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Star formation
Starbucks has introduced new incentives that broaden the payment options available to accrue credit toward free items.
Consumers can use cash, cards and mobile wallets with the incentive program, which is linked to Starbucks' app. Previously the system was tied to the Starbucks gift card.
Where is it?
WorldRemit is supporting real-time remittance tracking through an update to its mobile app.
Called The WorldRemit Transfer Tracker, it's available through the Google Play app store in Nigeria, India, Mexico, and Columbia, and will launch in 90 more countries on iOS and Android this month.
WorldRemit in August agreed to purchase
Good friction
Barclays is adding a waiting period to its gambling locks for consumers who want more control over spending on gaming.
Called a "cooling off period," users have to wait 72 hours before making gambling payments, meaning any such transaction is automatically declined. The feature was developed after the bank's initial opt-in gambling block, which was introduced in December 2018, was used 570,000 times in the first year. The new feature adds the extra time when the core gambling block is turned off.
Barclays in a release cited research from the University of Bristol which said the "cooling off" period is a "positive friction" that gives people pause before making a risky investment or payment.
New markets
Australian fintech Airwallex has expanded card acceptance to the U.K and Europe, hoping to serve an expanding digital payment market in the wake of coronavirus shutdowns.
Airwallex, which uses an
The fintech supports Visa and Mastercard payments, and has accounts in more than 15 currencies, allowing discount currency conversions and no-fee funds repatriation. By adding more markets, Airwallex hopes to reduce the need of its merchant network to maintain bank accounts in different countries.
From the web
THE WALL STREET JOURNAL | Tuesday, September 15 2020
Payments company dLocal Group Ltd. became one of Latin America’s best funded venture-backed companies through a new deal that valued the business at $1.2 billion.
GIZMODO | Tuesday, September 15 2020
Just hours after the reveal of Apple’s new services bundles, the tech giant has already taken criticism for evidently favoring its own apps over those with which it directly competes in its App Store.
TECHCRUNCH | Tuesday, September 15 2020
Freelance marketplace Fiverr launched a new service today designed to help teams at larger companies manage their work with freelancers.
More from PaymentsSource
Dodger Stadium looks odd now — filled with fake crowd noise and cardboard cutout spectators — but it's powered by an almost entirely invisible 5G wireless connection and new point of sale system.
London-based Rapyd has added Mastercard and Visa acceptance to its European payments platform to help merchants take advantage of retail’s shift to online.
By implementing email protections and patches, the bank was able to protect mobile payments, ATMs, and digital banking, says Red Canary's Tony Lambert.
Square is entering the earned wage access (EWA) fray, but it’s taking a tailored approach that aims to drive transaction volume within its Cash App.
WASHINGTON — The Conference of State Bank Supervisors is launching a streamlined program for national payments firms to undergo a single exam, as state regulators continue to battle with the Office of the Comptroller of the Currency over who supervises tech-focused nonbanks.
A recent Congressional investigation found that coronavirus-related fraud exceeded $1 billion. By the end of August, Americans filed over 184,000 fraud reports related to COVID-19 stimulus checks and reported losses of over $124 million.
Embedded finance isn’t an intentional attempt to overthrow banking; most companies are just trying to meet customers where they’re at when it comes to payments, says Kunai's Sandeep Sood.
Credit and debit cards, merchant apps and loyalty programs are being linked through a platform from U.K-based Fidel, which provides real-time rewards, business expense management, digital receipts, and charity donations.
The controversial TikTok U.S. divestiture is inching toward a conclusion, but the battle over how and where data is collected has become a geopolitical barrier to international e-commerce growth that goes far beyond the Chinese video-sharing app.
U.S. cell carrier Assist Wireless recently suffered a breach that exposed thousands of personal documents on its site by mistake, calling attention to the risks of third parties.
