both methods to go public.
The Central Bank of Bahrain is collaborating with JPMorgan Chase and Bahrain-based Bank ABC to test the use of digital currency to speed up cross-border payments.
It's more common in retail than in other industries for the attacker to use text messaging to trick a retail employee into initiating a money transfer, according to the 2021 Verizon Data Breach Investigations Report.
ISO 20022 prioritizes speed and security, creating a runway for major new innovations like machine learning, says NICE Actimize's John Buzzard.
Government digital currency projects have the potential to displace banks and fintechs from the payment process. But three major participants — Accenture, Ant Group and Swift — argue that incumbents have a role to play.
The Facebook-affiliated Diem stablecoin is shifting its primary operations from Switzerland to the U.S., a move that includes a deal with a regulated American bank and a withdrawal of the project's application for a Swiss payment license.
Alliance Data Systems, which operates private-label and cobranded credit card and loyalty programs, plans to spin off its loyalty operations this year to improve the parent company’s performance.
U.S. households again reduced their credit card balances in the first quarter, the Federal Reserve Bank of New York said Wednesday, even as vaccinations and reopenings were helping to rekindle consumer spending.
Traditionally, finance and accounting teams live in a world of numbers, overseeing spend management and aiming to keep every department on budget.
The urgency to streamline processes during the pandemic accentuated how digitization can also drive diversity, fairness and better environmental outcomes, says Microsoft’s
Legacy vendors are competing more aggressively to modernize payroll, insurance payouts and data sharing.
Apple provided in-depth detail on how many apps it rejected last year and why its iPhone payment system keeps customers secure, seeking to deflect claims from Epic Games that its review process and purchase system is a deterrent to competition.
ByteDance's TikTok is working with brands including streetwear label Hype to test in-app sales in Europe, a move that will intensify its competition with Facebook Inc. and further blur the line between social media and online shopping.
The San Francisco-based technology provider raised $70 million in a Series C round this week, bringing its total funding to $114 million.
Google is enabling cross-border payments within the Google Pay app through integrations with Western Union and U.K.-based remittance firm Wise.
While the eventual emergence from lockdown will help ease the pressure on overworked compliance departments, there is still an obvious need for tools that will make the anti-money laundering process simpler and stress-free, says SmartSearch's
Both vendors use remote hosting and web delivery to support e-commerce, APIs and other technologies that go beyond their traditional focus on the ATM and point of sale.
Despite strong payment volume and revenue, Affirm's earnings suffered due to stock compensation and an adjustment on its purchase of PayBright in January.
This year's honorees are women under 40 who have demonstrated a strong talent for leadership and an expertise in their respective fields. They also took on crucial responsibilities to help their organizations navigate the complexities of the pandemic, and set their companies on a path for continued growth.
