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Notarized
Stripe launched a feature designed to speed payments to notaries, as well as enable remote transactions, as part of
A collaboration between online notary document firm Notarize and Stripe's Connect platform will support same-day access to notary transactions and automated processing.
Remote work and virtual real estate transactions have pushed home closings and mortgage refinancings online, creating a gap for the payments made to notaries, a traditionally offline business.
Blockchain down under
Australian debit network Eftpos Payments Australia is working with distributed ledger firm Hedera Hashgraph to test a stablecoin for micropayments.
The stablecoin would be pegged to the Australian dollar and stored in a digital wallet. Potential use cases include paying for online content or streaming services over short terms, reports
Eftpos hopes to add business cases beyond streaming content following the initial pilot.
On-time incentive
Point of sale credit firm Afterpay has launched a loyalty reward program designed to encourage prompt payments as the expansion of the
Afterpay will invite a number of consumers who have a history of making on-time payments to a program that allows more flexible options in the future, such as changing payment dates.
There will also be access to gift cards and other promotions in Afterpay's merchant network. The program will launch in the U.S. and Australia in August.
Payments supermarket
Paytm plans to launch a stock brokerage in the next few weeks, adding another in a series of services on top of its digital payments base.
Founder Vijay Shekhar Sharma said the company's considerable payments business has paved the way for other services such as insurance and mutual funds, with stock purchases and eventually lending, reports
From the Web
REUTERS | Fri July 24, 2020
British Airways owner International Airlines Group said American Express would pay it 750 million pounds ($955 million) to renew their partnership, providing a welcome boost to the airline’s finances at a time when it is burning through cash.
USA TODAY | Thu July 23, 2020
Instacart said it has not found evidence of a cybersecurity breach after customers' private data was reportedly unearthed on the dark web.
FORBES | Thu July 23, 2020
The New York Senate passed a bill on July 22 establishing a 90-day grace period for consumers to redeem their credit card rewards if they close or modify their existing accounts, making it easier for anyone who wants to close a credit card to cash in their earnings. The act, formally known as S7104A, is expected to be signed into law by the governor.
More from PaymentsSource
In this uncertain environment, companies that are nimble and adaptive are rising to the challenge, finding new ways to navigate the crisis and embracing innovative electronic solutions, says Bank of America's Daniel Stanton.
The CEOs of the credit card lenders Discover and Synchrony are urging Congress to come through with another round of government stimulus so that struggling households can continue paying their bills.
Installment payments are gaining mainstream appeal as an alternative to traditional credit products, prompting Affirm to boost its visibility in an increasingly crowded market.
Vending machines for years have been gradually shifting to contactless payments, but coronavirus has sparked changes in the machines’ core technology to enable hygienic use with social distancing.
As part of its effort to teach young adults about economic, social and environmental issues, Flowe is partnering with payments provider SIA Group to expand digital payments and other financial services through its app.
A consistent theme in banks’ second-quarter results has been that consumer loans have held up well during the coronavirus pandemic even as tens of millions of Americans have filed for unemployment benefits.
From the European Union to California and now other states and countries, data protection and privacy standards going into effect often share the same objectives, but have separate and different regulatory requirements.
Now is the best time for SMBs to adapt before the major influx of traffic that will come when businesses are allowed to fully reopen, says Fattmerchant's Suneera Madhani.
Universities are facing the same uncertainties as any other business during the coronavirus pandemic. This is especially true for universities that cater to international students.
The COVID-19-induced shock to the world’s largest economy has created a rush of interest in the subscription industry, as millions of captive consumers with almost nowhere to go and plenty of time — and for those employed, plenty of unspent money — on their hands.
