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Settlement
Stripe will
PlexCoin pitched itself as "the next worldwide cryptocurrency," reports
Stripe has since upgraded its anti-fraud systems and agreed to assist the AG's office. The office will not pursue separate civil action against Stripe as part of the settlement.
Token flyer
PayPal has added support for bitFlyer Europe, enabling users to execute cryptocurrency transactions directly from PayPal accounts.
bitFlyer Europe is a subsidiary of one of Japan's largest cryptocurrency exchanges, and the integration is designed to make crypto-to-traditional currency transactions more efficient, reports
bitFlyer Europe allows wire card transfers, but clearance can take up to three days. Adding PayPal allows for near real-time transactions. There is potential for expansion, as bitFlyer is one of the few cryptocurrency exchanges regulated in Japan, Europe and the U.S.
Paying the bills
Integrated payments and processing technology firm Paya has agreed to acquire The Payment Group, which supports digital payments for more than 600 utility and government clients.
Paya plans to use the acquisition to strengthen its services to local governments that use Paya's rails for court transactions and other government fees. Paya's TPG acquisition is expected to close in October, around the same time
Paya in 2018
Less contact
India's SBI Card has made a deal with Google to support SBI cards on the Google Pay platform, which will extend card users access to contactless transactions.
SBI, which is one of India's largest issuers, will offer NFC, QR code and online payments via card accounts, according to
From the web
TECHCRUNCH | Tuesday, September 22, 2020
Point Nine, the pan-European early-stage VC focused on SaaS and digital marketplaces, has raised its fifth fund, totalling just short of €100 million (in fact, “P9 V” is a €99,999,999 fund — get it?).
REUTERS | Tuesday, September 22, 2020
Chinese tech giant Tencent's WeChat messaging app has seen a surge in downloads in the United States since Friday after Washington confirmed it would push ahead with a planned ban of the app, data showed on Tuesday.
ENGADGET | Tuesday, September 22, 2020
A US district judge has sentenced a UK National to five years in federal prison for participating in the cybercrime activities of hacking collective group “The Dark Overlord.”
More from PaymentsSource
If the processor does not understand the particular needs of high-risk businesses, merchants working with them could face sudden financial disaster if accounts are terminated without warning, says T1 Payments’ Donald Kasdon.
COVID-19 has accelerated changes in payments behavior that would otherwise have taken years to occur, laying the foundation for global expansion post-pandemic. But for different parts of the world, this digital transformation had very different outcomes.
The months-long saga of Bytedance’s forced sale of TikTok in the U.S. is finally close to the finish line, and Walmart stands to gain new social tools and youthful consumers in its battle with Amazon and other brick and mortar chains.
Whether to take every aspect into account is a matter of courage, professionalism and, in a sense, luck. It's usually up to marketers to choose the solutions or proven approaches they feel are most suitable for a particular audience. But that's not how it works in the fintech world. After all, this is a world of regulation and restrictions.
Financial Software and Systems is upgrading the card management technology for Everlink Payment Services in Canada, converting the legacy card issuing and transaction processing systems to a single digital platform.
Netwalker attacks are known to target victims using phishing emails disguised as COVID-19 updates from their organization, taking advantage of the heightened fears and anxieties that come with the current pandemic, says Stealthbits Technologies' Dan Piazza.
The pandemic and subsequent economic crisis have raised the stakes, since the government’s role in recovery and how stimulus is delivered — and policies impacting the goals of card and technology companies — will be largely determined by the philosophy of leadership.
The Trump administration has barred the use of TikTok and WeChat inside the U.S., including a direct ban on WeChat Pay, setting up potential retaliation against U.S. companies that could interrupt international payment flows.
